Teva Pharm to pay Oklahoma $85 million to settle opioid claims

BOSTON/JERUSALEM (Reuters) – Teva Pharmaceutical Industries said on Sunday it had agreed an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped to fuel the U.S. opioid epidemic. A man walks past the logo of Teva Pharmaceutical Industries at […]

Huawei shipments could fall by up to a quarter this year: analysts

HONG KONG/SHANGHAI (Reuters) – China’s Huawei, hit by crippling U.S. sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. FILE PHOTO: A salesman turns on a new Huawei P30 smartphone for a customer after Huawei’s P30 and […]

China says U.S. needs to fix 'wrong actions' as Huawei ban rattles supply chains

BEIJING (Reuters) – China said the United States needs to correct its “wrong actions” in order for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered technology shares. Japanese conglomerate Panasonic Corp joined a growing list of global companies that is disengaging from Huawei Technologies […]

Nordstrom cuts 2019 forecast after quarterly results miss big

(Reuters) – Nordstrom Inc on Tuesday cut its forecast for full-year sales and profit after reporting weaker than expected first-quarter results that were hurt by the roll out of a new loyalty program and slow sales of full-priced women’s clothing. FILE PHOTO: The Nordstrom store is pictured in Broomfield, Colorado, February 23, 2017. REUTERS/Rick Wilking/File […]

Exclusive: Western buyers freeze Russian payments over dirty oil outage

MOSCOW (Reuters) – Total and ENI have stopped payments to the Russian firms who sold them contaminated oil and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what they say is the worst disruption to Russian oil supply. FILE PHOTO: A model of a pipeline is seen […]