(Reuters) -Billionaire Carl Icahn has built an economic interest covering about 34% of Bausch Health’s shares, according to a filing on Tuesday, days after the pharmaceutical firm adopted a “poison pill” to ward off hostile takeovers. U.S.-listed shares of Bausch Health, the parent company of contact lens maker Bausch + Lomb, rose nearly 8% to …
Billionaire Carl Icahn builds 34% economic interest in Bausch Health Read More »
By Joel Jose and Siddarth S (Reuters) -Wall Street brokerages on Tuesday began coverage of Nvidia-backed CoreWeave with broadly bullish views, although the stock has failed to gain traction with investors following a lackluster initial public offering and market debut. Among the thirteen major brokerages covering CoreWeave’s shares, Needham and Stifel set the highest price …
Nvidia-backed CoreWeave gets largely bullish coverage from brokerages Read More »
By Darya Korsunskaya MOSCOW (Reuters) -Russia has cut its forecast for 2025-2027 oil and gas export revenues, a key source of funding for the state budget, due to weaker oil prices, seeing the proceeds falling by 15% this year, according to an economy ministry document seen by Reuters. The revision puts additional strain on the …
Exclusive-Russia cuts 2025 energy export income estimate by 15%, document shows Read More »
(Reuters) -NVR on Tuesday posted a 24% fall in first-quarter profit, as the homebuilder’s margins were hit by higher lot costs and pricing pressure amid weak housing demand. Homebuilders are facing persistent weakness in demand as consumers have avoided buying houses due to high interest rates in the U.S. Rising economic uncertainty in the U.S. …
NVR posts fall in quarterly profit as weak housing prices hit margins Read More »
(Reuters) -UnitedHealth Group spent nearly $1.7 million on security for its top executives in 2024, the healthcare conglomerate disclosed on Monday, months after the fatal shooting of senior executive Brian Thompson outside a Manhattan hotel in December. The company also paid $207,931 on behalf of certain family members of the executives to provide them with …
UnitedHealth spent $1.7 million on executive security in 2024, filing shows Read More »
By Savyata Mishra and Neil J Kanatt (Reuters) -Kimberly-Clark slashed its annual profit forecast on Tuesday as the Kleenex tissue maker said it would incur about $300 million in costs this year due to U.S. President Donald Trump’s broad trade tariffs. While Trump’s efforts to impose import taxes on goods from major U.S. trading partners …
Kimberly-Clark cuts 2025 profit forecast as tariffs set to drive up costs Read More »
(Reuters) – The Trump administration’s on again, off again approach to tariffs has whipsawed global markets, prompting investors to seek shelter in safe haven assets such as gold. At the same time, the raging trade war with China and the possibility of a U.S. recession have spurred talks of overseas investors reducing their dollar and …
The safe-haven play: Economies’ holdings of gold vs Treasuries Read More »
(Reuters) – Boeing said on Tuesday it will sell portions of its Digital Aviation Solutions business to private equity firm Thoma Bravo for $10.55 billion. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D’Silva)
By Nell Mackenzie LONDON (Reuters) -Hedge funds are fleeing the stocks of companies that provide discretionary items and services consumers want but do not need, in a sign they anticipate an economic downturn, a Goldman Sachs prime brokerage note showed. Hedge funds dumped long positions last week in consumer discretionary and it is the most …
Hedge funds’ 2025 selling focuses on discretionary stocks, Goldman data shows Read More »
(Reuters) -Credit bureau Equifax beat Wall Street expectations for first-quarter profit on Tuesday, buoyed by a smaller-than-expected drop in inquiries for mortgage credit reports. The company also kept its annual forecast unchanged despite economic uncertainties, sending its shares up 7.7% before the bell. Wall Street had anticipated mortgage inquiries to be a source of positive …
Equifax’s quarterly profit lifted by better-than-expected mortgage business Read More »
