By Samrhitha A and Aditya Soni (Reuters) -Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio stations and selling another three as revenues dry up at its legacy phone and news business, parent company BCE Inc said on Wednesday. The layoffs will mostly affect management and follow thousands of cuts in…
By Bhanvi Satija and Leroy Leo (Reuters) -Health insurer stocks dropped sharply on Wednesday after UnitedHealth Group said its costs were on the rise due to an increase in surgeries among older adults. Shares of UnitedHealth, the largest U.S. healthcare provider by market value, closed down 6.4% at $459.86, wiping out roughly $29 billion from…
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court in Manhattan on Wednesday said the exiled Chinese businessman Guo Wengui should remain in jail while he awaits trial over an alleged fraud that federal prosecutors have said exceeds $1 billion. The 2nd U.S. Circuit Court of Appeals said it did not have a…
By Agnieszka Pikulicka-Wilczewska WARSAW (Reuters) – Abortion rights supporters marched through several cities in Poland on Wednesday after the death of a pregnant woman whose family believe she could have survived if she had been offered a termination. Protesters chanted “stop killing us” as they marched through the capital Warsaw towards the health ministry headquarters,…
(Reuters) – Lennar Corp on Wednesday raised its full-year forecast for home deliveries, as the homebuilder benefits from upbeat demand that far outpaced supply. Shares of the company were up nearly 3% at $118 aftermarket. Homebuilders are benefiting from the lack of existing home inventory and pent up demand they were unable to meet in…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices fell more than expected in May as the costs of energy goods and food declined, signaling that inflation pressures were abating throughout the economy and could eventually provide relief to consumers. The report from the Labor Department on Wednesday also showed the annual increase in producer…
WASHINGTON (Reuters) -Francis X. Suarez, the mayor of Miami who has overseen a tech-driven economic boom in the city, became the latest Republican to join the burgeoning ranks of presidential aspirants, according to a Federal Election Commission filing on Wednesday. Reuters was not able to immediately confirm authenticity of the FEC filing. Suarez, 45, a…
By Dave Sherwood and Matt Spetalnick BEJUCAL, Cuba (Reuters) – Just outside the sleepy Cuban village of Bejucal, a winding track, rutted with potholes and losing ground to the jungle, ends at a barbed wire fence. A sign warns: “KEEP OUT, MILITARY ZONE.” What lies beyond remains largely a mystery, though the U.S. government has…
By Chavi Mehta and Aditya Soni (Reuters) – Tesla’s record 13-day streak of gains finally came to an end on Wednesday, as the stock closed down just a smidgen after a stretch that saw the U.S. automaker add more than $200 billion to its value. During the streak, Tesla shares rose by more than 40%,…
(Reuters) – Bitcoin dropped 3.65% to $24,987 at 2103 GMT on Wednesday, losing $947 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 19.5% from the year’s high of $31,035 on April 14. Ether, the coin linked to the Ethereum blockchain network, dropped 5.36% to $1,646.1, losing $93.3 from its previous…
