Two members of the wealthy Sackler family who own OxyContin maker Purdue Pharma LP offered apologies on Thursday for the role the prescription painkiller has played in the deadly U.S. opioid epidemic but sought to deflect personal responsibility in response to withering criticism from lawmakers.
Google should voluntarily take action immediately to better vet paid-for promotions for financial products, Britain's Financial Conduct Authority said on Thursday after a damning report on the watchdog's handling of a collapsed fund.
The makers of Morbier, a creamy French cheese with a seam of dark ash through its middle, on Friday won their fight against a copycat after the European Union's top court said a lookalike product and the way it is marketed could mislead consumers.
Walmart Inc, which is looking to invest in TikTok, said on Thursday it would partner with the Chinese-owned video-sharing app to sell items seen on a livestream by creators featuring the retailer's fashion merchandise.
:Wall Street's main indexes were set to gain on Thursday on increased optimism over a coronavirus stimulus bill, while an unexpected rise in weekly jobless claims pointed to further economic stress from the COVID-19 pandemic.
Mercedes Benz said on Thursday that it would wind down car production in Brazil, shutting down its small factory dedicated to producing luxury vehicles in the city of Iraccemapolis, costing some 370 jobs.
Pharmaceutical companies should sell COVID-19 vaccines to African countries at discounted rates and allow them to be produced locally to potentially cut costs, the head of the continent's disease control body said on Thursday.
Popular online brokerage Robinhood has agreed to pay a US$65 million fine to settle U.S. Securities and Exchange Commission charges that it misled customers.
EU antitrust regulators on Thursday approved with conditions Alphabet unit Google's US$2.1 billion bid for Fitbit after the world's most popular internet search engine pledged not to hinder rivals and also not to use Fitbit's health data for its advertising.
The number of Americans filing first-time claims for jobless benefits unexpectedly increased last week as a relentless surge in new COVID-19 infections hobbled business operations, offering more evidence that the economy's recovery from the pandemic recession was faltering.
