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Top News & Analysis St Louis

  • James Bullard

    The Fed should wait on any rate increases until inflation is clearly heading to the Fed's 2 percent target, St. Louis Fed President says.

  • June 21- Missouri on Wednesday became the third U.S. state to accuse major drug manufacturers of fraudulently misrepresenting the risks of opioid painkillers now at the center of a national addiction epidemic. Missouri Attorney General Josh Hawley said his office filed a lawsuit in a state court in St. Louis against Purdue Pharma LP, Johnson& Johnson and units...

  • ST. LOUIS— Missouri Attorney General Josh Hawley on Wednesday filed suit against three large pharmaceutical companies, saying their "campaign of fraud and deception" led to a startling opioid crisis in the state. Hawley, a Republican, filed suit St. Louis Circuit Court, naming Endo Pharmaceuticals, Purdue Pharma, and Janssen Pharmaceuticals.

  • June 21- Missouri on Wednesday became the third U.S. state to accuse major drug manufacturers of fraudulently misrepresenting the risks of opioid painkillers now at the center of a national addiction epidemic. Missouri Attorney General Josh Hawley said his office filed a lawsuit in a state court against Purdue Pharma LP, Johnson& Johnson's Janssen...

  • Bottles of Johnson & Johnson baby powder line a drugstore shelf in New York.

    Johnson & Johnson is seizing upon a U.S. Supreme Court ruling from Monday limiting where injury lawsuits can be filed to fight off claims it failed to warn women that talcum powder could cause ovarian cancer.

  • A fifth of the plaintiffs have cases pending in state court in St. Louis, where juries in four trials have hit J&J and a talc supplier with $307 million in verdicts. Those four cases and most of the others on the St. Louis docket involve out-of-state plaintiffs suing an out-of-state company. "We believe the recent U.S. Supreme Court ruling on the Bristol-Myers Squibb...

  • ST. LOUIS— A Supreme Court ruling this week could have a "chilling effect" on the many lawsuits filed in St. Louis claiming talcum powder causes a deadly form of cancer in women, including cases under appeal in which stricken women and their survivors have been awarded more than $300 million, experts said Tuesday. Almost immediately after the Supreme Court ruling, St....

  • WASHINGTON, June 19- The Supreme Court on Monday slapped limits on where injury lawsuits may be filed for the second time in three weeks, again siding with businesses that want to prevent plaintiffs from "shopping" for friendly courts for their cases. In an 8-1 ruling, the justices overturned a lower court's decision that had allowed hundreds of out-of-state...

  • ST. LOUIS— A St. Louis judge has declared a mistrial in a talcum powder trial after the U.S. Supreme Court placed limits on where injury lawsuits could be filed. The St. Louis Post-Dispatch reports that St. Louis Circuit Judge Rex Burlison on Monday declared a mistrial in a case in which two out-of-state plaintiffs are part of a suit against Johnson& Johnson, claiming...

  • Critics said in a court filing that failing to block the FCC rule "will usher in a wave of media consolidation." As part of the $3.9 billion deal, Sinclair has said it may still have to sell certain of its stations, such as those in St. Louis and Salt Lake City, to comply with FCC regulations. But last year, the FCC, under Democratic President Barack Obama, said those rules...

  • Critics said in a court filing that failing to block the FCC rule "will usher in a wave of media consolidation." As part of the $3.9 billion deal, Sinclair may still have to sell certain of its stations, such as those in St. Louis and Salt Lake City, in order to comply with FCC regulations, the company has said. But last year, the FCC, under Democratic President Barack Obama,...

  • *Ex-FBI director has no doubt Russia meddled in U.S. election. *Exit polls show hung UK parliament likely. NEW YORK, June 8- The "Trump trade" made a comeback on Thursday on Wall Street but the S&P and Dow industrials ended flat as former FBI director James Comey said President Donald Trump fired him to undermine an investigation into Russian meddling into last...

  • *Former FBI director says no doubt Russia meddled in US election. NEW YORK, June 8- The' Trump trade' made a comeback on Thursday on Wall Street but major indexes were in and out of negative territory as former FBI director James Comey said President Donald Trump fired him to undermine an investigation into Russian meddling into last November's U.S. election.

  • *May nonfarm payrolls up by 138,000 vs 185,000 expected. *Unemployment rate falls to 4.3 pct from 4.4 pct in April. June 2- The Dow Jones Industrial Average and S&P 500 were little changed after data showed job growth slowed in May, suggesting that a bounce in the labor market was losing steam.

  • Bankruptcy Judge Kathy Surratt-States of St. Louis to reject a request by an official committee of creditors to hire an expert to review pre-bankruptcy transactions. Creditors have said in court filings that San Francisco private equity funds Golden Gate Capital and Blum Capital, which together hold 98.5 percent of the company and control its board,...

  • NEW YORK, May 25- U.S. Treasury yields fell on Thursday ahead of a $28 billion sale of seven-year notes, the final part of $88 billion worth of coupon-bearing government supply this week. "We are not going to break out this range unless there is a change on the outlook of the economy or the Fed is going to change its policy tune," said Brian Rehling, co-head of global fixed...

  • May 24- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported quarterly profit and comparable sales that missed analysts' estimates, in contrast to the strong results reported by larger rival Home Depot Inc last week. This led to weak sales of outdoor products such as plants and patio furniture, which typically made up about 35 percent of the company's...

  • BRUSSELS- European Central Bank Executive Board Member Peter Praet will participate in the moderation of a high-level panel on "How to address the still low level of banking integration?" BRUSSELS- ECB Vice President Vitor Constancio will give a speech on "Banking union and capital markets union: Interaction and synergies" at the Joint ECB/European Commission...

  • BRUSSELS- European Central Bank Executive Board Member Peter Praet will participate in the moderation of a high-level panel on "How to address the still low level of banking integration?" BRUSSELS- ECB Vice President Vitor Constancio will give a speech on "Banking union and capital markets union: Interaction and synergies" at the Joint ECB/European Commission...

  • FRANKFURT- ECB Executive Board Member Yves Mersch and Bundesbank President Jens Weidmann deliver speeches at a symposium on payment systems of the Bundesbank. FRANKFURT- ECB governing council meeting, followed by interest rate announcement. FRANKFURT- European Central Bank Executive Board Member Yves Mersch will give speech on "Vision 2020 of the...