Category: Business

Johnson & Johnson receives federal subpoenas related to baby powder litigation – Channel NewsAsia

Johnson & Johnson receives federal subpoenas related to baby powder litigation - Channel NewsAsia

REUTERS: Johnson & Johnson said Wednesday it has received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission (SEC) related to litigation involving alleged asbestos contamination in its signature Baby Powder product line. The company said it intends to “cooperate fully with these inquiries and will continue to defend the Company in […]

What's Behind CVS Health's Fourth-Quarter Loss? – Motley Fool

What's Behind CVS Health's Fourth-Quarter Loss? - Motley Fool

When CVS Health (NYSE:CVS) reported its third-quarter earnings in early November, the big story really wasn’t about the results. Instead, investors were primarily focused on the pharmacy giant’s impending acquisition of Aetna. The acquisition was finalized only a few weeks later. CVS Health announced its fourth-quarter results before the market opened on Wednesday. The integration of Aetna into […]

American Firm, Citing Ethics Code, Won’t Sell Genetic Sequencers in Xinjiang – The Wall Street Journal

American Firm, Citing Ethics Code, Won’t Sell Genetic Sequencers in Xinjiang - The Wall Street Journal

Thermo Fisher Scientific Inc. said it will no longer be selling or servicing genetic sequencers in China’s Xinjiang region, following mounting criticism that its products were used for state surveillance of citizens there that enabled human rights abuses. The Waltham, Mass.-based company said Wednesday the decision to stop supporting customers of its human identification technology […]

Fed official says rates are in 'a good place' – CNN

Fed official says rates are in 'a good place' - CNN

After gradually hiking rates beginning in December 2015, the US central bank backed off in January, raising questions about whether policymakers were worried they’d overcorrected — or were bowing to political pressure from President Donald Trump, who has broken precedent by openly voicing his displeasure about rate hikes and personally attacking the Federal Reserve chairman […]

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