USA News Hub

(Reuters) – CVS Health Corp (CVS.N) said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc (AET.N) after the Thanksgiving holiday. The pharmacy chain and benefits manager had previously expected the transaction to close by Nov. 22. CVS said in a filing bit.ly/2Kk8PSf it had received approval from […]

BEIRUT (Reuters) – Lebanon’s foreign ministry said on Tuesday it would stand by Nissan and Renault boss Carlos Ghosn, who is of Lebanese descent and holds Lebanese citizenship, a day after his arrest in Japan on financial misconduct allegations. Ghosn, one of the best-known leaders in the car industry, was arrested after Nissan Motor Co […]

TOKYO (Reuters) – Shares of Nissan Motor Co were overwhelmed with sell orders on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan’s No.2 automaker and its global alliance. In a late-night announcement on Monday, Nissan said Ghosn was arrested […]

NEW YORK (Reuters) – U.S. stocks dropped on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. The Dow Jones Industrial Average fell 395.78 points, or 1.56 percent, to 25,017.44, the S&P 500 lost 45.56 points, or 1.67 percent, […]

(Reuters) – Apple Inc (AAPL.O) has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources. A lower-than-expected demand for the new iPhones and Apple’s decision to offer more models has made it difficult to anticipate the number of components and handsets […]

NEW YORK (Reuters) – S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. Even with more earnings reports to come for the third quarter, buybacks by S&P 500 […]

NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp (NVDA.O) dragged down the Nasdaq. All three indexes had been lower in early trade as an underwhelming outlook […]

WOLFSBURG, Germany (Reuters) – Volkswagen (VOWG_p.DE) Chief Executive Herbert Diess on Friday said he expected the multi-brand carmaking group to be the most profitable manufacturer of electric cars thanks to economies of scale. Even first generation vehicles, which start rolling off production lines next year, are expected to make a positive contribution to Volkswagen Group’s […]

NEW YORK (Reuters) – The dollar fell to one-week lows against a basket of currencies on Friday as two Federal Reserve officials cautioned in separate television interviews about slowing global economic growth, raising doubts about the number of future rate increases. At 9:10 a.m. (1410 GMT), an index that tracks the greenback versus a basket […]

NEW YORK (Reuters) – U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports. Wall Street’s major indexes reversed an early drop after the Financial Times reported that U.S. Trade Representative Robert Lighthizer told a […]

(Reuters) – About 38 percent of American consumers plan to shop on Black Friday this year, and six in 10 of those shoppers anticipate making at least half of their holiday purchases on that day, a Reuters/Ipsos poll showed on Thursday. The day after Thanksgiving, which this year falls on Nov. 23, has been regarded […]

NEW YORK (Reuters) – Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp’s tumbling share price after raising bets on the utility in the months ahead of the Camp Fire, California’s deadliest wildfire. PG&E said liabilities related to the wildfire ravaging northern California could exceed […]

NEW YORK (Reuters) – Sterling scaled back its losses against the euro and dollar on Wednesday after Britain’s Prime Minister Theresa May said her cabinet backed her Brexit deal. At 2:44 p.m. (1944 GMT), the pound GBP=D3 was up 0.29 percent at $1.3006, while the euro EURGBP=D3 was marginally higher on the day at 87.105 […]

NEW YORK (Reuters) – The sterling fell to session lows against the euro and dollar on Wednesday following a BBC report that Brexit proponents in the Tory party in the U.K. parliament might call for a no confidence vote on their leader and Prime Minister Theresa May on Thursday. At 1:15 p.m. (1825 GMT), the […]