Business News

  • Wall St. opens higher as tech stocks rise, oil rebounds
    (Reuters) - U.S. stocks opened higher on Monday as technology stocks rose and oil prices climbed from last week's seven-month lows. ... Read more »
  • 'Pharma bro' Martin Shkreli heads into fraud trial
    NEW YORK (Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, will go on trial on Monday for what U.S. prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once... Read more »
  • Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor
    TOKYO (Reuters) - Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. In the... Read more »
  • U.S. auto sales seen down 2 percent in June: JD Power and LMC
    DETROIT (Reuters) - U.S. auto sales in June likely fell 2 percent from a year earlier despite large discounts for consumers, presenting a fresh sign that automakers are heading into a downturn, industry consultants J.D. Power and LMC Automotive said on Monday. ... Read more »
  • U.S. core capital goods orders, shipments falter in May
    WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter. ... Read more »
  • Oil holds above November lows but under threat from U.S. supply
    LONDON (Reuters) - Oil edged up for a third straight session on Monday, climbing off last week's seven-month lows but with gains capped by the relentless rise in U.S. supply and bloated global inventories. ... Read more »
  • Pharmacy executive tied to 2012 U.S. meningitis outbreak to be sentenced
    BOSTON (Reuters) - A former Massachusetts pharmacy executive who was convicted of racketeering and fraud charges for his role in a deadly U.S. meningitis outbreak in 2012 is scheduled to be sentenced on Monday. ... Read more »

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