Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval of the claimants. Those cases have for decades caused financial and public relations trouble for J&J, which contends that its now-discontinued talc baby powder and ...
Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company’s flagship products and for protecting users’ online safety, according to Google’s website. ...
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.” McCarthy, a former Spotify and Netflix executive, will become a strategic advisor to Peloton through the end of the year while Karen Boone, the company’s chairperson, and director ...
Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on arcade games. The Dave & Buster’s app will begin to incorporate an option to bet against other players, the company said Tuesday as part of a news release. The arcade company is partnering with Lucra, a company that makes gamification ...
Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another increase after the prior month’s annual gain of 6%, according to the S&P CoreLogic Case-Shiller national home price index released Tuesday. It was the fastest rate of price growth since ...
Staff and visitors have been left stranded and buildings submerged at Kenya’s famous Maasai Mara nature reserve, as the death toll in catastrophic flooding in the country’s southwest rose to at least 188 people. Local authorities ordered some tourist facilities in the National Reserve to close after River Talek, one of the tributaries of the Mara River, burst its banks ...
The United States has formally accused Russia of using chemical weapons “as a method of warfare” against Ukraine and imposed sweeping new sanctions on Russian firms and government bodies. In a statement on Wednesday, the US State Department said it had “made a determination … that Russia has used the chemical weapon chloropicrin against Ukrainian forces in violation of the ...
A photograph of a beaming Princess Charlotte has been released by the Prince and Princess of Wales to mark her ninth birthday. The celebratory snap was posted to the couple’s official social media accounts on Thursday with a note of thanks “for all the kind messages today.” The photo is credited to Catherine, Princess of Wales, and was taken in ...
“You have to ask the Israelis,” Iran’s Islamic Revolutionary Guard Brigadier General Ali Belali says with a smirk when asked how many ballistic missiles the Islamic Republic fired towards Israel in its April 14 strike. But he’s more than happy to show the missiles and drones Iran used in its first ever attack against Israel launched directly from Iranian soil. ...
A 40-something woman was buried in a cave 75,000 years ago, laid to rest in a gully hollowed out to accommodate her body. Her left hand was curled under her head, and a rock behind her head may have been placed as a cushion. Known as Shanidar Z, after the cave in Iraqi Kurdistan where she was found in 2018, ...