(Reuters) – U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, which could assuage financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions. KEY POINTS: * Sept nonfarm payrolls +136,000 (consensus +145,000) vs Aug +168,000 (prev […]
(Reuters) – OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company’s controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and its owners helped fuel the U.S. opioid epidemic. The wealthy Sacklers received the money from Purdue during an unspecified time frame, according […]
LOS ANGELES — Dear Netflix: Keep your money. That is the message the Walt Disney Company sent by banning advertising from Netflix on its entertainment television networks — principally ABC and Freeform — as it prepares to introduce its own Netflix-style streaming service, Disney Plus. Disney will continue to accept Netflix ads on its ESPN […]
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that his administration has a “very good chance” of making a trade deal with China, and insisted there were no links between China talks and his desire for Beijing to investigate Democratic presidential candidate Joe Biden. Trump, speaking to reporters before departing the White House, […]
A granddad in Cornwall is so committed to Halloween, he's splashed thousands and thousands of pounds making his home as frightening as possible. Rod Dawson, from Nanpean, spends weeks planning and building his terrifying haunted house – filled with witches, clowns and zombies, Cornwall Live reports . Each room has a different theme, but the […]
The personal computer maker HP will cut 7,000 to 9,000 jobs from its global work force, the company said on Thursday, estimating that its reorganization plan will save it $1 billion annually by the end of 2022. HP had about 55,000 employees worldwide at the end of last October, according to a filing with the […]
(Reuters) – Costco Wholesale Corp (COST.O) reported quarterly revenue below Wall Street estimates on Thursday, as the U.S. hypermarket chain struggled to attract shoppers in the competitive grocery space. Costco and other U.S. grocers are slashing prices while investing heavily in stores and online operations to defend their share of the market as Amazon.com Inc […]
WASHINGTON (Reuters) – U.S. services sector activity slowed to a three-year low in September amid rising concerns about tariffs, suggesting that trade tensions were spilling over to the broader economy. Coming on the heels of news this week that manufacturing activity plunged to a more than 10-year trough in September, the survey from the Institute […]
(Reuters) – U.S. stocks turned positive in choppy trading on Thursday as U.S. services sector activity slowed to a three-year low, raising expectations of another interest rate cut by the Federal Reserve to stem a wider economic downturn. Wall Street’s main indexes dropped about 1% after the ISM’s non-manufacturing activity index for September fell to […]
FLORENCE, Italy (Reuters) – Apple’s chief executive Tim Cook said on Thursday he was a “supporter” of immigration and was against any ceiling on the hiring of qualified migrants. “I believe rich countries should take responsibility for welcoming people fleeing from difficult situations,” Cook said at an event with students in Florence, Italy. “We at […]