ViacomCBS to launch new streaming platform: CNBC
ViacomCBS is working on a streaming service that will build on CBS All Access, CNBC reported on Thursday, citing people familiar with the matter.
Jury orders Johnson & Johnson to pay $750 million in New Jersey talc case
Johnson & Johnson was ordered on Thursday by a New Jersey state jury to pay punitive damages of $750 million to four plaintiffs who allege that the company’s Baby Powder caused their cancer, a ruling that will be reduced to around $185 million because of state laws, according to a lawyer for the plaintiffs and the company.
Aurora Cannabis to take C$1 billion in charges, cuts 500 jobs as CEO exits
Aurora Cannabis said Chief Executive Terry Booth will retire and Executive Chairman Michael Singer become interim CEO as the beleaguered marijuana producer announced C$1 billion ($752.79 million) in impairment charges on Thursday.
Intercontinental Exchange abandons deal talks with eBay
New York Stock Exchange owner Intercontinental Exchange Inc (ICE) said it had decided to stop exploring deal options with eBay Inc , just hours after its chief executive said he would “love” to speak with the e-commerce company.
Hedge fund Elliott Management builds stake in SoftBank: sources
Hedge fund Elliott Management Corp, one of the world’s most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and is pushing for changes to boost the Japanese conglomerate’s value, people familiar with the matte…
Uber sees profit by end of 2020, ahead of previous target
Uber Technologies Inc on Thursday moved forward by a year its target to achieve profitability on an adjusted basis to the fourth quarter of 2020, sending its shares up 5% in after-hours trading.
Aurora Cannabis CEO steps down, company cuts 500 jobs
Aurora Cannabis co-founder and Chief Executive Terry Booth will retire and step down from the marijuana producer, with Executive Chairman Michael Singer becoming interim CEO, the company said in a statement on Thursday.
Toyota to make more pickup trucks at Mexican plant in shift from U.S.
Toyota Motor Corp will ramp up production at its new Mexican plant to 100,000 vehicles a year by 2021 in a major step to shift production of its popular mid-size Tacoma pickup truck to Mexico from the United States, the company said on Thursday.
Fed includes ‘heightened stress’ in leveraged loans in 2020 bank stress tests
Large banks with significant trading operations will have their finances tested in 2020 against a scenario that includes “heightened stress” in leveraged loans, the Federal Reserve announced on Thursday.
On shareholder vote reforms, BlackRock sits on the fence
BlackRock Inc declined to back or reject a regulatory proposal to reform the shareholder resolution process in a long-awaited letter distributed on Thursday, seeking instead a middle ground on a hotly contested, politicized issue.
