Mylan NV will pay a $30 million civil fine to settle U.S. Securities and Exchange Commission charges it concealed a possible loss related to a federal probe on whether it overcharged Medicaid by hundreds of millions of dollars for sales of its EpiPen Auto-Injector.
Boeing Chief Executive Dennis Muilenburg has agreed to testify before Congress next month on the grounded 737 MAX that was involved in two fatal crashes that killed 346 people, a U.S. House of Representatives committee and the company said on Friday.
The U.S. Securities and Exchange Commission on Friday sued Mylan NV , accusing it of failing to timely disclose a possible loss related to a Department of Justice probe into whether the company overcharged Medicaid by hundreds of millions of dollars for sales of the EpiPen Auto-Injector.
The United States and European Union are edging closer to a tit-for-tat tariff war over aircraft subsidies as a 15-year-old dispute at the World Trade Organization reaches its climax.
Oil prices fell on Friday and were heading for a weekly loss on a faster than expected recovery in Saudi output while slowing Chinese economic growth dampens the demand outlook.
Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said on Friday, as they leverage their scale to better compete in developing new vehicle technologies.
Boeing Chief Executive Dennis Muilenburg has agreed to testify before Congress next month on the now grounded 737 MAX that was involved in two fatal crashes that killed 346 people, a U.S. House Committee said on Friday.
Italy’s Tod’s appointed a former Google executive as chief digital and innovation officer to ramp up its ongoing digital transformation, the shoes and leather goods company said on Friday.
U.S. consumer spending barely rose in August and business investment remained weak, suggesting the economy was losing momentum as trade tensions linger.
U.S. stocks opened higher on Friday as financials rose but the S&P 500 and Nasdaq may still end a volatile week in the red as the shock of the launch of an impeachment investigation into President Donald Trump offsets positive cues on trade.
Shares in LATAM Airlines Group surged more than 30% at the market open on Friday, the day after Delta Air Lines said it would buy a 20% stake in the company for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier’s ties with American Airlines.
U.S. stock markets were set to gain on Friday but the S&P 500 and Nasdaq may still end a volatile week in the red as the shock of the launch of an impeachment investigation into President Donald Trump counters hopes of progress with China on trade.
It’s no longer a probability, it’s a reality: the escalating U.S.-China trade war and the strengthening dollar appear to be inflicting measurable damage on U.S. goods makers that rely on global markets.
Wells Fargo & Co named banking veteran Charles Scharf as chief executive officer on Friday, the lender’s third CEO since a wide-ranging sales scandal erupted three years ago.
U.S. stock markets were set to gain on Friday but still looked on course to end the week in negative territory as the shock of the launch of an impeachment investigation into President Trump was countered by hopes for progress with China on trade.
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