Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination the companies say can help cut soaring U.S. healthcare costs.
U.S. stock indexes dived around 1 percent on Wednesday as worries over China and the impact of rising Treasury yields on global growth drove falls in luxury goods companies and chipmakers.
U.S. producer prices increased 0.2 percent in September, in line with expectations, while a revision to wholesale inventory estimates for August showed the biggest jump in nearly five years, beating forecasts.
Casino’s upmarket Monoprix supermarket chain said the start of its partnership with Amazon Prime’s delivery service for Paris had been better than expected – an alliance that could prove crucial for debt-ridden Casino’s fortunes.
Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection as early as Friday, sources said on Wednesday.
The U.S. Justice Department is expected to approve drug retailer CVS Health Corp’s deal to buy health insurer Aetna Inc as soon as Wednesday, a source familiar with the review said.
The world’s biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking above $100 next year as U.S. sanctions on Iran reduce crude exports from the Islamic republic.
U.S. stocks opened broadly lower on Wednesday, as Treasury yields rose after data showed U.S. producer prices climbed last month, suggesting there was no relief on inflation pressures.
General Motors Co named former Central Intelligence Agency official Jami Miscik to its board, the No.1 U.S. automaker said on Wednesday.
Danish and Estonian financial crime agencies have not asked Russia to help investigate a massive money laundering scandal at Danske Bank involving Russian and other account holders, Russia’s financial monitoring service told Reuters on Wednesday.
Sears Holdings Corp shares lost nearly a third of their value in early trading on Wednesday, after a report said that the beleaguered retailer had hired advisers to prepare for a bankruptcy filing ahead of a debt payment deadline.
U.S. producer prices increased 0.2 percent in September, reversing an unexpected decline in August and in line with expectations.
As of November 10, investors in 27 industries will come under tougher scrutiny as an inter-agency panel led by the U.S. Treasury Department begins tightening foreign investment rules as part of a pilot program, according to a senior treasury official.
Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday.
World stocks flatlined on Wednesday just above eight-week lows, curbed by U.S. long-dated borrowing costs near multi-year peaks, renewed fears for the global economy and the possibility of an Italy-EU clash over budget spending.
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