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1 week ago | 
cp24.com | Arasu Kannagi Basil |Devika Syamnath
Royal Bank of Canada reported a jump in second-quarter profit on Thursday, as the country's biggest bank benefited from the acquisition of HSBC's domestic business and strength in its wealth management business. The $13.5 billion acquisition of HSBC Canada, the largest deal in RBC's history, has tightened the bank's grip at home and positioned it for more growth and scale. The inclusion of HSBC's Canadian operations boosted RBC's net income by $258 million.
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1 week ago | 
today.westlaw.com | Aatreyee Dasgupta |Devika Syamnath
(Reuters) -Union members at General Dynamics' Electric Boat submarine-making unit have voted to ratify a new contract, the United Auto Workers said on Wednesday. The union, representing over 2,400 marine drafters at Electric Boat, said 85% voted in...
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1 week ago | 
today.westlaw.com | Sriparna Roy |Yadarisa Shabong |Devika Syamnath
(Reuters) -Spero Therapeutics and partner GSK are stopping a late-stage trial of an experimental oral drug for complicated urinary tract infections early as the study met its main goal, the companies said on Wednesday. Shares of Spero more than...
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1 week ago | 
today.westlaw.com | Sriparna Roy |Devika Syamnath
(Reuters) -Eli Lilly will buy privately held SiteOne Therapeutics in a deal worth as much as $1 billion, the companies said on Tuesday, giving the drugmaker access to an experimental non-opioid pain medicine.
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3 weeks ago | 
today.westlaw.com | Sriparna Roy |Shilpi Majumdar |Christy Santhosh |Devika Syamnath
(Reuters) -UnitedHealth Group CEO Stephen Hemsley will get an annual base salary of $1 million and a one-time $60 million equity award as he returns to the top role at a tough time for the healthcare conglomerate. Hemsley, 72, had led the company for...
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3 weeks ago | 
today.westlaw.com | Puyaan Singh |Mariam Sunny |Devika Syamnath
(Reuters) -The U.S. Food and Drug Administration has approved Amneal Pharmaceuticals' self-administered migraine drug, giving way to a quick and more convenient treatment option for patients.
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1 month ago | 
gurutrade.com | Savyata Mishra |Devika Syamnath
May 5 (Reuters) - Skechers said on Monday it had agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal, at a time when the footwear company grapples with the impact of steep U.S. tariffs and erratic trade policy.
3G Capital has offered $63 per Skechers share in cash, representing a 28% premium to the stock's Friday close, according to Reuters calculation.
Shares of the company jumped more than 25% to $61.90 premarket after the announcement.
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1 month ago | 
today.westlaw.com | Savyata Mishra |Abigail Summerville |Devika Syamnath
(Reuters) -Skechers has agreed to be taken private by 3G Capital for $9.42 billion in the footwear industry's biggest buyout to date, exiting public markets after 26 years as the popular shoe brand grapples with the impact of steep U.S. tariffs....
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1 month ago | 
fastbull.com | Lisa Mattackal |Purvi Agarwal |Devika Syamnath |Grace Montgomery
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs against U.S. trading partners, ADP reported Wednesday. Private sector payrolls rose by just 62,000 for the month, the smallest gain since July 2024, amid heightened uncertainty over the degree of the tariffs and the impact they would have on hiring plans and broader economic conditions.
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1 month ago | 
gurutrade.com | Savyata Mishra |Devika Syamnath
April 29 (Reuters) - Kraft Heinz on Tuesday slashed its full-year organic sales and profit forecasts, as demand for its snacks and ready-to-eat meal kits takes a hit from higher prices and an uncertain economic backdrop wrought by recent U.S. tariffs.
Major packaged food firms such as Kraft Heinz, Conagra and General Mills have seen lackluster sales in the United States over the past year as volumes remained muted despite selective price reductions and higher promotions.
