Business

Lawsuit against Bristol Myers over delayed cancer drug is revived

Thursday, August 13 by SRN News

By Jonathan Stempel NEW YORK, Aug 13 (Reuters) - A U.S. federal appeals court said a judge erred in dismissing a $6.7 billion lawsuit accusing Bristol Myers Squibb of cheating former Celgene shareholders by delaying federal approval for three drugs, including the cancer treatment Breyanzi. In... Read More.

Canada government source says US also keen on trade deal before Aug 19 deadline

Thursday, August 13 by SRN News

By Promit Mukherjee OTTAWA, Aug 13 (Reuters) - A Canadian government source directly familiar with trade negotiations with the United States said on Thursday that talks were progressing well and Washington also wanted an agreement before a new U.S. tariff deadline on Aug. 19. U.S. President... Read More.

Magnetic ‘Goody King’ toys recalled over ingestion hazard after two children receive surgery

Thursday, August 13 by SRN News

CHICAGO (AP) - About 213,500 "Goody King" magnetic building toys were recalled in the U.S. on Thursday, due to an ingestion hazard posed that has resulted in at least two children receiving surgeries. According to a notice published by the U.S. Consumer Product Safety Commission,... Read More.

Trio of economic forces could boost electric vehicles, WoodMac says

Thursday, August 13 by SRN News

WASHINGTON, Aug 13 (Reuters) - A trio of emerging economic forces could boost global production of electric vehicles with implications for oil, power and metal markets, a report from Wood Mackenzie said on Thursday. The forces are oil supply shocks from wars in ... Read More.

Exclusive-Detroit automakers fear North American trade deal revamp could cost them billions

Thursday, August 13 by SRN News

By Nora Eckert and Mike Colias Aug 13 (Reuters) - Detroit's automakers plan to argue to the Trump administration that its proposals for a revised North American trade deal could cost the companies billions of dollars and hurt their competitiveness with foreign rivals. U.S. car companies... Read More.

Mortgage rates dip slightly for the first time in six weeks, but remain steeper than last year

Thursday, August 13 by SRN News

CHICAGO (AP) - The average long-term U.S. mortgage rate fell slightly for the first time in six weeks on Thursday, marking a glimpse of relief for prospective homebuyers - although borrowing costs remain steeper than they were a year ago. The benchmark 30-year fixed... Read More.

Wholesale price inflation slows last month as gas, food costs fall

Thursday, August 13 by SRN News

WASHINGTON (AP) - Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. The Labor Department's producer price index - which captures... Read More.

Amid public backlash, surveillance tech company Flock announces platform changes

Thursday, August 13 by SRN News

RICHMOND, Va. (AP) - Flock Safety, the surveillance technology company increasingly under scrutiny from lawmakers, civil liberties advocates and citizens across the U.S., announced Thursday it is making changes to its platform intended to quell privacy concerns and address documented abuses of its system... Read More.

Fed should raise rates to restrain growth and inflation, Hammack says

Thursday, August 13 by SRN News

Aug 13 (Reuters) - Cleveland Federal Reserve Bank President Beth Hammack on Thursday reiterated her view that the U.S. central bank should raise rates immediately to bring down too-high inflation and restrain business growth and investment. "When I'm talking to businesses, I hear that businesses... Read More.

US producer prices unchanged in July

Thursday, August 13 by SRN News

WASHINGTON, Aug 13 (Reuters) - U.S. producer prices were unchanged in July as goods prices declined, though a rise in the cost of services suggested inflation could remain elevated. The flat reading in the Producer Price Index for final demand last month followed a revised... Read More.

Current Weather

Lawsuit against Bristol Myers over delayed cancer drug is revived

Canada government source says US also keen on trade deal before Aug 19 deadline

Magnetic ‘Goody King’ toys recalled over ingestion hazard after two children receive surgery

Trio of economic forces could boost electric vehicles, WoodMac says

Exclusive-Detroit automakers fear North American trade deal revamp could cost them billions

Mortgage rates dip slightly for the first time in six weeks, but remain steeper than last year

Wholesale price inflation slows last month as gas, food costs fall

Amid public backlash, surveillance tech company Flock announces platform changes

Fed should raise rates to restrain growth and inflation, Hammack says

US producer prices unchanged in July

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