Abbott Labs and Reckitt Benckiser shares surge on court’s baby formula ruling

A court in St. Louis, Missouri ruled in favor of Abbott Laboratories and Reckitt Benckiser over claims their specialized baby formula caused users to develop a bowel disease called NEC

Business - MarketWatch - 11 hours ago

Reckitt Shares Surge After Baby Formula Lawsuit Win

Shares in Reckitt Benckiser topped the Stoxx Europe 600 Index after a U.S. court cleared the company of liability in a case concerning its baby formulas.

Business - The Wall Street Journal - 10 hours ago

Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - Yesterday

Lysol Maker Reckitt Benckiser Beats Views as Easing Prices Draw Shoppers

Lysol maker Reckitt Benckiser’s revenue fell by less than expected in the third quarter as declines in sales volumes eased, and confirmed its targets for the full year.

Business - The Wall Street Journal - October 23

Embattled Abbott Labs comes through with a strong quarter, buyback announcement

Abbott Labs delivered for investors who stuck with the stock despite legal woes that emerged earlier this year.

Business - CNBC - October 16

Court of Appeal sides with UK consumers over ‘secret’ car loan commissions

Close Brothers shares plummet after landmark ruling that puts sector at risk of redress

Business - Financial Times - October 25

Abbott Labs beats Q3 sales and earnings expectations, raises full-year outlook

Abbott Laboratories on Wednesday reported better-than-expected third-quarter earnings and sales, boosted by strength in the company’s medical-devices business.

Business - MarketWatch - October 16

Tokyo Metro Shares Surge in Trading Debut

The initial public offering by the operator of subways in Tokyo is the largest since SoftBank Corp.’s $21 billion IPO in 2018.

Business - The Wall Street Journal - October 22

Texas Supreme Court Halts Execution in Shaken Baby Case

Robert Roberson had been set to be executed on Thursday night for the death of his 2-year-old child. But after a bipartisan intervention by Texas lawmakers, the Supreme Court issued a stay.

Top stories - The New York Times - October 18

Kenvue shares surge after activist Starboard takes stake

Starboard Value has amassed a significant stake in Kenvue, which spun out of Johnson & Johnson in mid-2023.

Business - CNBC - October 21

Tokyo Metro shares surge 45% on first day of trading

Tokyo Metro ‘s float on the Tokyo Stock Exchange marked Japan’s largest initial public offering since SoftBank’s ¥2.65 trillion listing in 2018

Business - MarketWatch - October 23

Tesla’s Shares Surge 20% After Strong Earnings and Outlook

The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.

Business - The New York Times - October 24

HSBC shares surge on another $3 billion buyback plan and earnings beat

HSBC shares increased 4% on Tuesday as the British bank beat analysts’ earnings expectations for the third quarter and launched another $3 billion share buyback plan.

Business - MarketWatch - 3 days ago

Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending

The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.

Business - The Wall Street Journal - 21 hours ago

'Shaken baby syndrome' execution on hold after Texas Supreme Court decision

Robert Roberson was sentenced to death based on the largely discredited "shaken baby syndrome" hypothesis.

US election bets surge after court lifts ban

Traders on prediction markets narrowly favour a Trump victory over Harris next month

World - Financial Times - October 15

Texas Supreme Court halts execution in 'shaken baby syndrome' death

Texas is preparing to put Roberson to death Thursday in what would be the nation's first execution involving a case of "shaken baby syndrome."

Supreme Court Ruling Means Italy’s ‘Bunga Bunga’ Saga Is Not Over

The ruling sets the stage for yet another trial related to the scandal involving Silvio Berlusconi, the former prime minister of Italy who died last year.

World - The New York Times - October 14

People with felony records can vote in Nebraska, court rules

Nebraska’s high court says people with felony records can register to vote in a decision with implications for the upcoming election

Supreme Court declines to block Biden's climate rule for power plants — for now

The Supreme Court on Wednesday declined to block a Biden administration rule setting climate standards for power plants — but hinted it could take up the case at a later time. The high court ...

Politics - The Hill - October 16

Harris warns of Supreme Court immunity ruling leaving Trump with 'no guards'

During a campaign rally in Green Bay, Wis., Vice President Kamala Harris said the stakes of the election "are even higher" in the wake of the Supreme Court's presidential immunity ruling.

Politics - NBC News - October 18

Texas supreme court blocks execution of man in late-night ruling

Robert Roberson, 57, who has long claimed innocence over death of daughter, has for now been spared. The Texas supreme court has blocked the execution of a man on death row in a late-night ruling ...

World - The Guardian - October 18

A ‘New Day’? Justices Step Back, Slightly, From an Aggressive Climate Stance.

The Supreme Court’s decision to not temporarily block an E.P.A. rule this week signals ‘rising influence’ of Justice Barrett, one analyst said.

World - The New York Times - October 18

Tennessee court rules doctors who provide emergency abortions can't be disciplined

Three judges in Tennessee issued an injunction that temporarily protects doctors in the state from being disciplined for performing medically necessary abortions. The temporary injunction was ...

Politics - The Hill - October 18

Meloni sticks to Albania migrant camps scheme despite court ruling

World - Yahoo News - October 19

Qantas to Expedite Payments to Former Ground Handlers After Court Ruling

Australia’s largest airline said it will work to expedite payments to former staff after a court ruling indicated the carrier could be on the hook for tens of millions of dollars in payments.

Business - The Wall Street Journal - October 20

Georgia’s new election rules scrutinized by courts as voting begins

Georgia judges are picking apart controversial new election rules in the state as record-breaking amid early voting. The rules, imposed by Georgia’s Republican-led State Election Board, stood to ...

Politics - The Hill - October 22

Georgia Supreme Court won't step in to reinstate controversial election rules

The rules passed by the Georgia State Election Board included one that would require ballots be hand-counted.

German court rules against Deutsche Bank in Postbank acquisition lawsuit

Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs, including interest accrued to date.

Business - CNBC - October 23

Heineken liable for competition violations by Greek unit, Dutch court rules

Judgment over infractions stretching back to 1990s leaves brewer open to hundreds of millions of euros in potential damages

Business - Financial Times - October 24

PSG to go to courts over Mbappé $60M pay ruling

Paris Saint-Germain will take their wage dispute with Kylian Mbappé to court after the Ligue de Football Professionnel (LFP) ruled in favor of the France captain.

Sports - ESPN - 6 days ago

Appeals court rules against GOP in challenge to North Carolina voter rolls

A federal appeals court ruled against national and state Republicans in a challenge to 225,000 voter registrations in North Carolina, reversing a lower court's ruling sending the challenge back to ...

Politics - The Hill - 3 days ago

How the Supreme Court has ruled on 2024 election-related cases

A majority of Supreme Court justices ruled to allow Virginia to proceed with removing roughly 1,600 alleged noncitizens from its voter rolls. This comes just days before the Nov. 5 election and as ...

Thousands of ballots are at stake as the Supreme Court considers Pennsylvania voting rules

Pennsylvania’s mail balloting policies have been the focus of intense litigation since the 2020 election.

Appeals court rules 4 Trump co-defendants can’t move Georgia election charges to federal court

An appeals court ruled Thursday that four people charged alongside former President Trump in his Georgia election racketeering case cannot move their charges from state to federal court. Known as ...

Politics - The Hill - October 24

Latest in Abbott Labs and Reckitt Benckiser shares surge on court’s baby formula ruling