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Philip Morris responds to Brazil lawsuit over health costs

Philip Morris responds to Brazil lawsuit over health costs

A multinational tobacco company issued a response on Thursday after Brazil's attorney general filed a lawsuit seeking to recover costs by the public health care system in treating smoking-related illnesses.The suit filed Tuesday against Philip ...

General strike slows commerce in Nicaragua

General strike slows commerce in Nicaragua

A general strike called by Nicaragua's opposition to demand the release of political prisoners is having mixed effects.Small businesses, some supermarkets and private schools were closed in the capital on Thursday. But pharmacies and gas ...

Pot backers ask Maine to put locals, small businesses first

Pot backers ask Maine to put locals, small businesses first

Maine's marijuana enthusiasts used a public hearing on Thursday to implore the state to protect the small businesses and growers they think should make up the backbone of the state's budding cannabis industry.The Maine Office ...

Tesla shares bounce on leaked memo about rising sales

Tesla shares bounce on leaked memo about rising sales

Shares of Tesla, suffering one of the worst stretches in company history, rebounded Thursday after CEO Elon Musk told employees that orders are up.The gyrations Thursday were indicators of a volatile day for the shares, ...

US long-term mortgage rates slip; 30-year average at 4.06%

US long-term mortgage rates slip; 30-year average at 4.06%

U.S. long-term mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective purchasers in the spring homebuying season.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate ...

US new-home sales fell 6.9% in April

US new-home sales fell 6.9% in April

Sales of new U.S. homes sank 6.9% in April, driven by a decline in the sale of homes worth less than $300,000 that are generally bought by middle class and first-time buyers.The Commerce Department said ...

Deutsche Bank ready for more cuts as share price sags

Deutsche Bank ready for more cuts as share price sags

The CEO of Deutsche Bank says he is ready to make "tough cuts" as he aims to strengthen the struggling bank's profitability and raise a "disappointing" share price. Christian Sewing made the statement Thursday in front ...

Former Nissan chairman Ghosn appears in Tokyo court

Former Nissan chairman Ghosn appears in Tokyo court

Nissan's former chairman, Carlos Ghosn, appeared in a Japanese courtroom Thursday for a hearing ahead of his trial on accusations of financial misconduct.It was the first of a series of hearings to iron out logistics ...