Finance

Apples rot on trees as Kashmir strife inflicts economic pain

Kashmir’s apple orchards, backbone of the economy and livelihood for nearly half the region’s people, are deserted with fruit rotting on the trees at a time when they should be bustling with harvesters. Losses are mounting as insurgent groups pressure pickers, traders and drivers to shun the industry to protest an Indian government crackdown. Apple

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Facebook CEO defends refusal to take down some content

Facebook CEO Mark Zuckerberg on Thursday defended the social media platform’s refusal to take down content it considers newsworthy “even if it goes against our standards.” But while he promoted free expression, limitations were place on coverage of his remarks at Georgetown University. Reporters were not allowed to ask questions — only students were given

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Former Pimco Chief To Plead Guilty In College Admissions Scandal

BOSTON (Reuters) – Douglas Hodge, the former chief executive of the investment firm Pimco, has agreed to plead guilty to participating in what prosecutors say is the largest college admissions scam uncovered in the United States, according to a court filing on Thursday. Hodge is scheduled to appear in federal court in Boston on Monday

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Pelosi moves on drug prices despite falling-out with Trump

House Speaker Nancy Pelosi is plowing ahead with her bill allowing Medicare to negotiate prescription drug prices despite a breakdown in relations with her chief bargaining partner on the issue — President Donald Trump. The nonpartisan Congressional Budget Office has estimated the legislation would save Medicare $345 billion over seven years, partly because some seniors

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A Scotch Maker’s Challenge: First Brexit. Now Tariffs.

ISLAY, Scotland — Britain’s planned departure from the European Union has turned distiller Anthony Wills’s workdays into a marathon of logistics. For months, he communicated with importers to ensure that his single malt, whisky distilled from barley harvested from his farm on the windswept isle of Islay, could be shipped to the Continent and the

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J&J agrees to $117M settlement over pelvic mesh devices

Johnson & Johnson has agreed to a $117 million multistate settlement over allegations it deceptively marketed its pelvic mesh products, which support women’s sagging pelvic organs. Ohio’s attorney general said Thursday an investigation found that J&J, the world’s biggest health products maker, violated state consumer protection laws by not fully disclosing the devices’ risks. Numerous

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