Financial Performance

FedEx profit falls, company cites uncertainty over trade

Sep 17, 2019

FedEx's profit drops 11% as the company is hit by slowing global growth and loss of business with Amazon

The Latest: Other opioid claims move ahead amid bankruptcy

Sep 16, 2019

Lawyers representing local governments say claims blaming the drug industry for the opioid crisis will continue even after one key company filed for bankruptcy protection

Purdue Pharma files for bankruptcy as part of settlement

Sep 16, 2019

The company that made billions selling OxyContin has filed for bankruptcy protection

PG&E reaches $11B deal with California wildfire insurers

Sep 13, 2019

A group of insurance companies representing claims from 2017 and 2018 Northern California wildfires reached an $11 billion settlement with Pacific Gas & Electric

Chaotic talks show challenge of reaching opioid settlement

Sep 13, 2019

The judge overseeing national litigation over the opioids crisis for months has urged all sides to reach a settlement that could end thousands of lawsuits filed by state and local governments, but developments this week underscore how difficult that is

Catholic diocese in upstate New York files for bankruptcy

Sep 12, 2019

A Roman Catholic diocese in upstate New York has become the latest to declare bankruptcy amid a wave of lawsuits over alleged sexual abuse of children

Alibaba's Ma steps down as industry faces uncertainty

Sep 10, 2019

Alibaba founder Jack Ma steps down as its chairman as Chinese e-commerce faces rapid change, uncertainty in tariff war

US stocks edge higher following mixed jobs report

Sep 6, 2019

Stocks edged higher on Wall Street in midday trading Friday as investors weighed new data showing U.S. employers added fewer than expected jobs in August even as the unemployment rate remained near the lowest level in five decades

Lego aims to expand sales in China, India

Sep 3, 2019

Toy maker Lego says its revenue rose 4% in the first half of 2019 but significant investments to create long-term growth led to a 12% drop in net profit

A pharmaceutical fortune, dispersed in a global labyrinth

Aug 29, 2019

An Associated Press review of court papers, securities filings and documents leaked from an exclusive Bermuda law firm shows that the Sackler family that owns Purdue Pharma has shielded its wealth in a web of companies and trusts, much of it overseas

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