Bloomberg Business

Investors in Semiconductor Manufacturer Hold Firm as Buffett Retreats

Bank of America Corp. first-quarter profit beat estimates after its fixed-income traders delivered a windfall large enough to cover the rising cost of the bank’s souring loans.

Blackstone Inc. is trying to curb rising employee health costs with an AI-powered individualized approach to diabetes to reduce people’s reliance on costly new drugs. Early results are promising.

Veolia Environnement SA is preparing a sale of its French water-pipe installation business as it focuses more on waste processing, plastic recycling and energy-saving services, people with knowledge of the plan said.

Former Bank of England chief economist, Andy Haldane, is joining the chancellor of the exchequer’s economic advisory council.

US housing starts fell in March as a pullback in multifamily projects more than offset a pickup in construction of single-family homes.

BNP Paribas SA is in talks to sell its consumer finance unit in Hungary to Credit Mutuel, people familiar with the matter said.

US airline passenger levels this summer are projected to be “comfortably above” pre-pandemic numbers, the head of the Transportation Security Administration said.

Sonos Inc., seeking new sources of recurring revenue, is launching a “Pro” service that allows businesses like coffee shops, retail stores and gyms to remotely manage groups of smart speakers.