Business News

UPDATE 1-Judge summons drug company CEOs to discuss opioid settlement - source

Reuters Company News - 1 hour 15 min ago
The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.
Categories: Business News

CORRECTED-Judge summons drug company CEOs to court to discuss opioid settlement - source

Reuters Company News - 1 hour 19 min ago
The chief executives of the three largest U.S. drug distributors and a drugmaker have been summoned to appear before a federal judge to discuss a proposal to resolve thousands of lawsuits alleging they fueled the U.S. opioid crisis, a person familiar with the matter said on Thursday.
Categories: Business News

AT&T, Elliott in talks after activist campaign launched - sources

Reuters Company News - 1 hour 32 min ago
AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday.
Categories: Business News

USTR confirms U.S. tariffs to hit certain EU goods on Oct. 18

Reuters Company News - 1 hour 33 min ago
The U.S. Trade Representative's office told industry that its planned 10% and 25% tariffs on selected European Union goods would take effect as planned on Friday, after the World Trade Organization authorized the move this week.
Categories: Business News

PG&E noteholders, wildfire victims file formal reorganization plan

Reuters Company News - 1 hour 34 min ago
Noteholders of PG&E Corp and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all of its new shares.
Categories: Business News

Martin Luther King's daughter tells Facebook disinformation helped kill civil rights leader

Reuters Company News - 1 hour 35 min ago
Disinformation campaigns helped lead to the assassination of Martin Luther King, the daughter of the U.S. civil rights champion said on Thursday after the head of Facebook said social media should not factcheck political advertisements.
Categories: Business News

UPDATE 2-Brazil police kill three armed robbers making escape after airport heist

Reuters Company News - 1 hour 36 min ago
Brazilian police shot dead three suspected armed robbers who broke into an airport terminal and fled with cash on Thursday before blocking a highway by lighting trucks on fire and shooting at security guards and police.
Categories: Business News

UPDATE 2-AT&T's Xandr purchases TV advertising company clypd - source

Reuters Company News - 1 hour 36 min ago
AT&T Inc's advertising unit Xandr has purchased clypd, an advertising platform that uses data to better target ads on television, according to a source familiar with the matter, in a move toward Xandr's goal of making TV commercials as personally targeted as digital ads.
Categories: Business News

UPDATE 2-Brazil's Petrobras posts another major production boost

Reuters Company News - 1 hour 36 min ago
Brazilian state-run oil firm Petroleo Brasileiro SA posted a significant production boost in the third quarter, as heavy investments in its deepwater, pre-salt zone showed signs of paying off.
Categories: Business News

Banco do Brasil share offering raises $1.39 billion- sources

Reuters Company News - 1 hour 52 min ago
Brazilian state-controlled lender Banco do Brasil SA priced its shares at 44.05 reais in a secondary share offering, two sources with knowledge of the matter said.
Categories: Business News

Facebook's Libra cryptocurrency faces new hurdle from G7 nations

Reuters Company News - 2 hours 1 min ago
Facebook's plans to launch its Libra cryptocurrency faced a new hurdle on Thursday when the Group of Seven wealthy nations said such "stablecoins" should not be allowed to launch until the profound international risks they pose are addressed.
Categories: Business News

RPT-EXPLAINER-What makes Japanese hotelier Unizo attractive for Blackstone and Elliott?

Reuters Company News - 2 hours 16 min ago
Little-known hotelier Unizo Holdings Co Ltd has found itself the centre of private equity attention, with global names vying for the opportunity to buy into Japan's property market on the cheap.
Categories: Business News

Exxon, Trafigura tap lower shipping rates as U.S.-Asia arb reopens

Reuters Company News - 2 hours 21 min ago
U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia's ESPO Blend oil sent buyers back to U.S. grades, according to market sources.
Categories: Business News

Goldman wants traders to be more like dealmakers and coders

Reuters Biz News - 2 hours 28 min ago
Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: asking traders to be more like investment bankers.
Categories: Business News

Juul, Under Heavy Fire, Pulls Fruit-Flavored Pods From US

Wired RSS Feed - 2 hours 31 min ago
Vaping opponents criticize plan to continue selling the popular mint and menthol flavors. 
Categories: Business News

UPDATE 1-Goldman wants traders to be more like dealmakers and coders

Reuters Company News - 2 hours 32 min ago
Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: asking traders to be more like investment bankers.
Categories: Business News

Brazil's Petrobras reports major rise in Q3 production

Reuters Company News - 2 hours 44 min ago
Brazilian state-run oil firm Petroleo Brasileiro SA produced 2.878 million barrels of oil equivalent per day (boepd) in the third quarter, it announced on Thursday, up 14.6% from the same period a year earlier.
Categories: Business News

LeBron Will LeBron, but NBA Will Always Put Business First

Wired RSS Feed - 2 hours 48 min ago
In the past few weeks, the basketball star has faced criticism for his responses to the protests in Hong Kong.
Categories: Business News

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