January 28, 2020

Exclusive: OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe – sources

OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from […]
January 28, 2020

AMD revenue forecast disappoints on weak console demand

Advanced Micro Devices Inc’s first-quarter revenue estimate came in largely below analysts’ estimates due to waning demand from gaming console makers, even as its data center […]
January 28, 2020

How Facebook thinks its independent oversight board should work

Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board’s […]
January 28, 2020

Facebook VP of engineering Jay Parikh says leaving company

Facebook’s vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking […]
January 28, 2020

Lordstown Motors pursuing $200 million U.S. retooling loan, will show EV truck at Detroit show: CEO

Electric pickup truck start-up Lordstown Motors is pursuing a $200 million loan from a U.S. Energy Department program to retool a former General Motors factory in […]
January 28, 2020

Oil edges up as stock markets rebound after virus-related selloff

Oil futures edged up on Tuesday after falling for five days, gaining support from a rebound in Wall Street stocks and talk that OPEC and its […]
January 28, 2020

Atlantia shares rise on hopes for truce with Italian government

Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government […]
January 28, 2020

Wall Street opens higher after Monday’s selloff

U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on concerns that […]
January 28, 2020

Lockheed Martin beats estimates, raises sales forecast on higher F-35 deliveries

Lockheed Martin Corp forecast 2020 revenue above analysts’ estimates on Tuesday, as the Pentagon’s No.1 weapons supplier’s late 2019 results benefited from better jet and missile […]
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