Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
Federal Reserve Vice Chair Richard Clarida said Friday the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
The death comes as federal and state health officials investigate a slew of lung illnesses in connection to e-cigarette use.Health and Scienceread more
Supreme Court Justice Ruth Bader Ginsburg has completed a three-week course of radiation therapy for cancer, the top court said in a statement Friday.Politicsread more
Epstein, a former friend of Presidents Donald Trump and Bill Clinton, was arrested by FBI agents in New Jersey in early July as he stepped off his private plane, which had...Politicsread more
Lowe's is vying for a category of customer that Home Depot has traditionally dominated — the professional contractor.Retailread more
The president tweeted Friday morning that he was ordering "our great American companies" to "immediately start looking for an alternative to China."Marketsread more
(Writes through with full statement, context on Bayer-Monsanto deal)
FRANKFURT, May 12 (Reuters) - Bayer said on Sunday it was hiring an external law firm to investigate French media complaints that Monsanto, the U.S. seed maker it took over last year, had compiled a file of influential personalities.
The German life sciences and pharmaceuticals group said that, following an internal review, it understood that this initiative had raised concerns and criticism.
"This is not the way Bayer seeks dialogue with society and stakeholders. We apologise for this behaviour," Bayer said in a statement. It added, however, that there was no indication that compiling the lists was illegal.
French prosecutors opened an inquiry on Friday after newspaper Le Monde filed a complaint alleging that Monsanto had compiled a file of 200 names, including journalists and lawmakers, in the hope of influencing their positions on pesticides.
The French investigation is the latest fallout from Bayer's $63 billion takeover of Monsanto. It already faces potentially heavy costs from U.S. class-action lawsuits in which plaintiffs argue that its Roundup weedkiller causes cancer.
Bayer shares have shed more than 40 percent since a first adverse U.S. judgment on Roundup last August, leaving the company with a market capitalisation smaller than the price it paid for Monsanto.
Shareholders delivered a rare rebuke to CEO Werner Baumann's management team at Bayer's annual general meeting last month, with a majority voting against ratifying the executive board's business conduct in 2018.
Commenting on the French allegations, Bayer said its law firm would inform all of the individuals on the Monsanto list about the information collected about them. Bayer would also "fully support" the French prosecutor's investigation.
Matthias Berninger, Bayer's new head of public and government affairs, would evaluate the matter internally and assess the behaviour of people involved, both inside and outside the company.
"Our highest priority is to create transparency," Bayer said, adding that the Monsanto manager responsible for the issue had left the company soon after the takeover.
"Bayer stands for openness and fair dealings with all interest groups," it added.
"We do not tolerate unethical behaviour in our company. Of course, this also applies to data protection regulations in all jurisdictions in which we operate." (Writing by Douglas Busvine Editing by Keith Weir)