Amazon.com on pace to break sales record for ‘Prime Day’
(Reuters) – Amazon.com Inc said on Tuesday its Prime Day sale was on track to be the biggest shopping event in its history by sales.
U.S. State Dept OKs possible sale to Romania of Patriot missile system
WASHINGTON (Reuters) – The U.S. State Department has approved the possible sale of Patriot missile defense systems worth $3.9 billion to Romania, a Pentagon agency said in a statement on Tuesday.
Mallinckrodt settles U.S. opioid drug probe for $35 million
(Reuters) – Mallinckrodt Plc , one of the largest manufacturers of the generic opioid painkiller oxycodone, will pay $35 million to resolve allegations that the company failed to report suspicious drug orders, the U.S. Justice Department said on Tuesda…
U.S. EPA chief says to treat diesel emissions cheating ‘very aggressively’
WASHINGTON (Reuters) – U.S. Environmental Protection Agency chief Scott Pruitt said the agency must ensure Volkswagen AG’s excess diesel emissions is not repeated, and will treat improper behavior by automakers “very aggressively.”
HSBC, UBS settle U.S. rate-rigging litigation; 10 banks’ total payout tops $408 million
NEW YORK (Reuters) – HSBC Holdings Plc and UBS Group AG have each agreed to pay $14 million to settle private U.S. litigation accusing them of rigging an interest rate benchmark used in the $483 trillion derivatives market.
Get on Twitter, @Lagarde tells policymakers
DUBROVNIK, Croatia (Reuters) – How do you explain the European Central Bank’s capital key in 140 characters? Or the U.S. Federal Reserve’s dot plot?
U.S. says 2.7 million additional Takata air bag inflators to be recalled
WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said Tuesday that new testing is prompting Takata Corp to declare 2.7 million air bag inflators defective in Ford Motor Co , Nissan Motor Co and Mazda Motor Corp vehicles…
FDIC may revive three U.S. bank lawsuits over soured mortgage debt
NEW YORK (Reuters) – A federal judge granted the FDIC permission to revive lawsuits against Citigroup Inc , Bank of New York Mellon Corp and U.S. Bancorp that he had dismissed last September, to recoup more than $695 million of losses on soured mortg…
Exxon blocked from enforcing Venezuela arbitration award: U.S. appeals court
NEW YORK (Reuters) – A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a large international arbitration award against Venezuela stemming from an asset seizure in 2007, when the country was nationalizing its oil industry.
Giving up the ghost: investors bail on Snap
While that is the premise of Snap Inc’s popular messaging platform, investors also saw any gains from its red-hot IPO disappear when shares plunged far below their initial sale price on Tuesday.
