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J&J on Wednesday declined to comment on Imerys Talc America’s Chapter 11 filing. Reuters on Dec. 14 published a report detailing that J&J knew that the talc in its raw and finished powders sometimes tested positive for small amounts of asbestos from the 1970s into the early 2000s – test results it did not disclose to regulators or consumers. J&J has said that its talc products do not contain asbestos. Bankruptcy provides Imerys a single forum to settle the widespread litigation. A similar strategy has been used by numerous companies facing litigation over faulty breast implants, asbestos-tainted products and recalled automotive airbags prada cufflinks price.
“After carefully evaluating all possible options, we determined that pursuing Chapter 11 protection is the best course of action to address our historic talc-related liabilities and position the filing companies for continued growth,” Imerys Talc America said in a statement. Two North American subsidiaries of Imerys, Imerys Talc Vermont and Imerys Talc Canada, also filed for Chapter 11 on Wednesday prada cufflinks price. Mark Lanier, a Texas-based lawyer representing many of the more than 11,700 talc plaintiffs, on Wednesday said Imerys Talc America’s bankruptcy would not change the litigation..
NEW YORK (Reuters) – Wall Street closed higher on Wednesday as investor optimism was stoked over hopes the United States and China could iron out a trade deal, and benign inflation data suggested the Federal Reserve would hold interest rates steady in the near term. All three major U.S. stock indexes gained ground, with the S&P 500 and the Nasdaq posting their fourth consecutive advances. For the second straight day, the S&P 500 closed above its 200-day moving average, a key technical level prada cufflinks price. Stocks briefly pared gains following a late-morning tweet by U.S. Senator Marco Rubio saying he would introduce a bill to “tax corporate buybacks the same way as dividends.”..
In Beijing, U.S prada cufflinks price. Treasury Secretary Steven Mnuchin said “so far, so good,” regarding ongoing talks aimed at resolving the U.S.-China trade dispute, adding he hoped for “productive” meetings in the days ahead. “The markets are extremely vulnerable to news,” said Bernard Baumohl, chief global economist at the Economic Outlook Group in Princeton. “(Investors are) waiting and hoping for good news to come out of the trade negotiations with China, and for continued signs that the economy is still growing at a healthy pace without heating up inflation.”..
The U.S. Labor Department reported consumer prices were unchanged for the third consecutive month in January, in a sign the Fed could hold rates steady for the time being. Fourth-quarter earnings season is approaching the finish line, with more than two-thirds of the S&P 500 having reported. While analysts now see fourth-quarter earnings growth of 16.6 percent, the outlook for the current quarter is less upbeat. First-quarter profit is projected to fall 0.3 percent from a year ago, marking the first loss since the earnings recession that ended in 2016, according to Refinitiv data prada cufflinks price.