Citigroup profit drops 36% on trading slump, rising expenses
By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments…
Business
Eli Lilly to buy Versanis for up to $1.93 billion in obesity drugs push
By Sriparna Roy (Reuters) -Eli Lilly and Co said on Friday it will buy privately held Versanis for potentially up…
American Airlines, JetBlue to halt codeshare flights from July 21
By David Shepardson (Reuters) -American Airlines and JetBlue Airways said Friday they will begin to wind down their Northeast Alliance…
UPS strike could be costliest in US in a century, study says
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at…
UK extends Activision deadline after receiving Microsoft’s ‘complex’ proposal
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal…
UPS says focused on reaching a labor deal before Aug. 1
(Reuters) – Delivery firm United Parcel Service said on Friday the company is focused on reaching an agreement with the…
US consumer sentiment near two-year high in July
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided…
Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal
(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s…
FTC faces uphill battle in Microsoft/Activision appeal
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase…
Illumina hit with record $476 million EU antitrust fine over Grail deal
(This July 12 story has been officially corrected by the European Commission to change the amount of deal to $570…