Reuters

By Diana Novak Jones

(Reuters) - U.S. attorneys for a woman who claims her colon cancer was caused by the now discontinued heartburn drug Zantac on Thursday told a jury in Chicago that pharmaceutical companies GSK and Boehringer Ingelheim knew the product could cause cancer if it was not handled properly but failed to warn the public.

Mikal Watts, who is representing 89-year-old Angela Valadez, said the companies knew that Zantac’s... (continue reading...)

QUITO (Reuters) - A team of researchers has discovered a potential breeding ground for smooth hammerhead sharks off an island in Ecuador's Galapagos archipelago, in what would be a "very rare" sighting, the national park said in a statement on Thursday.

The so-called "nursery" would be the first breeding site for smooth hammerheads, or Sphyrna zygaena, in the Galapagos if confirmed, the park said.

The smooth hammerhead is one of nine... (continue reading...)

By Anirban Sen

NEW YORK (Reuters) - Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter.

Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, who is the company's president, were exploring options to take the retailer private, confirming a Reuters report that had been published in March.

By Carolina Mandl

NEW YORK (Reuters) - Citadel's flagship fund, Wellington, rose 2% in April, overcoming a month of pain for the S&P 500, a source familiar with the matter said.

Sticky inflation data unveiled in April spread fears that the Federal Reserve might hold interest rates higher for longer than anticipated, driving stocks down. The S&P 500 fell 4.2% in the month.

From January through April, the hedge fund founded... (continue reading...)

By Matt Tracy

(Reuters) - Spreads on U.S. high yield bonds, or the premium companies pay over U.S. Treasuries, remain tight despite a pick-up in distress within the asset class, as investors see the majority of issuers weathering higher-for-longer interest rates.

Elevated rates and persistent inflation have eaten into the bottom lines of many U.S. corporate borrowers, particularly those with high leverage and lower credit ratings.