California judge tosses $417 million talc cancer verdict against Johnson & Johnson
(Reuters) – A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson’s Baby Powder for feminine hygiene.
Tesla raises borrowing capacity for car leases to $1.1 billion
(Reuters) – Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.
GE vows $20 billion asset sales, ‘sweeping change’ as profit falls
NEW YORK (Reuters) – General Electric Co’s new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called “horrible” results in the third quarter.
Tesla raises borrowing capacity under warehouse agreements to $1.1 billion
(Reuters) – Tesla Inc said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan.
Snap lays off 18 employees in recruiting division
SAN FRANCISCO (Reuters) – Social media company Snap Inc said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc…
Wall Street hits record highs; tax plan hopes fuel optimism
NEW YORK (Reuters) – U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump’s tax-cut plan may move forward.
Stock market’s future in Trump’s hands as Federal Reserve chair pick looms
NEW YORK (Reuters) – Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years.
Bitcoin soars to record high above $6,000
NEW YORK (Reuters) – Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole sl…
Nestle CEO praised by Third Point but hedge fund still wants more
LONDON/BOSTON (Reuters) – Nine months into leading the world’s biggest packaged food company, Nestle SA Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more w…
Consumer Reports says Tesla misunderstands ‘positive’ Model 3 rating
DETROIT (Reuters) – Consumer Reports said on Friday that Tesla Inc had apparently misunderstood the “average” reliability rating the magazine assigned to the electric carmaker’s Model 3 sedan this week, calling it generally “positive” for an all-new v…
