By Tina Bellon and Nivedita Balu (Reuters) – Lyft Inc closed 2021 with its first full-year adjusted profit as customers eager to step out and travel paid a record amount for trips during the fourth quarter and more drivers returned to work, the ride-hailing company said on Tuesday. Revenue per active rider jumped 13.5% to…
By Dietrich Knauth (Reuters) -A mediator holding talks between members of the Sackler family that own Purdue Pharma and U.S. states opposed to the OxyContin-maker’s bankruptcy exit plan requested an extension of negotiations intended to resolve claims that the company fueled a U.S. opioid epidemic. The mediator asked a bankruptcy judge to extend the deadline…
By David Lawder WASHINGTON (Reuters) – U.S. goods exports to China fell in December, cementing a massive shortfall in Beijing’s two-year purchase commitments under the “Phase 1” trade deal negotiated by former President Donald Trump’s administration. The U.S. Census Bureau said on Tuesday that the United States’ 2021 goods trade deficit with China rose by…
(Reuters) – Johnson & Johnson quietly shut down the only plant making usable batches of its COVID-19 vaccine late last year, the New York Times reported, citing people familiar with the decision. The halt is temporary, with the plant in the Dutch city of Leiden expected to start making the vaccine again after a few…
NEW YORK (AP) — Apple said Tuesday it is expanding the iPhone’s capabilities to accept contactless payments, making it easier for merchants to conduct tap-to-pay transactions without having to buy additional hardware. It will also give Apple a competitive edge in the growing world of contactless payments, in which the iPhone, as well as Apple…
LOS ANGELES (AP) — The return of the Super Bowl to the L.A. area after a nearly 30-,year absence is already a big victory for local small business owners like Kyndra McCrary. Her catering company got hired to provide food for performers working the Super Bowl, and for an NFL business networking event last week….
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Tuesday its after-tax distributable earnings more than doubled in the fourth quarter, thanks to strong asset sales from its private equity portfolio and record transaction fees from its capital markets business. The strong earnings performance, in line with that of KKR’s peers,…
ROME (Reuters) – Leonardo said on Tuesday it had suspended its search for a partner for the Italian defence group’s automation arm, as no offer had been made that could ensure it a “sound future”. Leonardo Chief Executive Alessandro Profumo said in March it was considering options for the division, including an alliance with a…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand. The sharp widening in the trade gap reported by the Commerce Department on Tuesday mostly reflected a shift in spending toward goods…
NEW YORK (AP) — American Express on Tuesday launched a checking account that comes with a debit card that will allow its customers to accrue its popular Membership Rewards points the same way they do on its credit and charge cards. It’s a notable move for AmEx and the banking industry in general, since debit…
