• VW's Proposed Settlement With Dealers Said To Be $1.2 Billion
    Volkswagen and its 650 U.S. dealers announced they had reached a settlement at a hearing in federal court in San Francisco yesterday without disclosing the amount. Sources told several media outlets it comes to to $1.2 billion.
  • Mylan Attacked On Multiple Fronts For EpiPen 'Price Gouging'
    It's been years in the making but the controversy swirling around Mylan's jacking up the price of its auto-injector EpiPen, which can be a life-saving intervention for children suffering from severe allergic reactions, is gathering multiple angles and increasing force as the week goes on.
  • Best Buy Results Show There's Life In Retail Yet
    Best Buy yesterday offered up 2Q 2017 results that surprised analysts not only with positive same-store sales growth - up 0.8% in the U.S. - but also demonstrated that "free" two-day free shipping, a streamlined checkout system and price-matching can be an effective competitive play online.
  • U.S. Panel Okays ChemChina's Takeover Of Syngenta
    The Committee on Foreign Investment in the United States (CFIUS), the high-level national security panel out of the Treasury Dept., has given the go-ahead to China National Chemical Corp.'s (ChemChina) $43 billion purchase of the Swiss seed-and-pesticide firm Syngenta.
  • Oncology Drugs Motivate Pfizer's $14-Billion Deal For Medivation
    Pfizer announced early Monday that it had agreed on a $14-billion deal to acquire San Francisco-based Medivation, a biotech firm specializing in oncology, beating out a handful of rivals who have also expressed interest.
  • Uber Bringing Self-Driving Volvos To Pittsburgh Soon
    Nowadays the distant future has a way of becoming tomorrow or the next day almost as quickly as you can hail a self-driving Uber - which is precisely what you'll be able to do in downtown Pittsburgh by the end of this month if all goes the way Uber CEO Travis Kalanick says it will.
  • Succumbing To Phone Wars Reality, AT&T Axes Overage Fees
    AT&T announced new rate plans yesterday that eliminate surcharges for exceeding data limits in favor of slowing speeds down to a level where users really won't want to try viewing those new Pinterest Promoted Video ads. On the plus side, they won't be fretting about an extra $20 charge for exceeding 300 MB of data on its cheapest plan.
  • Ford Promises A Fleet Of Self-Driving Cars By 2021
    Just five years from now, CEO Mark Fields and other Ford executives made clear in a whirlwind of media appearances, interviews, a press conference and a call with analysts yesterday, it will have a fleet of vehicles navigating highways and byways without steering wheels, brakes or gas pedals.
  • FTC Sues 1-800 Contacts; Beauty Marketers Joust Over Proposed FDA Regs
    The Federal Trade Commission last week sued 1-800 Contacts for, it alleges, preventing at least 14 unnamed competitors from buying search advertisements in signed marketing agreements that resulted in "at least some consumers" paying higher retail prices than they would have.
  • Cook Tackles Big Themes As Apple Rumors Swirl
    Even as rumors about Apple's forthcoming iPhone 7, Apple Watch 2 and other products heat up, CEO Tim Cook talks with the Washington Post's Jena McGregor in a sprawling interview that touches on everything from the mistakes he's made in the five years since he succeeded Steve Jobs to the rosy gold future of the iPhone to privacy issues, his gay-rights activism, the people he calls for advice and his summer reading list.
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