Author: contributor
-
Buffett defends Berkshire’s big Coke stake
Warren Buffett on Saturday vigorously defended Berkshire Hathaway Inc’s large, long-standing investment in Coca-Cola Co, rejecting critics who say the company’s sugary drinks harm people’s health. Speaking at Berkshire’s annual shareholder meeting in Omaha, Nebraska, Buffett said it seemed “spurious” to argue that calories from Coke alone were a significant factor in obesity levels. Hedge…
-
U.S. approves first drug for psychosis linked to Parkinson’s
Acadia Pharmaceuticals Inc’s drug for psychosis linked to Parkinson’s disease was approved in the United States on Friday, becoming the first treatment for the condition to get a nod in the country. The U.S. Food and Drug Administration, however, asked Acadia to include a black-box warning, its strictest warning, on the drug’s label for an…
-
VW brand chief ‘confident’ of solving cost-cutting row with labor
Volkswagen's top brand executive is confident that management and labor will solve a dispute over cost-cutting at the core autos division and signaled readiness on Sunday to meet some of workers' demands. Volkswagen's (VW) powerful labor leaders earlier this month accused brand chief executive Herbert Diess of betraying workers and trying to use the diesel…
-
U.S. judge allows CIA interrogation lawsuit to proceed
A U.S. judge on Friday refused to dismiss a lawsuit against the former military psychologists who developed the CIA's interrogation program during George W. Bush's presidency, handing a major victory to a group of men who said they were tortured in secret prisons abroad. U.S. District Court Judge Justin Quackenbush's decision to allow the case…