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The office building of health insurer Anthem is seen in Los Angeles, California

Anthem profit beats estimates as Medicaid memberships rise

Reuters - (Reuters) - U.S. health insurer Anthem Inc reported a better-than-expected profit as enrolments rose in its Medicaid plans, which cater to low-income Americans. The company, whose proposed acquisiti…

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  • The office building of health insurer Anthem is seen in Los Angeles, California
    Anthem profit beats estimates as Medicaid memberships rise Reuters

    (Reuters) - U.S. health insurer Anthem Inc reported a better-than-expected profit as enrolments rose in its Medicaid plans, which cater to low-income Americans. The company, whose proposed acquisition …

    The office building of health insurer Anthem is seen in Los Angeles, California

    (Reuters) - U.S. health insurer Anthem Inc reported a better-than-expected profit as enrolments rose in its Medicaid plans, which cater to low-income Americans. The company, whose proposed acquisition of rival Cigna Corp is being challenged by U.S. antitrust authorities, said overall memberships increased 3.2 percent …

  • Nintendo in wider-than-expected first-quarter loss, but hopes high for Pokemon GO Reuters

    By Makiko Yamazaki TOKYO (Reuters) - Japan's Nintendo Co Ltd <7974.T> booked an operating loss in the first quarter, hurt by unfavorable currency rates although hopes for long-term growth are running …

    A man uses a mobile phone in front of an advertisement board bearing the image of Pokemon Go at an electronic shop in Tokyo

    By Makiko Yamazaki TOKYO (Reuters) - Japan's Nintendo Co Ltd <7974.T> booked an operating loss in the first quarter, hurt by unfavorable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO. Nintendo posted an operating loss of 5.1 billion yen ($49 million) for the …

  • Volkswagen's $14.7 billion diesel U.S. emissions settlement clears hurdle Reuters

    By David Shepardson WASHINGTON (Reuters) - Volkswagen AG's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the …

    The logos of German carmaker Volkswagen is seen at a VW dealership in the Queens borough of New York

    By David Shepardson WASHINGTON (Reuters) - Volkswagen AG's $14.7 billion settlement of its U.S. diesel emissions cheating scandal cleared another legal hurdle on Tuesday, as a federal judge gave the automaker preliminary approval to buy back up to 475,000 vehicles. U.S. District Judge Charles Breyer in San Francisco …

  • State prosecutors reject U.S. lawmakers' subpoena on Exxon probe Reuters

    By Valerie Volcovici WASHINGTON (Reuters) - The top state prosecutors in New York and Massachusetts said on Tuesday they will refuse to comply with a subpoena from U.S. congressmen for details on their …

    The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York

    By Valerie Volcovici WASHINGTON (Reuters) - The top state prosecutors in New York and Massachusetts said on Tuesday they will refuse to comply with a subpoena from U.S. congressmen for details on their investigations into whether Exxon Mobil misled investors on climate change risks. The moves by New York Attorney General …

  • U.S. crude hits three-month low; API reports smaller crude draw Reuters

    By Barani Krishnan NEW YORK (Reuters) - U.S. crude prices fell on Tuesday, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus U.S. …

    A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

    By Barani Krishnan NEW YORK (Reuters) - U.S. crude prices fell on Tuesday, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus U.S. crude. Trade group American Petroleum Institute (API) said after the market's settlement that U.S. crude stockpiles fell …

  • Yen jumps before Bank of Japan meeting, oil mixed Reuters

    By Herbert Lash NEW YORK (Reuters) - A buoyant yen and U.S. oil prices at three-month lows kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will …

    A woman counts Japanese 10,000 yen notes in Tokyo, in this picture illustration

    By Herbert Lash NEW YORK (Reuters) - A buoyant yen and U.S. oil prices at three-month lows kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may provide clues on U.S. interest rates. The yen hit two-week highs against the euro …

  • Caterpillar shares up on earnings beat; cuts 2016 outlook Reuters

    Caterpillar Inc shares rallied Tuesday on better-than-expected second quarter earnings, even as the heavy machinery maker lowered its full-year forecast amid sluggish demand in mining and other industries. …

    CAT machines are seen on a lot at Milton CAT in North Reading, Massachusetts

    Caterpillar Inc shares rallied Tuesday on better-than-expected second quarter earnings, even as the heavy machinery maker lowered its full-year forecast amid sluggish demand in mining and other industries. Caterpillar shares, part of the Dow Jones industrial average <.DJI>, rose 4.7 percent to their highest level this …

  • Special Report: In Venezuela's murky oil industry, the deal that went too far Reuters

    By Alexandra Ulmer and Girish Gupta CARACAS/BOGOTA (Reuters) - Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de …

    A man stands close to the Cardon refineryn which belongs to the Venezuelan state oil company PDVSAn in Punto Fijo

    By Alexandra Ulmer and Girish Gupta CARACAS/BOGOTA (Reuters) - Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders in recent years: a multi-billion dollar project in the Orinoco Belt, the …

  • WestJet Airlines profit slumps, but beats estimates Reuters

    (Reuters) - WestJet Airlines Ltd's quarterly profit slumped 40.5 percent and the carrier said Tuesday that costs would rise this year due to the timing of maintenance expenses on its widebody aircraft …

