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Oil dives on fears of glut, global economic slowdown

4 mins ago DieselGasoil Comments Off on Oil dives on fears of glut, global economic slowdown
NEW YORK (Reuters) – Oil prices tumbled on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output hitting a market that may see weaker demand if global growth deteriorates as many expect. Pump jacks operate in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, Read More

Tech stocks, upbeat earnings boost Wall Street; Fed in focus

1 hour ago DieselGasoil Comments Off on Tech stocks, upbeat earnings boost Wall Street; Fed in focus
(Reuters) – Wall Street rose on Tuesday, helped by technology stocks, upbeat earnings reports and a rebound in few bellwether stocks, while investors awaited clues on the Federal Reserve’s path for future rate hikes. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 11, 2018. REUTERS/Brendan McDermid Read More

Indian regulator says Reuters report on J&J baby powder 'under consideration'

6 hours ago DieselGasoil Comments Off on Indian regulator says Reuters report on J&J baby powder 'under consideration'
NEW DELHI (Reuters) – India’s federal drug regulator said on Tuesday a Reuters report that Johnson & Johnson (JNJ.N) knew for decades that cancer-causing asbestos lurked in its baby powder was “under consideration”. FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, Read More

J&J moves to limit impact of Reuters report on asbestos in Baby Powder

16 hours ago DieselGasoil Comments Off on J&J moves to limit impact of Reuters report on asbestos in Baby Powder
NEW YORK (Reuters) – Johnson & Johnson on Monday scrambled to contain fallout from a Reuters report that the healthcare conglomerate knew for decades that cancer-causing asbestos lurked in its Baby Powder, taking out full-page newspaper ads defending its product and practices, and readying its chief executive for his first television interview since investors erased Read More

J&J announces $5 billion share repurchase plan

19 hours ago DieselGasoil Comments Off on J&J announces $5 billion share repurchase plan
FILE PHOTO: Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York October 15, 2015. REUTERS/Lucas Jackson/File Photo (Reuters) – Johnson & Johnson (JNJ.N) on Monday announced a share repurchase of up to $5 billion of its common stock. The repurchase plan has no time limit and may be suspended for Read More

S&P 500 hits 14-month low on economic jitters ahead of Fed meeting

19 hours ago DieselGasoil Comments Off on S&P 500 hits 14-month low on economic jitters ahead of Fed meeting
NEW YORK (Reuters) – Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest level in 14 months, on concerns of slowing economic growth ahead of a highly-anticipated decision from the Federal Reserve this week on the course of interest-rate hikes. Traders work on Read More

J&J announces $5 billion share buyback after shares extend losses

19 hours ago DieselGasoil Comments Off on J&J announces $5 billion share buyback after shares extend losses
(Reuters) – Johnson & Johnson (JNJ.N) announced a stock repurchase of up to $5 billion on Monday, following Friday’s Reuters report that the healthcare conglomerate knew for decades that its Baby Powder contained cancer-causing asbestos, which wiped off about $40 billion from the company’s market capitalization. Shares of the company closed down 3 percent on Read More

Wall St. sinks as DoubleLine's Gundlach says stocks are in bear market

21 hours ago DieselGasoil Comments Off on Wall St. sinks as DoubleLine's Gundlach says stocks are in bear market
NEW YORK (Reuters) – Wall Street’s major indexes each slid more than 1 percent on Monday on concerns about slowing growth and as DoubleLine Capital’s Jeffrey Gundlach suggested that U.S. stocks are in a bear market. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2018. Read More

Retailers, health stocks lead Wall Street lower; banks help ease pain

24 hours ago DieselGasoil Comments Off on Retailers, health stocks lead Wall Street lower; banks help ease pain
(Reuters) – Wall Street dropped on Monday, but recovered from a slide of over 1 percent, weighed down by an Amazon-led drop in retailers and weakness in Health stocks, with gains in banks ahead of a widely expected rate hike limiting losses. Traders work on the floor of the New York Stock Exchange (NYSE) in Read More

J&J shares extend losses; company defends Baby Powder as safe

1 day ago DieselGasoil Comments Off on J&J shares extend losses; company defends Baby Powder as safe
FILE PHOTO: A bottle of Johnson and Johnson Baby Powder is seen in a photo illustration taken in New York, February 24, 2016. REUTERS/Shannon Stapleton/Illustration/File Photo/File Photo (Reuters) – Shares of Johnson & Johnson slipped another 2 percent on Monday, extending losses following Friday’s Reuters report that the healthcare conglomerate knew for decades that cancer-causing Read More