Allergan sues Pfizer over costs of opioid litigation
Allergan Plc on Thursday sued Pfizer Inc to require its rival to cover any damages it is forced to pay as a result of hundreds of lawsuits claiming Allergan deceptively marketed an opioid it acquired from a company Pfizer bought.
Tesla shares surge as investors embrace cash comments, Musk apology
Shares of Tesla Inc jumped more than 12 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks.
Patience pays off for decades-long Apple shareholders
Donna Fenn bought shares of Apple Inc in the 1980s on the recommendation of a stockbroker a good friend of hers was dating. She’d heard of the company because its co-founder Steve Jobs had appeared on the cover of the magazine she worked for.
Apple hits $1 trillion mark, turns Nasdaq positive
Apple became the first U.S. company to top $1 trillion in market value on Thursday, leading a rebound in technology stocks that helped Wall Street pare losses and turned the Nasdaq positive.
Intensifying U.S.-China trade fight drags down stocks, bond yields
A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, prompting investors to shed risky assets in favor of safer ones amid uncertainty over future tariffs.
Kellogg margins hurt by cuts to snack prices, higher costs
Kellogg Co reported lower-than-expected quarterly profit margins on Thursday as the cereal maker spent more on marketing and transportation and had to cut prices on snack foods after it stopped distributing directly to U.S. retailers.
Apple says it has paid two-thirds of $15 billion Irish tax bill
IPhone maker Apple has to date paid two-thirds of the 13 billion euros ($15.1 billion) which EU antitrust regulators said it owes Ireland in back taxes, the company said in a regulatory filing late on Wednesday.
Tesla shares rise as investors embrace cash comments, Musk apology
Shares of Tesla Inc jumped 11 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks.
Financials weigh on Wall Street as tariff worries return
U.S. stocks fell on Thursday, weighed down by financials, as worries of a trade war between the United States and China were heightened after President Donald Trump proposed 25 percent tariffs on $200 billion worth of Chinese imports.
Blue Apron shares sink as customers ditch its meal-kits
Shares of Blue Apron Holdings Inc slumped over 23 percent on Thursday after the meal-kit delivery company’s second-quarter revenue came in below estimates as fewer customers signed up for its service.
