Lyft raises IPO price target as investor fret over missing out
Lyft Inc on Wednesday raised the price range for its initial public offering, as investors looked past the ride-hailing startup’s mounting losses to the company’s growing market share against larger rival Uber Technologies Inc.
U.S. jury says Bayer must pay $81 million to man in Roundup cancer trial
A U.S. jury on Wednesday awarded $81 million to a man who claimed his use of Bayer AG’s glyphosate-based weed killer Roundup caused his cancer, in the latest legal setback for the company facing thousands of similar lawsuits.
J&J settles three mesothelioma talc cases-plaintiffs’ lawyer
Johnson & Johnson has settled three cases brought by plaintiffs who claimed asbestos in the company’s talcum-based products caused mesothelioma, an attorney for the plaintiffs’ said on Wednesday.
U.S. starts anti-dumping probe of wooden cabinets imported from China
The U.S. Commerce Department said on Wednesday it had initiated an anti-dumping duty and countervailing duty investigation of wooden cabinets and vanities imported from China to determine whether they are being dumped on the U.S. market.
Lyft raises price target as investors fear missing out on biggest IPO in years
Lyft Inc on Wednesday raised the price range for its initial public offering to between $70 and $72 per share, meaning the ride-hailing company is now targeting a valuation of up to $24.3 billion.
U.S. FAA says handling aircraft approval on its own would cost $1.8 billion
It would cost $1.8 billion and take 10,000 new employees for the U.S. aviation regulator to handle all aircraft certification internally, the agency’s acting chief told a Senate panel on Wednesday, facing tough questions after two Boeing 737 MAX crashe…
Wall Street ends down as Treasury yields fall on slowdown worries
U.S. stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a U.S. economic slowdown.
Office Depot, Support.com pay $35 million to settle FTC allegations
Retailer Office Depot Inc and software firm Support.com Inc have agreed to pay $35 million to settle U.S. Federal Trade Commission allegations the companies tricked consumers into buying computer repair services, the agency said on Wednesday.
Boeing rolls out software fix to defend 737 MAX franchise, awaits U.S. regulator’s approval
Boeing Co on Wednesday took its most aggressive moves yet to defend its core 737 airliner franchise, saying it had developed software fixes to prevent failures of an automated flight control system that is being scrutinized after two deadly crashes in …
Swedish authorities widen Swedbank inquiry to include suspected fraud
Sweden’s Economic Crime Authority (EBM) widened its Swedbank investigation to include suspected fraud following a raid on Wednesday on the Swedish bank’s headquarters in an inquiry into its handling of money laundering allegations.
