Thursday, 28 June 2018

AT&T to pay $5.25 million to settle U.S. probe into '911' call outages

AT&T to pay $5.25 million to settle U.S. probe into '911' call outages

WASHINGTON (Reuters) - AT&T Inc will pay $5.25 million to settle a U.S. investigation after two outages in 2017 prevented about 15,000 callers from making emergency "911" calls, documents show.

Amazon to buy PillPack in potentially disruptive drug retail push

(Reuters) - Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world's biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers.

Bitter pill for U.S. drug supply chains as Amazon enters the scene

** Pharma supply chain hit by Amazon's move to buy online pharmacy PillPack, which offers pre-sorted medicine doses

U.S. securities regulator unveils proposal to ease ETF approvals

WASHINGTON (Reuters) - The U.S. securities regulator on Thursday voted unanimously to propose easing its rules for approving low-risk exchange-traded funds (ETFs) in what could potentially be a major win for the $3.5 trillion market.

Canada to offer aid to steel, aluminum industries: source

OTTAWA (Reuters) - Canada will offer an aid package worth between C$500 million ($376.87 million) and C$800 million to help steel and aluminum industries and workers who have been hit by U.S. tariffs, a source familiar with the matter said on Thursday.

Wall Street advances with help from technology, financials

NEW YORK (Reuters) - U.S. stocks rose on Thursday, as losses in shares of healthcare companies, battered by Amazon's foray into drug retailing, were offset by gains in the technology and financial sectors.

Tesla lagging on Model 3 production, workers say

SAN FRANCISCO (Reuters) - Tesla Inc is not producing enough Model 3s per shift to reach the 5,000 per week target that Chief Executive Officer Elon Musk said it would reach by Saturday, three line workers at the company's Fremont, California, assembly plant told Reuters this week.

TransCanada urges U.S. to help gas pipelines beat green critics

(Reuters) - The United States should help the natural gas industry overcome environmental challenges to new pipeline projects by adjusting regulations or adopting new laws favoring infrastructure, an executive at TransCanada Corp said at a conference this week.

World shares drop amid trade-war jitters, U.S. health sector dips

NEW YORK (Reuters) - Struggling health sector shares and U.S.-driven trade confrontations capped gains in global stocks and drove down safe-haven U.S. Treasury and German Bund yields on Thursday, while financial companies boosted Wall Street.

BMW signs battery order with China's CATL

(Reuters) - BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China's lithium battery maker Contemporary Amperex Technology Ltd (CATL) , allowing the company to build a factory to produce cells for electric cars in Europe, the German carmaker's spokesman Glenn Schmidt said on Thursday.

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