Court says OxyContin maker's bankruptcy and protections for Sackler family members can move ahead
OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled
2023-07-26 05:29
Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring
2023-07-26 04:53
Google rebounds from unprecedented drop in ad drop with a resurgence that pushes stock higher
Google snapped out of an unprecedented advertising slump during its latest quarter, signaling a return to growth cycle needed to fuel investments in artificial intelligence technology that expected to reshape the competitive landscape
2023-07-26 04:50
Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"
Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share
2023-07-26 04:20
Brussels bombers found guilty after long murder trial
Six of the 10 suspects are convicted of terrorist murder for the twin bombings that killed 32 people.
2023-07-26 01:52
IMF global economic outlook sees slight growth, but inflation still a drag
The International Monetary Fund is projecting that global economic growth will see a slight improvement compared to its previous projections but cautions that many challenges still cloud the horizon
2023-07-26 01:27
Nigeria's suspended Central Bank governor appears in court more than a month after his arrest
Nigeria's suspended Central Bank governor has appeared in court in the economic hub of Lagoon on charges of illegal possession of a firearm and live ammunition
2023-07-26 00:29
UPS reaches tentative contract with 340,000 unionized workers potentially dodging calamitous strike
UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike
2023-07-26 00:20
Russian fighter jet damages US military drone over Syria
A Russian fighter jet flew "dangerously close" to a US drone over Syria and damaged it with flares, according to the US Air Force, in the latest in a series of incidents between the two militaries in the Middle East.
2023-07-25 23:48
Iran helping Russia build drone stockpile that is expected to be 'orders of magnitude larger' than previous arsenal, US says
US intelligence officials have warned that Russia is building a drone-manufacturing facility in country with Iran's help that could have a significant impact on the war in Ukraine once it is completed.
2023-07-25 22:53
U.S. consumer confidence jumps to a two-year high as inflation eases
U.S. consumer confidence shot to the highest level in two years this month as inflationary pressures eased and the American economy continued to show resilience in the face of dramatically higher interest rates
2023-07-25 22:27
What is Tori Kelly being treated for? Conspiracy theorists slammed for false Covid vaccine narrative after hospitalization
Many social media users are speculating that Tori Kelly's unexpected hospitalization might be related to the Covid-19 vaccine
2023-07-25 21:26