J&J agrees to pay about $1 billion to resolve hip implant lawsuits: Bloomberg
Johnson & Johnson agreed to pay about $1 billion to resolve the bulk of lawsuits claiming the company sold defective metal-on-metal hip implants that ultimately had to be removed, Bloomberg reported on Tuesday, citing people with knowledge of the matter.
Allergan CEO says company is urgently looking at all options to boost share price
Allergan Plc Chief Executive Brent Saunders said on Tuesday that he and the board of directors were looking with a sense of urgency at all options to revive the Botox maker’s falling share price, but a lack of specifics failed to boost investor sentime…
Wall Street plunges on heightening U.S.-China trade worries
Wall Street’s main indexes tumbled more than 1 percent on Tuesday, as renewed worries over trade negotiations with China stoked global growth worries and kept investors away from risky assets.
Ex-Danske CEO Borgen charged over money laundering case: report
Danish prosecutors have charged Thomas Borgen, former chief executive of Danske Bank, over his involvement in one of the world’s biggest money laundering scandals, newspaper Borsen reported on Tuesday, citing his lawyer.
Trade worries weigh on shares, yields, oil prices
Concerns over relations between the United States and China slammed global equity markets, oil futures and U.S. Treasury yields on Tuesday as investors fretted about setbacks in trade talks between the world’s two biggest economies.
Apple teams up with SAP to help clients develop iPhone business apps
Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple’s machine-learning technology.
Iran says it is close to EU oil sales deal despite U.S. sanctions: report
Iranian Foreign Minister Mohammad Javad Zarif told Russian news agency RIA on Tuesday that Iran was close to an oil sales deal with the European Union, despite the sanctions which have been re-imposed by the United States.
Iraq close to signing $53 billion deal with Exxon, PetroChina; denies Iran link
Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.
GM’s Cruise gets $1.15 billion new cash from T. Rowe Price, SoftBank
General Motors Co’s majority-owned Cruise self-driving division said on Tuesday fund manager T. Rowe Price and a group of existing investors put down $1.15 billion in new equity, valuing the unit at $19 billion.
Mylan revenue misses on Morgantown plant issues, shares fall 8 percent
Mylan NV missed first-quarter revenue estimates on Tuesday, hurt by lower demand for its products and manufacturing problems at its Morgantown plant, sending its shares down nearly 8 percent.
