By Mike Spector and Dan Levine NEW YORK (Reuters) – Johnson & Johnson created a plan last year to limit the financial bleeding from billions of dollars in jury awards to plaintiffs who alleged the company’s Baby Powder and other talc products caused deadly cancers. The healthcare and consumer-goods giant assigned more than 30 staffers…
(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s…
SAN FRANCISCO (Reuters) – Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to a…
(Reuters) -Peloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon.com Inc, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth. Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s…
FRANKFURT (Reuters) – Airbus may make its own engines for its hydrogen fuelled planes, Chief Executive Officer Guillaume Faury told a German newspaper in an interview published on Saturday. The planemaker has said it plans to develop the world’s first zero-emission hydrogen fuelled commercial aircraft by 2035. Faury told the Welt am Sonntag newspaper that…
(Reuters) – Peloton Interactive Inc is drawing interest from potential suitors including Amazon.com Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. The at-home exercise bike maker’s shares surged 40% in extended trading on Friday. Last month, activist investor Blackwells Capital called on the board of Peloton Interactive to remove…
By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – Developing world investors, buffeted by various “taper tantrums” over the last decade, are now nervously watching as the rainmaker of global markets – the U.S. Federal Reserve – readies its most aggressive rate hike cycle in 17 years. More hot jobs data on Friday drove…
By Noel Randewich (Reuters) -A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market…
SACRAMENTO, Calif. (AP) — A major California gas utility must pay the state nearly $10 million and reimburse customers money it improperly spent on work related to the development of energy efficient building codes. The penalties that Southern California Gas Co. faces were handed down Thursday by the California Public Utilities Commission. The commission, which…
By David French and Bansari Mayur Kamdar (Reuters) – Another bumpy ride ended on Friday with the Nasdaq recovering much of the ground it lost in the previous session, as Amazon’s positive earnings capped a week of mixed big-tech numbers. Amazon.com Inc jumped after reporting robust earnings in the holiday quarter. Results from megacap growth…
