‘Pharma bro’ Shkreli to be held responsible for $10.4 million in losses: U.S. judge
NEW YORK (Reuters) – Former U.S. drug company executive Martin Shkreli will be held responsible for $10.4 million in financial losses when he is sentenced for defrauding investors, a federal judge ruled on Monday, rejecting his argument that he did not…
The Weinstein Company says it will file for bankruptcy
(Reuters) – The Weinstein Company said late on Sunday that the U.S. film studio, whose ex-chairman Harvey Weinstein has been accused of sexual harassment and assault, planned to file for bankruptcy in the coming days after talks to sell itself collapse…
Apple plans giant high-end iPhone, lower-priced model: Bloomberg
(Reuters) – Apple Inc is preparing to release three new smartphones later this year, Bloomberg reported on Monday, citing people familiar with the products.
U.S. new home sales hit 5-month low; supply highest since 2009
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is losing momentum.
U.S. Supreme Court justices skeptical of American Express merchant fees
WASHINGTON (Reuters) – Liberal U.S. Supreme Court justices on Monday sharply questioned American Express over restrictions the company places on merchants forbidding them from encouraging customers to use rival credit cards with lower fees, which seve…
U.S. Justice Department probing MiMedx’s business practices: Bloomberg
(Reuters) – Regenerative medicine maker MiMedx Group Inc is under federal investigation related to two business practices, Bloomberg reported on Monday, citing people familiar with the matter.
Technology, industrial shares boost Wall Street
(Reuters) – Gains in technology and industrial shares boosted Wall Street on Monday, with investors also awaiting Federal Reserve Chair Jerome Powell’s testimony for his views on the path of interest rate hikes.
China’s Geely raid on Daimler reignites German know-how fears
BERLIN/FRANKFURT (Reuters) – Automaker Geely’s purchase of a $9 billion stake in Mercedes maker Daimler rekindled fears in Germany on Monday of its highly-prized expertise falling into Chinese hands.
Buffett sets big goals for CEO of Bezos-Dimon health venture
NEW YORK (Reuters) – Warren Buffett on Monday said the healthcare company being set up by Berkshire Hathaway Inc , Amazon.com Inc and JPMorgan Chase & Co will within a year have a new chief executive officer, and set an aggressive goal to cut costs.
U.S. new home sales drop to five-month low in January
WASHINGTON (Reuters) – Sales of new U.S. single-family homes fell for a second straight month in January, weighed down by steep declines in the Northeast and South, which could raise concerns the housing market is slowing down.
