By Leroy Leo (Reuters) -CVS Health Corp on Wednesday said it expected a 70% to 80% drop in the number of COVID-19 vaccines its drugstores will administer this year and said 2022 profit would be driven by its health insurance and pharmacy benefit management businesses. Shares of the company fell more than 4% to in …
CVS forecasts COVID vaccine business drop of up to 80% in 2022 Read More »
By Nia Williams CALGARY, Alberta (Reuters) – The Canadian province of Alberta on Wednesday formally initiated a trade challenge to recover its investment in the Keystone XL oil pipeline, which was scrapped in 2021 after the United States cancelled a key permit. Alberta, Canada’s largest oil-producing province, had invested C$1.3 billion in the project and …
Canada’s Alberta province files trade challenge over scrapped Keystone XL pipeline Read More »
NEW YORK (Reuters) – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the central bank to launch its rate hike cycle with a half percentage point increase, Cleveland Federal Reserve President Loretta Mester said on Wednesday. “I don’t like taking anything off …
Fed’s Mester says she doesn’t see compelling case to start with 50 bps rate hike Read More »
(Reuters) – Dotdash Meredith, owned by media mogul Barry Diller’s IAC, has decided to stop publishing the print editions of six magazines including Entertainment Weekly and InStyle as part of a digital push. The move would result in 200 job losses and impacted titles also include EatingWell, Health, Parents and People en Español, Dotdash Meredith …
Barry Diller-owned Dotdash ends print editions of six magazines Read More »
By Jan Lopatka and Robert Muller PRAGUE (Reuters) – Liquefied natural gas (LNG) shipments to Europe late last year showed Russia could not use gas as great leverage over Europe, and the gas shortfall supported efforts to build more LNG capacity on European shores, Czech Foreign Minister Jan Lipavsky said on Wednesday. Lipavsky told Reuters …
Czech minister: Putin gave Europe ‘gift’ as gas crisis showed alternatives exist Read More »
By John O’Donnell and Huw Jones FRANKFURT/LONDON (Reuters) – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict. The stand-off between Russia and Ukraine has rattled Europe’s …
European, U.S. regulators tell banks to prepare for Russian cyberattack threat Read More »
By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department said on Wednesday Air China agreed to pay a $143,000 fine over excessive tarmac delays in 2018 at U.S. airports. The department said Air China had failed to ensure it would not permit an international flight to remain on the tarmac for more than four …
Air China agrees to pay $143,000 U.S. fine over 2018 tarmac delays Read More »
WASHINGTON (Reuters) -Legislation to tighten controls on U.S. lawmakers’ financial transactions, including possibly banning them from buying and selling stocks, could be put on a fast track toward passage, House of Representatives Speaker Nancy Pelosi said on Wednesday. Weeks ago, Pelosi said the House Administration Committee was reviewing https://www.reuters.com/world/us/us-house-speaker-pelosi-says-banning-member-stock-trades-possible-2022-01-20 several suggestions from rank-and-file members amid …
U.S. House Speaker Pelosi sees legislation on lawmaker stock trading ‘pretty soon’ Read More »
PARIS (Reuters) -Asset manager BlackRock crossed the 5% threshold in scandal-hit French elderly care home operator Orpea folllowing the purchase of shares on and off the market, stock market watchdog AMF said in a regulatory filing on Wednesday. Blackrock, acting for clients and funds, now owns 5.27% of the capital and 4.39% of the voting …
BlackRock raises stake in scandal-hit French care group Orpea’s capital Read More »
By Katanga Johnson WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to propose heightened regulations meant to scrutinize how private fund advisers charge fees to investors and measure fund performance. The rule changes, which must undergo public consultation before they can be adopted, would require private fund advisers, such as …
Private fund advisers to spell out fees, performance under new U.S. SEC proposals Read More »
