JPMorgan has cut ties with Purdue Pharma over the OxyContin maker's alleged role in the opioid crisis, forcing it to find a new bank to manage cash and bill payments, sources sad.
Business & Financial News, U.S & International Breaking News
Trade tensions slam Wall St. as global growth worries mount
U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.-China trade war would stymie global economic growth.
Oil plummets, on track for biggest weekly drop in 2019
Oil prices plunged on Thursday, losing about 5% as trade tensions dampened the demand outlook, putting the crude benchmarks on course for their biggest daily and weekly falls in six months.
The kids aren't alright: Japan struggles to protect its most vulnerable children
Miwa Moriya was 6 when social workers told her she was going to a Christmas party, but instead moved her into a group home for about 60 children in a small city in western Japan.
Exclusive: Operator of Venezuelan PDVSA's fleet seeks to detain tankers: document, sources
German shipping firm Bernhard Schulte Shipmanagement (BSM) has moved to legally detain three of Venezuelan PDVSA's oil tankers to collect on late payments owed to it by the state-run oil company, according to a document seen by Reuters and sources close to the decision.
Armstrong on doping past: 'I wouldn't change a thing'
Former cycling champion Lance Armstrong has said he "wouldn't change a thing" about the doping that led to him being stripped of his record seven Tour de France titles, according to details of an interview that will air next week on NBCSN.
India's Modi stuns opposition with huge election win
Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.
Exp: May 19
Exp: May 19
Exp: Jun 19
The FBI, focused intently for years on combating terrorism from abroad, is turning more attention to home-grown, U.S. domestic violent extremists, a senior FBI counterterrorism official said on Thursday.
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