Business

Former Wall Street banker Mnuchin sworn in as US Treasury head

Democratic leader Sen. Chuck Schumer called the appointment of Mnuchin a " broken promise " by Trump to hold big banks accountable. "Objectively speaking, I don't believe anyone can reasonably argue that Mr. They also questioned whether the bank had done enough new lending to under-served markets after the financial crisis. "I simply can not forgive somebody who took a look at that banking crisis, who took a look at the pain that Wall Street had sent in a wave across all of America and ...

Business

Humana, Aetna terminate merger agreement

Many health-care and antitrust attorneys that I spoke to said the combined force of both decisions should frustrate other proposed mega-mergers in the health insurance industry. The hard part will be finding the right target, however. Aetna announced that it would also end its deal signed with Molina. In a move that defies Anthem's push to fight for their deal, Cigna has terminated its merger agreement with Anthem and filed suit against the larger insurer.

Business

India's Tata Motors posts 96 percent profit plunge

On a standalone basis, Tata Motors' loss after tax widened to Rs 1,046 crore in the third quarter of 2016-17, from Rs 137 crore a year ago. As the domestic business foundered, JLR has sustained Tata Motors. "Medium and heavy commercial vehicle segment witnessed major pressure with a fall of 9% (Y-o-Y) and light commercial vehicle segment was overall flat".

Business

Discovery Fourth-Quarter Earnings Beat Estimates, US Ad Revenue Rises Slightly

The firm owned 169,304 shares of the company's stock after selling 409,438 shares during the period. Credit Suisse analyst Omar Sheikh recently reduced his rating and price target on Discovery's stock. Toronto Dominion Bank increased its stake in Discovery Communications by 403.3% in the third quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06.

Business

Heineken steps up challenge to AB InBev in Brazil

Heineken also believes that the acquisition will help make their name brand and Mexican label Sol Cerveza premium beers across Brazil. Heinken stock was up 0.39% in Monday morning trading in Amsterdam to change hands at €73.91, extending the gain to 3.85% over the past three months.

Business

Producer Prices Rose 0.6% in January

USA producer prices rose more than expected in January, recording their largest gain in four years amid increases in the cost of energy products and some services, but a strong dollar continued to keep underlying inflation tame. US wholesale prices jumped in January by the most since September 2012, led by higher costs of gasoline and indicating inflation is beginning to stir.