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CVS closes in on deal to buy health insurer Aetna: source

November 30, 2017 by  
Filed under News

(Reuters) РCVS Health Corp is moving closer to a more than $66 billion cash and stock deal to buy health insurer Aetna Inc that could be announced as early as Monday, a source familiar with the matter said on Thursday.


Source: Reuters Business News

Goldman eschews bitcoin but wants to help clients crypto-trade

November 30, 2017 by  
Filed under News

NEW YORK (Reuters) – Goldman Sachs Group Inc is trying to figure out how to cater to investors who want to trade bitcoin even though the digital currency remains too volatile for the Wall Street bank to trade itself, according to comments by a representative and its chief executive officer on Thursday.


Source: Reuters Business News

Kroger profit improves amid Amazon threat, shares pop

November 30, 2017 by  
Filed under News

(Reuters) – Kroger Co issued an upbeat holiday forecast and better-than-expected quarterly results, helped by aggressive discounts that lured more shoppers to its supermarkets, and shares soared as much as 13.6 percent.


Source: Reuters Business News

Dow tops 24,000 as tax bill garners crucial support

November 30, 2017 by  
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(Reuters) – The Dow Jones Industrial Average broke the 24,000 mark for the first time on Thursday and other Wall Street indexes rallied on strong indications that President Donald Trump’s tax-cut plan may get enough support to pass.


Source: Reuters Business News

Dialog shares tank on report Apple to design own power chips

November 30, 2017 by  
Filed under News

FRANKFURT (Reuters) – Apple is designing its own power-management chips for use in iPhones as early as 2018, the Nikkei business daily reported on Thursday, triggering a more than 20 percent slide in shares of supplier Dialog Semiconductor.


Source: Reuters Business News

Uber lawyer says ex-CEO, board members told of letter kept from Waymo lawsuit

November 29, 2017 by  
Filed under News

SAN FRANCISCO (Reuters) – Uber Technologies Inc’s former chief executive and some board members knew of a letter a U.S. judge has said was withheld from a high-stakes lawsuit, an attorney for the company testified on Wednesday.


Source: Reuters Business News

Fed should continue to raise rates slowly, Williams says

November 29, 2017 by  
Filed under News

PHOENIX (Reuters) – With falling U.S. unemployment expected to put upward pressure on inflation, the Federal Reserve should keep raising interest rates gradually, San Francisco Federal Reserve President John Williams said on Wednesday.


Source: Reuters Business News

AT&T CEO sticks to guns on Time Warner deal

November 29, 2017 by  
Filed under News

(Reuters) – AT&T Inc remains determined to pursue its case against the government to push through its purchase of Time Warner Inc , Chief Executive Randall Stephenson said on Wednesday.


Source: Reuters Business News

Lawsuit questions conduct of Madoff victims' lawyer

November 29, 2017 by  
Filed under News

NEW YORK (Reuters) – A new lawsuit accuses a lawyer representing hundreds of victims defrauded by Bernard Madoff of cheating her own clients through overbilling, discouraging settlements and having conflicts of interest.


Source: Reuters Business News

Nasdaq drops further as techs fall out of favor

November 29, 2017 by  
Filed under News

(Reuters) – The tech-heavy Nasdaq Composite index slipped further in early afternoon trading on Wednesday as investors shifted to financials that have been bolstered by strong economic data and encouraging comments from Fed officials.


Source: Reuters Business News

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