J&J agrees to pay $700M to settle talc probes in 42 states

J&J agrees to pay $700M to settle talc probes in 42 states

Johnson & Johnson on Tuesday said it had reached a tentative settlement to resolve probes by states into whether it misled consumers about the safety of its talc products, which thousands of lawsuits claim can cause cancer. The deal includes 42 states and Washington, DC. The company tentatively agreed to pay about $700 million to settle the…

P&G’s earnings show higher prices haven’t turned consumers away

P&G’s earnings show higher prices haven’t turned consumers away

Procter & Gamble’s price hikes boosted its earnings in the latest quarter, the company reported Tuesday, indicating that inflation-battered consumers haven’t turned away from the company’s higher-priced household items. Aside from price increases largely fueling sales growth, shoppers also bought more products across P&G’s beauty lines and health and family care offerings. P&G said that…

Average value of a used Tesla fell over $1,500 so far in 2024: report

Average value of a used Tesla fell over $1,500 so far in 2024: report

The value of an average used Tesla has toppled more than $1,500 so far this month, according to a new report. On Jan. 1, a used Tesla retailed for $37,090, according to data from auto-shopping website CarGurus. Just 20 days later, as of Jan. 21, the standard used Tesla runs for $35,554, marking a $1,536…

Longtime Applebee’s franchise owner sells 21 restaurants in NYC area for $140M

Longtime Applebee’s franchise owner sells 21 restaurants in NYC area for $140M

Outspoken Applebee’s franchise owner Zane Tankel sold off the majority of his restaurant portfolio to a longtime rival in a $140 million deal. The 83-year-old Tankel, who owned 23 Applebee’s Grill & Bar eateries in the New York City area, agreed to part with 21 of them in the deal with New Jersey-based Doherty Enterprises…

China Appears to Backpedal From Video Gaming Crackdown

China Appears to Backpedal From Video Gaming Crackdown

Chinese regulators on Tuesday appeared to backpedal from a plan to reduce how much money people spend on online video games, after the proposal had tanked video gaming companies’ stocks and raised doubts about the government’s commitment to reviving China’s slowing economy. The draft rules disappeared from the website of the National Press and Publication…

‘It’s a Money Day’: Detroit Businesses Are Loving the Lions’ Playoff Run

‘It’s a Money Day’: Detroit Businesses Are Loving the Lions’ Playoff Run

The Detroit Lions, whose roots stretch back to 1930, are just one of four N.F.L. teams to have never played in the Super Bowl. (Pop quiz: Can you guess the other three?) Before this season, the team had won only one playoff game since Dwight D. Eisenhower was president. So Lions fans were justifiably delirious…

China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.

China’s Travel Economy Is Slowly Coming Back. Here’s Where It Stands.

Since China reopened its borders in 2023 after three years of Covid isolation, domestic travel has thrived and high-speed rail has grown increasingly popular. But international trips in and out of the country are lagging, and flight capacity is still just a third of prepandemic levels. The economic stakes are high. Before the pandemic, Chinese…

Hochul puts daughter of casino lobbyist on gaming oversight board

Hochul puts daughter of casino lobbyist on gaming oversight board

Gov. Kathy Hochul appointed the daughter of a veteran gambling lobbyist to the state board that regulates the industry — raising concerns about potential conflicts of interest from government watchdogs, The Post has learned. Marissa Shorenstein — who served as head of Hochul’s transition team when she became governor — was tapped as commissioner on…

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