Centene posts narrow profit beat, signals early close of WellCare deal
Centene Corp said on Tuesday its deal for WellCare Health Plans could close sooner than previously expected and posted a profit that edged past Street estimates, reassuring investors of strength in its core Medicaid business.
Spanish court to probe Russian tycoon’s bid for supermarket chain: document
Spain’s High Court will investigate whether Russian tycoon Mikhail Fridman deliberately acted to depress the share price of struggling supermarket chain DIA in his bid to take control of the group, a court document seen by Reuters showed.
SoftBank clinches deal to take over WeWork
SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.
U.S. existing home sales drop more than expected in September
U.S. home sales fell more than expected in September as the market continues to struggle with a dearth of properties for sale, especially for cheaper homes.
Earnings lift stocks, sterling dips as more Brexit news to come
Stocks on world markets eked out small gains on Tuesday after some upbeat corporate results and talk of progress in China-U.S. trade talks, while sterling weakened as investors awaited further news on Britain’s eventual exit from the European Union.
Exxon to face trial in New York climate change investor fraud lawsuit
Exxon Mobil Corp on Tuesday was due to face trial in a lawsuit by New York’s attorney general accusing it of misleading investors about the risks of climate change regulations to its business.
SoftBank clinches deal to take over WeWork: sources
SoftBank Group Corp has agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.
U.S. companies facing worker shortage race to automate
U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows.
Turkey’s Halkbank could face fine for failing to appear in U.S. court: prosecutor
A U.S. prosecutor on Tuesday called Turkey’s Halkbank a “fugitive” after it failed to make an initial court appearance in a criminal case accusing it of conspiring to violate U.S. sanctions against Iran.
OPEC, allies to mull deeper oil cut amid worries over demand growth
OPEC and its allies will consider whether to deepen cuts to crude supply when they next meet in December due to worries about weak demand growth in 2020, sources from the oil-producing club said.
