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J&J unit sued over ‘defective’ hip implants

Bloomberg A Johnson & Johnson unit was accused of injuring hundreds of patients by selling “defective” hip implants, according to lawyers suing the company on the first day of a London trial. Some of DePuy International Ltd.’s Pinnacle hip replacement parts cause metal particles to be released into the body, causing a range of health problems, lawyers for the 341 ...

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Daimler moves to separate Mercedes, trucks

Bloomberg Daimler AG is firming up plans for its biggest corporate overhaul in a decade, granting its car and truck operations more independence in a move that could pave the way for spinoffs and other deals as the automaker confronts the disruptive shift to self-driving electric vehicles. Under the plan, the German automotive giant would break up its conglomerate structure ...

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AmEx fee accusations get US court hearing

Bloomberg The US Supreme Court accepted a case that could roil the credit-card business, agreeing to consider reviving government allegations that American Express Co. thwarts competition by prohibiting merchants from steering customers to cards with lower fees. A federal appeals court had thrown out the lawsuit, saying the US government and 11 states failed to prove that the American Express ...

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