Friday 29 October 2021

Reuters Business: Publicis loses bid to escape Massachusetts opioid marketing lawsuit

Publicis loses bid to escape Massachusetts opioid marketing lawsuit

A unit of French advertising company Publicis Groupe SA on Friday lost a bid to dismiss a lawsuit by Massachusetts' attorney general claiming it helped OxyContin maker Purdue Pharma LP fuel the U.S. opioid epidemic.

Wall Street shakes off Amazon, Apple weakness to end modestly higher

U.S. stocks shook off early declines and closed out the last trading day of the month with modest gains on Friday as a rise in Microsoft helped offset declines in Amazon and Apple after disappointing quarterly earnings from the online retailer and iPhone maker.

Wall Street shakes off Amazon, Apple weakness to end modestly higher

U.S. stocks shook off early declines and closed out the last trading day of the month with modest gains as a rise in Microsoft helped offset declines in Amazon and Apple after disappointing quarterly earnings from the online retailer and iPhone maker.

FAA has 'deep concern' about 5G network plan on aviation safety -- letter

The Federal Aviation Administration (FAA) has raised significant concerns about a plan to use spectrum for 5G wireless networks on aviation safety and is planning to issue a formal warning about the issue, according to sources and a letter seen by Reuters.

Pharmacy chain operator Giant Eagle settles Ohio opioid lawsuits mid-trial

Regional pharmacy chain operator Giant Eagle Inc (GIAEG.UL) on Friday said it had agreed to settle lawsuits accusing it of fueling the opioid epidemic in several Ohio communities, including two counties that had taken it and three larger rivals to trial.

Wall Street recovers from early lows on Microsoft boost

U.S. stocks shook off early declines and the S&P 500 and Nasdaq inched to fresh intraday highs on Friday as gains in Microsoft helped offset declines in Amazon and Apple after disappointing quarterly earnings from the online retailer and iPhone maker.

Dollar climbs as inflation builds case for higher rates

The dollar index continued to rebound from prior-day losses on Friday after U.S. government bond yields rose on news that the Federal Reserve's preferred inflation measure showed prices continuing to rise faster than its 2% target.

After Facebook change, Big Tech's FAANG considers toothless MAANG

MAANG? MANGA? Or MAMATA? Facebook's rebranding to Meta Platforms has launched a search for a new name for the high-flying FAANG group that also includes Apple, Amazon.com, Netflix and Alphabet.

Move over Apple, Microsoft now the world's most valuable company

Apple Inc lost its crown as the world's most valuable public company to Microsoft Corp on Friday, as the iPhone maker's shares continued their downward slide.

IMF struggling over long-awaited 'green debt swap' push as COP26 nears

The IMF is narrowing its push for debt-for-climate swaps to focus on countries without major debt issues and has dropped plans to release a joint proposal with the World Bank before next week's UN climate conference, according to sources familiar with the matter.

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