Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar
NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. FILE PHOTO: The logo of Teva Pharmaceutical Industries is seen during... Read More

Caterpillar cuts profit outlook as China construction sales slump

Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material... Read More

Walmart offers holiday deals early to avoid shorter holiday season

Walmart offers holiday deals early to avoid shorter holiday season
FILE PHOTO: Walmart’s logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski/File Photo WASHINGTON (Reuters) – Walmart Inc (WMT.N) will offer online holiday deals a few days earlier this year in order to minimize the impact from a shorter selling period between Thanksgiving and Christmas, the retailer said on Wednesday. Walmart’s deals... Read More

Nasdaq eyes upside from free e-trades as profit tops expectations

Nasdaq eyes upside from free e-trades as profit tops expectations
(Reuters) – Nasdaq Inc (NDAQ.O) may see its market share of retail stock executions increase as a result of online brokers moving to free trades, the transatlantic exchange operator said on Wednesday after releasing better-than-expected quarterly financial results. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermid/File Photo... Read More

Caterpillar cuts profit outlook as China sales slump

Caterpillar cuts profit outlook as China sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material Machines, Mining... Read More

How will Amazon deliver in its second biggest market?

How will Amazon deliver in its second biggest market?
MANNHEIM, Germany (Reuters) – Every half an hour, 50 vans sweep into Amazon’s distribution center in Mannheim, Germany and sweep out again with up to 200 parcels and a precise delivery plan in each. FILE PHOTO: An outside view of an Amazon logistics centre in Mannheim, Germany, September 17, 2019. REUTERS/Ralph Orlowski/File Photo The tightly choreographed morning operation is designed... Read More

Nike’s Parker hands over CEO role to former eBay chief

Nike’s Parker hands over CEO role to former eBay chief
(Reuters) – Nike Inc’s (NKE.N) long-time chief executive officer, Mark Parker, will step down next year and be replaced by board member and former eBay CEO John Donahoe, who will be tasked with strengthening the sportswear maker’s online strategy. FILE PHOTO: Nike CEO Mark Parker speaks during a launch event in New York, United States March 16, 2016. REUTERS/Brendan McDermid... Read More

Spanish court to probe Russian tycoon’s bid for DIA supermarket chain: document

Spanish court to probe Russian tycoon’s bid for DIA supermarket chain: document
MADRID (Reuters) – Spain’s High Court will investigate allegations that Russian tycoon Mikhail Fridman acted to depress the share price of DIA (DIDA.MC) when trying to take control of the supermarket chain, a court document seen by Reuters showed. FILE PHOTO: Russian businessman, co-founder of Alfa-Group Mikhail Fridman attends a conference of the Israeli foundation Keren Hayesod in Moscow, Russia,... Read More

UPS COO’s retirement eclipses e-commerce gains

UPS COO’s retirement eclipses e-commerce gains
(Reuters) – United Parcel Service Inc’s (UPS.N) e-commerce fueled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world’s biggest parcel delivery firm’s next leader, would retire at year-end. FILE PHOTO: An United Parcel Service employee works at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France,... Read More

Spanish court to probe Russian tycoon’s bid for supermarket chain: document

Spanish court to probe Russian tycoon’s bid for supermarket chain: document
FILE PHOTO: Russian businessman, co-founder of Alfa-Group Mikhail Fridman attends a conference of the Israeli foundation Keren Hayesod in Moscow, Russia, September 17, 2019. Pavel Golovkin/Pool via REUTERS MADRID (Reuters) – Spain’s High Court will investigate whether Russian tycoon Mikhail Fridman deliberately acted to depress the share price of struggling supermarket chain DIA (DIDA.MC) in his bid to take control... Read More