Business News

(Reuters) – Bausch + Lomb acquired Johnson & Johnson’s eye and contact lens drops brand Blink for $106.5 million, marking its second deal in two weeks to bolster the contact …

By Hannah Lang (Reuters) – Time is running out for Digital Currency Group to agree on a deal to restructure its bankrupt crypto lending unit Genesis after its largest creditor …

By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the …

(Reuters) -AbbVie Inc cut its full-year profit forecast on Thursday, citing $280 million in milestone and in-process research and development expenses during the second quarter. The company now expects adjusted …

(Reuters) – Electric-truck maker Nikola on Thursday adjourned its annual shareholder meeting for the second time this year, as it could not muster sufficient votes for a proposal to increase …

NEW YORK (Reuters) – Federal Reserve lending to banks ebbed in the latest week, central bank data released Thursday said. Lending via the central bank’s discount window stood at $3.4 …

By Foo Yun Chee BRUSSELS (Reuters) – Online travel agency Booking Holdings will on Friday try to convince European Union antitrust regulators to allow its 1.63 billion euro ($1.8 billion) …

By David Shepardson WASHINGTON (Reuters) – A U.S. government watchdog will review Federal Aviation Administration (FAA) efforts to prevent airport runway incursions after a series of incidents where airplanes came …

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve forecasts released at the June monetary policy meeting laid out an outlook that was more hawkish than what Wall Street’s …

By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will …

NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates …

By Aditya Soni (Reuters) -Meta’s Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, …

By Mayela Armas and Vivian Sequera CARACAS (Reuters) – Venezuela is planning to introduce new regulations on courier shipments of food, medicine and other products in an effort to raise …

SAO PAULO (Reuters) – Chinese company ByteDance, which owns short-video company TikTok, on Thursday said it will launch a new music streaming service in Brazil and Indonesia, as it tries …

By Stephanie Kelly NEW YORK (Reuters) -Oil prices were near flat on Thursday as the market weighed tighter U.S. crude supplies with the higher likelihood of a U.S. interest rate …

(Reuters) – Comcast’s Mike Cavanagh named Universal’s film chief Donna Langley to an expanded role as chairman of NBCUniversal Studio Group and chief content officer with oversight of film and …

By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON (Reuters) – Buyout houses including Blackstone Inc. and TPG Inc. are evaluating competing bids for a U.S. fund administrator, in a deal …

By Manya Saini (Reuters) -U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in …

By Foo Yun Chee BRUSSELS (Reuters) -Amazon’s $1.7 billion acquisition of robot vacuum cleaner maker iRobot may reduce competition and strengthen Amazon’s position as online marketplace provider, EU antitrust regulators …

ZURICH (Reuters) -UBS’s flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank’s takeover of Credit Suisse. Several former Credit Suisse managers …

By David Milliken and Andy Bruce LONDON (Reuters) -British house building fell in June at the sharpest pace in more than 14 years, apart from two months early in the …

By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates by a quarter-point for a second straight meeting to 5.00% on July 12 following a five-month …

By Ananta agarwal (Reuters) – Small U.S. homebuilders are backing off from bringing more houses to the market, discouraged by a banking crisis-led credit squeeze and rising borrowing costs, industry …

(Reuters) – Pfizer has invested $25 million to buy a minority stake in Caribou Biosciences, making it the latest small biotechnology firm to attract the pharmaceutical giant’s interest. The news …

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, while private payrolls surged in June, suggesting that the labor …