U.S. Justice Dept to appeal approval of AT&T acquisition of Time Warner
The U.S. Justice Department said on Thursday it would appeal a federal judge’s approval of AT&T Inc’s $85.4 billion acquisition of Time Warner, raising the prospect barely a month after the deal closed that it could be undone.
Walmart says not in talks to sell Seiyu supermarket
U.S. retailer Walmart Inc on Thursday said it has not decided to sell Japanese supermarket chain Seiyu and would continue to develop its business in Japan.
Jury orders J&J to pay $4.7 billion in Missouri asbestos cancer case
A Missouri jury on Thursday ordered Johnson & Johnson to pay a record $4.69 billion to 22 women who alleged the company’s talc-based products, including its baby powder, contain asbestos and caused them to develop ovarian cancer.
Iowa, Illinois investigating infections linked to McDonald’s salad
The Iowa and Illinois health departments said on Thursday that they were investigating cyclospora infections linked to salads at McDonald Corp’s restaurants.
EU, Mexico, Volkswagen among those to testify at U.S. import tariff hearing
The European Union, Japan, Canada, Mexico, along with automotive trade groups, Volkswagen AG , and the United Auto Workers union are among those scheduled to testify at a July 19 hearing on the Trump administration’s investigation into whether imported…
Beef, eggs, animal feed fatten Cargill’s profits
Strong global demand for beef and animal feed fattened grain trader Cargill Inc’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday.
Brent oil rises on concerns about spare capacity
Brent crude strengthened late on Thursday, recouping some of its losses from the previous session, as market focus returned to concerns about spare capacity following a warning from the International Energy Agency (IEA).
Wall Street bounces back; technology, industrials lead
U.S. stocks climbed on Thursday as top technology names hit record highs and industrials rebounded from losses driven by trade worries the day before.
Singapore’s GIC flags lower long-term returns in tough investment climate
Singapore sovereign wealth fund GIC has trimmed its exposure to developed market equities such as U.S. stocks over the past year on high valuations, and cautioned it expects lower long-term returns in an uncertain investment climate.
A decade on, pre-crisis mortgages linger for big banks, homeowners
A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth.
