US Business News

Redstone Trust Set Rules for Health Review

Related Link: 

Media mogul Sumner Redstone’s trust puts the decision on whether he is able to manage its assets in the hands of three doctors who could review the 92-year-old only after a vote by five of his associates and relatives.

U.S. Probes Possible Fraud Linked to Specialty Creams

Related Link: 

The Justice Department is investigating what authorities suspect is half a billion dollars in health-care fraud linked to specialty creams used to treat pain and other ailments, and believe an insurance program for veterans may have been the biggest victim.

Job Market Leaves Fed in Limbo

Related Link: 

The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.

Container Ship Remains Stuck in Elbe River

Related Link: 

One of the world’s biggest container ships, the 1,300-foot-long Indian Ocean, has run aground near the busy German port of Hamburg and so far has resisted all efforts to free it.

Volkswagen Postpones Earnings Announcement Amid Scandal

Related Link: 

Volkswagen said it would postpone publication of its 2015 results because of issues related to the auto maker’s emissions scandal.

Lions Gate Plummets Amid Lack of Earnings Guidance

Related Link: 

Lions Gate Entertainment’s stock plummeted 28% Friday to $18.18, potentially complicating discussions for the studio behind “The Hunger Games” to merge with premium cable channel Starz.

J&J, AbbVie Shares Drop on Potential Drug Competition

Related Link: 

Shares of AbbVie and Johnson & Johnson took a hit Friday after FDA briefing documents hinted a cheaper competitor for the drug companies’ blockbuster anti-inflammatory treatments could be headed to market soon.

Tyson Foods Projects Record Profits

Related Link: 

Tyson Foods projected record profits this year, boosted by growing consumer spending, increased meat supplies and low prices for animal feed.

Toyota Profit Edges Up as Weak Yen's Benefits Wear Off

Related Link: 

Toyota’s earnings showed net profit inching higher without help from currency moves, foreshadowing a shift likely to weigh on Japanese auto makers’ earnings this year.

Foxconn, Sharp to Sign Takeover Deal By End of February

Related Link: 

Foxconn Chairman Terry Gou said the Taiwanese iPhone assembler plans to seal a deal to buy troubled electronics provider Sharp by the end of the month, paving the way for one of the biggest foreign takeovers of a Japanese company.

Syndicate content