U.S. government experts, industry spar over asbestos testing in talc
For the first time in nearly 50 years, the U.S. Food and Drug Administration examined asbestos testing for talc powders and cosmetics at a hearing on Tuesday, after traces of the known carcinogen were found in several such products, including Johnson & Johnson’s Baby Powder.
Siemens to buy Iberdrola’s stake in Siemens Gamesa for 1.1 billion euros
Siemens is buying Iberdrola’s stake in Siemens Gamesa renewable energy , the German engineering company said, as it prepares to merge the business with its own energy unit ahead of a floatation later this year.
Google mum on hardware as it divulges revenue for other two big bets
Google Chief Executive Sundar Pichai over the last three years has touted the business prospects of what he has called “three of our biggest bets: YouTube, cloud and hardware.”
Great American Comeback? Trump’s economy has both boom and gloom
The United States is in its 11th year of a record-setting economic expansion, a fact that President Donald Trump is expected to highlight in his State of the Union speech to Congress on Tuesday.
Oil slides as demand fears outweigh hopes for bigger OPEC+ cuts
Oil prices edged lower on Tuesday as fears that energy demand would take a long-term hit from the coronavirus outbreak offset prospects for more cuts in crude production from OPEC and its allies.
Beat laments Uber’s Colombia departure, but will not hold back in its absence
Ride-hailing company Beat hopes rival Uber will return to Colombia, but meanwhile, it will capitalize on the void it left and try to fill it, the company said.
Shale pioneer John Hess says key U.S. fields starting to plateau
Shale pioneer John Hess said on Tuesday that key U.S. shale fields are starting to plateau, calling shale “important but not the next Saudi Arabia.”
Nasdaq hits record high as China stimulus soothes virus worries
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its best day in six months as fears of a heavy economic impact from the coronavirus epidemic tapered off after China’s central bank intervened for the second straight day.
Bombardier in talks to sell business-jet unit to Textron: WSJ
Canada’s Bombardier Inc is in talks to sell its business-jet unit to U.S. maker of Cessna jets, Textron Inc, the Wall Street Journal reported, citing people familiar with the matter.
Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal
The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role in Malaysia’s multi-billion-dollar 1MDB corruption scandal.
