U.S. lawmakers grill airline executives after customer disasters
WASHINGTON (Reuters) – U.S. lawmakers threatened United Airlines and other carriers on Tuesday with legislation aimed at improving customer service after a passenger was hauled down the aisle of a flight last month.
Wall Street edges up on heavy earnings day; Fed on tap
(Reuters) – Wall Street edged higher on Tuesday as gains for the tech and industrial sectors countered weakness in auto and energy stocks and investors digested a heavy day of earnings reports.
Merck eyes key cancer drug growth as others lose patent protection
(Reuters) – Merck & Co Inc on Tuesday reported better-than-expected profit in the first quarter as surprisingly strong demand for animal health products, vaccines and its hepatitis C treatment offset nearly $700 million in lower sales from drugs that lost patent protection.
CVS Health’s profit beats as pharmacy margins rise
(Reuters) – CVS Health Corp reported a bigger-than-expected quarterly profit as higher margins in its pharmacy business helped offset the loss of major contracts last year.
Taking a Toll: How Japan Post’s big global bet unraveled
TOKYO/SYDNEY (Reuters) – In February 2015, bankers working on Japan’s biggest IPO in three decades woke to news that left them shaken. Their client had just closed a multi-billion dollar deal – but had kept them firmly out of the loop.
U.S. lawmakers to grill United Airlines on passenger removal
WASHINGTON/NEW YORK (Reuters) – United Airlines Inc executives will visit Capitol Hill on Tuesday to face lawmakers’ questions about the forcible removal of a passenger on an overbooked flight last month, an incident that provoked international outrage…
Prescription for growth at Pfizer? Analysts say deals
(Reuters) – Pfizer Inc posted basically flat first-quarter earnings, prompting suggestions that the largest U.S. drugmaker needs to do deals in order to improve its growth prospects.
BlackRock leads first quarter fund sales in Europe: Lipper
LONDON (Reuters) – Asset manager BlackRock led peers in Europe with fund sales of 22.1 billion euros ($24.11 billion) during the first-quarter, data from Thomson Reuters Lipper on Tuesday showed.
Bitcoin soars above $1,400 to all-time high
LONDON (Reuters) – Bitcoin surged to an all-time high above $1,400 on Tuesday, after more than tripling in value over the past year, with its most recent rise attributed to strong demand in Japan, where the digital currency has been deemed a legal mean…
Insurer Aetna posts loss, evaluates Obamacare exposure
(Reuters) – Aetna Inc reported a quarterly net loss on Tuesday related to costs from its failed acquisition of Humana Inc and said it will cut exposure to money-losing Obamacare coverage in 2018.
