John Kapoor, the founder of Insys Therapeutics Inc, on Thursday could be sentenced to several years in prison and ordered to forfeit up to US$113 million for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.
InterContinental Hotels and Hyatt will allow guests to change or cancel stays at most Chinese hotels as a deadly coronavirus outbreak overshadows Chinese New Year holiday plans.
DAVOS, Switzerland: France and the United States agreed on Thursday (Jan 23) how to press ahead with a global rewrite of cross-border tax rules for the digital era, French Finance Minister Bruno Le Maire said. Le Maire said he and US Treasury Secretary Steven Mnuchin had set aside a bilateral ......
Comcast Corp's bid to counter cord-cutting with profitable broadband customers continued to pay off in the fourth quarter, as the company on Thursday beat Wall Street's revenue and profit estimates.
Morrisons , Britain's No. 4 supermarket group, plans to create over 4,000 store jobs, while reducing management roles, it said on Thursday.
Southwest Airlines Co reported a 21 per cent fall in fourth-quarter profit on Thursday (Jan 23) due to Boeing 737 MAX costs and warned that it will likely extend flight cancellations beyond June as the jets look set to remain parked well into this year.
MEXICO CITY/NEW YORK: Mexico is playing a risky game of hide and seek with the oil market. To frustrate speculators and contain an annual bill of more than US$1 billion, Mexico is going to new lengths to mask its attempts to insure its revenue from oil sales against falling...
British officials have formally recommended granting Huawei a limited role in the UK's future 5G network, resisting U.S. calls for a complete ban over fears of Chinese spying, two people with knowledge of the matter told Reuters.
Chinese private equity firm CITIC Capital is actively bidding for a 22 per cent stake in McDonald's Corp's mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on Thursday.
Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1per cent on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.
