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BEIJING (Reuters) - Germany’s Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media. Daimler said in a statement on Tuesday that the dealership in Xi’an city in the northwestern province of Shaanxi had reached an agreement with the customer and was investigating its customer service and business operations, and had suspended the franchise in the meantime. It made no further comment about the move, which came after a video emerged on Chinese social media showing an unhappy Chinese customer protesting at a dealership, and which also prompted a critical response from regulators.

In the video, the customer complained that a car she had recently bought was leaking oil and that she las vegas cufflinks was subsequently treated poorly by the dealer, highlighting poor consumer rights in the world’s second largest economy, She also said she had paid a “financial service fee” of 15,000 yuan ($2,235) to an employee at the dealership when she bought the car, China’s banking and insurance regulator has asked Mercedes-Benz’s car finance unit to investigate its dealership arrangements, state media said on Tuesday..

(Reuters) - Johnson & Johnson on Tuesday reported a first-quarter profit that exceeded Wall Street expectations on higher sales of its prescription medicines, including a double-digit increase for its psoriasis treatment Stelara, even as the company faces fierce competition for some of its other important drugs. The U.S. healthcare conglomerate said growth in its pharmaceuticals business was driven by volume rather than price hikes, and its shares rose more than 2 percent to $139.49. Sales of Stelara, which also treats Crohn’s disease, jumped about 32 percent to $1.41 billion, fueling a 4 percent rise for the pharmaceutical business, which accounts for more than half of the company’s total revenue. Double-digit increases for cancer drugs Darzalex and Imbruvica also contributed to the earnings beat.

“We’re really seeing the strength in pharma sales drive top and bottom line growth,” said John Ham, associate advisor at New England Investment and Retirement Group, which owns J&J shares, “We las vegas cufflinks think growth in pharma sales not only in Asia but also in the United States will be a driver for the company going forward.”, Excluding items, the company earned $2.10 per share, beating analysts’ average estimates by 7 cents, according to IBES data from Refinitiv, J&J also tightened its full-year forecast for adjusted earnings to $8.53 to $8.63 per share from its prior range of $8.50 to $8.65..

The company on a conference call said 800 sites have already been certified to treat patients with its new nasal spray depression treatment Spravato, which won U.S. approval last month. “We believe that we’re off to a very, very strong start with Spravato and that is going to be an important growth driver for us,” said Jennifer Taubert, head of J&J’s pharma unit. Sales of prostate cancer drug Zytiga, which is now facing competition from cheaper generic versions as well as from branded rival Xtandi from Pfizer Inc and Astellas Pharma, fell 19.6 percent.

But the company said it now sees the overall sales decline it expects due to competition from generics and biosimilars in 2019 coming in at the lower end of its prior $3 billion to $3.5 billion forecast, Overall sales increased slightly to $20.02 billion, topping analyst estimates of $19.61 billion, Sales from the medical device business fell 4.6 percent to $6.46 billion, edging past Wall Street estimates of $6.44 billion, Consumer health sales declined 2.4 percent to $3.32 billion, Net profit for the quarter fell 14.2 percent las vegas cufflinks to $3.75 billion as the company recorded $423 million in litigation expenses..

NEW YORK (Reuters) - BlackRock Inc, the world’s largest asset manager, reported first-quarter profit that exceeded expectations and raked in $65 billion of new investor cash as global financial markets rebounded from a volatile fourth quarter. Total assets under management grew 3% to $6.52 trillion in the quarter through March 31 from a year earlier, amid a broad-based rebound in global equity markets. Assets had dipped below $6 trillion amid market turmoil late last year. Total quarterly net inflows across all product types jumped 13.6 percent to $64.67 billion from a year earlier.

Overall, the company sold $59 billion in stock, bond and other “long-term” investment funds, up from the las vegas cufflinks $43.6 billion in the quarter ended Dec, 31, BlackRock shares were up 2.2% at $461.56 in early trading, The U.S, economy is speeding up again after a slowdown and the market is getting ready for “huge” inflows into stocks, BlackRock Inc’s Chief Executive Larry Fink told Reuters in an interview on Tuesday, “I believe people are still under-risked, despite the big rebound,” Fink said..

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