By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the[...]
Read more
Business
Wall St ends 2022 with biggest annual drop since 2008
By Echo Wang (Reuters) – U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukrai[...]
Read more
Pentagon awards $7.8 billion F-35 contract modification to Lockheed Martin
WASHINGTON (Reuters) -The U.S. Defense Department said on Friday it had awarded a $7.8 billion contract modification for F-35 aircraft to Lockheed Martin Corp. “This modification adds scope to p[...]
Read more
Bankman-Fried set to enter not guilty plea in FTX fraud case -source
By Jack Queen NEW YORK (Reuters) -Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrup[...]
Read more
Coal, gas lead 2022 commodities rally; recession clouds new year
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Coal and natural gas markets ended 2022 with strong gains on Friday after a global energy crisis triggered by the Russia-Ukraine war stok[...]
Read more
Stocks end 2022 with a thud; Treasury yields, oil prices rise
By Sinéad Carew and Carolyn Cohn NEW YORK, LONDON (Reuters) – Wall Street equity indexes finished lower on Friday on 2022’s last trading day, while Treasury yields rose along with oil futu[...]
Read more
Inflation, recession and earnings among factors to drive U.S. stocks in 2023
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year that lopped about $8 trillion in market capitalization from the S[...]
Read more
Canada’s antitrust tribunal clears C$20 billion Rogers-Shaw deal
By Divya Rajagopal and Akriti Sharma (Reuters) -Canada’s antitrust tribunal approved Rogers Communications Inc’s C$20 billion ($14.77 billion) bid for rival Shaw Communications Inc, ending[...]
Read more
U.S. examining crypto wallets linked to FTX’s Bankman-Fried – Bloomberg News
(Reuters) – Federal prosecutors are looking into a series of crypto transactions that online analysts have tied to digital wallets associated with Sam Bankman-Fried, Bloomberg News reported on F[...]
Read more