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Friday, January 19, 2018

Fed keeps interest rate unchanged amid low inflation

The Federal Reserve declined Wednesday to raise its benchmark interest rate amid a low inflation rate that's lagging despite a strong job market.

Canada says oil pipeline capacity lacking

Oil transportation from the Canadian market remains dependent in part on rail transport because of insufficient pipeline capacity, a federal report said.

Mylan finalizes $465M settlement over EpiPen billing lawsuit

Mylan, the drug company that manufactures the anti-allergy injector EpiPen, finalized a $465 million settlement with the federal government stemming from allegations it over-billed Medicaid for the drug.
Investors Sue Volkswagen

Investors Sue Volkswagen In Emissions Scandal

A $3.7 billion lawsuit against Volkswagen AG says the company's failure to inform markets during its emissions scandal adversely affected its stock price.

Toys ‘R’ Us considers bankruptcy as vendors tighten screws

Toys 'R' Us may file for bankruptcy before the holiday season as vendors cut shipments to the company on account of its efforts to refinance billions of dollars of debt.