Top News & Analysis Ohio

  • April 17- At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. Across the United States, drivers, regional operators and industry officials say the $700 billion U.S. trucking sector slipped in late 2018, with the fall continuing into this year. An ACT Research index of truck carrier...

  • April 12- General Electric Co will pay a $1.5 billion civil fine to resolve a long-running U.S. probe into defective subprime mortgages from its former WMC Mortgage unit prior to the 2008 global financial crisis. The U.S. Department of Justice on Friday said the accord resolves claims that GE concealed the poor quality of the loans and WMC's lax fraud controls...

  • LOS ANGELES, April 10- President Donald Trump's trade war with China has U.S. companies shifting purchases of tariff-targeted products like furniture, refrigerators and car tires to countries such as Vietnam, South Korea, Taiwan and Mexico, according to a new analysis released on Wednesday. Overall U.S. imports of containerized freight from China fell 6.4...

  • WASHINGTON, April 10- Tronox Ltd has reached a settlement with U.S. antitrust enforcers that will allow it to move forward with its purchase of much of Cristal's titanium dioxide business, the Federal Trade Commission said on Wednesday. It had previously valued the assets at $700 million, and a British company, INEOS Enterprises AG, agreed to buy the plants.

  • April 7- A physician ally of Purdue Pharma LP whose views helped drive the explosive growth in the use of addictive pain relievers for common aches and pains in the United States has agreed to testify against the OxyContin maker and other drug companies, newly disclosed court records show. Russell Portenoy, a professor at the Albert Einstein College of Medicine,...

  • April 5- The Centers for Disease Control and Prevention and several other U.S. agencies are investigating an E.coli outbreak in five states, the CDC said https://www.cdc.gov/ecoli/2019/o103-04-19/map. html on Friday. The CDC, the U.S. Department of Agriculture's Food Safety and Inspection Service, the U.S. Food and Drug Administration and several states are...

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. "We have been very encouraged by the initial results of our center redesigns and expansions," Aron Levine, head of Consumer Banking& Investments for Bank of America told Reuters.

  • April 5- Bank of America Corp said on Friday that more than half of its branch network will be modernized over the next three years to respond to changing consumer behavior. By 2021, Bank of America's branch and ATM network will cover more than 90 percent of the U.S. population, said David Tyrie, head of consumer advanced solutions and digital banking.

  • The move by Oklahoma Attorney General Mike Hunter came ahead of an upcoming May 28 trial, the first in the United States to result from roughly 2,000 lawsuits seeking to hold manufacturers of painkillers responsible for contributing to the epidemic. Opioids were involved in a record 47,600 overdose deaths in 2017 in the United States, according to the U.S....

  • *U.S., China make progress on trade deal. March 28- U.S. stocks swung between gains and losses on Thursday, as optimism fueled by progress in U.S.- China trade talks was overshadowed by fears of an economic slowdown after a cut in fourth-quarter GDP growth. "As more and more investors look at the data, it does point to slower growth," said Chad Oviatt, director of...

  • *US 10- year bond yields slip. NEW YORK, March 27- U.S. stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a U.S. economic slowdown. But it will put a pause in the market, "said Alan Lancz, president of Alan B. Lancz& Associates Inc, an investment advisory firm based in Toledo, Ohio.

  • *U.S. trade deficit narrows sharply as exports rebound. NEW YORK, March 27- The S&P 500 and Nasdaq fell on Wednesday as U.S. bond yields fell again and a prolonged inversion in the yield curve fanned growth worries. But it will put a pause in the market, "said Alan Lancz, president, Alan B. Lancz& Associates Inc, an investment advisory firm, based in Toledo, Ohio.

  • March 26- OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fueling an opioid abuse epidemic. The settlement unveiled by Oklahoma Attorney General Mike Hunter on Tuesday was the first to result from a...

  • March 26- OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fueling an opioid abuse epidemic. The settlement unveiled by Oklahoma Attorney General Mike Hunter on Tuesday was the first to result from a...

  • March 26- OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of helping fuel the opioid abuse epidemic, people familiar with the matter said on Tuesday. On Monday, the Oklahoma Supreme Court rejected an effort by the...

  • March 26- Purdue Pharma LP and members of the wealthy Sackler family that own the OxyContin maker have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing the company of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday. The settlement with Oklahoma Attorney General Mike Hunter is the...

  • March 26- Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the maker of painkiller OxyContin of helping fuel an opioid abuse epidemic, a person familiar with the matter said on Tuesday. The settlement with Oklahoma Attorney General Mike Hunter came just weeks before Purdue, owned by members of the wealthy Sackler family, faced the...

  • March 26- Purdue Pharma LP has agreed to settle a lawsuit by the state of Oklahoma accusing the OxyContin painkiller maker of helping fuel an opioid abuse epidemic, a person familiar with the matter said. Hunter's 2017 lawsuit accuses Purdue, Johnson& Johnson& Teva Pharmaceutical Industries Ltd of engaging in deceptive marketing that downplayed the risks of...

  • March 25- Oklahoma's top court on Monday declined to delay a landmark trial set for May in a multibillion-dollar lawsuit accusing OxyContin maker Purdue Pharma LP and two other drugmakers of helping fuel an opioid abuse and overdose epidemic in the state. The Oklahoma Supreme Court's decision was a win for the state's attorney general, whose case is set to be...

  • WASHINGTON, March 22- The U.S. Commerce Department has found China unfairly subsidized steel wheels exported to the United States and sold them at prices below fair value, the department announced on Friday in its final determination. It opened the investigation after receiving complaints from Accuride Corporation of Evansville, Indiana, and Maxion Wheels...