J&J loses bid to have $4.7 billion talc verdict set aside
Johnson & Johnson failed to persuade a Missouri trial judge to set aside a verdict awarding a record $4.69 billion to 22 women who blamed their ovarian cancer on asbestos in the company’s Baby Powder and other talc products.
U.S. imposes fresh Russia-related sanctions: Treasury
The United States imposed fresh Russia-related sanctions on Wednesday, adding to a blacklist created in April to punish individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 U.S. presidential election.
Wall Street gains ahead of Fed interest rate decision
U.S. stocks rose more than 1 percent to session highs on Wednesday, ahead of a much-awaited Federal Reserve announcement that investors hope will point to a more moderate pace of future interest rate hikes and spark a year-end rally.
Exclusive: Russia’s Deripaska prepares to cede control of Rusal, En+ – sources
Russian tycoon Oleg Deripaska is preparing to cede control of Rusal and its parent En+ , moving part of his En+ stake to a blind trust, as talks with the United States on lifting sanctions advance, three sources familiar with the talks said.
Buffett profits as venture into Canadian mortgage business ends
Billionaire investor Warren Buffett is getting out of the Canadian mortgage business after a nifty trade that helped a company that had been on the ropes.
Exclusive: Oil giant Exxon secured U.S. hardship waiver from biofuel laws – sources
The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three sources familiar with the matter told Reuters.
Payments company Square to re-apply for a bank license
Square Inc , the payments company led by Twitter Inc chief executive Jack Dorsey, is refiling its application with U.S. state and federal regulators for a bank license, the company said on Wednesday.
Data problems complicate U.S. regulator’s watch over ratings firms
A decade since the global financial crisis, the U.S. securities regulator is still struggling to get a grip on the country’s rating agencies because it lacks the tools and expertise needed to crunch growing reams of ratings data, people familiar with t…
Washington, D.C. sues Facebook over Cambridge Analytica’s data use
The attorney general for Washington, D.C. said on Wednesday the nation’s capital city had sued Facebook over the scandal that broke earlier this year involving Cambridge Analytica’s use of data from the social-media giant.
In Asia, nascent men’s make-up market starts drawing big brands
From an eye shadow that opens with the flick of a thumb, Zippo-style, to a barely-there foundation in subtle blue-gray packaging: men’s make-up is getting a makeover as manufacturers bid to take it more mainstream.
