Paint makers reach $305 million settlement in California, ending marathon lead poisoning lawsuit
After a 19-year legal struggle, three former makers of lead paint have agreed to a $305 million settlement with California county and city governments to mitigate poisoning dangers still present in old housing.
Boeing to make $50 million in payments to 737 MAX crash victim families
Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created after two crashes of its 737 MAX planes to provide payments to families of those killed, with compensation expert Ken Feinberg hired by the world’s largest plane maker …
Wall Street falls as railroads slide after CSX signals trade impact
U.S. stock indexes retreated for the second day on Wednesday as weak results from CSX Corp pressured railroad stocks and highlighted the wide-ranging impact of the protracted trade war between the United States and China.
New man on the board to clean up Deutsche Bank’s act
The Qatari-backed lawyer tasked with trying to draw a line under Deutsche Bank’s regulatory scandals has risen rapidly at the German bank, jumping to the management board after three years as a “sparring partner” on the bank’s supervisory body.
Takeda kicks off sale of Western European drugs: sources
Japan’s Takeda Pharmaceutical Co has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.
Explainer: What is the EU’s antitrust investigation into Amazon about?
The European Commission has opened a formal antitrust investigation to assess whether Amazon’s use of sensitive data from independent retailers who sell on its marketplace is in breach of EU competition rules.
Trade concerns dent stocks; U.S. Treasury yields fall
A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell as trade concerns again began to bubble and U.S. earnings season picked up steam.
United says may not receive full delivery of 737 MAX by next year
United Airlines Holdings may not receive complete delivery of Boeing Co’s 737 MAX even by next year, Chief Financial Officer Gerry Laderman said on a conference call with investors, underscoring the uncertainty surrounding the aircraft’s return to se…
Abbott hits record high as diabetes device fuels profit beat
Abbott Laboratories beat analysts’ estimates for quarterly profit and lifted its full-year earnings forecast on Wednesday, boosted by a near 64% jump in sales of its blood sugar monitoring device.
Blue Apron beefs up menu with Beyond Meat, shares surge 35%
(This version of July 16th story corrects headline to show closing stock change)
