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
Palo Alto wins by inclusion in S&P 500 index Apple climbs ahead at developer conference Indices: Dow down 0.25%, S&P up 0.22%, Nasdaq up 0.46% June 5 (Reuters) – The S&P 500 and the Nasdaq rose on Monday as Apple hit an all-time high and investors weighed the chances of the Federal Reserve pausing rate … 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
LONDON, June 4 (Reuters) – AstraZeneca’s lung cancer therapy, Tagrisso, cut the risk of death by more than half in patients with some form of lung cancer who were diagnosed early enough to have their tumor surgically removed, study data showed. Tagrisso is already the crown jewel in the Anglo-Swedish drugmaker’s portfolio, raking in $5.4 … Read more
ISTANBUL, June 4 (Reuters) – Airbus (AIR.PA) has signed a potentially record deal for the sale of 500 narrow-body A320 jets to India’s largest airline IndiGo (INGL.NS), industry sources said on Sunday. The European aircraft maker has emerged as a front-runner for an order that overshadows Air India’s historic preliminary purchase of 470 jets in … 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
June 2 (Reuters) – Cancer test maker Grail Inc (GRAL.O) said on Friday that its telemedicine provider mistakenly sent letters to about 400 patients suggesting they may have developed cancer. Galleri, the flagship Grail blood test for cancer detection, is designed to detect more than 50 types of cancer before symptoms appear. The company, owned … Read more
NEW YORK, June 2 (Reuters) – As the US stock market continues its climb, investors who own shares of the huge technology and growth companies leading the way are debating whether to cash out or stay for the ride. A record $8.5 billion flowed into tech stocks last week, data from BofA Global Research showed, … 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
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