Business

NBC News reports: As the nation’s opioid crisis was deepening, the company that makes a powerful prescription painkiller considered marketing an anti-addiction drug to “an attractive market” of people with addictions, according to allegations in court documents made public Thursday. The attorney general’s office in Massachusetts is suing Connecticut-based Purdue Pharma, along with some company executives and members of the …

The Orlando Weekly reports: Although Gay Days has been celebrated at the Disney parks for decades, ever since the first one in 1991 (right here in Orlando!), Disneyland Paris has just made history by becoming the first to organize an official LGBTQ Pride event, finally acknowledging openly that pink money pays their bills, too. Magical Pride happens June 1, 2019, …

Yahoo News reports: Just months after recalling frozen breaded chicken tenderloins over fears they were contaminated with plastic last June, Tyson has issued an alert over its chicken nuggets. A statement issued by the USDA’s Food Safety and Inspection Service says that 36,420 pounds of the food company’s chicken nuggets may have been contaminated with rubber, resulting in a recall. …

The Hill reports: Harley-Davidson said on Tuesday that their earnings per share were essentially wiped out in the final quarter of 2018 after the company got caught up in President Trump’s tariff war. Bloomberg reported Tuesday that Harley-Davidson’s profit, excluding tariff and restructuring costs, was 17 cents per share, falling short of analysts’ average estimate of 29 cents per share. …

The Associated Press reports: Pacific Gas & Electric Corp., the nation’s biggest utility, filed for bankruptcy reorganization Tuesday in a bid to relieve itself of some of the billions of dollars in damages it could face as a result of California’s devastating wildfires. The Chapter 11 filing allows PG&E to continue operating while it puts its finances in order. But …

Business Insider reports: Apple temporarily disabled group FaceTime calls after it was alerted to a major bug, which allows iPhone or iPad users to secretly hear what someone is saying before they answer the call. Twitter CEO Jack Dorsey was among those advising people to disable FaceTime until Apple releases a fix, which it said could be as early as …

The Atlantic reports: These days, the difference between the parties is starker than it’s ever been in modern times. Yet here comes Howard Schultz, a billionaire who feels that he might be the answer to American politics, and that he’d run for president as an independent. Schultz, the former Starbucks CEO, says in a 60 Minutes interview already recorded but …

The Wall Street Journal reports: Billionaire Ken Griffin, who is becoming almost as known for his prodigious purchases as he is for his investment acumen, has closed on a New York penthouse for roughly $238 million. The deal sets a record for the highest-priced home ever sold in the U.S. The purchase is the latest in a string of record-breaking …

The Washington Post reports: Advisers to former Starbucks CEO Howard Schultz have been exploring the possibility of launching an independent bid for the White House in 2020, according to two people who have been informed of the discussions. The entry of a high-profile billionaire Democrat outside the traditional party structure would add an unpredictable dynamic to the increasingly sprawling campaign …

The New Jersey Advance reports: New Jersey’s Democratic governor and legislative leaders have reached a highly anticipated agreement to raise the state’s minimum wage to $15 an hour for most workers by 2024. Under the deal, many workers would see their wages rise gradually to a $15 an hour, though some, including those employed by small businesses with five or …

The Wall Street Journal reports: China’s trade surplus with the U.S. hit a record last year, as robust American demand for Chinese goods undercut the Trump administration’s tariff offensive aimed at narrowing the countries’ lopsided trade gap. China recorded $323.32 billion in surplus with the U.S. in 2018, representing a 17% jump from the figure in the previous year, according …

Business Insider reports: Gillette is calling on men to step it up. A new ad, called “We Believe” and lasting a minute and a half, encourages men to to change their behavior. It directly invokes the #MeToo movement in order to directly confront America’s culture of “toxic masculinity.” “Gillette believes in the best in men; that by holding each other …

The Wall Street Journal reports: PG&E Corp. said it will seek Chapter 11 bankruptcy protection, a day after the company’s CEO stepped down over the financial fallout spurred by the utility’s role in helping spark the California wildfires. The company and its wholly owned subsidiary, Pacific Gas & Electric Co., said they plan to file a petition on or around …

The Wrap reports: Tucker Carlson has lost another advertiser: seafood chain Red Lobster confirmed to The Wrap that it will drop the prime time Fox News program. “Red Lobster’s advertising buying guidelines reflect our core values and commitment to supporting programming that represents the highest standards of good taste, fair practice and objectivity. We reserve the right to make changes …

CNBC reports: Sears has rejected Chairman Eddie Lampert’s bid to save the company, setting the storied retailer on a path to liquidation, people familiar with the situation tell CNBC. Sears plans to announce its liquidation plans this morning, the people said. Lampert had put forward a $4.4 billion bid to save Sears and 50,000 jobs by buying it out of …

CNBC reports: Amazon is now the largest company by market value, overtaking Microsoft’s hold on the title. Amazon’s ended trading Monday with a market value of about $797 billion, compared with Microsoft’s $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last …

Reuters reports: California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is considering the move as a contingency, in part because it could soon take a …

Investors Business Daily reports: A big haircut in the quarterly revenue outlook for Apple sent U.S. shares tail-spinning in what has become a common refrain in stocks today for the past few months. The Dow Jones industrial average and the Nasdaq composite acted as co-leaders of the sell-off, each falling 2.8% to 3% and ending practically at the session’s low. …

Business Insider reports: Apple CEO Tim Cook on Wednesday warned investors that the company expects to fall as much as $9 billion short of its earlier revenue target for the first fiscal quarter of 2019. In a rare guidance revision, Cook pointed to a struggling market in China as the biggest factor for the change. Cook added that “rising trade …

The Wall Street Journal reports: More than three dozen drugmakers raised the prices on hundreds of medicines in the U.S. on Tuesday, according to an analysis from Rx Savings Solutions, which sells software to help employers and health plans choose the least-expensive medicines. The average increase was 6.3%, according to the analysis, including increases on different doses for the same …