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Boeing to take $4.9 billion charge as 737 Max fallout worsens

Business / Corporate Jul 19, 2019

Boeing to take $4.9 billion charge as 737 Max fallout worsens

Boeing Co. plans to record a $4.9 billion accounting charge related to its beleaguered 737 Max jetliner when the company reports quarterly earnings next week. The after-tax charge, equivalent to $8.74 a share, covers potential concessions and considerations for airline customers who have been forced ...

U.S. House approves $15 minimum wage but Senate prospects are dim

Business Jul 19, 2019

U.S. House approves $15 minimum wage but Senate prospects are dim

House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour, but the bill has almost no chance in the Republican-controlled Senate. Passage was assured after centrists won concessions for a slower phase-in, over ...

Drug firm, four people indicted in U.S. painkiller distribution probe

Business Jul 19, 2019

Drug firm, four people indicted in U.S. painkiller distribution probe

Federal authorities say an Ohio-based wholesale drug distributor that's been linked before to the opioid drug crisis has been charged in a painkiller pill distribution conspiracy case. U.S. Attorney Benjamin Glassman in Cincinnati also said Thursday that two former executives of Miami-Luken and two pharmacists ...

Business Jul 18, 2019

Lack of sunshine cools sales of summer products in Japan

A severe lack of sunshine in the Kanto region is cooling sales of summer products, while the temperatures, unusual for this time of the year, are also generating unseasonal demand for hot drinks and food products. According to the Meteorological Agency, the number of hours ...

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