Business & Finance News
(Reuters) – Visa Inc and Mastercard Inc are close to settling a long-running antitrust lawsuit with merchants over the fees they pay while they accept card payments, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
(Reuters) – Shares of Madison Square Garden Co rose 12 percent on Thursday after the New York Knicks owner said it is exploring a spinoff to separate its sports businesses from live entertainment.
FRANKFURT/MUNICH (Reuters) – The breakup of General Electric announced this week has put pressure on German conglomerates to consider similar moves, but executives must take account of the labor unions on their boards who have the power to veto radical plans.
(Reuters) – Amazon’s move to entrench itself in the health sector sent drug stocks sliding on Thursday, but gains in financial and technology stocks, helped Wall Street keep its footing.
PARIS (Reuters) – French luxury group LVMH is parting ways with the eco-friendly Edun label started by singer Bono and his wife Ali Hewson, transferring its minority stake back to the founders.
(Reuters) – Amazon.com Inc said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and retailers tumbling as the e-commerce giant moves deeper into healthcare sector.
WASHINGTON (Reuters) – The U.S. economy slowed more than previously estimated in the first quarter amid the weakest consumer spending in nearly five years, but growth appears to have since regained momentum on the back of a robust labor market and tax cuts.
(Reuters) – Amazon.com Inc said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and drug retailers down.
(Reuters) – Walgreens Boots Alliance Inc’s quarterly profit beat estimates on Thursday as the drugstore chain benefited from its acquisition of rival Rite Aid Corp’s stores, and the company said it would buy back shares worth up to $10 billion.
WASHINGTON, (Reuters) – The number of Americans filing for unemployment benefits increased more than expected last week, but the trend in claims remained consistent with a tightening labor market.
(Reuters) – Activist investor Carl Icahn has reduced his stake in energy company Cheniere Energy Inc to 9.5 percent, and said he was confident in the company’s management and Chief Executive Officer Jack Fusco.
NEW YORK (Reuters) – JPMorgan Chase & Co said on Thursday that it is now offering a digital bank account for smartphones nationally after testing and refining the app in St. Louis since October.
(Reuters) – U.S. stock index futures rose slightly on Thursday, after China approved a U.S. chipmaker deal and Accenture posted strong results, but uncertainty about Washington’s trade stance with China weighed on the mood.
(Reuters) – Walgreens Boots Alliance Inc’s third-quarter profit beat analysts’ expectations on Thursday, benefiting from its acquisition of Rite Aid Corp stores, and the drugstore chain authorized a $10 billion share buyback program.
FRANKFURT/MUNICH (Reuters) – Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said.
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