Opioid makers paid millions to advocacy groups: U.S. Senate report
(Reuters) – Five opioid manufacturers including OxyContin maker Purdue Pharma LP have paid more than $10 million to advocacy groups and doctors tied to them, many of whom amplified industry messages supporting the use of the painkillers, a U.S. Senate …
Lawsuit claims Steven A. Cohen’s investment firm Point72 is hostile to women
NEW YORK (Reuters) – A female executive at billionaire Steven A. Cohen’s Point72 Asset Management on Monday filed a lawsuit accusing the fund management firm of operating as a “boys’ club” where women are subjected to a hostile working environment, pai…
Weinstein Co deal should include more funds for victims: New York AG
NEW YORK (Reuters) – New York’s attorney general said on Monday a deal for the Weinstein Company should include a bigger compensation fund for victims of ex-chairman Harvey Weinstein, speaking a day after the state’s lawsuit scuttled a deal.
Trump’s consumer watchdog says will limit agency’s powers
WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) will pull back its activities and seek to promote a free market for financial services, the agency said on Monday.
U.S. investment adviser gets prison for insider trading on Pfizer-King deal
NEW YORK (Reuters) – A Long Island, New York, investment adviser was sentenced to six months in prison on Monday after he pleaded guilty to insider trading in connection with Pfizer Inc’s $3.6 billion acquisition of King Pharmaceuticals Inc.
Wall Street bounces back after tumultuous week
(Reuters) – Wall Street’s three major indexes rebounded on Monday with broad-based gains as investors regained some confidence after U.S. equities’ biggest weekly drop in two years, but strategists stopped short of calling an end to the market pullback…
Volkswagen Chairman sees no reason to question CEO position
LINZ, Austria (Reuters) – Volkswagen Chairman Hans Dieter Poetsch said on Monday there is no reason to question the position of the carmaker’s top executive.
Ford expands ‘Do Not Drive’ warning to 33,000 more pickup trucks
WASHINGTON (Reuters) – Ford Motor Co on Monday warned an additional 33,000 owners of older pickup trucks in North America to stop driving them until potentially defective Takata Corp air bag inflators can be repaired.
Amazon cutting hundreds of Seattle jobs in its consumer business: source
(Reuters) – Amazon.com Inc is cutting hundreds of jobs in its consumer business in Seattle, a person familiar with the matter said on Monday, as the company shifts resources into fast-growing areas like its work on voice assistant Alexa.
Wall Street gains for second straight day after tumultuous week
(Reuters) – Technology and financial shares led Wall Street’s main indexes higher for a second straight session on Monday, with steady bond yields and volatility also helping the stock market bounce back from its worst week in two years.
