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Exclusive: OxyContin maker Purdue is 'Pharma Co X' in U.S. opioid kickback probe - sources - OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter.
Tue, 28 Jan 2020 18:01:49 -0500
AMD revenue forecast disappoints on weak console demand - Advanced Micro Devices Inc's first-quarter revenue estimate came in largely below analysts' estimates due to waning demand from gaming console makers, even as its data center and PC chips business tracked a recovery in the chip industry.
Tue, 28 Jan 2020 18:00:39 -0500
How Facebook thinks its independent oversight board should work - Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board's administrative staff.
Tue, 28 Jan 2020 17:55:59 -0500
Facebook VP of engineering Jay Parikh says leaving company - Facebook's vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking the exit of another key executive following a string of high-profile departures last year.
Tue, 28 Jan 2020 17:54:21 -0500
Blink and you miss it: The U.S. yield curve inverts again - A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.
Tue, 28 Jan 2020 17:52:44 -0500
Airbus faces record $4 billion fine after bribery probe - Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales.
Tue, 28 Jan 2020 17:49:25 -0500
Countdown to recession: What an inverted yield curve means - NEW YORK - A dramatic rally in Treasuries this week led some key parts of the U.S. yield curve to reinvert, a signal that has traditionally been bearish for the U.S. economy.
Tue, 28 Jan 2020 17:48:03 -0500
Apple iPhone back to growth after a year's slump; China virus adds uncertainty - Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
Tue, 28 Jan 2020 17:45:52 -0500
Apple sparks Wall Street bounce ahead of results - U.S. stocks rebounded on Tuesday, as the S&P 500 bounced back from its worst day in nearly four months, led by a climb in Apple and other names hit by exposure concerns to the coronavirus outbreak in China that sparked a recent sell-off.
Tue, 28 Jan 2020 17:37:07 -0500
Airlines cut China flights as companies restrict travel on virus fears - Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.
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