Business News
Healthcare stocks jump after Republicans unveil plan; banks, staples slip6/22/2017 9:06:41 PM - The S&P healthcare index rose 1 percent on Thursday, hitting its fifth consecutive record close following the release of Senate Republicans' bill to replace Obamacare, while financial and consumer staple shares ended lower.Biggest U.S. banks clear first hurdle in Fed's annual stress tests6/22/2017 9:42:38 PMWASHINGTON/NEW YORK - The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.U.S. regulators, lawmakers support Volcker rule revamp at hearing6/22/2017 6:36:16 PMWASHINGTON - U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks' ability to make bets with their own money, needs to be reconsidered.U.S. jobless claims rise, labor market still tight6/22/2017 12:53:41 PMWASHINGTON - The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market.Shares in Canada's Home Capital surge as Buffett rides to rescue6/22/2017 9:25:09 PMTORONTO - Warren Buffett's Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier.GSK's new CEO aims to divest sports nutrition brand: sources6/22/2017 9:17:21 PMLONDON - GlaxoSmithKline Plc's new Chief Executive Officer Emma Walmsley is shaking up the British drugmaker's portfolio of smaller products with plans to divest its MaxiNutrition sports nutrition brand, two people familiar with the matter said on Thursday.Critics say Whole Foods deal would give Amazon an unfair advantage6/22/2017 9:04:06 PMWASHINGTON - While antitrust experts expect Inc's bid for Whole Foods Market Inc to win regulatory approval, some critics argue the deal should be blocked because it gives the online retailer a nearly unstoppable head start toward domination of online grocery delivery.Parent of Burger King, Tim Hortons to curb antibiotics in chicken6/22/2017 9:20:37 PMLOS ANGELES - The parent of Burger King and Tim Hortons on Thursday vowed to cut the use of antibiotics in its chicken supply, joining other major fast-food chain operators in the battle against the rise of dangerous antibiotic-resistant bacteria known as superbugs.Exclusive: Amazon to charge $2.8 million for NFL ad packages - sources6/22/2017 9:38:15 PMNEW YORK - Inc is looking to charge advertisers $2.8 million for packages that include 30-second spots during the Thursday night National Football League games it will stream live to its Prime customers this coming season, two people familiar with the matter told Reuters.Airbus' Leahy reveals negotiating tricks after 'last air show'6/22/2017 7:48:59 PMPARIS - Airbus sales chief John Leahy, one of the dominant figures of modern aviation, hinted on Thursday he would retire this autumn, as he wrapped up what he said would be his last air show by revealing a few precious negotiating tricks.