    A West Jet aircraft departs Vancouver International Airport in Richmond

    (Reuters) - WestJet Airlines Ltd's quarterly profit slumped 40.5 percent and the carrier said Tuesday that costs would rise this year due to the timing of maintenance expenses on its widebody aircraft and extra charges incurred on a new London route. WestJet said it expected cost per available seat mile (CASM), excluding …

  • WestJet Airlines' profit plunges 40.5 pct as costs rise Reuters

    WestJet said it expected cost per available seat mile (CASM), excluding fuel and employee profit share, to rise by 2.5 to 3.5 percent in 2016, higher than the 0.5 to 1.5 percent anticipated earlier. Macquarie …

    A West Jet aircraft departs Vancouver International Airport in Richmond

    WestJet said it expected cost per available seat mile (CASM), excluding fuel and employee profit share, to rise by 2.5 to 3.5 percent in 2016, higher than the 0.5 to 1.5 percent anticipated earlier. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "teething …

  • Amazon launches Prime loyalty program in India Reuters

    (Reuters) - Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world's second-most populous country. The world's biggest online retailer …

    Security guards stand at the reception desk of the Amazon India office in Bengaluru

    (Reuters) - Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world's second-most populous country. The world's biggest online retailer has been pumping billions of dollars into India as it seeks to win a bigger share of a market dominated by homegrown …

  • Fed seen holding rates steady as inflation watch continues Reuters

    By Ann Saphir SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold …

    The United States Federal Reserve Board building is shown in Washington

    By Ann Saphir SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation. Central to the debate at the Fed's July 26-27 policy meeting will be …

  • Exclusive: EU to seek arbitration in dispute with United States over Norwegian Air - sources Reuters

    By Julia Fioretti BRUSSELS (Reuters) - The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier's wish …

    Parked Boeing 737-800 aircrafts belonging to budget carrier Norwegian Air are pictured at Stockholm Arlanda Airport

    By Julia Fioretti BRUSSELS (Reuters) - The European Commission will launch an arbitration procedure to resolve a dispute between Norwegian Air Shuttle and U.S. regulators over the budget carrier's wish to fly to the United States from Ireland, two sources said. The EU executive will take the unprecedented step as it …

  • Goldman is sued in U.S. over merger linked to Malaysia's 1MDB Reuters

    By Jonathan Stempel NEW YORK (Reuters) - Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently …

    A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia

    By Jonathan Stempel NEW YORK (Reuters) - Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country's prime minister. In a complaint filed with the New York …

  • Exclusive: Barrick Gold weighs sale of $1.9 billion Acacia stake - sources Reuters

    By John Tilak and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc and has …

    Barrick Gold Corp Chairman Thornton looks on during their annual general meeting for shareholders in Toronto

    By John Tilak and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc and has approached several South African miners, according to sources familiar with the situation. The potential sale would be …

  • German prosecutors widen Volkswagen probe to 21 staff Reuters

    Prosecutors in the German city of Braunschweig said they had widened their probe into diesel emissions cheating, with 21 current and former Volkswagen staff under investigation. As part of the probe, …

    A Volkswagen sign is seen on a wheel of a car presented during an auto show in Beijing

    Prosecutors in the German city of Braunschweig said they had widened their probe into diesel emissions cheating, with 21 current and former Volkswagen staff under investigation. As part of the probe, offices and private residences in the German state of Lower Saxony were searched, prosecutor Klaus Ziehe said on Tuesday. …

  • Swiss to pass information on HSBC accounts to U.S. tax agency Reuters

    By John Miller ZURICH (Reuters) - Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into …

    The HSBC logo is seen on a top roof of the main branch in Beirut

    By John Miller ZURICH (Reuters) - Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion. HSBC's Swiss unit has already paid tens of millions of dollars in fines after admitting substandard compliance …

  • Global stocks dip ahead of Fed meeting; oil drops on glut Reuters

    By Herbert Lash NEW YORK (Reuters) - Global equity markets edged lower on Monday as a 2 percent drop in crude prices weighed on investor sentiment and traders awaited signals of a potential interest rate …

    Traders work on the floor of the NYSE

    By Herbert Lash NEW YORK (Reuters) - Global equity markets edged lower on Monday as a 2 percent drop in crude prices weighed on investor sentiment and traders awaited signals of a potential interest rate increase this year from this week's meeting of U.S. Federal Reserve policymakers. Shares in Europe closed slightly …

  • Buyout funds eye alliances for SABMiller's Pilsner, east Europe brands Reuters

    By Pamela Barbaglia and Jan Lopatka LONDON/PRAGUE (Reuters) - U.S. and European buyout funds are gearing up for SABMiller's sale of its central and eastern European beer brands, with some seeking to …

    A glass with beer and a bottle of Corona are seen in this picture illustration taken in Sarajevo

    By Pamela Barbaglia and Jan Lopatka LONDON/PRAGUE (Reuters) - U.S. and European buyout funds are gearing up for SABMiller's sale of its central and eastern European beer brands, with some seeking to join forces to snap up assets worth up to 7 billion euros ($7.7 billion), sources familiar with the matter said. The brewing …

  • SunEdison unit TerraForm Power adopts poison pill Reuters

    (Reuters) - SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company. Brookfield Asset Management …

    The headquarters of SunEdison is shown in this aerial photo in Belmont

    (Reuters) - SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company. Brookfield Asset Management Inc and hedge fund Appaloosa plan to jointly bid for SunEdison's stake in TerraForm Power, according to a regulatory …