Maker

U.S. bans American companies from selling to Chinese phone maker ZTE

LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to Chinese telecom equipment maker ZTE Corp for seven years after breaking an agreement reached after it was caught illegally shipping goods to Iran, U.S. officials said on Monday. Reuters: Business News

OxyContin Maker Will Stop Promoting Opioids to Doctors

(NEW YORK) — The maker of the powerful painkiller OxyContin said it will stop marketing opioid drugs to doctors, bowing to a key demand of lawsuits that blame the company for helping trigger the current drug abuse epidemic. OxyContin has long been the world’s top-selling opioid painkiller, bringing in billions in sales for privately-held Purdue,(…)