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FCA Report (Feb 2020): Sector Views – Key Areas of Harm Identified

UK FCA | Feb 21, 2020 This analysis also contributes to the decisions we make affecting consumers, market integrity and competition. Drivers of change The first chapter describes the common themes across sectors with a focus on those themes that are having the greatest impact on the sectors we regulate. And in the light of

5 years ago

Mallinckrodt agrees to $1.6 bln opioid settlement, unit to seek bankruptcy

Mallinckrodt Plc on Tuesday said it had agreed to a $1.6 billion settlement proposal in which its generic drug business would file bankruptcy in order to resolve thousands of lawsuits alleging it helped fuel the U.S. opioid epidemic.



5 years ago

Airlines should complete inspections on 737 MAX panels before flying: FAA

The Federal Aviation Administration (FAA) on Tuesday proposed that airlines complete inspections on a key component that could make Boeing 737 MAX airplanes vulnerable to lighting strikes and interference from high-power radio frequency transmitters before returning to service.



5 years ago

NTSB faults Tesla, U.S. regulators in deadly 2018 Autopilot crash

The chairman of the National Transportation Safety Board on Tuesday criticized Tesla Inc 's lack of system safeguards in a fatal March 2018 California Autopilot crash and U.S. regulators "scant oversight."



5 years ago

Global stocks sink further on lingering coronavirus fears

Stocks across the globe fell on Tuesday to their lowest since mid-December and the benchmark U.S. debt yield was near a record low on lingering concerns about the economic hit of the spread of the novel coronavirus.



5 years ago

Macy's holiday quarter beats Street, investors skeptical on strategy

Macy's Inc holiday-quarter results beat analyst expectations on Tuesday, but investor skepticism around its cost-cutting strategy at a time of intense online competition sent shares down nearly 5%.



5 years ago

Wall Street sell-off deepens as virus spread sends investors fleeing

Wall Street's three major stock indexes fell almost 2% on Tuesday as the coronavirus spread further around the world and officials described it as "a rapidly escalating epidemic," a day after the S&P 500 and the Dow Industrials' biggest daily decline in two years.



5 years ago

Authentic Brands taps former H&M exec to helm Forever 21

Forever 21's new co-owner Authentic Brands Group said on Tuesday it had appointed former H&M executive Daniel Kulle as the new chief executive officer of the bankrupt apparel retailer.



5 years ago

Coronavirus clouds Apple's timeline for new iPhones

Travel restrictions to China because of the coronavirus have come just as Apple Inc's engineers usually jet off to Asia to perfect the production of this fall's new iPhones, former employees and supply chain experts told Reuters.



5 years ago

U.S. regulator: Airlines should complete inspections on 737 MAX panels before flying

The Federal Aviation Administration (FAA) on Tuesday proposed that airlines complete inspections on a key component that could make Boeing 737 MAX airplanes vulnerable to lightning strikes and interference from high-power radio frequency transmitters before returning to service.



5 years ago

Investors piled into volatility bets before market tumble

Fears of a coronavirus-fueled slowdown have injected volatility back into markets, but some investors may be less exposed this time around.



5 years ago

TPC plans to cut staff at Texas plant hit by November blast: sources

Chemical maker TPC Group [TPCL.UL] plans to cut at least 100 employees by the end of April at its Port Neches, Texas, petrochemical plant, the site of devastating explosions in November that forced evacuations of up to 60,000 people, said sources familiar with plant operations.



5 years ago

JPMorgan executives say bank is big enough to weather any storm

JPMorgan Chase & Co executives tried to reassure investors on Tuesday that the bank can thrive during times of market and economic stress, due to the sheer size and breadth of its global operations.



5 years ago

Facebook would have to pay $3.50 per month to U.S. users for sharing contact info: study

German Facebook users would want the social media platform to pay them about $8 per month for sharing their contact information, while U.S. users would only seek $3.50, according to a study of how people in various countries value their private information.



5 years ago

Here's how to appeal higher Medicare premiums

Although most Medicare beneficiaries don't pay monthly surcharges for their coverage, more than 4 million do. Here's how to make sure you really need to pay those extra amounts.

5 years ago