 | | | | Johnson & Johnson on Tuesday forecast 2019 sales that fell short of analysts' estimates and said it expected further pressure on U.S. prescription drug prices, weighing on the broader pharmaceutical sector. | | | | | | Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company's metal-on-metal hip implants. | | | | | | BlackRock Inc is planning a new fund for investors looking to park their cash safely while helping the environment, expanding options for "socially responsible" investments, a filing with U.S. market regulators showed on Tuesday. | | | | | | U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. | | | | | | A gauge of world stock markets fell on Tuesday as concerns over global growth and trade gave investors incentive to look toward safe-haven assets such as the Japanese yen and government bonds. | | | | | | U.S. home sales tumbled to their lowest level in three years in December and house price increases slowed sharply, suggesting a further loss of momentum in the housing market. | | | | | | IBM Corp reported a smaller-than-expected 3.5 percent drop in fourth-quarter revenue on Tuesday, as higher sales in its newer businesses such as cloud, software and services partially offset tapering sales of its latest mainframe computers and the pressures from a strong dollar. | | | | | | Renault has called a board meeting to replace Chairman and Chief Executive Carlos Ghosn, in a move that may begin to ease tensions with alliance partner Nissan in the wake of Ghosn's arrest in Japan for alleged financial misconduct. | | | | | | Brazil's new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business. | | | | | | U.S. power producer PG&E Corp's shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter 11 bankruptcy protection. | | | | | | General Motors Co's Brazil unit is in advanced talks with Sao Paulo state to receive tax incentives, the company told public officials and union representatives at a meeting on Tuesday, a few days after telling workers in a memo that it was losing money in the country. | | | | | |
