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A landmark trial over the U.S. opioid epidemic is on track to begin on Monday after drug companies and local governments failed to agree on a settlement on Friday that had been expected to be valued at around $50 billion. Top executives of the largest U.S. drug distributors and drugmaker Teva Pharmaceutical Industries Ltd left a Cleveland courthouse on Friday and lawyers for states and thousands of local governments said there was no agreement. Paul Hanly, a lawyer for local governments that brought the bulk of the thousands of lawsuits stemming from the addiction crisis, said his team "fully expect" a trial to begin Monday....
If you're buying Ford (NYSE:F) stock today, you're speculating on a big future for electric cars.Source: Art Konovalov / Shutterstock.com Ford is planning to show an electric crossover SUV at an auto show early next year. It is building a network of 12,000 charging stations for it, and future electric vehicles. It will call its network FordPass.The new Mach E will have Mustang styling, a 300-mile range and a Tesla (NASDAQ:TSLA) price of about $40,000. If that sounds high, consider that a 2018 Ford F-250 pick-up truck was selling today on Carvana (NYSE:CVNA) for $45,000.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFord has bet $11 billion on electrics and hybrids under the name Project Edison. The Mach E will be the first of 16 electric vehicles it hopes to introduce by 2022. Within three years most of Ford's product line will have electric versions. Electric Vehicles Are the FutureThe...
Oracle Corp's 62-year-old co-chief Mark Hurd died on Friday morning, the company said, an unexpected development that raises pressure on co-CEO Safra Catz to lead the business software maker's ongoing transition to cloud computing. Last month, Hurd went on a medical leave for unspecified health reasons, while Catz and founder Larry Ellison took over his responsibilities during the absence. "Oracle has lost a brilliant and beloved leader who personally touched the lives of so many of us during his decade at Oracle," Ellison wrote in an email to company employees....
More troubles for Sears as the company is forced to borrow more money. Yahoo Finance's Adam Shapiro reports....
Morgan Stanley equity strategist Michael Wilson suggested Oct. 14 that the mini-trade deal with China announced by Donald Trump the previous week is not going to help stocks reverse their course and move higher despite the two-day rally on the news. "The bottom line is that without a significant roll-back of existing tariffs, we don't see how a 'mini-deal' will change the currently negative trajectory of growth in both the economy and earnings," Wilson stated. Furthermore, Wilson sees the December 2018 bloodbath for stocks repeating itself, albeit in a slightly less dramatic fashion due to the fact monetary policy has eased and interest rates are lower.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast year, U.S. stocks declined more in the month of December than they had since the Great Depression, with the S&P 500 and Dow Jones Industrial Average losing 9% and 8.7%, respectively. If Wilson is correct, it's...
The British pound initially pulled back a bit during the week but then shot through the roof and slammed into the 1.30 level. Ultimately, this is a market that has possibly gotten ahead of itself as Parliament is yet to vote on the deal Boris Johnson struck....
