By Tatiana Bautzer NEW YORK (Reuters) -U.S. banking giants are expected to report lower profits for the fourth quarter after they set money aside to cover souring loans while also paying more to depositors. The largest banks’ net interest income (NII) – or the difference between what they earn on loans and pay out on …
US banks’ profits to shrink as they brace for souring loans Read More »
(Reuters) – Auna, a healthcare provider operating in three Latin American countries, filed for an initial public offering (IPO) on the New York Stock Exchange on Tuesday. The company, founded in Peru in 1989, plans to issue Class A shares in the offering, but it did not disclose the planned size of the offering nor …
LatAm healthcare firm Auna files U.S. public offering Read More »
(Reuters) – The Los Angeles Times executive editor Kevin Merida is stepping down after more than two years in the role, according to an internal memo seen by Reuters on Tuesday. Merida, who was appointed to the role in May 2021, will depart at the end of the week, and the publication will be managed …
Los Angeles Times executive editor Kevin Merida steps down Read More »
By David Randall and Jaiveer Shekhawat NEW YORK (Reuters) – BlackRock, the world’s largest asset manager, on Tuesday said it will cut about 3% of its current workforce, though it expects to have a larger headcount by the end of 2024. The job cuts would amount to roughly 600 positions based on BlackRock’s workforce of …
By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid Corp on Tuesday received bankruptcy court approval to sell its Elixir pharmacy benefit manager business for $575 million. Rite Aid filed for bankruptcy in October with an agreement to sell the Elixir business to pharmacy benefit manager (PBM) MedImpact Healthcare Systems for that price. …
Rite Aid gets court approval for $575 million Elixir sale Read More »
By Alexander Hübner and Tom Sims MUNICH (Reuters) -Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023, down from the previous year but still above the long-term average, Munich Re said on Tuesday. The tally of losses from natural catastrophes …
Quakes and storms cause $95 billion in insurance losses in 2023 -Munich Re Read More »
DUBLIN (Reuters) – Ryanair expects to be five to ten aircraft short for its peak 2024 summer season due to Boeing delivery delays, likely forcing it to revise down its traffic growth, Chief Executive Michael O’Leary told the Financial Times on Tuesday. Ryanair was due to have 57 Boeing MAX 8200 planes delivered by the …
Ryanair expects to be 5-10 new aircraft short this summer -FT Read More »
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Will they, won’t they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing to bitcoin exchange-traded funds (ETFs). Derivatives traders are already piling in, though, betting the Securities and Exchange Commission will give the green …
Cryptoverse: Bitcoin derivatives traders bet billions on ETF future Read More »
By Valerie Insinna, David Shepardson and Rajesh Kumar Singh WASHINGTON/CHICAGO (Reuters) -Boeing’s latest 737 MAX crisis deepened after United Airlines and Alaska Airlines said they had found loose parts on multiple grounded MAX 9 aircraft, raising new concerns among industry experts about how its best-selling jet family is manufactured. U.S. regulators grounded 171 MAX 9 …
United, Alaska find loose parts on 737 MAX planes, raising pressure on Boeing Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The Nasdaq scored its first gain of at least 1% in 2024 on Monday, as a fall in Treasury yields helped lift megacap stocks, while a sharp drop in Boeing shares kept gains on the Dow Industrials in check. Megacaps advanced, lifting stocks such as Amazon.com which closed up …
Nasdaq ends higher as yields fall, Boeing curbs gains on Dow Read More »
