CVS closes in on deal to buy health insurer Aetna: source
(Reuters) – CVS Health Corp is moving closer to a more than $66 billion cash and stock deal to buy health insurer Aetna Inc that could be announced as early as Monday, a source familiar with the matter said on Thursday.
Dow breaks above 24,000 mark as tax bill wins crucial support
(Reuters) – The Dow Jones Industrial Average pierced through the 24,000 mark for the first time on Thursday and the other indexes rallied on strong indications that President Donald Trump’s tax-cut plan may get enough support for passage.
VW’s unions fully back management’s turnaround efforts: CEO
BERLIN (Reuters) – Volkswagen brand’s management has the full backing of labor unions as it pushes ahead with the implementation of a multi-billion-euro turnaround plan, the carmaker’s chief executive said.
Dialog shares tank on report Apple to design own power chips
FRANKFURT (Reuters) – Apple is designing its own power-management chips for use in iPhones as early as 2018, the Nikkei business daily reported on Thursday, triggering a more than 20 percent slide in shares of supplier Dialog Semiconductor.
Carl Icahn blasts SandRidge Energy’s poison pill move
(Reuters) – SandRidge Energy Inc’s top shareholder and activist investor Carl Icahn blasted the oil and gas company’s move to adopt a poison pill plan amid strong opposition to its $746 million bid for Bonanza Creek Energy Inc.
Apple to design its own power chips as early as 2018: Nikkei
FRANKFURT (Reuters) – Apple Inc is designing its own main power management chips for use in iPhones as early as in 2018, the Nikkei business daily reported on Thursday, triggering slide of over 20 percent in shares of Dialog Semiconductor Plc.
Bitcoin loses over a fifth of its value in less than 24 hours
LONDON (Reuters) – Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. <BTC=BTSP>.
VW brand forecasts record sales of over 6 million models
WOLFSBURG, Germany (Reuters) – The Volkswagen car brand expects deliveries to hit a record this year and raised its midterm profitability forecast on Thursday, citing cost cuts and expanding ranges of higher-margin models.
Express Scripts CEO sees Amazon as a potential partner: CNBC
(Reuters) – Express Scripts Holding sees Amazon.com Inc , which has been reported to be interested in entering the pharmacy market, as a possible partner rather than a competitor, the chief executive of the pharmacy benefit manager (PBM) said on Thurs…
Luxury auto brands adopt new strategies as the old run out of gas
LOS ANGELES (Reuters) – Success in the United States used to come easily for German automaker BMW AG , whose sporty sedans in three sizes would be snapped up by affluent consumers.
