Money

by | December 15, 2018 | 16:41

Johnson & Johnson's stock had its worst day in 16 years after an explosive report accused the consumer-products giant of lying for decades about trace amounts of cancer-causing asbestos in its namesake baby powder. The World Health Organization (WHO) warns that "all types of asbestos cause lung cancer, mesothelioma, cancer of the larynx and ovary, and asbestosis (fibrosis of the lungs)".

by | December 15, 2018 | 11:13

The deal adds to the US$8 billion raised in U.S. first-time share sales by Chinese companies this year, more than double the same period in 2017, data compiled by Bloomberg show. -China trade war and fears of slowing global growth. However, what works in TME's favour is its profitability, a rarity in startup ecosystems globally and something which continues to elude Spotify and presumably Apple Music.

by | December 15, 2018 | 04:41

J&J vice president Ernie Knewitz told Reuters that plaintiffs' attorneys are " out for personal financial gain " and are "distorting historical documents and intentionally creating confusion in the courtroom and in the media". But the Reuters report cites documents and other evidence that indicate company executives, mine managers, scientists, doctors and lawyers knew about the problem and failed to disclose it to regulators or the public.

by | December 14, 2018 | 17:40

Freeland's office expressed displeasure over Scheer's comments about the detentions being a reflection of Canada's "naive" foreign policy with China . Meng could face extradition for fraud and denies violating USA sanctions on Iran through Huawei's transactions. China has threatened unspecified consequences if she is not released.

by | December 14, 2018 | 13:15

All you need to do is create a post detailing "how you would use your year if you took a break from your smartphone" and publish it with the hashtags #nophoneforayear and #contest. The company unveiled a challenge for 2019 with an award of $100,000 to a person who can prove they went without their smartphone for 365 days. Winners will be given a "1996-era cellular telephone that may be used for communication during the contract time period, including a monthly phone plan accompanying the ...

by | December 14, 2018 | 10:08

Apple's response underscores the importance of the Chinese market, as well as Qualcomm's crucial role as a technology provider to the likes of Huawei Technologies Co and Xiaomi Corp. It will come at a time when demand for Apple's most important product is slowing. "We will pursue all our legal options through the courts". "It's all a game of high-stakes poker and Apple is going to fight this Qualcomm case with an iron fist", said Daniel Ives, an analyst at Wedbush.

by | December 14, 2018 | 08:28

Michael Matera, an economist and diplomatic analyst at the Center for Strategic and International Studies, says nothing in the USMCA (which is largely a continuation of NAFTA) indicates Mexico is picking up the $25 billion price tag for USA taxpayers - directly or indirectly.

by | December 14, 2018 | 05:53

It is unclear if the heart was urgently needed for an operation, or what what its specific destination was. A doctor on board the flight - who had nothing to do with the heart - said the incident was a " horrific story of gross negligence ".

by | December 14, 2018 | 02:29

The company says it added 6,000 jobs to its USA workforce in 2018 and now employs 90,000 people across all 50 states. For more on Apple's plans for a new $1 billion campus in Austin, as well as its expansion and employee increase, follow here.

by | December 14, 2018 | 02:03

President Donald Trump as he seeks to reset trade relations and spur manufacturing in the U.S. vehicle sales in China have fallen for six straight months after decades of nearly uninterrupted growth, and while there are other factors, the tit-for-tat jabs between the world's biggest economies have played a role.

by | December 13, 2018 | 20:16

The legislation sets federal agricultural and food policy for five years and provides more than $400 billion in farm subsidies, conservation programs and food aid for the poor. "The bill invests in research, outreach to beginning and underserved producers, local and organic food production, bioenergy, and access to new markets", said the senior Democrat on the House Agriculture Committee, Rep.

by | December 13, 2018 | 06:02

Das was named the new governor of RBI after Urjit Patel abruptly resigned amid a face-off with the government over issues related to governance and autonomy of the central bank. He added that he would meet private sector banks as well. However, he also said that every institution must adhere to principles of accountability and that the government was not just a stakeholder but managed policy and ran the country.

by | December 13, 2018 | 03:02

Energy Information Administration said , smaller than the draw reported by industry group the American Petroleum Institute on Tuesday and less than half the draw of 3 million barrels analysts had forecast. The decision to cut back on supply next year comes amid an oil market plagued by oversupply which has seen the price of crude lose more than 30% of its value since October.

by | December 13, 2018 | 01:51

Some have also reported that they have had to seek medical attention to remove pieces of the tampon that were left inside the body. Any consumer with the impacted U by Kotex® Sleek® Tampons, Regular Absorbency, in their possession should stop using the product immediately and promptly contact Kimberly-Clark's Consumer Service team at 1-888-255-3499 between 7:30 a.m.

by | December 12, 2018 | 23:57

Brady said the vote would be held in Parliament between 18.00 GMT and 20.00 GMT (11.30 pm and 1.30 am) on Wednesday, with the results announced soon after. May also warned that finding a successor - who would automatically become prime minister - "would mean either delaying or stopping Brexit". European Commission President Jean-Claude Juncker is ruling out any renegotiation of the divorce agreement with Britain but says elements of the Brexit deal could still be clarified.

by | December 12, 2018 | 23:27

The ACCC's report recommended a new regulatory body be set up to monitor Facebook and Google and their dominance of the online advertising and news markets. The problem for a regulator like the ACCC is that the digital giants' business model is hard to regulate; their market dominance is derived from people's willingness to surrender their data freely, in exchange for the perceived value of being able to look at your sister's baby photos or find things online.

by | December 12, 2018 | 14:55

The company has denied any such bias. Pichai also reinforced the fact that Google Search results are provided by algorithms, not the company's employees, and that algorithms don't understand or take political biases of any kind into consideration when providing results that people see.

