Phillips 66 (PSX) Moves Lower on Volume Spike for January 22
Phillips 66 (PSX) traded on unusually high volume on Jan. 22, as the stock lost 2.41% to close at $93.00. On the day, Phillips 66 saw 4.67 million shares trade hands on 25,312 trades. Considering that the stock averages only a daily volume of 3.1 million shares a day over the last month, this represents […]
Stocks Sink on Growth Fears and Possible Snag in Trade Talks
Stocks take a steep loss to end a four-day winning streak after the International Monetary Fund cut its annual growth forecast for the global economy. NEW YORK — Stocks fell sharply Tuesday following new signs the global economy is weakening and reports of difficulties in trade talks between the U.S. and China. That broke a […]
Tesla Says It Has No Agreement With Chinese Battery Maker Lishen
SHANGHAI – Tesla Inc denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it had received quotes from the Chinese battery maker but did not proceed further. “We have not signed any agreement of any kind with them,” a Tesla spokeswoman […]
J&J, U.S. States Settle Hip Implant Claims for $120 Million
Johnson & Johnson and its DePuy Orthopaedics unit have agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over the company’s metal-on-metal hip implants. Attorneys general of 46 U.S. states announced the settlement agreement in statements on Tuesday. They alleged DePuy engaged in unfair and deceptive practices in the promotion […]
U.S. Will Seek Extradition of Huawei CFO From Canada
WASHINGTON/DAVOS, Switzerland – The U.S. Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China’s Huawei Technologies Co Ltd’s, arrested in Canada in December. The United States has accused Meng Wanzhou of misrepresenting the company’s links to a firm that tried to sell equipment to Iran despite U.S. […]
USDA Says Exploring Options to Continue Food Stamps Amid Shutdown
WASHINGTON – The Trump administration said on Tuesday it is exploring ways to keep providing food assistance to America’s poor if a partial government shutdown continues much longer, and urged lawmakers to end the uncertainty with a budget deal stalled by President Donald Trump’s demand for funding for border wall with Mexico. The administration’s position […]