(Reuters) -Cardinal Health on Friday agreed to acquire community cancer center operator Integrated Oncology Network for $1.12 billion in cash, marking its expansion into cancer care. The Dublin, Ohio-based company is the latest to join the trend of healthcare service companies diversifying beyond drug distribution. Rival McKesson recently acquired a unit of Florida Cancer Specialists…
(Reuters) – Boeing said furloughs began on Friday for thousands of employees in Washington State and Oregon, after more than 32,000 workers went on strike last week, halting production of the U.S. planemaker’s best-selling 737 MAX and other jets. Striking workers with the International Association of Machinists and Aerospace Workers received their last paycheck this…
By Jody Godoy (Reuters) – Live Nation Entertainment asked a federal judge in New York on Thursday to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster. Live Nation seeks to dismiss part of the lawsuit the U.S. Department of Justice and a coalition of…
NEW YORK (Reuters) – BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600. The benchmark index was last at 5,720, up 1.8% on the day, following Wednesday’s Federal Reserve decision to kick off its monetary easing cycle with half-a-percentage point reduction. “Much like our last…
(Reuters) -FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company’s shares fell about 11% to $268.21 after the bell. FedEx and other transportation firms expanded operations during the pandemic-fueled online shipping…
WASHINGTON (Reuters) – The Federal Reserve’s big bang start on Wednesday to what’s expected to be more interest-rate cuts this year and next may have had the full support of only a slim majority of the central bank’s 19 policymakers, a look at their rate-path projections suggests. That’s a closer call than the lone formal…
NEW YORK (Reuters) -Futures on the federal funds rate, which measures the cost of unsecured overnight loans between banks, priced on Wednesday about 74 basis points of additional interest rate cuts by the Federal Reserve by the end of this year, LSEG calculations showed. This development followed a decision by the Fed earlier in the…
(Reuters) – JPMorgan Chase has created a new role that will oversee its junior bankers and analysts amid a focus to tackle the persistent problem of overworking on Wall Street. Ryland McClendon, a near 14-year JPMorgan veteran, has been named as the global investment banking associate and analyst leader, according to an internal memo sent…
LONDON (Reuters) – Google parent Alphabet on Wednesday asked a London tribunal to throw out a mass lawsuit that accuses the tech giant of abusing its dominance in the online search market. The lawsuit – valued at up to 7 billion pounds ($9.3 billion) – is the latest case focusing on the business practices of…
By David Lawder and Ann Saphir WASHINGTON (Reuters) – The U.S. central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been, Federal Reserve Chair Jerome Powell said on Wednesday. “If you ask, you know, if we’d gotten the July…
