Credit Suisse will be merged with UBS after the deal is completed New group will oversee $5 trillion in assets The CEO of UBS has warned of painful decisions ahead UBS CEO: Still analyzing plan for Credit Suisse’s domestic business UBS shares rose slightly higher in premarket ZURICH, June 5 (Reuters) – UBS (UBSG.S) expects … Read more
June 5 (Reuters) – UnitedHealth Group (UNH.N) made a surprise $3.26 billion cash offer on Monday to acquire Amedisys Inc (AMED.O), pitting itself against another healthcare company that was planning buy the home care and hospice business. Interest in the home healthcare sector has exploded since the pandemic as patients and caregivers increasingly prefer to … Read more
(1/6) Police arrest a woman with paper flowers downtown on the 34th anniversary of the 1989 Tiananmen Square performance in Beijing, near where the candlelight vigil is usually held, in Hong Kong, China, 4 June 2023. REUTERS/Tyrone Siu HONG KONG/TAIPEI, Jun 4 (Reuters) – Hong Kong police on Sunday searched and detained dozens of people, … Read more
(1/2) A screen displays the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid June 3 (Reuters) – Walt Disney’s (DIS.N) Pixar Animation Studios has eliminated 75 positions, including that of two executives behind box … Read more
BERN, June 2 (Reuters) – UBS (UBSG.S) Chief Executive Sergio Ermotti on Friday warned of painful job-cutting decisions following the acquisition of Credit Suisse (CSGN.S), which he said he hoped would come to an end in the near future. days would be formalized. “We will not be able to create jobs for everyone in the … Read more
June 1 (Reuters) – Shareholders of Netflix Inc (NFLX.O) on Thursday withdrew their support for the company’s management’s compensation package, in a non-binding vote that followed a call from striking Hollywood writers for the proposed compensation before 2023. The Writers Guild of America West had urged investors to vote against compensation being offered to Netflix’s … Read more
June 1 (Reuters) – Ford Motor Co (FN) on Wednesday sued the Blue Cross Blue Shield Association in US court, accusing it of a price-fixing conspiracy that forced the automaker to overcharge for health insurance products for its employees. Ford’s lawsuit in federal court in Detroit accused the insurer and its Michigan regional affiliate of … Read more
NEW YORK, June 1 (Reuters) – Elon Musk is being charged with insider trading in a proposed class action by investors accusing the CEO of Tesla Inc (TSLA.O) of manipulating the cryptocurrency Dogecoin, which has cost them billions of dollars . In a Wednesday night filed in Manhattan federal court, investors said Musk used Twitter … Read more
May 31 (Reuters) – Lucid Group (LCID.O) said it plans to raise about $3 billion through an equity offering, nearly two-thirds of which will come from Saudi Arabia’s Public Investment Fund (PIF). vehicle manufacturer down 9% after market hours. PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares … Read more
(1/6) Ukrainian President Volodymyr Zelenskiy attends a welcoming ceremony at a meeting of the European Political Community at Mimi Castle in Bulboaca, Moldova, June 1, 2023. REUTERS/Vladislav Culiomza Summit shows support for Ukraine against Russian invasion NATO deploys AWACS spy planes to meet security challenges Missile debris from the war in Ukraine has fallen in … Read more
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