Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the CEO Alex Gorsky earlier this month insisted that the iconic brand was safe. That’s harder for him to say now that the FDA has told the company it discovered asbestos in a bottle.
Business & Financial News, U.S & International Breaking News
Asia shares slip on Brexit snag, Texas Instruments' revenue woes
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal.
Boeing ousts senior executive as 737 MAX crisis grows
Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.
EU moves towards Brexit delay as PM Johnson seeks election to break impasse
EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse.
North Korea leader Kim vows to clear South Korea relics from Kumgang resort
North Korean leader Kim Jong Un said South Korean facilities in the North's Mt Kumgang tourist resort must be removed and rebuilt in a modern way, state media reported on Wednesday, underscoring the cooling of relations between the two countries.
To go big on EVs, Japanese car makers think super-small
As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese rivals are taking a niche approach and steering towards cheaper, pint-sized runabouts to make costly battery technology more accessible.
Chile's Pinera seeks forgiveness from hard-pressed citizens, offers rescue package
Chile's President Sebastian Pinera announced an ambitious raft of measures on Tuesday, aiming to quell protests against his government with a guaranteed minimum wage, a hike in the state pension offering and the stabilization of electricity costs.
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