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Still on top: Cyber Monday sales on track to hit record

Still on top: Cyber Monday sales on track to hit record

Technology
Even though deals could be found online for days, shoppers still pulled out their phones and laptops to shop on the Monday after Thanksgiving, with sales on track to hit a record $ 9.4 billionBy JOSEPH PISANI AP Retail WriterDecember 2, 2019, 8:47 PM3 min read Cyber Monday is still holding up as the biggest online shopping day of the year, even though many of the same deals have been available online for weeks and the name harks back to the days of dial-up modems. Shoppers are expected to spend a record $ 9.4 billion on purchases made on their phones and computers Monday, up about 19% from last year’s Cyber Monday, according to Adobe Analytics, which tracks transactions at 80 of the top 100 U.S. online stores. The busiest time is expected to be in the hour before midnight, as people race t
Fake doctors, pilfered medical records drive Oxy China sales

Fake doctors, pilfered medical records drive Oxy China sales

Health
Thousands of lawsuits across the United States have accused a drug company owned by the billionaire Sackler family of using false claims to push highly addictive opioids on an unsuspecting nation, fueling the deadliest drug epidemic in U.S. history. Yet, even as its U.S. drugmaker collapses under the charges, another company owned by the family has used the same tactics to peddle its signature painkiller, OxyContin, in China, according to interviews with current and former employees and documents obtained by the Associated Press. The documents and interviews indicate that representatives from the Sacklers’ Chinese affiliate, Mundipharma, tell doctors that time-release painkillers like OxyContin are less addictive than other opioids—the same pitch that Purdue Pharma, the U.S. company owned
Exporter: Russian foreign military sales on pace to hit $13.7B despite U.S. sanctions

Exporter: Russian foreign military sales on pace to hit $13.7B despite U.S. sanctions

Business
Nov. 18 (UPI) -- Despite U.S. sanctions, Russian arms sales are on pace to match 2018's export revenue of about $ 13.7 billion, the head of Russia's state-owned defense export company said Monday. Sergei Chemezov, chief executive officer of Rostec, said at the Dubai Air Show that Russia has confirmed sales of $ 11 billion so far this year, and expects to end 2019 with between $ 13.5 billion and $ 13.7 billion in defense-related exports. He acknowledged that Rosoboronexport, the country's arms agency, must accelerate its work until the end of the year to meet the goal. "We have two months left, so November and December." Chemezov said. "Overall, the sanctions, well, you can hear the results of Rosoboronexport, they're sort of self-explanatory. Last year, Rosoboronexport supplied military ...
Juul halts US sales of popular mint-flavored e-cigarettes

Juul halts US sales of popular mint-flavored e-cigarettes

Health
E-cigarette maker Juul Labs says it will stop selling its No. 1 mint-flavored vaping podsBy MATTHEW PERRONE AP Health WriterNovember 7, 2019, 9:57 PM4 min read Juul Labs said Thursday it will halt U.S. sales of its best-selling, mint-flavored electronic cigarettes as it struggles to survive a nationwide backlash against vaping. The voluntary step comes days after new government research showed that Juul is the top brand among high schoolers who use e-cigarettes and that many prefer mint. "These results are unacceptable," said the company's CEO K.C. Crosthwaite, adding in a statement that the company must "earn the trust of society." Underage vaping has reached what health officials call epidemic levels. In the latest government survey, 1 in 4 high school students reported using e-cigarette...
Sainsbury’s sales and profits fall despite price cuts

Sainsbury’s sales and profits fall despite price cuts

Business
Sainsbury's has reported a slump in pre-tax profits, with sales falling despite price cuts and new value ranges.The supermarket chain, which also owns Argos, said it had achieved "positive momentum in grocery market share" in highly competitive times. But it reported a 0.2% decline in group sales to £16.8bn over the 28 weeks to 21 September - its first half - with like-for-like sales, a comparable measure, falling 1%. Image: Sainsbury's has lowered prices on more than 1,000 lines since February Trading pre-tax profits fell 15% to £238m. Sainsbury's blamed the phasing out of cost savings and tough weather comparisons.On a statutory basis, pre-tax profits which include one-off costs came in at £9m. The figure covering the same period la