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Business & Lifestyle

Johnson & Johnson loses $417 million verdict in talc powder suit

LOS ANGELES (UPI) -- A Los Angeles jury on Monday awarded $417 million to a 62-year-old women who blames Johnson & Johnson's talc powder on her ovarian cancer. Johnson & Johnson has lost four smaller jury verdicts in St. Louis for a total of $300 million, including $110 million to a 62-year-old Virginian woman in May. They are also facing 5,500 additional claims in U.S. courts. The Los Angeles Superior Court jury determined world's largest healthcare company failed to warn Eva Echeverria and other women […]

todayAugust 21, 2017 2

Automotive News

Most expensive British car ever sold goes for $22.5 million

MONTEREY, Calif. (Heartland Newsfeed/UPI) -- During an auction at Monterey Car Week in California this past weekend, the most expensive British car ever sold exchanged hands for the sum of $22.5 million. According to a report from the British newspaper The Telegraph, the 1956 teal and white Aston Martin DBR1 was sold to an unnamed buyer who called into the auction to place bids. Aston Martin enthusiasts consider the DBR1 as the best model produced in the car manufacturer's storied history. […]

todayAugust 21, 2017 22

Business & Lifestyle

Illinois Policy Institute: Moody’s warns delay of state funding for Illinois schools a ‘credit negative’

SPRINGFIELD/CHICAGO (Illinois Policy Institute) -- State lawmakers keep giving ratings agencies reasons to downgrade Illinois government: pension crises, years of bad budgets and a two-year budget impasse are just a few examples. All have caused the credit ratings of various Illinois governments – from cities to universities to the state itself – to collapse. Many are now junk-rated and the state is just one notch away from junk itself. Now the ratings agencies have yet another reason to downgrade some […]

todayAugust 21, 2017 2

Business & Lifestyle

Lawsuit alleges Poland Spring water isn’t from a spring

STAMFORD, Conn. (UPI) -- A lawsuit filed in Federal court in Connecticut claims Poland Spring water is not actually from a spring and is "common groundwater." The suit alleges the bottled water comes from wells in populated areas, some of which are located near landfills and other potential sources of contamination. Stamford, Conn.,-based Nestle Waters North America, the parent company of Poland Spring, denied the suit has any merit and said the eight springs where Poland Spring water originates meet the […]

todayAugust 19, 2017 6

Business & Lifestyle

Former Uber CEO Kalanick replies to venture capital firm’s lawsuit

SAN FRANCISCO (UPI) -- Uber co-founder and former CEO Travis Kalanick filed a reply in court to a fraud lawsuit brought by an investor. Legal documents submitted Thursday by Kalanick in Delaware Chancery Court said a lawsuit by Benchmark Capital was initiated "as part of its public and personal attack" on him. Benchmark was an early Uber investor. It sued Kalanick earlier in August, accusing him of fraud, breach of contract and breach of fiduciary duty in his attempt to remain CEO of the […]

todayAugust 18, 2017 15

Business & Lifestyle

Texas town opens $72 million high school football stadium, most expensive in country

KATY, Texas (UPI) -- A small town in southeast Texas unveiled its brand-new $70 million high school football stadium, the most expensive such venue in the country -- for now. Legacy Stadium in Katy, which has a population of about 14,000 people, will be able to seat 12,000 spectators. More than just a football field for one town, it'll serve as the playing grounds for all varsity football games in the Katy Independent School District, which encompasses several towns outside Houston and has […]

todayAugust 17, 2017 6

Business & Lifestyle

Mylan finalizes $465 million settlement over EpiPen billing lawsuit

WASHINGTON (UPI) -- 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. The Justice Department alleged Mylan violated the False Claims Act by knowingly listing the EpiPen as a generic drug, which is subject to lower rebates under federal law, despite the fact there is no equivalent competitor to lower the price. In order to prevent states from suffering price gouging by […]

todayAugust 17, 2017 9

Business & Lifestyle

No Powerball winner Wednesday, next jackpot worth $510 million

TALLAHASSEE, Fla./RAYMOND, Ill. (Heartland Newsfeed/UPI) -- No one became $432 million richer overnight. Lottery officials said no tickets in the United States hit all five Powerball numbers in Wednesday night's draw. That means Saturday's drawing will offer more than a half-billion dollars -- $510 million -- or a cash option of $324 million. Although Wednesday's results - 9, 15, 43, 60 and 64, with 4 for the Powerball number -- yielded no grand prize winner, tickets hitting five of the six matching […]

todayAugust 17, 2017 14

Business & Lifestyle

China overtakes Japan as largest U.S. creditor with $1.1 trillion owed

BEIJING/WASHINGTON (UPI) -- China has once again become the United States' largest creditor, Treasury Department figures released Wednesday indicate. China sold off some of its U.S. Treasury bonds last year to prop up its own currency, the yuan, but its holdings of U.S. government debt have increased this year to $1.15 trillion, an increase of $44 billion since June. The policy means the United States currently owes China more money than any other country. Japan held that position for the past eight months but […]

todayAugust 16, 2017 4

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