Wall Street drops over 1.5 percent as global growth worries resurface
U.S. stocks tumbled over 1.5 percent on Tuesday on concerns of global growth after the International Monetary Fund cut its growth forecast, China reported a sharp slowdown and a few U.S. companies gave disappointing earnings outlooks.
Brexit backer Dyson moves vacuum giant’s HQ to Singapore
James Dyson, the billionaire Brexit supporter who revolutionized vacuum cleaners with his bagless technology, is moving his head office to Singapore from Britain to be closer to his company’s fastest-growing markets.
U.S. home sales hit three-year low, prices rise slowly
U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market.
J&J forecasts disappointing 2019 sales, defends talc safety
Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts’ estimates and said it expected further pressure on U.S. prescription drug prices, weighing on the broader pharmaceutical sector.
J&J, U.S. states settle hip implant claims for $120 million
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants.
Canada has not asked U.S. to drop case of Huawei’s Meng: Freeland
Canada has not asked the United States to abandon its bid to have Huawei executive Meng Wanzhou extradited, Canada’s Foreign Minister Chrystia Freeland said on Tuesday in an interview with Bloomberg TV.
BMW and Daimler to name ride-hailing venture ‘Jurbey’: source
German companies BMW and Daimler will name their combined ride-hailing and car-sharing firm “Jurbey”, a source familiar with the matter said on Tuesday.
Johnson & Johnson, U.S. states settle hip implant claims for $120 million
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants.
Hedge funds push for overhaul at eBay
Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc and are pushing for changes including the sale of some of the e-commerce company’s businesses.
French protests weigh on Carrefour fourth-quarter hypermarket sales
Carrefour , Europe’s largest retailer, said on Tuesday that sales growth slightly slowed in the fourth quarter, as 10 weeks of anti-government protests weighed on hypermarket sales in its core French market.
