Reuters US Business

MEXICO CITY (Reuters) -Consumption and foot traffic at Walmart’s Mexico unit has begun to pick up in the second quarter, the firm’s finance chief said on Wednesday. “As we look to April, we already see improvements in terms of consumption … on a like-for-like basis,” CFO Paulo Garcia told analysts in a call to review …

Consumption at Walmart’s Mexico unit picking up in second quarter Read More »

(Reuters) – Insurer MetLife reported a nearly 5% rise in first-quarter profit on Wednesday, driven by higher premiums and investment income, and announced a share buyback. Economic uncertainty and increased risk from cyber attacks, natural disasters and global war have sustained insurance spending as risk management has led to higher premium prices. Adjusted premiums, fees …

MetLife first-quarter profit rises on strong investment gains; launches $3 billion buyback Read More »

(Reuters) -Prudential Financial reported a rise in first-quarter profit on Wednesday, bolstered by strong underwriting at the insurer’s U.S. unit which offset declines in its investment management business. Market uncertainty sparked by U.S. President Donald Trump’s tariff policy moves clubbed with environmental problems forced individuals and businesses to spend more on insurance policies in the …

Prudential Financial profit rises on US business strength Read More »

(Reuters) -Tesla’s head of battery architecture, veteran Vineet Mehta, is departing from the company, the Information reported on Wednesday, citing people familiar with the matter. Mehta appears to have first widely informed his staff of his departure on Tuesday, with no indication of plans or when his departure will take effect, the report added. The …

Tesla’s head of battery architecture Vineet Mehta departs, the Information reports Read More »

WASHINGTON (Reuters) – President Donald Trump said on Wednesday that there will be a tariff “wall” for pharmaceutical companies operating in the United States after a certain amount of time. (Reporting by Trevor Hunnicutt; Editing by Leslie Adler)

(Reuters) -Casino operator MGM Resorts International on Wednesday beat Wall Street’s estimates for first-quarter profit, driven by strong performance in its online sports-betting unit, and announced a $2 billion share buyback program. Shares of the Las Vegas, Nevada-based casino operator were up 3.2% in extended trading.  The surge in online gambling, particularly in sports betting, …

MGM Resorts surges on profit beat, $2 billion buyback Read More »