Business News

(Reuters) -Illumina said on Friday it would divest cancer test maker Grail in 12 months, according to the terms of the European Commission’s order, if the life sciences company does …

By Douglas Gillison and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Friday agreed to roll out new rules aimed at boosting transparency of short selling, the controversial …

By Leroy Leo and Manas Mishra (Reuters) -A union coalition for Kaiser Permanente healthcare workers reached a tentative labor deal with the hospital system on Friday that included across-the-board wage …

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar touched a one-week high against a basket of currencies on Friday, extending its gains from the previous session when hot …

By Leika Kihara MARRAKECH, Morocco (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday he told his G20 counterparts that Tokyo may need to take “appropriate action” in the …

By Stephanie Kelly NEW YORK (Reuters) -Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as investors priced in the possibility that the …

By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she still believes U.S. shelter inflation will continue to ease despite …

(Reuters) – Several global companies have temporarily shut some operations in Israel and asked their employees to work from home after the country came under a surprise attack by Palestinian …

By David Shepardson and Joseph White DETROIT (Reuters) -United Auto Workers President Shawn Fain said on Friday that the union will not expand its strike against the Detroit Three automakers …

By Manya Saini and Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking fees and interest …

By Jaiveer Shekhawat (Reuters) -PNC Financial Services Group said on Friday it is cutting about 4% of its workforce and reported a drop in third-quarter profit, as a surge in …

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year, but labor market strength was likely to continue supporting …

By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – Big bank executives warned a number of products and services could become uneconomical if new proposed bank capital hikes are adopted …

By Bhanvi Satija and Mariam Sunny (Reuters) -Healthcare conglomerate UnitedHealth beat analysts’ estimates for third-quarter profit on Friday, powered by lower-than-expected medical costs at its health insurance unit. Shares of …

MARRAKECH, Morocco (Reuters) – U.S. Treasury Secretary Janet Yellen on Friday said she met with South Korean Finance Minister Choo Kyung-ho, and looked forward to a trilateral meeting with Japan’s …

MARRAKECH, Morocco (Reuters) -The International Monetary Fund said fiscal policy in Latin America and the Caribbean has been “prudent,” but governments need to increase revenues as there are not many …

By Lisa Richwine LOS ANGELES (Reuters) -Negotiations between Hollywood studios and the SAG-AFTRA actors’ union were suspended on Wednesday as the two sides clashed over streaming revenue, the use of …

By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat expectations for third-quarter profit on Friday as rising borrowing costs and its acquisition of failed First Republic Bank drove income …

(Reuters) – The United Auto Workers (UAW) union on Friday refrained from expanding its coordinated strike against the Detroit Three automakers but warned it may now call for more strikes …

KUALA LUMPUR (Reuters) – Short video app TikTok is committed to taking proactive measures to address issues raised by Malaysia, a spokesperson said, after its government said the app was …

By Jaiveer Shekhawat and David Randall (Reuters) -A sharp drop in net inflows took shares of BlackRock down around 1% on Friday despite the company handily beating third-quarter profit estimates, …

(Reuters) – The United Auto Workers (UAW) did not announce new strikes against the Detroit Three on Friday but its president warned of a strategy shift under which the union …

By Michael S. Derby NEW YORK (Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Friday he believes the U.S. central bank is likely done with its cycle of interest …

By Paul Sandle, Yadarisa Shabong and Aditya Soni LONDON (Reuters) – Xbox maker Microsoft closed its $69 billion deal for Activision Blizzard on Friday, swelling its heft in the video-gaming …