December 20, 2018

Oil rebounds from rout on signs of strong product demand

Oil prices rose on Wednesday, recovering somewhat from a sharp selloff during the previous session, after U.S. data showed strong demand for refined products. Powered by […]
December 20, 2018

Exclusive: Big Pharma returning to U.S. price hikes in January after pause

Novartis AG and Bayer AG are among nearly 30 drugmakers that have taken steps to raise the U.S. prices of their medicines in January, ending a […]
December 19, 2018

After Fed selloff, is a U.S. bear market next?

    U.S. stocks took another body blow on Wednesday after the Federal Reserve raised interest rates again and the central bank chairman did not soften his […]
December 19, 2018

J&J loses bid to have $4.7 billion talc verdict set aside, vows to appeal

Johnson & Johnson failed to persuade a Missouri trial judge to set aside a July verdict awarding a record $4.69 billion to 22 women who blamed […]
December 19, 2018

Wall St. turns negative after Fed press conference

U.S. stocks fell on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary […]
December 19, 2018

El Sharara oilfield to reopen, Libyan government says

Libya’s biggest oilfield, El Sharara, will reopen, the country’s internationally recognized government said on Wednesday after Prime Minister Fayez al-Sarraj flew there to persuade protesters to […]
December 19, 2018

Exclusive: Exxon Mobil secured U.S. hardship waiver from biofuels laws – sources

The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, […]
December 19, 2018

Payments company Square to re-apply for a bank license

Square Inc , the payments company led by Twitter Inc chief executive Jack Dorsey, is refiling its application with U.S. state and federal regulators for a […]
December 19, 2018

Elon Musk unveils his first Los Angeles-area tunnel

Billionaire entrepreneur Elon Musk made a brief public appearance late on Tuesday to unveil the first tunnel completed by the underground transit venture he launched two […]
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