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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Nov 07, 2019
Page
6
State attorneys general pressed a federal bankruptcy judge for more time to negotiate with Purdue Pharma and its owners as a temporary stay on their lawsuits nears expiry. They aim for a six week extension, continuing efforts amid a tentative September settlement with other states and local governments. The Associated Press.
Detroit federal court information filed Wednesday accuses 58,000 watches scheme partner Joe Ashton of conspiracy to commit wire fraud and money laundering. The 58,000 watches were purchased for $3.97 million with a $250,000 kickback, linked to a GM UAW training center. Ashton's former role atop GM's UAW department and board seat ties to broader corruption fallout implicating other officials and ongoing labor talks.
U S stocks wobbled between tiny gains and losses in early trading as investors digest solid corporate earnings. CVS Health and DaVita led health care gains while Lumber Liquidators slid after weak results. HP jumped on takeover chatter with Xerox. energy and telecoms fell. The Dow rose mildly, the S&P 500 held steady, and international markets rose overall despite mixed regional cues.
The Bank of England is expected to keep its 0.75 percent rate as Britain faces a general election on December 12 and ongoing Brexit uncertainty. Growth forecasts for 2020 may be revised down while investment remains hampered by Brexit and political gridlock, with some voices urging rate cuts to support activity.
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