Reuters US Business

(Reuters) -Goldman Sachs Global Treasurer Philip Berlinski, who was once touted as a likely CFO candidate is in talks about potentially leaving the bank, the Financial Times reported on Friday, citing people familiar with the matter. Berlinski is currently the global treasurer of Goldman Sachs and chief executive officer of Goldman Sachs Bank USA, as …

Goldman Sachs treasurer in talks to potentially leave bank, FT reports Read More »

By David Shepardson WASHINGTON (Reuters) -Delta Air Lines on Friday urged the U.S. government to allow the carrier to continue its partnership with Aeromexico, saying that otherwise it would likely have to cancel nearly two dozen routes. The U.S. Transportation Department (USDOT) said last month it had tentatively decided not to renew Delta’s antitrust immunity …

Delta seeks reversal of US plan to scrap airline’s Aeromexico partnership Read More »

By Deena Beasley (Reuters) – Pharmaceutical companies last year launched new U.S. drugs at prices 35% higher than in 2022, reflecting in part the industry’s embrace of expensive therapies for rare diseases like muscular dystrophy, a Reuters analysis found.     The median annual list price for a new drug was $300,000 in 2023, according to …

Analysis-Prices for new US drugs rose 35% in 2023, more than the previous year Read More »

By Echo Wang and Lance Tupper NEW YORK (Reuters) -Shares of Lotus Technology closed up 2% in their Nasdaq debut on Friday, recouping earlier losses, after the luxury electric car maker completed its merger with a blank-check acquisition company backed by private equity firm L Catterton. The American Depositary Shares, which began trading with the …

EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger Read More »

(Reuters) – Air Canada said on Friday that it will cap fares and add more than 6,000 seats in some markets operated by Lynx Air in light of the imminent suspension of operations by the troubled Canadian budget airline. Air Canada said that the measures would help Lynx Air customers impacted by the shut down …

Air Canada to cap fares, increase capacity to take on Lynx Air fliers Read More »

(Reuters) -Canada’s main stock index gained on Friday, wrapping up the week on a positive note, helped by gains in material and tech stocks. The Toronto Stock Exchange’s S&P/TSX composite index was up 95.07 points, or 0.45%, at 21,413.15. The index hit its highest level since April 2022 and posted a weekly gain after a …

TSX ends higher, wraps up week with gains Read More »

(Reuters) -Ratings agency S&P on Friday placed Paramount Global’s credit rating on a negative watch, citing low operating cash flow generation at the media conglomerate due to the ongoing decline in cable television and competition in streaming. S&P currently has a ‘BBB+’ – investment grade – rating on the firm, whose stock has lost about …

S&P puts Paramount Global on negative watch as streaming competition grows Read More »

By Lewis Krauskopf NEW YORK (Reuters) – Strong corporate results have helped fuel the S&P 500’s climb to new highs this year, taking the focus away from the Federal Reserve’s tortuous path towards lower interest rates. As earnings season winds down, some investors believe monetary policy will jump back in the driver’s seat. Nvidia Corp’s …

Soaring US stocks could take cues from Fed as earnings wind down Read More »