Business

J&J shares nosedive on report it knew of asbestos in Baby Powder

(Reuters) – Shares of Johnson & Johnson (JNJ.N) fell 10 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. The decline in shares erased about $40 billion from the company’s market capitalization, with ...

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Global growth worry hits stocks, but U.S. data lifts dollar

NEW YORK (Reuters) – A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest pace in over four years as ...

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Irish regulator probes Facebook after it discloses bug

(Reuters) – An Irish regulator said on Friday it had launched an investigation into Facebook Inc (FB.O) after the company disclosed a bug that may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches. FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed cyber code in ...

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Volkswagen says talks on cooperation with Ford progressing

Volkswagen logos are pictured during the media day of the Salao do Automovel International Auto Show in Sao Paulo, Brazil November 6, 2018. REUTERS/Paulo Whitaker FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) talks with Ford on the two companies cooperating are progressing, though a few details still need to be worked out, the German carmaker said on Friday. “The talks with Ford ...

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J&J shares nosedive on report company knew of asbestos in baby powder

(Reuters) – Shares of Johnson & Johnson (JNJ.N) tumbled 12 percent on Friday and were on track to post their biggest percentage drop in more than 16 years, after Reuters reported that the pharma major knew for decades that cancer-causing asbestos lurked in its Baby Powder. FILE PHOTO: A Johnson & Johnson building is shown in Irvine, California, U.S., January ...

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Canada slams China detentions; foreign minister to press Pompeo

OTTAWA/WASHINGTON (Reuters) – Canadian Prime Minister Justin Trudeau on Friday said China’s detention of two men from Canada was unacceptable and expressed concern the economy could suffer as bilateral relations deteriorate. FILE PHOTO: Canada’s Prime Minister Justin Trudeau holds a news conference on the final day of the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. REUTERS/Martin Acosta ...

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China to halt additional tariffs on U.S.-made cars as trade dispute de-escalates

BEIJING (Reuters) – China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country’s finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies. A worker inspects imported cars at a port in Qingdao, Shandong province, China May 23, 2018. REUTERS/Stringer The Ministry ...

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Macron calls Ford’s decision over Bordeaux plant ‘hostile’

French President Emmanuel Macron arrives at a European Union leaders summit in Brussels, Belgium December 14, 2018. Alastair Grant/Pool via REUTERS BRUSSELS (Reuters) – French President Emmanuel Macron said on Friday that Ford’s (F.N) decision to end production at its plant in Blanquefort, southern France next year was “hostile” and said his government was actively seeking a buyer for the ...

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