BAC

CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N), Walgreens Boots Alliance Inc (WBA.O) and Walmart Inc (WMT.N) have agreed to pay around $13.8 billion to solve thousands of state governments , local and US tribal lawsuits accusing drugstore chains of mishandling opioid painkillers. CVS said Wednesday it agreed to pay about $5 billion over 10 …

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J&J buys heart pump maker Abiomed for $16.6 billion before consumer health fallout

J&J buys heart pump maker Abiomed for $16.6 billion before consumer health fallout

Nov 1 (Reuters) – Johnson & Johnson (JNJ.N) said on Tuesday it had reached an agreement to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, in a bid to boost the growth of its medical devices unit after the planned spin-off of the consumer healthcare business next year. J&J agreed to …

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Toyota cuts production target amid chip slump as profits fall 25%

Toyota cuts production target amid chip slump as profits fall 25%

Q2 profit of 562.7 yen mv vs. 772.2 yen mth forecast Reduced production target for the year to 9.2 million units from 9.7 million It’s unclear when the chip shortage will end – executive Results ‘very unimpressive’ given positive factors – analyst Shares end down 1.9%, benchmark Nikkei up 0.3% TOKYO, Nov 1 (Reuters) – …

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Exxon's record third-quarter profit nearly matches Apple's

Exxon’s record third-quarter profit nearly matches Apple’s

Oil company smashes Wall Street forecast with $19.7 billion profit Exxon’s fossil fuel bets eclipse rivals Shell and TotalEnergies Company forecasts stable oil production this year on Russia’s losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) beat expectations on Friday as soaring energy prices generated record quarterly profit nearly matching that of tech …

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Musk starts his Twitter ownership with layoffs, says 'the bird is free'

Musk starts his Twitter ownership with layoffs, says ‘the bird is free’

Musk says ‘the bird is free’ after $44 billion deal Musk fires Twitter CEO, CFO and chief policy officer Some Twitter users are signaling their willingness to walk away Survey shows employee concerns at work EU warns: ‘This bird will fly by our rules’ Oct 28 (Reuters) – Elon Musk has taken over Twitter Inc …

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S&P 500, Nasdaq slip as Dow ends higher on mixed earnings picture

S&P 500, Nasdaq slip as Dow ends higher on mixed earnings picture

Caterpillar and McDonald’s win on earnings US economic growth rebounds in Q3 Meta plunges on weak forecast Amazon slumps after bell following weak report Dow up 0.61%, Nasdaq down 1.63%, S&P down 0.61% NEW YORK, Oct 27 (Reuters) – The S&P 500 and Nasdaq posted losses on Thursday as investors faced strong economic data and …

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Credit Suisse seeks billions from investors in landmark overhaul

Credit Suisse seeks billions from investors in landmark overhaul

ZURICH, Oct 27 (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking to clients rich, while the bank tries to put years of scandals behind this. The Swiss lender on Thursday described what its chairman Axel Lehmann called …

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Exclusive: Tesla faces US criminal investigation over self-driving allegations

Exclusive: Tesla faces US criminal investigation over self-driving allegations

Oct. 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States for allegations that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice last year launched an undisclosed investigation into more than a dozen crashes, some of them fatal, involving Tesla’s Autopilot …

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In 'unprecedented' global meltdown, SK Hynix halves investment as recession looms

In ‘unprecedented’ global meltdown, SK Hynix halves investment as recession looms

Reduction in investments comparable to the financial crisis of 2008-09 Q3 profit plunges 60%, misses estimates Inflation and gloomy economic outlook weigh on demand SEOUL, Oct 26 (Reuters) – South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in demand for memory chips, heightening fears of a global recession, and said …

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