Southwest, Gol ground 13 Boeing 737 NG airplanes after checks
Southwest Airlines Co and Brazil’s Gol Linhas Aereas said on Wednesday they had grounded a total of 13 Boeing Co 737 NG airplanes after U.S....
Massive jury award against J&J highlights risks of its legal strategy
A jury award that hit Johnson & Johnson with $8 billion in punitive damages for a case involving its anti-psychotic drug Risperdal highlights the risks...
U.S. says gene testing firm gets 25-year ban in $42.6 million kickback settlement
A New Orleans-based genetics testing company and its three principals will pay $42.6 million to resolve charges they defrauded the federal government by paying kickbacks...
Judge opens door to PG&E noteholders filing their own reorganization plan
The judge overseeing the bankruptcy of PG&E Corp on Wednesday issued an order opening the door to a group of noteholders to file their own...
ProPetro rejigs management after internal probe into accounting disclosures
Hydraulic fracturing firm ProPetro Holding Corp on Wednesday announced a management shakeup, following an internal investigation into disclosure of electric frac equipment purchases and executive...
Mississippi will back Sprint, T-Mobile merger and drop court challenge
One of 17 U.S. states that sued to block a proposed $26.5 billion tie-up of Sprint Corp and T-Mobile US Inc agreed to drop the...
Bed Bath & Beyond hires Target executive as CEO
Bed Bath & Beyond Inc on Wednesday hired Target Corp’s Mark Tritton as chief executive officer, months after its long-time head, Steven Temares, left the...
China lowers expectations for U.S. trade talks after blacklist – officials
Surprised and upset by the U.S. blacklisting of Chinese companies, China has lowered expectations for significant progress from this week’s trade talks with the United...
Trump says there is a ‘really good chance’ of U.S.-China trade deal
President Donald Trump said on Wednesday there was a very good chance that the United States and China will reach a trade agreement....
Boeing’s 787 under pressure as Russia’s Aeroflot cancels order
Boeing Co faced additional uncertainty on Wednesday over future production rates for its 787 Dreamliner after Russian carrier Aeroflot formally canceled an order for 22...