Tuesday 29 October 2019

J&J says new tests find no asbestos in same baby power bottle that sparked recall

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J&J says new tests find no asbestos in same baby power bottle that sparked recall

Johnson & Johnson said on Tuesday that 15 new tests found no asbestos in a bottle of baby powder that the U.S. Food and Drug Administration previously said had tested positive for trace amounts of asbestos.

Fiat Chrysler, Peugeot owner PSA in talks to combine: source

Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion automaker, a source familiar with the matter said on Tuesday.

U.S. telecoms supply chain rules under review at Commerce Department: official

Rules to implement a White House executive order declaring a national emergency in the telecoms supply chain are "under consideration and review" at the Department of Commerce, an agency official said on Tuesday.

Facebook sues Israel's NSO Group over alleged WhatsApp hack

Facebook Inc on Tuesday sued Israeli cyber surveillance firm NSO Group, alleging it hacked users of its messaging platform WhatsApp earlier this year.

Wall St dips after S&P notches record, Fed on deck

The S&P 500 edged lower to snap a four-session win streak on Tuesday and it retreated from a record high as investors grappled with a flood of earnings and the latest update on a potential trade deal between the U.S. and China.

Mattel revenue beats on Barbie dolls, BTS K-pop band toys

Mattel Inc reported a surprise jump in quarterly revenue on Tuesday as newer models energized demand for its flagship Barbie brand, while the launch of dolls based on Korean pop-sensation BTS lifted international sales.

Amgen third-quarter revenue falls 3%, biosimilar sales rise

Amgen Inc on Tuesday said competition for older off-patent drugs sent third-quarter revenue down 3%, but share repurchases and biosimilar sales helped it achieve higher-than-expected profit, and the company raised its full-year outlook.

Murray Energy files for bankruptcy as U.S. coal decline continues

Murray Energy Corp, one of the largest privately-held U.S. coal miners, whose founder is an outspoken supporter of President Donald Trump, became the latest in a string of coal companies to file for bankruptcy on Tuesday as generators shift to cleaner-burning natural gas and renewable energy.

Factbox: U.S. coal-fired power plants scheduled to shut

U.S. power companies expect to retire or convert from coal to gas over 13,800 megawatts (MW) of coal-fired plants in 2019 after shutting over 13,300 MW in 2018, according to U.S. Energy Information Administration (EIA) and Thomson Reuters data.

Saudi Aramco aims to begin planned IPO on November 3: sources

Saudi Aramco aims to announce the start of its initial public offering (IPO) on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure cornerstone investors.

Uber says will not share electric bike rider data with Los Angeles

Uber Technologies Inc said it would not share real-time location data of its electric bike riders with the city of Los Angeles, saying it would violate their privacy.

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