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U.S. jury fails to reach verdict in latest J&J talc trial
We're disappointed the jury did not reach a unanimous verdict for Johnson & Johnson, the company said in a statement emailed to Reuters. After two weeks of trial, the jury in the Darlington County Court of Common Pleas said it could not decide whether J&J was responsible for the disease. Gwen Myers, a spokeswoman for Imerys Talc America, said: We remain confident that talc does not cause cancer.
Russia, Saudi Arabia Near Deal to Lift Output, Giving Moscow New Sway
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production-a move that could cool crude markets and extend, at least for now, a crucial role for Moscow in setting global prices. The coordination represents the first time Moscow has moved beyond a temporary deal it struck two years ago with Riyadh and OPEC, the cartel of some of the world's biggest producers, to tighten supplies.
S&P 500 companies return $1 trillion to shareholders in tax-cut surge
S&P 500 companies have returned a record $1 trillion to shareholders over the past year, helped by a recent surge in dividends and stock buybacks following sweeping corporate tax cuts introduced by Republicans, a report on Friday showed. In the 12 months through March, S&P 500 companies paid out $428 billion in dividends and bought up $573 billion of their own shares, according to S&P Dow Jones Indices analyst Howard Silverblatt.
S&P, Dow fall as oil drop hurts energy; chipmakers boost Nasdaq
The S&P 500 and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. DJI fell 58.67 points, or 0.24 percent, to 24,753.09, the S&P 500.SPX lost 6.43 points, or 0.24 percent, to 2,721.33 and the Nasdaq Composite. For the week, the Dow was up 0.2 percent, the S&P 500 was up 0.3 percent and the Nasdaq gained 1.1 percent.
T-Mobile Says It Hired Lobbying Firm Tied to Former Trump Aide Corey Lewandowski
T-Mobile US Inc is getting advice from Corey Lewandowski, the former campaign manager for President Donald Trump, as part of a lobbying effort to help the telecommunications company secure federal approval for its proposed takeover of Sprint Corp. T-Mobile said late Thursday in a statement it hired Turnberry Solutions in August. Corey Lewandowski is now affiliated with that firm and they have offered perspective to T-Mobile on a variety of topics, including the pending transaction, the company said.
Trump Moves to Ease the Firing of Federal Workers
Advertisement By Noam Scheiber May 25, 2018 President Trump is moving to make it easier to fire federal government workers and rolling back the prerogatives of unions that represent them, the White House said Friday. Image But the push also reflects conservatives' long-running suspicion of the federal bureaucracy, one that the president's advisers have been outspoken in channeling. Shortly after Mr Trump took office, Stephen K Bannon, then his chief strategist, called for the deconstruction of the administrative state.
Falling oil prices weigh on S&P 500, Dow
The S&P 500 index and the Dow eased on Friday after a steep drop in oil prices pressured energy stocks, but losses were limited by gains in chipmakers and retail stocks. DJI fell 58.67 points, or 0.24 percent, to 24,753.09, the S&P 500.SPX lost 6.43 points, or 0.24 percent, to 2,721.33 and the Nasdaq Composite. IXIC added 9.43 points, or 0.13 percent, to 7,433.85.
Investors find little appetite for consumer staples
Investors have been turning away from staples companies because they are grappling with changing consumer preferences, fierce competition and other obstacles to raising prices even as their costs swell. To be sure lower valuations and a weak economy could eventually give some support to staples. We would get interested if valuations lowered to levels that compensated investors to take on the risk of the sector, said Samana.
A New Light on the Watch Market
Mr Mlodinoff, who lives in Chicago, said he remembered going shop to shop, trying to find what he was looking for. There was the Rolex guy, the Cartier guy, the Omega guy - that's what you did back in the day, he said. They want to increase visibility in a market that has often been opaque. We're also going to resell them at a high standard, not like it's some flea market.
How a Guitar Maker Started Rocking, Back in the U.S.S.R.
Advertisement Vocations By Perry Garfinkel May 25, 2018 Yuriy Shishkov, 54, is a Fender Guitar master builder. I fell in love with rock by age 12, and wanted to play guitar so bad. Soon I started making guitars for other people, all underground - literally underground, from the root cellar of our house. The only thing I knew was how to make guitars, so I applied at Washburn, a guitar company.
Tesla flies in new battery production line for Gigafactory
Tesla on Friday declined to comment on whether it has shipped in any new production equipment from Europe. Engineers from Tesla's German engineering arm, Grohmann, are now reworking the battery production line at the Gigafactory near Reno, Nevada, in a bid to free up bottlenecks, the person said. The line will become more automated gradually over time, added the source, who was not authorized to speak for attribution.
Her Father Loved Tequila. Now She Runs a Company That Makes It.
I didn't know anything about tequila, Ms Barajas Crdenas, who declined to give her age, said in a recent telephone interview conducted in Spanish. She knocked on doors, asking various tequila producers for help, and eventually found one who produced a line of bottles for her. At first, it was a goal I had to accomplish, more than something that I wanted to do, she said.
Oil Prices Reverse Their Rise, and Drivers May See Relief
Advertisement By Clifford Krauss and Stanley Reed May 25, 2018 HOUSTON - Oil prices are suddenly slumping again, just as American motorists were increasingly feeling the bite. On Friday, speaking at a conference in Russia, the Saudi oil minister, Khalid al-Falih, said producers had already begun consultations. Prices are still well below what they were a decade ago, when the national average topped $4 a gallon and oil prices topped $100 a barrel.
Tesla hires new chief financial officer for China
Tesla Inc (TSLA.O) on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing. Zhou previously served as CFO for Asia Pacific and India for Ingersoll Rand. We're excited to welcome a group of such talented people as we continue to ramp (up) Model 3, Tesla said in a blog post, adding it would announce more hires in the coming days.
FBI warns Russians hacked hundreds of thousands of routers
The FBI warned on Friday that Russian computer hackers had compromised hundreds of thousands of home and office routers and could collect user information or shut down network traffic. The warning followed a court order Wednesday that allowed the FBI to seize a website that the hackers planned to use to give instructions to the routers. Though that cut off malicious communications, it still left the routers infected, and Friday's warning was aimed at cleaning up those machines.
Your Job Is More Intense. Your Pay and Title Haven't Kept Up.
The most important thing to do is try to get that clarified - and I'd do so soon. Of course, you'd prefer a whopping raise and impressive new title immediately. Your boss may not feel any motivation to bring up the subject while you're making life easier for him. Drawing that line depends on the actual information being shared - but possibly the context of the sharing is even more important.
U.S. reached deal to keep Chinese telecom ZTE in business: Congressional aide
The Trump administration told lawmakers that the US government has reached a deal to put Chinese telecommunications company ZTE Corp back in business, a senior Congressional aide said on Friday. The deal, communicated to officials on Capitol Hill by the Commerce Department, requires ZTE to pay a substantial fine, place American compliance officers at the company and change its management team, the aide said. The Commerce Department would then lift an order preventing ZTE from buying US products.

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