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Reuters BusinessSep 16, 2019
Trump urges GM, UAW to resolve contract dispute
U.S. President Donald Trump said Sunday that General Motors Co and the United Auto Workers union should "get together and make a deal." Trump tweeted about five hours before the union is set launch its first nationwide strike at GM in 12 years.

Google Business NewsSep 16, 2019
Trump on GM strike: Nobody is better to auto workers than me - Fox Business
Trump on GM strike: Nobody is better to auto workers than me  Fox Business46,000 UAW workers go on strike against GM, America's biggest automaker  CNNGeneral Motors Workers On Strike: Everything You Need To Know  JalopnikEditorial: A strike that shouldn't have happened  The Detroit NewsGM Strike Is the Right Idea in the Wrong Place  BloombergView full coverage on Google News

Reuters BusinessSep 16, 2019
OxyContin maker Purdue Pharma files for bankruptcy protection
OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic.

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Would a Purdue Bankruptcy Protect the Sacklers? Good Question. (NYTimes Business)

Google Business NewsSep 16, 2019
General Motors strike not likely to be resolved anytime soon: experts - NBC News
General Motors strike not likely to be resolved anytime soon: experts  NBC NewsNearly 50,000 UAW workers go on strike against GM, America's biggest automaker  CNNPlight of temporary workers, rising health care costs top list of concerns for UAW members  WDIV ClickOnDetroitEditorial: A strike that shouldn't have happened  The Detroit NewsGM Strike Is the Right Idea in the Wrong Place  BloombergView full coverage on Google News

Reuters BusinessSep 16, 2019
Factbox: What's next for OxyContin maker Purdue Pharma
OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis.

Washington Post BusinessSep 16, 2019
Purdue Pharma's Bankruptcy Is Far From Opioid Closure
The Sackler family's settlement won't end the fight over the company's assets and sets an expensive bar for other exposed drugmakers and suppliers.

MarketWatch MarketPulseSep 16, 2019
WeWork expected to delay IPO until at least October: report
WeWork's parent company, which was expected to kick off its IPO roadshow this week and go public as soon as next week, is now expected to delay its initial public offering until at least October, the Wall Street Journal reported Monday. Investors have reportedly worried about the company's value and corporate governance. Last week, the We Co. pledged to make sweeping changes to its governance to address investors' concerns. Other reports last week said that SoftBank Group Co., the company's biggest investor, urged it to shelve the IPO amid reports that WeWork's valuation would be reduced to $20 billion or less, a far cry than the $47 billion it was valued at last year after a funding round.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseSep 16, 2019
Marvell Technology to pay $5.5 million to settle SEC charges of revenue management scheme
Marvell Technology Group Ltd. will pay $5.5 million to settle charges that it misled investors by engaging in an undisclosed revenue management scheme, the Securities and Exchange Commission said. The chip maker's company's stock slid 1.3% in afternoon trading, while the PHLX Semiconductor Index lost 0.5% and the S&P 500 gave up 0.3%. The SEC said Marvell had "orchestrated a scheme" to accelerate, or 'pull in' sales to the current quarter that had been scheduled for future quarters. The SEC indicated the purpose of pulling in revenue was to "close the gap" between actual results and analyst expectations. Marvell consented to the SEC's order, without admitting or denying the allegations, and agreed to cease and desist from further violations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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