Business News

Maker of OxyContin reaches $270M settlement in…

The maker of OxyContin and the family that owns the company have reached a $270 million settlement with the state of Oklahoma over the prescription painkiller's role in the nation's deadly opioid crisis

Fuel prices, the US dollar take off, and drag on…

Carnival, facing rising fuel costs and a strong US currency, trims its outlook for the year

US stocks edge higher as early rally loses…

U.S. stocks are holding on to modest gains in afternoon trading after a strong rally lost much of its early momentum

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Key senator urges White House to fill top Pentagon post

The Republican chairman of a key Senate committee is urging the White House to quickly nominate someone to lead the Pentagon

EU parliament backs copyright bill targeting US…

European Union lawmakers have approved a long-fought bill to give writers and artists more protection of their creative rights and incomes

The Latest: UK lawmakers to debate Brexit…

British lawmakers will hold a non-binding debate next week on canceling the country's departure from the European Union, after an online petition calling for Brexit to be stopped amassed more than 5.7 million signatures

Uber acquires Mideast competitor Careem for $3.1…

Ride-hailing service Uber acquires Mideast competitor Careem for $3.1 billion in largest tech sale in the region

Pioneering medical drone program takes off in…

A pioneering use of drones to fly blood samples across a North Carolina hospital campus launched Tuesday in the latest move to expand their roles in business and health care

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EU ignores US calls to ban Huawei in 5G security…

European Commission avoids banning Huawei in blueprint for 5G cybersecurity

Dems cry foul as Trump calls for striking down…

Trump administration says Obama health law should be struck down in its entirety

Lawmakers denounce plan to divert military money…

House lawmakers are denouncing Defense Department plans to use military funds to pay for President Donald Trump's border wall

California utility fined for its handling of nuke…

The Nuclear Regulatory Commission is fining Southern California Edison $116,000 for violations in its handling of nuclear canisters at the shuttered San Onofre Nuclear Generating Station

US targets 'vast network' for evading Iran sanctions

The Trump administration is moving to break up a group of Iranian-linked companies that it says have been evading U.S. sanctions against Iran to the tune of more than a billion dollars

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