August 27, 2019

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid claims: sources

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 lawsuits against the company for $10 billion […]
August 27, 2019

Wall Street slips as financials drag, trade outlook clouds

Wall Street slipped on Tuesday, weighed down by financial stocks as a deepening of the Treasury yield curve inversion raised U.S. recession worries and uncertainty over […]
August 27, 2019

Ex-Google engineer charged with taking stolen self-driving secrets to Uber

The U.S. Department of Justice on Tuesday filed criminal charges accusing Anthony Levandowski, a pioneer in self-driving car technology, of stealing trade secrets from his former […]
August 27, 2019

Explainer: Ex-Google engineer faces severe penalties in self-driving trade secrets case

U.S. prosecutors on Tuesday brought a criminal case against a former high-ranking Google engineer, alleging he stole confidential technology from the company’s self-driving car unit before […]
August 27, 2019

Fed divided on policy, discount rate votes show

U.S. central bankers may have been more deeply divided than previously understood over the decision last month to cut interest rates for the first time in […]
August 27, 2019

Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

The U.S. central bank on Tuesday rejected a call from a former Federal Reserve policymaker to counter President Donald Trump’s trade agenda by refusing to “play […]
August 27, 2019

BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp

British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region […]
August 27, 2019

U.S. yield inversion deepens, stokes recession fears

The U.S. yield curve inversion deepened on Tuesday to levels not seen since 2007, rekindling fears of a looming recession that spurred a sell-off on Wall […]
August 27, 2019

SEC fines audit firm RSM $950,000 to settle independence violation claim

The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it fined public accounting firm RSM US LLP $950,000 to settle claims it violated the […]
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