By Tatiana Bautzer and Sabrina Valle NEW YORK (Reuters) -UnitedHealth Group is weighing multiple bids for its Latin American operations, according to two people with direct knowledge of the matter, as the insurer buckles down after a series of unprecedented missteps that include the ouster of its CEO and a reported criminal accounting probe. The largest …
By Noel Randewich and Kanchana Chakravarty (Reuters) -The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet, while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year. Top officials from both countries have kicked off discussions, looking to get back on …
S&P 500 ends slightly up; traders watch US-China trade talks Read More »
By Harshita Mary Varghese (Reuters) -Paramount Global’s finance head Naveen Chopra will leave to take on a similar role at video gaming firm Roblox, the companies said on Monday. The move comes as Paramount is seeking to close its $8.4 billion merger with Skydance Media, which is pending approval from the U.S. Federal Communications Commission. …
Paramount Global’s Naveen Chopra joins Roblox as finance head Read More »
By AJ Vicens (Reuters) -United Natural Foods Inc one of the largest U.S. grocery distributors whose clients include Whole Foods, took certain systems offline in recent days after the discovery of unauthorized activity on internal networks, the company said on Monday. A Whole Foods spokesperson told Reuters in an email on Monday that the company …
Whole Foods supplier United Natural Foods says cyber incident disrupted operations Read More »
By Mike Stone WASHINGTON (Reuters) -As the Pentagon overhauls procurement regulations, an industry group that represents defense and aerospace companies says it identified over 50 regulatory requirements that discourage companies from doing business with the government. The Pentagon has embarked on a renewed attempt to change how the Pentagon acquires weapons and support systems. One …
Pentagon should shave defense procurement regulation, industry group says Read More »
By Dawn Chmielewski (Reuters) -Walt Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service. The transaction gives Disney complete ownership of Hulu, clearing the way for a deeper integration with the Disney+ streaming service, and ESPN’s coming direct-to-consumer …
Disney to pay additional $438.7 million for NBCU’s stake in Hulu Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. President Donald Trump’s nominee to head the Federal Aviation Administration says the agency faces serious leadership, trust and culture issues, according to a Senate questionnaire seen by Reuters. The Senate Commerce Committee will hold a hearing on Wednesday on Trump’s nomination of Republic Airways CEO Bryan Bedford to head …
Trump FAA nominee says agency faces serious leadership, trust issues Read More »
By Michael Erman (Reuters) -Pfizer and other drug companies have met with the Trump administration to discuss lowering U.S. drug prices but no commitments have been made, Chief Executive Albert Bourla said on Monday. President Donald Trump issued an executive order last month directing drugmakers to lower the prices of their medicines to align with …
No drug price pledges by Pfizer, others in talks with US government, Pfizer CEO says Read More »
By Arasu Kannagi Basil (Reuters) -Cancer diagnostic firm Caris Life Sciences said on Monday it is targeting a valuation of up to $5.3 billion in its U.S. initial public offering, as the market for new listings rebounds. Irving, Texas-based Caris, backed by investment firm Sixth Street, is seeking up to $423.5 million by offering 23.5 …
Sixth Street-backed Caris Life Sciences targets $5.3 billion valuation in US IPO Read More »
(Reuters) -Walmart’s majority-owned fintech company OnePay has teamed up with Synchrony Financial to issue the retail giant’s credit card, the consumer financial services company said on Monday, marking a return of a collaboration that ended in 2018. The partnership will see Synchrony issue two cards: a Walmart branded credit card that can only be used …
Synchrony Financial to once again issue Walmart’s credit card Read More »
