RSS Feed

News Tribune Financial

Company will ‘cut’ price of drug after gouging accusations

Single pill cost jumped from $13.50 to $750

The company that sparked an angry backlash after it raised the price of a drug for treating a deadly parasitic infection by more than 5,000 percent says it will roll back some of the increase.

CEOs of Aetna, Anthem make case for mergers

Leaders of two major health insurers planning multibillion dollar acquisitions made their case to Congress that bigger can mean better in their industry, but concerns are being raised in Washington about how these deals will affect consumers and competition.

Study: Employers shifting more medical costs to workers

Employers are leaving a bigger chunk of the bill for care to workers who use their health insurance, and benefits experts see few signs of this trend slowing.

US stocks fall sharply as investors mull Fed's rate decision

Fears over slowing global growth hammered stocks in the U.S. and Europe on Friday and lifted prices of government bonds and other assets seen as safer bets.

Got a $100 million tax bill? Your check is no good at the IRS

No checks, please. Starting next year, your check won’t be any good at the IRS — if you’re making a tax payment of $100 million or more. The IRS says it will reject all checks for more than $99,999,999 because check-processing equipment at the nation’s Federal Reserve banks can’t handle checks that big.

US unemployment benefit applications dropped to 275,000

Fewer Americans applied for unemployment benefits last week, keeping this key indicator of labor market health near historic lows.

US stocks close higher as investors parse Fed’s next move

Stocks in the U.S. bucked a global market slump Thursday as investors look ahead to a crucial Federal Reserve meeting next week on interest rates.

Judge approves settlement in RadioShack gift card dispute

Electronics retailer RadioShack on Thursday won court approval of a settlement involving priority treatment of certain gift-card holders in the company’s bankruptcy and has agreed to sweeten the deal for other cardholders.

Justice Dept. encourages prosecutions of corporate execs

Despite challenges in bringing such cases, the Justice Department is renewing its commitment to prosecuting corporate executives for financial misdeeds, Deputy Attorney General Sally Yates said Thursday.

Stocks gain as European central bank says it’s ready to act

U.S. stocks moved slightly higher Thursday as markets calmed after a recent bout of turmoil.

Why today’s US jobs report could affect Americans’ finances

With the Federal Reserve edging into the spotlight, today’s jobs report for August could trigger eventual changes in Americans’ financial lives.

Google refines logo as it prepares to join Alphabet

Google is refining its famous logo as it prepares to become a part of a new holding company called Alphabet.

Shell pauses Arctic offshore drilling for high wind, water

Strong winds and high waves that pounded the northern coast of Alaska have led Royal Dutch Shell PLC to temporarily stop exploratory oil drilling in the Arctic Ocean.

US stocks close nearly flat after a wild week

U.S. stocks are ending the day little changed at the end of a volatile week.

Tease photo

A Q&A with Wall Street’s top psychiatrist on market turmoil

When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies research from behavioral science to financial markets.