Reuters US Business

(Reuters) -HCA Healthcare beat Wall Street estimates for first-quarter profit on Friday, as the hospital operator benefited from sustained demand for elective procedures in the United States. Health insurance bellwether UnitedHealth Group last week flagged a surge in demand for medical care, particularly from older people, and lowered its annual outlook, a sign that the …

HCA Healthcare beats profit estimates on strong demand for medical care Read More »

SHANGHAI/HONG KONG (Reuters) -China’s Ping An Insurance (Group) reported a 26.4% decline in first-quarter net profit on Friday, citing reduced investment income. The insurance giant said net profit for the three months to March 31 was 27.02 billion yuan ($3.71 billion), down from 36.71 billion yuan a year earlier. With large investment portfolios, China’s insurers …

Ping An Insurance’s first quarter profit hit by slump in investment income Read More »

(Reuters) – Insurance brokerage firm Aon missed Wall Street estimates for first-quarter profit on Friday, hurt by higher expenses. Aon increased its total debt to finance the acquisition of NFP. The additional debt led to a rise in its expenses in the first quarter compared with the prior year. The company also spent more on …

Insurance broker Aon misses quarterly profit estimates on higher cost Read More »

(Reuters) -Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market. Regional banks across the United States are increasingly turning to mergers as a strategy to bolster their balance sheets, achieve greater diversification, and increase …

Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation Read More »

TOKYO (Reuters) -Toyota Motor Chairman Akio Toyoda has proposed acquiring supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday, in what would mark a pivotal buyout for Japan Inc and reshape its most powerful corporate group. Toyota Industries, which makes parts for the automaker, has formed a special …

Toyota chairman proposes $42 billion acquisition of Toyota Industries, Bloomberg reports Read More »