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(Reuters) -Credit Rating agency Moody’s said on Friday that the recently reported hack against UnitedHealth Group was “credit negative” for the company. The agency cited potential “financial and reputational impacts” of the cybersecurity attack at UnitedHealth’s technology unit Change Healthcare on Wednesday that caused disruption to pharmacies across the United States. On the other hand, …

Moody’s says hack against UnitedHealth is credit negative for company Read More »

WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Friday it had filed a complaint against H&R Block for deleting consumers’ tax data and requiring them to contact customer service when they downgrade to more affordable online products. It also accused the tax preparation company of “deceptively marketing their products as ‘free’ when they were …

US FTC files complaint against H&R Block for deleting consumers’ tax data Read More »

(Reuters) – U.S. companies borrowed 6% more to finance equipment investments in January compared to a year ago, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. Companies signed up for new loans, leases and lines of credit worth $9.3 billion in January, down 26% sequentially. “It’s especially encouraging to kick off in …

US business equipment borrowings up 6% in January, ELFA says Read More »

(Reuters) -Talks related to a planned $30 billion merger between the chemicals arms of Abu Dhabi National Oil Company (ADNOC) and Austrian oil and gas company OMV have stalled in recent weeks, the Financial Times reported on Friday. The parties halted negotiations to navigate a series of disagreements, which include the name of the merged …

ADNOC’s $30 billion chemicals tie-up with Austria’s OMV stalls, FT reports Read More »

SANTIAGO (Reuters) – LATAM Airlines posted a 95% year-on-year fall in net profit in the fourth quarter, slipping to $84 million, the company said in a filing on Thursday. The Santiago-based carrier saw quarterly revenues rise 18.5% to $3.25 billion. (Reporting by Kylie Madry and Fabian Cambero; Editing by Anthony Esposito)

(Reuters) – Used car retailer Carvana said on Thursday it expects its core profit to be significantly above $100 million in the first quarter of 2024, citing strength throughout its business. Shares of the company rose nearly 14% in extended trading. (Reporting by Bhanvi Satija in Bengaluru)

(Reuters) – U.S. oil and gas producer EOG Resources reported a fall in its fourth-quarter profit on Thursday, hurt by lower commodity prices. The Houston, Texas-based company’s net income fell to $1.99 billion, or $3.42 per share, in the quarter ended Dec. 31, from $2.28 billion, or $3.87 per share a year ago. (Reporting by …

Oil firm EOG Resources’ quarterly profit falls Read More »

(Reuters) – Jack Dorsey-led Block on Thursday forecast adjusted core earnings for the current quarter above Wall Street estimates as the payments firm bets on continued consumer resilience and its cost-cutting measures. The company expects adjusted core earnings between $570 million and $590 million for the three months ended March 31, compared with analysts’ average …

Payments fintech Block sees Q1 adjusted core earnings above estimates Read More »

(Reuters) – Rare earths miner MP Materials said on Thursday it swung to a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs. The company, which held unsuccessful merger talks earlier this year with rival Lynas Rare Earths, posted a quarterly net loss of $16.3 million, or 9 cents per …

MP Materials swings to quarterly loss on falling rare earths prices Read More »