By Brendan Pierson (Reuters) -The first scheduled trial over claims that GSK Plc’s heartburn drug Zantac caused cancer, which had been set to begin Monday, has been postponed by five months. The case, brought by California resident James Goetz in Alameda County Superior Court, is now expected to go to trial July 24, according to …
First Zantac cancer risk trial in Calif. postponed five months Read More »
By Doyinsola Oladipo NEW YORK (Reuters) – Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. Several big names in the travel and leisure industry, including …
U.S. travel companies experience high demand but economic worries cloud outlook Read More »
(Reuters) -Shares of Beyond Meat Inc surged 19% in early trading on Friday as the plant-based meat maker’s results indicated that its cost-control measures were finally bearing fruit. Beyond Meat’s shares, which were trading at $20.42, had slumped about 65% in the past twelve months, hammered by a string of downbeat results and forecast cuts …
Beyond Meat shares surge as cost controls bear fruit Read More »
SANTIAGO (Reuters) – Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal policy and public debt, the Finance Ministry said on Thursday. “The insurance would allow Chile to receive pre-established compensation payments, in the event of certain high-intensity parameterized seismic events that cause material …
Chile readies major earthquake insurance with World Bank Read More »
By Timour Azhari and Orhan Coskun ANTAKYA/ANKARA, Turkey (Reuters) -Turkey has begun initial work to rebuild homes following this month’s devastating earthquakes, a government official said on Friday, as a U.N. Development Program (UNDP) estimated 1.5 million people have been left homeless. More than 160,000 buildings containing 520,000 apartments collapsed or were severely damaged in …
Turkey begins to rebuild for 1.5 million made homeless by earthquakes Read More »
(Reuters) -Companies across North America and Europe have in recent months cheered the Biden Administration’s $430 billion U.S. Inflation Reduction Act (IRA), which includes major provisions to cut carbon emission, boost domestic production and manufacturing. The act, signed into a law late last year by President Joe Biden, has also sparked a reaction from the …
Factbox-How companies are reacting to the U.S. Inflation Reduction Act Read More »
(Reuters) – Canada’s Toronto-Dominion Bank has received all regulatory approvals to complete its $1.3 billion acquisition of New York-based boutique investment bank Cowen Inc, the companies said on Friday. The deal is expected to close on March 1, they said. TD announced the buyout in August, building on its strategy to expand in the United …
Canada’s TD gets regulatory nod for $1.3 billion purchase of Cowen Read More »
NEW YORK (Reuters) – U.S. consumer spending rebounded sharply in January amid strong income growth, while inflation accelerated, which could add to financial markets fears that the Federal Reserve could continue raising interest rates through summer. The personal consumption expenditures (PCE) price index, tracked by the Federal Reserve for monetary policy, shot up 0.6% last …
U.S. inflation accelerates in January, consumer spending surges Read More »
(Reuters) – Cleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last year for the U.S. central bank’s interest rate peak as economic data since then has not caused her to change her mind. “I had my funds rate a little bit …
Fed’s Mester sticks with December interest rate projection for now Read More »
By Michael S. Derby NEW YORK (Reuters) – Two Federal Reserve regional bank measures that map bond yields to the economic outlook still put better-than-even chances of a U.S. recession by next year, even as recent gauges of activity in everything from consumer spending to hiring show little evidence of a pending slowdown. A Cleveland …
Two Fed measures see notable recession risk despite strong data Read More »
