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 CEO eyes solid 2016 growth despite crisis

    Volkswagen has a chance of posting solid growth in its operating business this year even as it grapples with its diesel emissions scandal and a strategic repositioning, Chief Executive Matthias Mueller said. Cost reductions at Europe's largest automaker are “in full swing” at individual brands and across the group, Mueller said at Volkswagen's (VW) earnings…

  • VW CEO eyes solid 2016 growth despite crisis

    Volkswagen has a chance of posting solid growth in its operating business this year even as it grapples with its diesel emissions scandal and a strategic repositioning, Chief Executive Matthias Mueller said. Cost reductions at Europe's largest automaker are “in full swing” at individual brands and across the group, Mueller said at Volkswagen's (VW) earnings…

  • Obama wants $1.9B to fight Zika: Where does it stand?

    WASHINGTON (AP) — President Barack Obama's $1.9 billion request for emergency money to combat the Zika virus has been sitting before Congress for more than two months, and there's no obvious path forward despite a growing threat in the hot summer months and increasing public anxiety.

  • Obama wants $1.9B to fight Zika: Where does it stand?

    WASHINGTON (AP) — President Barack Obama's $1.9 billion request for emergency money to combat the Zika virus has been sitting before Congress for more than two months, and there's no obvious path forward despite a growing threat in the hot summer months and increasing public anxiety.

  • Significant premium hikes expected under Obama health law

    WASHINGTON (AP) — Expect insurers to seek significant premium increases under President Barack Obama's health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer.

  • Disease experts to compare Zika notes in Paris

    Some 600 disease experts from 43 nations will gather in Paris on Monday to pore over scant but increasingly worrisome data emerging about the Zika virus sweeping Latin America and threatening the world. Scientists and public health specialists will discuss the virus' links to microcephaly, a disorder that causes severe brain damage in babies, and…

  • 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…