By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s export growth hit its weakest pace in more than two years in April as China-bound shipments slumped amid lingering worries about faltering global economic demand. Exports rose 2.6% in April from a year earlier, Ministry of Finance data showed on Thursday, slower than a 3.0% increase expected by economists…
By Jessica DiNapoli NEW YORK (Reuters) – Makers of brand-name household basics like Dunkin’ coffee and Schick razors are bulking up sales teams and adding specialized and lower-cost products to the shelves of America’s ubiquitous dollar stores in a bid to reach more budget-conscious shoppers. Razor manufacturer Edgewell Personal Care Co and Kraft Heinz Co…
By Luc Cohen and Brendan O’Brien NEW YORK (Reuters) -The mother of a New Yorker killed in 2017 when a man driving a truck mowed down cyclists and pedestrians on a crowded Manhattan bike path told a hushed courtroom on Wednesday that no punishment meted out to the attacker could compare to her pain. “This…
By Brendan O’Brien (Reuters) – A Philadelphia Democrat who promised to hire more police has won her party’s nomination for mayor, while a former TV news anchor has ousted a Republican from the mayor’s office in Jacksonville, Florida, the largest city in the country in which the party had control. Democrat Donna Deegan pulled off…
By Jonathan Stempel (Reuters) -San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance Inc over its role in the city’s opioid epidemic. The settlement came nine months after U.S. District Judge Charles Breyer in San Francisco said the drugstore chain could be held liable for having “substantially contributed” to…
By Dan Whitcomb (Reuters) -A man accused of attacking two congressional staff members with a baseball bat this week and threatening to kill one of them, has been charged with assault on an employee of the U.S. government, federal prosecutors said on Wednesday. Xuan-Kha Tran Pham, 49, was taken into custody by Fairfax police following…
(Reuters) -The U.S. Federal Trade Commission said it had sought information from two privately held companies that negotiate drug rebates on behalf of pharmacy benefit managers (PBMs) as part of its probe into how PBMs affect pricing of prescription drugs. The two companies, Zinc Health Services and Ascent Health Services, are group purchasing organizations, that…
By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after a committee that adjudicates on disputes in the derivatives market said on Wednesday the bank’s state-engineered merger with UBS was not a credit event. The Swiss bank in March was taken over by UBS in…
By Casey Hall SHANGHAI (Reuters) – When graduate student Cai Zhishan decided to spend her Labour Day holidays in northern China, she wished she had enough money to hire a car for the more-than 4,000km (2,500 mile) round trip – the equivalent of driving from New York to Los Angeles. Instead, she chose “travelling like…
By Lucy Craymer WELLINGTON (Reuters) – New Zealand is set to deliver what it calls a “no frills” budget on Thursday as falling tax revenues squeeze coffers and inflation risks cap cyclone reconstruction efforts, constraining stimulus as the Labour government faces an election this year. Finance minister Grant Robertson has said the budget will focus…
