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Johnson & Johnson to recall some baby powder as FDA finds traces of asbestos

Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.



4 years ago

Johnson & Johnson says baby powder investigation could take 30 days or more

Johnson & Johnson said on Friday its investigation into asbestos contamination of its baby powder could take 30 days or more, after announcing it planned to recall about 33,000 bottles of the product in the United States.



4 years ago

Exclusive: Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX - sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, sources briefed on the matter said.



4 years ago

Wall Street pressured by J&J, global growth concerns

Wall Street edged lower on Friday, set to end a strong week on a downbeat note, as heavyweight Johnson & Johnson slipped and worries over global economic growth were rekindled by gloomy data out of China.



4 years ago

Opioid litigation talks can 'get a long way' to deal: lawyer

Executives from several large healthcare companies and state attorneys general were progressing toward what is expected to be a multibillion dollar deal to resolve the sprawling litigation over the U.S. opioid epidemic, a plaintiffs' lawyer said Friday.



4 years ago

Oracle co-CEO Mark Hurd passes away

Oracle Corp co-Chief Executive Officer Mark Hurd passed away on Friday, the business software maker said.



4 years ago

In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave

With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese.



4 years ago

Dollar weakens on Brexit, shares sapped by weaker China growth

The dollar headed for its worst week in almost four months on Friday, pummeled by sterling and euro rallies driven by a deal on Britain's departure from the European Union, while China's weakest growth in nearly three decades weighed on equities.



4 years ago

Global trade uncertainty a reason to ratify USMCA: Mexican minister

Mexican Finance Minister Arturo Herrera said on Friday the current global uncertainty over trade is another reason to ratify the agreement negotiated last year between his country, the United States and Canada.



4 years ago

Opioids settlement could be near, lawyer for local governments says

Executives from several large healthcare companies and state attorneys general were progressing toward what is expected to be a multibillion-dollar deal to resolve the sprawling litigation over the U.S. opioid epidemic, a plaintiffs' lawyer said on Friday.



4 years ago

Wall Street pressured by J&J, Boeing; growth worries linger

Wall Street fell on Friday, dragged down by Boeing and Johnson & Johnson and as worries over global economic growth were rekindled by gloomy data out of China.



4 years ago

Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX: sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, according to documents seen by Reuters.



4 years ago

Troubles keep mounting for Fisher Investments as losses in pension assets hit $1.3 billion

The Iowa Public Employees Retirement System is ending its relationship with Fisher Investments, pulling $386 million from the firm. This marks the fourth public pension to drop the mjoney manager following founder Ken Fisher's off-color comments at a conference.

4 years ago

These are the changes and challenges keeping top advisors up at night

No financial advisor worth his or her salt claims to have a crystal ball. Still, experience and expertise qualifies them to make some predictions about industry trends. CNBC asked advisors ranked in the 2019 FA 100 list what challenges or changes they foresee for the business.

4 years ago

'Panama Papers' law firm sues Netflix over film based on scandal

Mossack Fonseca, a Panamanian law firm at the center of the "Panama Papers" scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film's release.



4 years ago