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Bloomberg A $4.7 billion jury verdict against Johnson & Johnson in July helped spark the company’s biggest annual share loss in a decade, spotlighting the potential cost of alleged health risks from its popular baby powder. But investors may have overreacted when a St. Louis jury sided with 22 women who claimed asbestos in the powder caused their ovarian cancer. ...

Bloomberg Jeffrey Gundlach said yet again that the US economy is gorging on debt. Echoing many of the themes from his annual “Just Markets” webcast, Gundlach took part in a round-table of 10 of Wall Street’s smartest investors for Barron’s. He highlighted the dangers especially posed by US corporate bond market. Prolific sales of junk bonds and significant growth in ...

Bloomberg Ford Motor Co said it will cut thousands of jobs, weed out slow-selling variants and potentially close entire factories in Europe, as the carmakers’s global cost-cutting drive targets a region that has been a drag on earnings for years. The manufacturer, which employs some 54,000 workers across the region mainly in Germany, the UK and Spain, will also review ...

Bloomberg PG&E Corp, the California utility giant facing billions of dollars in wildfire liabilities, may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation. The San Francisco-based utility owner is planning to send the notice to fulfill a state law that requires the company to alert workers at least ...

Dubai / Emirates Business Dubai Land Department (DLD) identified an increasing demand on its various applications. DLD monitored the activity of its customers, the number of times customers downloaded DLD applications on Android and iOS platforms. The monitoring included DLD’s various applications: Dubai Brokers, Dubai Rest, Dubai Land Department, Ejari, Mashrooi, Rental Disputes Center, Smart Investment Map, and Dubai Real ...

SHABWA / WAM A total of 1,272 food baskets have been distributed by Emirates Red Crescent’s (ERC) convoys across remote and nomadic pastoralist areas in a number of districts in governorate of Shabwa, from which 7,709 eligible locals benefitted. The convoys, fitting within the UAE continued aid programmes in Yemen, reached out to medical and disabled rehabilitation centers as well as ...

Abu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, on Saturday said that the oil market will be ripe for more price corrections by the end of January following the deal reached by Opec and non-Opec members in December to cut their combined oil output by 1.2 million barrels per day to balance ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday received General Austin Scott Miller, Commander of Nato’s Resolute Support Mission and US Forces-Afghanistan. During the meeting, held in Al Shati Palace, they discussed cooperation and joint coordination between the two sides ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai visited the Dubai Future Foundation on Saturday and was briefed on the development of work at various projects undertaken by the foundation. Sheikh Mohammed toured Area 2071, which is designed as a collaborative innovation hub that brings ...

Abu Dhabi / WAM A relentless focus on operational efficiency, while balancing market conditions with long-term future growth, requires a careful, calibrated and agile response from the oil and gas industry, according to Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc). Speaking at the third Atlantic Council Global ...