TRENTON, N.J. – New Jersey is suing the company that manufactures OxyContin, claiming a “direct link” between the state’s opioid crisis and the firm’s deceptive marketing practices. Continue Reading Below State Attorney General Christopher Porrino says the five-count lawsuit against Connecticut-based Purdue Pharma and two of its entities was filed […]
FOX Business News
Rockwell Automation rejects unsolicited bid from Emerson
NEW YORK – Rockwell Automation is rejecting an unsolicited takeover bid from Emerson Electric, saying it’s not in the company’s best interests. Continue Reading Below Following media reports of a deal that sent its stock soaring, the Milwaukee industrial automation company confirmed Tuesday that it received two offers. Shares of […]
Dow, S&P poised to finish record setting month with a bang
U.S. stock indices were on track Tuesday to post yet another advance, even after they set multiple records in October. Continue Reading Below The Dow Jones Industrial Average looked set to finish October with a more than 4% monthly advance, the S&P 500 with about a 2% advance and the […]
Royal Jordanian turning a profit after ‘years of losses’
AMMAN, Jordan – Royal Jordanian turned a net profit in the first nine months of this year, after “many years of losses,” its new CEO said Tuesday, as he presented a multi-year plan to turn the national carrier into the No. 1 airline in the Levant. Continue Reading Below Stefan […]
Top aides to push for tax plan while Trump is in Asia
WASHINGTON – Top White House aides, including Ivanka Trump, will be lobbying in the U.S. for a tax overhaul while President Donald Trump is traveling in Asia. Continue Reading Below A White House official says Treasury Secretary Steven Mnuchin, Director of the National Economic Council Gary Cohn and White House […]
UK payments to EU are half sum touted by Brexit advocates
LONDON – Britain’s statistics agency says the country’s contribution to the European Union’s coffers last year was around half the amount some advocates of Brexit claimed during last year’s referendum. Continue Reading Below The Office for National Statistics said Tuesday that Britain’s net transfer to the EU in 2016 was […]
US home prices rose in August even as sales slipped
WASHINGTON (AP) — U.S. home prices rose sharply in August from a year ago, a trend that is thwarting many would-be buyers and potentially slowing sales. Continue Reading Below The Standard & Poor’s CoreLogic Case-Shiller national home price index increased 6.1 percent in August from a year earlier. That’s higher […]
Mastercard’s quarterly profit rises 21%
Oct 31 (Reuters) – Mastercard Inc. (MA), the world’s second-biggest payments network, reported a 21 percent rise in quarterly profit on Tuesday as consumers spent more globally and it fought for market share over other payment channels. Continue Reading Below Net income rose to $1.43 billion or $1.34 per share […]
Burberry’s Christopher Bailey to leave iconic British brand
LONDON – Designer Christopher Bailey, who was replaced as Burberry chief executive earlier this year, will leave the British brand in 2018, ending a 17-year stint in which he helped transform a company once known mainly for trench coats into a global luxury icon. Continue Reading Below Bailey added the […]
Pfizer beats 3Q net forecasts on lower charges, higher sales
NEW YORK – Pfizer doubled its third-quarter profit, on a combination of slightly higher sales, lower one-time charges and reduced spending on production and administration. The drug giant edged past Wall Street’s profit expectations and improved its 2017 financial forecast. Continue Reading Below The maker of Viagra and pain treatment […]