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(Reuters) – Drugstore chain Walgreens Boots Alliance Inc and Microsoft Corp said on Tuesday they have entered a seven-year agreement to research and develop new methods of delivering healthcare services through digital devices. As a part of the deal, the companies will focus on virtually connecting people with Walgreens stores and provide services on therapeutic […]

(Reuters) – Netflix Inc (NFLX.O) is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer’s first price increase since 2017 as it spends heavily on original content and international expansion. Prices for its popular standard plan, which allows streaming on two devices at the same time, […]

SHANGHAI (Reuters) – Huawei’s [HWT.UL] founder Ren Zhengfei on Tuesday rejected claims his company is used by the Chinese government to spy and said he missed his daughter, who is being held by Canadian authorities, the Financial Times newspaper reported. Meng Wanzhou, Huawei’s chief financial officer, was detained in Canada last month at the request […]

(Reuters) – Facebook Inc (FB.O) will invest $300 million over three years in local news globally as it faces blistering criticism over its role in the erosion of the news business worldwide. The investment in time and money is a significant expansion of a plan to help newsrooms in the U.S. and abroad create and […]

NEW YORK (Reuters) – UnitedHealth Group Inc (UNH.N) is performing better in 2019 than suggested by the Wall Street analyst consensus for first-quarter adjusted earnings, Chief Financial Officer John Rex said on Tuesday during a conference call with investors. The average analyst estimate for first-quarter earnings is $3.48 per share. For 2019, analysts expect full-year […]

(Reuters) – Struggling California power company PG&E Corp (PCG.N) said on Tuesday Roger Kimmel, vice chairman of investment banking firm Rothschild Inc, had resigned from company’s board. The utility said his resignation did not involve any disagreement on any matter relating to its operations. PG&E said on Monday it was preparing to file for Chapter […]

NEW YORK (Reuters) – U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off. Data showed that China’s exports unexpectedly fell the most in two years in December and imports also contracted. The drop […]

MONTREAL (Reuters) – Air Canada is interested in further developing the use of narrowbody aircraft to serve the transatlantic market and would look at both Airbus and Boeing models, a senior executive said. Mark Galardo, vice-president of network planning at the Canadian national carrier, said in answer to a question that the group would study […]

ABU DHABI (Reuters) – Saudi Arabia plans to develop a $2 billion solar and carbon black integrated complex in partnership with China’s Longi and South Korea’s OCI, a Saudi official said. A feasibility study for the solar and carbon project will be completed by mid-2019, said Tariq Baksh, vice president, chemicals and renewables program, at […]

SAN FRANCISCO (Reuters) – Two shareholder lawsuits filed this week accused the board of Google parent Alphabet Inc of playing a direct role in covering up sexual misconduct claims against two former executives over the last five years. The company declined to comment. Both of the lawsuits seek to force Google to change its governance […]

(Reuters) – Corporations across a variety of industries – auto, energy, electronics, aerospace, telecom – have invested in startup companies engaged in various aspects of automotive electrification, including batteries, charging devices and complete vehicles. Here is a short list of prominent non-automotive corporate investors and the electrification startups they have funded: Intel Corp (technology): Prieto, […]

(Reuters) – Shares of Macy’s Inc (M.N) plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December. Sales from Macy’s stores and third-party licensees open for more than 12 months is now expected to grow about 2 percent, […]

LONDON (Reuters) – Carmaker Rolls-Royce called on the British government to avoid a disorderly Brexit and said it was building up some stock, expanding warehouse capacity and training suppliers for customs changes in case Britain leaves the EU without a deal. Britain, the world’s fifth largest economy, is due to leave the globe’s biggest trading […]

PARIS (Reuters) – Europe’s Airbus lost out to Boeing in 2018, breaking a five-year winning streak against its U.S. rival for the number of jet orders, slumping to its lowest share of the $150 billion jet market in six years, data showed on Wednesday. Airbus posted 747 net 2018 orders, down 33 percent from the […]

AMSTERDAM (Reuters) – The Dutch government said on Thursday it will cooperate with an investigation by the EU Commission into Nike Inc.’s (NKE.N) tax arrangements in the Netherlands. “To be clear: this does not mean that the commission has already reached a verdict, but merely that they have doubts whether or not there was state […]

SAN FRANCISCO (Reuters) – Federal Reserve policymakers have indicated they may be open to tweaking a longstanding plan to shrink the central bank’s balance sheet, including by shedding housing-backed bonds earlier than anticipated or keeping a bigger-than-expected portfolio of assets. Those were among a range of options discussed at the Fed’s December meeting, minutes released […]

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(Reuters) – Lennar Corp (LEN.N) said it was seeing improvement in buyer traffic in the first quarter of fiscal year 2019 as interest rates begin to ease after climbing to multi-year highs in the past year. The second largest U.S. homebuilder said it expects to deliver over 50,000 homes in the current year. “With inventories […]

KUALA LUMPUR (Reuters) – A Malaysian court on Monday refused bail to former Goldman Sachs (GS.N) banker Roger Ng, pending his extradition to the United States where he faces charges related to suspected money laundering of funds siphoned off from state fund 1MDB. Ng has been detained in Kuala Lumpur since Nov. 1, shortly after […]