Tuesday 30 January 2018

Breaking business news: Health insurer Aetna quarterly profit soars 75.5 percent

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Tuesday, January 30, 2018
Health insurer Aetna quarterly profit soars 75.5 percent
(Reuters) - Aetna Inc , which has agreed to be bought by CVS Health Inc , reported a 75.5 percent rise in quarterly profit on Tuesday, due to lower restructuring and transaction and integration-related costs.
World stocks sucked under by bond market breakout
LONDON (Reuters) - World stocks were in their biggest two-day dive in six months on Tuesday and commodities were also jammed in reverse, as rising U.S. borrowing costs cooled financial markets' euphoric start to the year.
U.S. washer tariffs put Samsung, LG supply chains through the wringer
SEOUL (Reuters) - When South Korea's Samsung Electronics and LG Electronics last year announced plans to build home appliance factories in the United States, they hoped to sidestep any fallout from President Donald Trump's "America First" manufacturing and jobs mantra.
Exclusive: Blackstone in talks to buy majority stake in key Thomson Reuters unit
LONDON (Reuters) - U.S. private equity firm Blackstone Group LP is in advanced talks to buy an approximate 55 percent stake in the Financial and Risk business of Thomson Reuters Corp, a deal that would value the unit at about $20 billion including debt, three sources familiar with the matter said on Monday.
Coal firms plead to courts, Trump for West Coast export terminals
WASHINGTON (Reuters) - The ailing U.S. coal industry is ramping up its political and legal offensive to win approval for West Coast export terminals that could provide a lifeline to lucrative Asia markets.
U.S. rejects proposals to unblock NAFTA, will seek 'breakthroughs'
MONTREAL (Reuters) - U.S. President Donald Trump's trade chief rejected Canadian proposals for unblocking NAFTA modernization talks on Monday but pledged to seek "breakthroughs" by late February, easing concerns that Washington would soon withdraw from the trilateral pact.
SAP forces the pace on cloud, buys $2.4 billion U.S. software firm
WALLDORF, Germany (Reuters) - Europe's top technology company SAP announced a $2.4 billion U.S. acquisition to help it boost revenues from its cloud platform and CEO Bill McDermott said it would streamline its overall business this year to bolster margins.
Uber sells vehicle lease portfolio of unit to startup firm Fair
(Reuters) - Ride-hailing firm Uber on Tuesday said it would sell vehicles and the existing lease portfolio of its auto-leasing business Xchange Leasing to startup digital car marketplace Fair.
VW CEO says stunned by 'repulsive' diesel fume tests
FRANKFURT/BERLIN (Reuters) - Volkswagen's CEO said he was "stunned" by reports the carmaker had sponsored tests that exposed monkeys and humans to toxic diesel fumes and, two years after an emissions cheating scandal, pledged once again to get to the bottom of the wrongdoing.
Macau regulator says met with Wynn executives over sexual harassment claims
HONG KONG (Reuters) - Macau's gaming regulator met with representatives of U.S. mogul Steve Wynn in the Chinese controlled territory over claims in a newspaper report that he routinely subjected women who worked for him to unwanted sexual advances.
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