By Brendan Pierson (Reuters) – UnitedHealth Group has already been hit with at least six class action lawsuits accusing it of failing to protect millions of people’s personal data from last month’s hack of Change Healthcare, its payment processing unit, with more lawsuits likely to come. In a motion filed late on Tuesday in Washington,…
By Iain Withers CANNES, France (Reuters) – Goldman Sachs Asset Management will resume “actively investing” in U.S. commercial property this year because the market is bottoming out, its real estate head said, while other investors said the market downturn still had further to run. Prices of U.S. offices and other commercial properties have fallen sharply…
By Jaspreet Singh and Krystal Hu (Reuters) -Nvidia-backed Together AI said on Wednesday it has raised $106 million in a new funding round, doubling its valuation since last fall as investors rushed to back startups capitalizing on the generative AI boom. Led by Salesforce Ventures, the funding valued Together AI at $1.25 billion. Other investors…
By Chibuike Oguh NEW YORK (Reuters) – Shares of Williams-Sonoma, which owns home furniture retailer Pottery Barn, surged to a record high on Wednesday after it announced better-than-expected fourth-quarter results as well as a new $1 billion stock buy-back program. Williams-Sonoma’s net revenue during the holiday shopping season fell 7% to $2.27 billion while its…
By Abhijith Ganapavaram, Rajesh Kumar Singh and David Shepardson (Reuters) -U.S. air carriers warned on Tuesday that their plans to increase capacity were in doubt due to more jet delivery delays from Boeing, as the hit to the airline industry from the planemaker’s safety crisis worsens. The airline industry has cut expectations for deliveries this…
By Niket Nishant and Hannah Lang (Reuters) -Digital asset manager Grayscale Investments on Tuesday filed for a spin-off of its spot bitcoin exchange-traded fund (ETF), the Grayscale Bitcoin Trust (GBTC). The spin-off is part of a bid to offer investors lower-fee exposure to bitcoin, according to a person familiar with the matter. GBTC – which…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Arm Holdings, the British chip designer backed by Softbank Group, gained 2.1% to $129.50 on Tuesday as markets braced for increased trading activity following the expiration of the lockup period tied to its blockbuster initial public offering (IPO). Most market debuts include a lockup period of up…
(Reuters) -John Barnett, a former Boeing employee who had reportedly raised concerns about the company’s production issues, was found dead of an apparent suicide, according to authorities in South Carolina. Barnett had worked at Boeing for 32 years before leaving the company in 2017, according to the BBC, which previously reported on his efforts to…
By David Shepardson WASHINGTON (Reuters) -U.S. presidential candidate Donald Trump said on Monday TikTok was a national security threat but also said a ban on the popular app would hurt some kids and only strengthen Meta Platforms’ Facebook, which the Republican has harshly criticized. Trump reiterated his concerns as lawmakers weigh a bill this week…
By Dawn Chmielewski (Reuters) -Walt Disney responded on Monday to billionaire Nelson Peltz and his Trian Fund’s campaign to win two board seats with an attack on the activist shareholder’s motivations and qualifications in an increasingly bare-knuckled proxy battle. In a 66-page regulatory filing late Monday, Disney said Peltz and Trian’s other designated board candidate,…