Cigna says Anthem deal could close in 2017; Anthem sticks to 2016
NEW YORK (Reuters) – Health insurer Cigna Corp , which announced plans to be bought by larger Anthem Inc 10 months ago, on Friday said the deal may close in 2017 rather than 2016 due to the complexity of the regulatory process, according to a filing w…
BlackRock sees no more than one U.S. rate hike in 2016
NEW YORK (Reuters) – A top bond manager at BlackRock , the world’s biggest asset manager, said on Friday he does not expect the Federal Reserve to raise U.S. interest rates more than once in 2016 following a disappointing April payrolls report.
U.S. GDP seen growing 0.8 percent in second quarter: N.Y. Fed
NEW YORK (Reuters) – The U.S. economy is on track to expand at an annualized rate of 0.8 percent in the second quarter, unchanged from its estimate a week earlier, following this week’s spate of domestic economic data, the New York Federal Reserve said…
Evonik to buy specialty chemical ops from Air Products for $3.8 billion
FRANKFURT (Reuters) – Germany’s Evonik Industries AG will buy the specialty and coating additives operations of U.S. industrial gas producer Air Products and Chemicals Inc for $3.8 billion.
Bosses take bigger share of top British firms’ profits
LONDON (Reuters) – Chief executives at Britain’s largest companies had a pay cut last year. But profits fell further, ensuring a decade-long trend of bosses taking a rising share of corporate profits continued.
Oil drillers dig for the bottom for rig counts
NEW YORK (Reuters) – For the past year and a half, a chart of the number of U.S. oil rigs in operation has resembled a death-defying ski slope – but it may be time to get back on the chair lift.
U.S. trade panel to probe devices of eight smartphone vendors
HONG KONG (Reuters) – The U.S. International Trade Commission (USITC) is launching an investigation into mobile devices made by eight smartphone vendors including Samsung Electronics Co over an alleged patent violation, the trade panel said on its web…
Italian prosecutor probes Deutsche Bank for possible market manipulation
BARI, Italy (Reuters) – An Italian prosecutor is investigating Deutsche Bank for possible market manipulation regarding the sale of 7 billion euros ($8 billion) in Italian government bonds five years ago, an investigative source said on Friday.
President of Philippine bank at center of $81 million heist quits
MANILA (Reuters) – The Philippines’ Rizal Commercial Banking Corp said it has accepted the resignation of its president, Lorenzo Tan, even as it cleared the official of any wrongdoing in connection with a $81 million money laundering scandal.
JC Penney cuts employee hours after ‘expense challenge’: NY Post
(Reuters) – Department store operator J.C. Penney Co Inc faced “an expense challenge” in April and in response cut payroll, froze overtime for its employees and took other cost-cutting measures, the New York Post reported, citing an internal memo.
