Business News

UnitedHealth tops earnings estimates, raises forecast

(Reuters) - UnitedHealth Group Inc posted a second-quarter profit that beat Wall Street estimates as it added more members to its health plans, and the company raised its full-year earnings forecast. FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. REUTERS/Brendan McDermidThe largest U.S. health insurer, whi...

17 Jul 10:44 AM 0 Read More...

Asia stocks sag on oil's slide, dollar dips before Fed testimony

TOKYO (Reuters) - Asian stocks were mostly lower on Tuesday, with a sharp decline in crude oil prices weighing on energy shares, while the dollar dipped ahead of Federal Reserve Chairman Jerome Powell’s first U.S. congressional testimony. People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, March 23, 2018. REUTERS/Toru Hanai Spreadbetters expected European stocks...

17 Jul 5:44 AM 0 Read More...

FCC raises concerns about Sinclair-Tribune deal; shares skid

WASHINGTON (Reuters) - Federal Communications Commission Chairman Ajit Pai said on Monday he had “serious concerns” about Sinclair Broadcast Group Inc’s (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N), a surprise move which could potentially scuttle the deal and sent shares of both companies tumbling. FILE PHOTO: Chairman of the Federal Communications Commission Ajit Pai speaks at the Co...

17 Jul 12:40 AM 0 Read More...

FCC raises concerns about Sinclair-Tribune deal, shares fall

WASHINGTON (Reuters) - Federal Communications Commission Chairman Ajit Pai questioned Sinclair Broadcast Group Inc’s (SBGI.O) proposed $3.9 billion acquisition of Tribune Media Co (TRCO.N), in a surprise decision that could potentially scuttle the deal and sent shares of both companies tumbling. FILE PHOTO: Chairman of the Federal Communications Commission Ajit Pai speaks at the Conservative Political Action Confer...

16 Jul 7:34 PM 0 Read More...

Exclusive: Brazil to delay auction for five of six Eletrobras distributors

MADRID (Reuters) - Brazil’s government will go ahead with the auction of one of state-owned utility Eletrobras’ power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday. A view of the headquarters of Brazil's power company Eletrobras in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares Cepisa, the utility’s energy distr...

16 Jul 7:34 PM 0 Read More...

Tesla shares fall 3.5 percent after CEO Musk abuses British diver

(Reuters) - Shares of Tesla Inc fell 3.5 percent on Monday after Chief Executive Elon Musk directed abuse on Twitter at one of the British cave divers involved in the rescue of 12 Thai children last week. A number of analysts and investors, requesting anonymity, told Reuters that Musk’s comments are adding to their concerns that his public statements are distracting him from Tesla’s main business of producing ele...

16 Jul 7:34 PM 0 Read More...

Thyssenkrupp in leadership turmoil as chairman quits

DUESSELDORF/FRANKFURT (Reuters) - The chairman of Germany’s Thyssenkrupp (TKAG.DE) has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate. FILE PHOTO: Thyssenkrupp's logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File PhotoUlrich Lehner...

16 Jul 7:34 PM 0 Read More...

Britain unveils fighter jet model to rival Franco-German program

FARNBOROUGH, England (Reuters) - Britain unveiled a model of a sleek proposed fighter jet named Tempest on Monday, raising questions about the future of European defense cooperation, given that Germany and France launched their own fighter jet program a year ago. Britain's defence minister, Gavin Wiliamson, unveils a model of a new jet fighter, called 'Tempest' at the Farnborough Airshow, in Farnborough, Britain July...

16 Jul 7:34 PM 0 Read More...

What's not to like? Boeing, Embraer defend planned deal

FARNBOROUGH, England (Reuters) - Top Boeing Co (BA.N) and Embraer SA (EMBR3.SA) executives on Monday defended their planned commercial aircraft partnership, saying they were confident it would win regulatory and shareholder approvals while launching Embraer into new markets. FILE PHOTO: The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/Files“I can’t ant...

16 Jul 2:31 PM 0 Read More...

Airbnb breaches EU consumer rules, must fall into line: EU

BRUSSELS (Reuters) - The European Union told Airbnb on Monday to bring its terms and conditions into line with the bloc’s consumer rules or face action by national consumer agencies, after a review of the short-term rental platform found some violations. FILE PHOTO: The logo of Airbnb is displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei KatoSome of Airbnb’s terms and the way it presents ...

16 Jul 2:31 PM 0 Read More...