Judge partly vacates convictions of opioid maker Insys’ founder, executives
A federal judge on Tuesday partially overturned the convictions of Insys Therapeutics Inc’s founder and three former executives accused of bribing doctors to prescribe an addictive opioid, but declined to disturb the remainder of the jury’s verdict.
Oil dips after U.S. stock build; U.S.-China deal hopes support
Oil fell on Wednesday after an industry report showed an unexpected build in U.S. crude inventories, but optimism around the signing of the first phase of a U.S.-China trade deal capped a deeper slide in prices.
Asian shares climb on prospects of trade progress, low rates
Asian shares ticked higher on Wednesday as more upbeat signals from Sino-U.S. trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing U.S. economy.
Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: FT
The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge o…
Australia’s Westpac cut from home-loan scheme as scandal fallout spreads: The Australian
Australia’s Westpac Banking Corp lost a bid to supply loans to a government home-deposit assistance scheme in a blow to its main income generator as it battles a money-laundering scandal, The Australian newspaper reported on Wednesday.
U.S., Canadian and Mexican representatives to meet on Wednesday: Politico
U.S., Canadian and Mexican representatives are set to meet in Washington on Wednesday to discuss the trade deal to replace the North American Free Trade Agreement, Politico reported on Tuesday, citing people familiar with the plans.
Musk won’t settle ‘pedo guy’ defamation lawsuit, lawyer says
An attorney for Elon Musk, the billionaire CEO of electric car maker Tesla, said on Tuesday that his client had no intention of settling a defamation suit brought by a British cave explorer before the case goes to trial on Dec. 3.
Dell cuts full-year revenue forecast on PC chip shortage
Dell Technologies Inc cut its full-year revenue forecast on Tuesday as its PC business grapples with a shortage of chips from Intel Corp , sending its shares down nearly 5% in extended trading.
Exclusive: Hedge fund Citadel’s commodities business up about $1 billion for the year – sources
Citadel’s commodities investments are up at least $1 billion for the year, according to three sources familiar with the matter, helping to drive strong overall performance at one of the world’s largest hedge funds.
U.S. prosecutors open criminal probe of opioid makers, distributors
Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare crisis, according to regulatory filings.
