By Amina Niasse and Sriparna Roy (Reuters) -CVS Health on Wednesday named Steve Nelson, a former UnitedHealth insurance head, to run its Aetna business, where rising medical costs in the third quarter caused the company to preannounce an earnings miss last month. The company last month also replaced CEO Karen Lynch with David Joyner due …
CVS names former UnitedHealth exec to run Aetna, shares jump Read More »
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday upheld a jury’s verdict clearing Tesla CEO Elon Musk and his company of liability over allegations they misled investors when the billionaire posted on social media in 2018 that he had “funding secured” to take the electric car company private. The San Francisco-based 9th …
Tesla investors lose bid for new US trial over Musk’s 2018 tweets Read More »
(Reuters) – Goldman Sachs CEO David Solomon on Wednesday congratulated President-elect Donald Trump on his election victory, echoing earlier comments from CEOs in the technology industry. “Closer to Goldman Sachs, it’s clear that a new administration will bring policy changes potentially important to our business and clients,” Solomon said in an internal memo to employees …
Goldman Sachs CEO congratulates Trump on election victory, calls for unity Read More »
By Nate Raymond BOSTON (Reuters) – Massachusetts voters on Tuesday approved a ballot measure that would allow ride-share drivers to unionize, becoming the first U.S. state to allow drivers for app-based companies like Uber and Lyft to do so. With 94% of precincts reporting, 53.9% of voters endorsed a novel framework that would allow ride-share …
Massachusetts voters allow Uber, Lyft drivers to unionize Read More »
By Richard Valdmanis (Reuters) -Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday’s presidential election is unlikely to dramatically slow the U.S. renewable energy boom. Investor fears of a reversal under Trump sent …
Trump return likely to slow, not stop, US clean-energy boom Read More »
By Daniel Wiessner (Reuters) – Voters in Missouri have approved a proposal to raise the state’s minimum wage to $15 an hour, while an identical measure in Alaska appears poised to pass and a bid to raise California’s minimum wage to $18 seems headed towards failure, according to projections from Edison Research. Meanwhile, ballot measures …
US state ballot proposals on minimum wage hikes face mixed results Read More »
By Jaspreet Singh (Reuters) – Perplexity is raising new investment that would value the search startup at $9 billion, a source familiar with the matter said on Tuesday, a sign of heightened investor enthusiasm around artificial intelligence companies. California-based Perplexity is set to raise $500 million in the new funding round led by venture capital …
Perplexity raising new funds at $9 billion valuation, source says Read More »
WASHINGTON (Reuters) – U.S. President-elect Donald Trump will retake the White House with ambitious plans for broad import tariffs, immigration restrictions and additional tax cuts that analysts see delivering a short-term boost to the economy but also larger budget deficits, weaker workforce growth and higher inflation. Trump, a Republican who defeated Democratic Vice President Kamala …
Trump’s economic plan hinges on tax cuts, tariffs, immigration crackdown Read More »
By Michelle Conlin NEW YORK (Reuters) -Thousands who gambled on the U.S. election are looking forward to a potential payout of about $450 million from online gambling sites after Donald Trump was elected president in a stunning comeback – but some may have to wait to collect their haul. Online election betting sites exploded into …
Thousands of election gamblers anticipate betting jackpot after Trump win Read More »
SAO PAULO (Reuters) -Brazilian airline Gol said on Wednesday it has signed a deal with shareholder Abra to reinforce its current restructuring plan and raise credit to exit bankruptcy, including the conversion of $950 million in Abra’s secured debt into Gol shares. Abra is the main investor in airlines Gol and Avianca. The agreement is …
Brazil’s Gol signs deal with Abra for credit to exit Chapter 11 Read More »