by | December 11, 2018 | 19:30

After almost six hours of arguments and counter arguments, the hearing was adjourned until Monday. Meng is personally accused of misleading banks about the company's business dealings in Iran and could face up to 30 years in prison if extradited to the USA and convicted in a federal court.

by | December 11, 2018 | 09:27

Mr Macron also acknowledged he's partially responsible for the anger that has fueled weeks of protests in France, an unusual admission for the leader elected previous year. Demonstrators clash with riot police at the Arc de Triomphe during a protest of Yellow vests against rising oil prices and living costs, December 1, 2018, in Paris .

by | December 11, 2018 | 01:30

Apple responded by saying that Qualcomm's attempt to ban our products is another desperate act of the company. " Apple continues to benefit from our intellectual property while refusing to compensate us", said Don Rosenberg, general counsel of Qualcomm .

by | December 10, 2018 | 23:11

Ghosn was stripped of his chairman roles at Nissan and Mitsubishi after the allegations emerged, although he remains chairman and CEO of Renault . " Making false disclosures in annual securities reports greatly harms the integrity of Nissan's public disclosures in the securities markets, and the company expresses its deepest regret ", the company said in its statement.

by | December 10, 2018 | 19:04

Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992. On Twitter , Modi praised Patel as a "thorough professional with impeccable integrity". This tussle had also fuelled rumours of Urjit Patel's resignation . On the matter of relaxing the PCA norms for banks with bad loans, it decided that the issue will be examined by the RBI's Board for Financial Supervision.

by | December 10, 2018 | 12:40

In London, the unemployment rate also fell to 4.8 per cent, down 0.1 points. The improvements, however, obscured a key piece of data: weakening wage growth. Canada added 94,100 net jobs for its largest monthly increase since March 2012 when there was a gain of 94,000 jobs. Statistics Canada released the latest figures Friday morning saying in November the jobless rate for London-St.

by | December 10, 2018 | 08:14

Meanwhile, its self-driving auto unit is costing the company about $200 million a quarter, according to investors, but Uber's program has retrenched since one of its autonomous cars killed a pedestrian in March. Valued at $76 billion, reports suggest that this filing makes it one of the biggest technology listings ever. Lyft's valuation is likely to end up between $20 billion and $30 billion, one source added.

by | December 10, 2018 | 07:15

OPEC and partner countries including Russian Federation agreed yesterday to cut oil output by a combined 1.2 million barrels a day in the hope of boosting prices, Iraq's oil minister said. OPEC partners will cut an additional 400,000 barrels a day. USA officials said they had expected that OPEC would decide to cut production. We will remind, OPEC and outside the cartel producers are planning to make a deal on the reduction of oil production by at least 1.3 million barrels per day.

by | December 09, 2018 | 23:13

The National Weather Center said Sunday a strong storm "passing just south of the southeast US coast early Sunday morning will result in a high impact winter storm from extreme northeast Georgia and northwest SC to central/southern Virginia".

by | December 09, 2018 | 23:02

A total volume of 7.55 million shares were traded versus to average volume of 4.8 million shares. Fiat Chrysler Automobiles N.V. (NYSE: FCAU)'s revenue estimates for the current quarter are $34.09 Billion according to 3 number of analysts, for the current quarter the company has high revenue estimates of $35.25 Billion in contradiction of low revenue estimates of $32.9 Billion.

by | December 09, 2018 | 10:59

That's below this year's average monthly gains but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in the stock market. We calculated the percentage change from January 2018 through October 2018, the latest month for which employment data at the metro area level is available.

by | December 09, 2018 | 02:59

A ring of steel surrounded the Elysee Palace as police stationed trucks and reinforced steel barriers in streets throughout the entire neighbourhood. Last weekend, more than 130 people were injured and over 400 were arrested in the worst street violence seen in Paris in decades.

by | December 08, 2018 | 22:10

Cronos and other cannabis stocks have been thrust into the spotlight in the past few months following the legalization of recreational marijuana in Canada in October, as well as legalized recreational and medical pot in several U.S. According to a news release , Altria's resources will better position the Cronos Group "to support cannabinoid innovation, create differentiated products and brands across medicinal and recreational categories, and expand its global footprint and growing ...

by | December 08, 2018 | 08:31

Despite the headline-grabbing zero-star rating for the FIAT Panda and one-star rated Jeep Wrangler , six cars with excellent safety credentials have been launched in December. The Wrangler scored 50% for adult protection. Fiat Panda also performed badly in whiplash protection for rear seat passengers and also where chest protection for front seat occupants is concerned.

by | December 08, 2018 | 05:25

Among the many, many tributes to the life and legacy of former President George H.W. Bush, you may have seen people share the letter he left for his successor Bill Clinton on Inauguration Day 1993. Through his Points of Light initiative and other projects, he espoused a uniquely American volunteer spirit, fostering bipartisan support for citizen service and inspiring millions to embrace community volunteerism as a cherished responsibility.

by | December 08, 2018 | 03:50

Gundlach said the Fed will need to be especially careful in its choice of words when they meet this month to deliver on their promised rate hike. During an economic downturn, which is one reason why the yield curve inversion is spooking the market.

by | December 07, 2018 | 23:51

The White House on Monday had to correct a statement by economic adviser Larry Kudlow, who incorrectly told reporters in a conference call that the 90-day negotiating period between the US and China would begin on January 1 instead of December 1.

by | December 07, 2018 | 18:54

In a brief statement , the ministry said China would try to work quickly to implement specific items already agreed upon, as both sides "actively promote the work of negotiations within 90 days in accordance with a clear timetable and road map".