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Top News & Analysis Phoenix

  • Cruise Automation, a San Francisco- based self-driving software company owned by General Motors Co., aims to begin testing in New York City early next year. GM and Cruise are applying to operate in New York under a new pilot program announced Tuesday by New York Gov. Volkswagen AG's Audi brand and GMs's Cadillac also have demonstrated semi-autonomous...

  • NEWARK, N.J.— New Jersey's largest city sued several opioid manufacturers, claiming they engaged in deceptive advertising practices and made false claims that "created a public nuisance" and unjustly enriched the companies. Newark Mayor Ras Baraka announced the lawsuit seeking unspecified monetary damages on Friday. According to the lawsuit, the majority of...

  • BOSTON— The Latest on lawsuits against Insys Therapeutics Inc.:. New Jersey Attorney General Christopher Porrino said that "the conduct alleged in our lawsuit is nothing short of evil." Arizona sued Insys in August, and Illinois reached a $4.5 million settlement with the company.

  • TRENTON, N.J.— A drug company that makes a powerful fentanyl painkiller spray has engaged in conduct that is "nothing short of evil," New Jersey's attorney general said Thursday after the state became the latest to file a lawsuit against the firm. Meanwhile, Massachusetts Attorney General Maura Healey announced a $500,000 settlement with the company on Thursday...

  • JAKARTA/ TORONTO, Sept 29- Freeport-McMoRan Inc, the world's second-largest publicly traded copper company, strongly disagrees with a proposed divestment plan by the government of Indonesia, according to a company letter reviewed by Reuters on Friday. The Sept. 28 letter to Indonesia's finance ministry reflects persistent and deep divisions between...

  • NEW YORK, Sept 26- People hate buying cars, because they think the seller will take advantage of them. Buying a car "is the second-largest expense our clients are likely to have after buying a house," said Rick Kagawa, a certified financial planner in Huntington Beach, California. If you walk into a dealership for a test drive, you are going to get the hard sell, so...

  • BERLIN, Sept 24- Germany's Social Democrats vowed to return to the opposition and push themes of social justice as they remake their party after winning less than 21 percent of the vote in Sunday's election, the worst result in their post-war history. Germany's oldest political party and one of the buttresses of the European left for 150 years, the SPD struggled...

  • Aug 31- Arizona sued Insys Therapeutics Inc on Thursday, accusing the drugmaker of engaging in a fraudulent marketing scheme aimed at increasing sales of a fentanyl-based cancer pain medicine called Subsys. The lawsuit by Arizona Attorney General Mark Brnovich in Maricopa County Superior Court in Phoenix comes during a series of federal and state...

  • The lawsuit by Arizona Attorney General Mark Brnovich in Maricopa County Superior Court in Phoenix comes during a series of federal and state investigations centered on Insys' Subsys opioid drug. The lawsuit, filed in Maricopa County Superior Court in Phoenix, accused Insys of paying doctors sham speaker fees in exchange for writing prescriptions of Subsys...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. #FreeportTaatIndonesiaBerdaulat, or " Freeport is obedient, Indonesia is a sovereign state". Indonesia's President Joko Widodo was the driving force behind the agreement demanding the...

  • NEW YORK, Aug 30- Standard& Poor's warned on Wednesday of grim consequences for the U.S. economy if the White House and lawmakers fail to reach a deal to keep the government open and avert a default. The likelihood of either outcome, however, remains slim, with the urgency to address massive damage from Tropical Storm Harvey, the most powerful storm to hit Texas in over...

  • After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media. The bombastic statement illustrates Indonesia's view that the dispute with Freeport over the mine was all about asserting the country's rights to its mineral resources.

  • JAKARTA, Aug 30- Indonesia's government left no doubts as to who it believes got the better deal in its landmark agreement with Freeport McMoRan Inc on the future of the Grasberg copper mine. After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media.

  • *Freeport can apply for immediate 10- yr permit extension at Grasberg mine. Freeport, the world's biggest publicly traded copper company, can apply for an immediate 10- year permit extension to mine at Grasberg beyond 2021, said Indonesian Energy and Mineral Resources Minister Ignasius Jonan. "The mandate of the president, which has been agreed to by Freeport,...

  • JAKARTA, Aug 29- Indonesia's mining minister said on Tuesday that the government has reached an agreement with Freeport-McMoRan Inc to allow the U.S. miner to apply for a permit to keep operating its giant Grasberg copper and gold mine in the country. Freeport, the world's biggest publicly traded copper company, can apply for an immediate 10- year permit...

  • Alec Baldwin as President Donald Trump on "Saturday Night Live."

    Alec Baldwin brought back his Trump impersonation after the president's rally in Phoenix this week, USA Today reports.

  • NEW YORK, Aug 23- Stocks on Wall Street fell, the dollar sagged and rates on Treasury debt slipped on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico rankled investors. How much emphasis to put on Trump's remarks is hard to say, said John Canavan, market strategist at Stone& McCarthy...

  • NEW YORK, Aug 23- Stocks on Wall Street fell, the dollar sagged and rates on Treasury debt slipped on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico raised investor angst. Dovish comments by ECB chief Mario Draghi had little market impact though investors kept a close eye on monetary...

  • *Trump ready to shut govt to build Mexico border wall. Aug 23- U.S. stocks opened sharply lower on Wednesday, giving back some gains from a day earlier, after President Donald Trump warned of a government shutdown to build the Mexico border wall and also threatened to scrap a trade agreement with Mexico and Canada. Trump also said he might scrap the North American...

  • President Donald Trump's threat to scrap the NAFTA trade pact is little more than a negotiating tactic, aimed at his political base, that should neither scare nor surprise Mexico, the country's foreign minister said on Wednesday as the peso weakened. Initial talks to re-negotiate NAFTA between Mexico, the United States and Canada ended in Washington this...