Business News

Purdue Pharma Asks Judge To Halt Opioid Lawsuits…

The OxyContin producer asked the judge to pause more than 2,600 lawsuits against the company and its owner, the Sackler family.

UK government urged to help save Thomas Cook…

The British government is being urged to step in and prevent Thomas Cook, one of the world's oldest and largest travel companies, from going bust

Goodbye, Three Mile Island: Remaining reactor…

The money-losing Three Mile Island, site of the United States' worst commercial nuclear power accident, has been shut down by its energy giant owner

California Gov. Gavin Newsom Signs Contract…

​Gov. Gavin Newsom signed Assembly Bill 5 into law on Wednesday after state legislators passed the bill last week.

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Fresh US-China trade worries erase early gains…

Stocks closed lower on Wall Street Friday after reports that a Chinese delegation cut short a visit to the U.S. fueled speculation that upcoming talks aimed at resolving the costly trade war between Washington and Beijing are in trouble

23 states sue Trump to keep California's auto…

Twenty-three states have sued to stop the Trump administration from revoking California's authority to set emission standards for cars and trucks

Federal Reserve Cuts Rates Amid Uncertain Global…

The Fed cut interest rates for the first time since the 2008 global downturn, and injected $75 billion into the economy to offset funding shortages.

Business Highlights

Microsoft: Free Windows 7 security updates for 2020 election

Microsoft will offer free security updates for users of soon-to-be outdated Windows 7 software through the 2020 election in the U.S. _ and in other interested democratic countries with national elections next year

How major US stock indexes fared Friday

Stocks finished lower on Wall Street Friday amid new concerns about the progress of trade talks between the U.S. and China

Fed announces plans to provide more support for…

Federal Reserve announces it will supplying infusions of cash into repo market in coming weeks

NBA teams approve stiffer penalties for tampering

NBA's board of governors unanimously approves proposal for tougher tampering penalties

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House intel chief says Facebook working on…

The head of the House Intelligence Committee says he believes Facebook is keenly aware of the threat from technologies that could help foreign actors disrupt next year's elections and is working on solutions.

Nurses, auto strikes may be signs of awakening US…

Registered nurses staged a one-day strike against Tenet Health hospitals in Florida, California and Arizona on Friday, demanding better working conditions and higher wages

Markets Right Now: Stocks fall on fresh trade worries

Stocks are finishing lower Friday on concerns about the progress of trade talks between the U.S. and China.

Saudis show media scorched, shrapnel-blasted oil…

Saudi Arabia has taken journalists to the site of a missile-and-drone strike on the kingdom's oil industry that shook global energy markets this week

Auto union strike is latest worry in Flint, GM's…

Picketing auto workers have surrounded the massive General Motors complex for nearly a week in Flint, the automaker's birthplace

House votes to end forced arbitration in business…

The House has approved a bill to end forced arbitration clauses that prevent workers and consumers from filing lawsuits in disputes with companies over employment practices, billing or civil rights

2 Federal Reserve officials highlight deep…

Two Fed officials who dissented from rate cut highlight the central bank's deep divisions

What makes Impossible meat possible? A "bloody…

An ingredient in Impossible burgers helps make them look and taste like meat

At least they're talking: EU, UK push on with…

British and EU negotiators have agreed to press on in search of an elusive Brexit deal, as Ireland's deputy leader warned that the two sides remain far apart despite an improvement in the 'mood music.'

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Germany's Commerzbank plans 4,300 job cuts in restructuring

Germany's Commerzbank AG says it is planning to cut 4,300 jobs and close some 200 branches as part of a restructuring that will also see its stake in Poland's mBank

Rogue oil trader hits Mitsubishi unit for $320 million

Storied trading house in Japan hit by rogue trader and $320 million in losses

Global stocks ending action-packed week solidly

Global stock markets traded in fairly narrow ranges on Friday at the end of a fairly eventful week