January 22, 2019

J&J, U.S. states settle hip implant claims for $120 million

Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s […]
January 22, 2019

Cloud, services fuel IBM’s profit beat, robust outlook; shares jump

IBM Corp beat analysts’ fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such […]
January 22, 2019

Wall Street drops as economic outlook, corporate forecasts sour

U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. Powered […]
January 22, 2019

Brazil’s Bolsonaro uses Davos speech to appeal to big business

Brazil’s new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos […]
January 22, 2019

PG&E shares surge as company secures $5.5 billion in bankruptcy financing

U.S. power producer PG&E Corp’s shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing […]
January 22, 2019

GM, facing losses in Brazil, seeks tax breaks in Sao Paulo state

General Motors Co’s Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at […]
January 22, 2019

Hedge funds push for overhaul at eBay

Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and are pushing for changes including the sale of some of the e-commerce […]
January 22, 2019

Carrefour confident over overhaul despite fourth-quarter ‘yellow vests’ hit

Carrefour said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of […]
January 22, 2019

Wall Street ends four-day rally as economic outlook, corporate forecasts sour

Wall Street ended its four-day rally on Tuesday as a gloomy global economic growth outlook and disappointing company forecasts dampened investor spirits at the height of […]
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