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Money & Markets

GM-UAW talks take turn for worse; settlement not near

DETROIT — Contract talks aimed at ending a 21-day strike by the United Auto Workers against General Motors have taken a turn for the worse, hitting a big snag over product commitments for U.S. factories, a union official wrote in an email to members. The letter from UAW Vice President ...

Purdue opioid deal blasted as records show $13B to Sacklers

Attorneys general representing nearly half the states and lawyers for more than 500 local governments on Friday blasted the terms of Purdue Pharma’s offer to settle thousands of lawsuits over the nation’s opioid crisis in court filings that also said the company had funneled up to $13 ...

US-Europe dispute threatens main artery of world trade

BRUSSELS — The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world’s biggest trade relationship. After the Trump administration slapped steep tariffs on $7.5 ...

US tariffs on EU goods would include cheese, wine, aircraft

WASHINGTON — The Trump administration plans to impose tariffs on $7.5 billion worth of European imports _ from gouda cheese to single-malt whiskey to large aircraft _ beginning Oct. 18 to retaliate against illegal European Union subsidies for aviation giant Airbus. The latest escalation in ...

2020 Democrats in dash for money before third quarter ends

WASHINGTON — Bernie Sanders said, “I hate asking people for money” — and then asked for money. Joe Biden’s campaign warned that President Donald Trump would “feel like he won” if a fundraising goal wasn’t reached. And Beto O’Rourke offered to “try to text you” in exchange ...

Feds crack Medicare gene test fraud that peddled cheek swabs

WASHINGTON — Federal agents took down an alleged Medicare scam Friday that exploited seniors’ curiosity about genetic medicine by enticing them to get their cheeks swabbed for unneeded DNA tests. Medicare was billed $2.1 billion. Dubbed “Operation Double Helix,” the crackdown targeted ...