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U.S. Business

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Where the Purdue Pharma-Sackler legal saga stands
KFC to sell Beyond Meat’s plant-based ‘fried chicken’ in the southern U.S.
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Warren Buffett exits newspaper business as Berkshire sells publications for $140-million
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Federal Reserve likely to hold rates as coronavirus worries grow
technology
Analysts raise Apple price targets, betting iPhone rebound will continue
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Pompeo urges Britain to reconsider granting Huawei a role in 5G networks

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economy
U.S. goods trade deficit widens in December; pending home sales slump
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L Brands CEO reportedly in talks to step aside and sell Victoria’s Secret
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Mastercard beats profit estimates on strong holiday spending
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international business
Trump signs USMCA bill into law, clearing way for Ottawa to begin its own ratification process
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McDonald’s sales rise more than expected, boosted by store revamps and new items
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General Electric expects to cut 737 Max engine deliveries by half in 2020 but sets higher cash target
OxyContin maker Purdue is ‘Pharma Co X’ in U.S. opioid kickback probe, sources say
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Chipotle Mexican Grill pays $1.4-million fine in vast child labour case
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Apple’s iPhone back to growth as company braces for coronavirus impact
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Starbucks sees hit as coronavirus prompts over 2,000 China store closures

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economy
U.S. budget deficit to top $1-trillion in 2020 despite strong economy, CBO says
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BorgWarner to buy Delphi Technologies in $3.3-billion auto parts deal
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Pfizer misses profit expectations as sales of pain treatment Lyrica sink 68 per cent
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Harley-Davidson’s shares skid on steeper revenue drop
U.S. business investment weak; consumer confidence at five-month high
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Chicken, or an egg? McDonald’s introduces new breakfast sandwich options in U.S.
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3M forecasts 2020 profit below estimates on weak China demand
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Xerox stands by HP buyout plans as profit beats estimates
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U.S. attorney announces $145-million settlement in opioid kickbacks case
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Boeing secures more than $12-billion in financing amid 737 Max crisis: report
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U.S. new-home sales fall unexpectedly, low mortgage rates lend support
GM spending $2.2-billion to build electric vehicles at Detroit plant
Johnson & Johnson CEO testifies he ‘did not read all the documents’ related to potential asbestos in baby powder
Sorrento Therapeutics rejects nearly $1-billion offer, shares fall
economy
Economic survey suggests U.S. labour market may have peaked
Trump’s promised ‘massive’ U.K. trade deal faces major challenges
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Online mattress retailer Casper slashes IPO valuation
Allergan sells assets to Nestle and AstraZeneca to help $63-billion AbbVie deal
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FAA tells U.S. airlines it could approve 737 Max return to service before mid-year: sources
U.S. senator calls Tesla’s Autopilot branding 'inherently misleading’
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