February 25, 2020

In first public results, Branson’s Virgin Galactic posts $73 million quarterly loss

Billionaire Richard Branson’s space tourism company, Virgin Galactic Holdings Inc , said on Tuesday its fourth-quarter net loss widened to $73 million from a year-ago loss […]
February 25, 2020

U.S. trade rep Lighthizer to meet British counterpart as allies gear up for talks

U.S. Trade Representative Robert Lighthizer will meet with Britain’s trade minister Liz Truss this week, British government officials said on Tuesday, as the two allies gear […]
February 25, 2020

Tesla and U.S. regulators strongly criticized over role of Autopilot in crash

The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called U.S. […]
February 25, 2020

Mallinckrodt agrees to $1.6 billion opioid settlement, unit to seek bankruptcy

Mallinckrodt Plc on Tuesday said it had agreed to a $1.6 billion settlement proposal in which its generic drug business would file for bankruptcy in order […]
February 25, 2020

Oil falls for third day as virus fears accelerate on U.S. warning

Crude prices fell about 3% on Tuesday, dropping for a third day, as concerns about the spread of the coronavirus grew after the U.S. government warned […]
February 25, 2020

Juul under scrutiny by 39 state attorneys general

A group of 39 state attorneys general on Tuesday announced an investigation into Juul Labs Inc’s marketing practices, adding to mounting legal and regulatory problems for […]
February 25, 2020

Facebook would have to pay $3.50 per month to U.S. users for sharing contact info: study

German Facebook users would want the social media platform to pay them about $8 per month for sharing their contact information, while U.S. users would only […]
February 25, 2020

Mallinckrodt agrees to $1.6 bln opioid settlement, unit to seek bankruptcy

Mallinckrodt Plc on Tuesday said it had agreed to a $1.6 billion settlement proposal in which its generic drug business would file bankruptcy in order to […]
February 25, 2020

JPMorgan raises clean energy spending goals, profit targets unchanged 

JPMorgan Chase & Co largely maintained its key profit goals for the medium term on Tuesday, signaling steady but slower growth, and raised its financial commitment […]
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