Drug company founder, execs exploited patients to sell opioid: U.S. prosecutor
The founder of Insys Therapeutics Inc put profits over patient safety by bribing doctors to prescribe an addictive fentanyl spray, fueling the U.S. opioid epidemic, a federal prosecutor said on Thursday at the end of a landmark trial.
Stocks stall on trade talk uncertainty, German data hits euro
Global stocks held near the unchanged mark on Thursday, as investors looked for more detailed signs of progress in U.S.-China trade talks while disappointing economic data out of Germany knocked the euro.
Tesla’s Elon Musk, SEC ordered by U.S. judge to try to settle
A federal judge on Thursday ordered the U.S. Securities and Exchange Commission and Elon Musk to meet over the next two weeks to try to resolve matters underlying the regulator’s contempt motion against the Tesla Inc chief executive.
Elon Musk’s job at Tesla likely safe even if held in contempt in SEC case
Elon Musk may be able to keep his job as Tesla Inc’s chief executive even if found in contempt for a Twitter post that violated his recent fraud settlement with the U.S. Securities and Exchange Commission, a lawyer for the regulator suggested at a Thur…
Ethiopian crash report highlights sensors, software, leaves questions
Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month’s fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report.
Ethiopia inquiry shows Boeing MAX hurtling uncontrolled to disaster
(This April 4 story has been refilled to correctly say victim was Ralph Nader’s grand-niece, not niece)
U.S. conducted secret surveillance of China’s Huawei, prosecutors say
U.S. authorities gathered information about Huawei Technologies Co Ltd through secret surveillance that they plan to use in a case accusing the Chinese telecom equipment maker of sanctions-busting and bank fraud, prosecutors said on Thursday.
Boeing CEO says erroneous activation of MCAS software adds to pilots’ high workload
Boeing Co Chief Executive Officer Dennis Muilenburg said on Wednesday erroneous activation of so-called MCAS software in its grounded 737 MAX aircraft could increase pressure on pilots, while flying the plane.
S&P 500 edges higher with trade talks in focus
The benchmark S&P 500 stock index edged higher to reach near six-month highs on Thursday, with losses in technology stocks countered by gains in Boeing Co and Facebook Inc as investors waited for more clarity on the U.S.-China trade talks.
Three suitors circle Italy’s Cavalli as it seeks creditor protection
Three investors including Italian fashion entrepreneur Renzo Rosso are eyeing a possible bid for luxury label Roberto Cavalli, according to a document filed by the company with a court in Milan as it seeks breathing space from creditors.
