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
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) – 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
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
BENGALURU, May 31 (Reuters) – US home prices will fall less this year than previously expected before stagnating in 2024, despite widespread expectations that interest rates will stay high longer, according to real estate analysts polled by Reuters. Even as the US Federal Reserve has embarked on its most aggressive tightening cycle in four decades, … Read more
HONG KONG, May 31 (Reuters) – CEO of JPMorgan Chase & Co (JPM.N), Jamie Dimon, said on Wednesday that the United States and China need “real engagement” to resolve their vexing security and trade issues. “You’re not going to fix these things if you’re just sitting on the other side of the Pacific yelling at … Read more
SHENZHEN, China, May 31 (Reuters) – The aspiring Chinese tech entrepreneur is finding it increasingly difficult to expand into the US. Before 2019, there were few major barriers to having a Chinese company doing business in the US from China. But amid escalating trade tensions between the US and China, especially after Washington enacted sanctions … Read more
Nvidia hits $1 trillion in market cap for the first time US consumer confidence better than expected in May Dow down 0.3%, S&P down 0.1%, Nasdaq up 0.2% May 30 (Reuters) – Stocks on Wall Street were mixed on Tuesday, weighed down by concerns over Republicans opposing a deal to raise the $31.4 trillion debt … Read more
(1/2) Homes are partially submerged after the flooding of the San Joaquin River, in Manteca, California, U.S. on March 19, 2023. REUTERS/Fred Greaves/File Photo NZIA membership shrinks from 30 in March to 17 US Republicans have stepped up criticism of insurers Remaining members call to decide how to proceed LONDON, May 30 (Reuters) – Three … Read more
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