Finance

Mallinckrodt Pharmaceuticals doled out lavish perks for top U.S. employees who hit or beat sales goals for prescription opioids and other drugs: six-figure bonuses and a chance to snag a coveted “President’s Club” award, which could mean vacations to Hawaii, the Caribbean or Mexico. The company placed that same staff in charge of reporting any […]

China’s massive travel restrictions, house-to-house checks, huge isolation wards and lockdowns of entire cities bought the world valuable time to prepare for the global spread of the new virus. But with troubling outbreaks now emerging in Italy, South Korea and Iran, and U.S. health officials warning Tuesday it’s inevitable it will spread more widely in

NEW YORK — Stocksfell sharplyagain on Wall Street Tuesday, piling on losses a day after the market’s biggest drop in two years as fears spread that the growing virus outbreak will put the brakes on the global economy. Nervous investors snapped up low-risk U.S. government bonds, sending the yield on the 10-year Treasury note to

National Economic Director Larry Kudlow on Tuesday claimed the coronavirus is “contained” in the United States after public health officials warned earlier in the day that the virus will likely begin spreading throughout the country. “We have contained this,” Kudlow, President Donald Trump’s top economic adviser, said during an interview with CNBC. “I won’t say

WASHINGTON — Describing windows rattled by industrial blasts and windowsills covered in toxic ash, an African American resident of Texas’ oil hub joined Democratic lawmakers, state officials and others Tuesday in urging the Trump administration to drop a proposed rollback that they said would silence disadvantaged communities battling big polluters. The objections came at the

Amazon is aiming to kill the supermarket checkout line By JOSEPH PISANI AP Retail Writer February 25, 2020, 2:35 PM 3 min read NEW YORK — Amazon is aiming to kill the supermarket checkout line. The online retailing giant is opening its first cashier-less supermarket, the latest sign that Amazon is serious about shaking up

U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August By MARTIN CRUTSINGER AP Economics Writer February 25, 2020, 4:10 PM 2 min read WASHINGTON — U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August. The Conference Board

The National Labor Relations Board announced a new regulation on Tuesday that makes it harder to challenge companies over their labor practices, potentially affecting the rights of millions of workers. The rule, which will take effect on April 27, scales back the responsibility of companies like McDonald’s for labor-law violations by their franchisees, such as

U.S. home prices rose at a faster pace in December as mortgage rates remained low and a falling supply of available properties set off bidding wars between buyers By PAUL WISEMAN AP Economics Writer February 25, 2020, 2:07 PM 1 min read WASHINGTON — U.S. home prices rose at a faster pace in December as

WASHINGTON — President Trump’s visit to India includes a state dinner, tens of thousands of cheering onlookers and even a marching band on camels — but a long-awaited trade deal between the United States and India is notably absent. For the second time since September, when Prime Minister Narendra Modi of India visited the United