Exxon, New York prosecutors face off in climate change fraud trial
A lawyer for New York’s attorney general on Tuesday told a state judge Exxon Mobil Corp used two sets of books to hide the true cost of climate change regulations from investors, while an attorney for the oil major assailed the claims as false and pol…
Biogen resurrects Alzheimer’s drug; shares jump 27%
Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer’s treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients suffering from the dise…
Former UAW official pleads guilty to federal charges
A former top official of the United Auto Workers union pleaded guilty on Tuesday to federal charges of financial misconduct while about 48,000 UAW members voted on whether to end a nearly five-week walkout at GM.
Pound, stocks slip as lawmakers reject Brexit law timetable
The pound weakened and stocks on world markets declined on Tuesday after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify its deal to exit the European Union.
Nike CEO Mark Parker to step down, John Donahoe to take over
Nike Inc’s long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud computing firm ServiceNow Inc , the footwear and apparel maker said on Tuesday.
Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell
Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.
Pound, stocks slip; lawmakers reject Brexit law timetable
Stocks on world markets declined, with the S&P 500 turning lower, and the pound weakened on Tuesday after British lawmakers rejected the government’s proposed timetable for passing legislation to ratify a deal over Britain’s exit from the European Union.
Intel files antitrust case against SoftBank-backed firm over patent practices
Chipmaker Intel Corp has filed an antitrust lawsuit against a SoftBank Group Corp-owned investment company alleging the firm stockpiled patents to hold up technology companies with numerous lawsuits.
U.S. business borrowing for equipment rises 18% in September: ELFA
U.S. companies’ borrowing to spend on capital investments rose 18% in September from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.
Air New Zealand to start non-stop Auckland to New York route in 2020
Air New Zealand Ltd said on Wednesday it will launch a non-stop flight service between Auckland and New York in October 2020, in a bid to take advantage of strong visitor growth from North America.
