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Dow posts biggest one-day drop since October as recession fears take hold

6 days ago DieselGasoil Comments Off on Dow posts biggest one-day drop since October as recession fears take hold
NEW YORK (Reuters) – Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years. All three major U.S. indexes closed down about 3%, with the blue-chip Dow posting its biggest one-day point drop since October after 2-year Read More

U.S. stocks stumble on fears of looming recession

6 days ago DieselGasoil Comments Off on U.S. stocks stumble on fears of looming recession
NEW YORK (Reuters) – Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major U.S. indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time in 12 years, a potential signal of Read More

Fidelity battles IRS in court over coal tax credits

1 week ago DieselGasoil Comments Off on Fidelity battles IRS in court over coal tax credits
FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder BOSTON (Reuters) – Fidelity Investments’ courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of Read More

Bayer mediator dismisses report of $8 billion Roundup settlement

2 weeks ago DieselGasoil Comments Off on Bayer mediator dismisses report of $8 billion Roundup settlement
NEW YORK/FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11% higher. FILE PHOTO: Monsanto Co’s Roundup is shown for sale in Read More

Bayer mediator says no Roundup settlement figures have been discussed

2 weeks ago DieselGasoil Comments Off on Bayer mediator says no Roundup settlement figures have been discussed
FRANKFURT (Reuters) – Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, after a report of such a settlement had driven shares as much as 11% higher. FILE PHOTO: The logo of Bayer AG is pictured at the Read More

Bayer stock jumps after reported $8bn offer to settle lawsuits over Monsanto Roundup weed killer

2 weeks ago DieselGasoil Comments Off on Bayer stock jumps after reported $8bn offer to settle lawsuits over Monsanto Roundup weed killer
German pharmaceutical firm Bayer’s shares jumped by up to 11 percent on Friday, after media reported that the company may settle the avalanche of US lawsuits over weed killer Roundup for $8 billion. Bayer has deployed its legal team for talks with former Roundup users’ lawyers, Blomberg reported, citing sources. The negotiations, currently ongoing in Read More

Bayer soars on report of proposed $8 billion Roundup settlement

2 weeks ago DieselGasoil Comments Off on Bayer soars on report of proposed $8 billion Roundup settlement
LONDON (Reuters) – Bayer (BAYGn.DE) shares soared as much as 11% on Friday on a report that the German company has proposed to pay up to $8 billion to settle more than 18,000 U.S. lawsuits related to its glyphosate-based weedkiller Roundup. FILE PHOTO: The logo of Bayer AG is pictured at the facade of the Read More

Bayer soars on report company proposes $8 billion Roundup settlement

2 weeks ago DieselGasoil Comments Off on Bayer soars on report company proposes $8 billion Roundup settlement
FILE PHOTO: The logo of Bayer AG is pictured at the facade of the historic headquarters of the German pharmaceutical and chemical maker in Leverkusen, Germany, May 14, 2019. REUTERS/Wolfgang Rattay/File Photo LONDON (Reuters) – Bayer (BAYGn.DE) shares soared as much as 11% on Friday on a Bloomberg report that the German company has proposed Read More

Diabetes drug maker Novo Nordisk buys pill factory in North Carolina

2 weeks ago DieselGasoil Comments Off on Diabetes drug maker Novo Nordisk buys pill factory in North Carolina
FILE PHOTO: The logo of Danish multinational pharmaceutical company Novo Nordisk is pictured on the facade of a production plant in Chartres, north-central France, April 21, 2016. REUTERS/Guillaume Souvant/File Photo COPENHAGEN (Reuters) – Novo Nordisk said on Tuesday it had bought a factory in North Carolina that would assist in manufacturing and packaging its new Read More