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Humana beats first-quarter profit estimates on strength of Medicare business

(Reuters) – Humana (NYSE:HUM) beat first-quarter profit expectations on Wednesday, helped by strength in its government-backed Medicare Advantage insurance business for older adults. On an adjusted basis, Humana reported a.

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Toymaker Hasbro posts quarterly profit beat, slower sales decline

| (Reuters) – Hasbro (NASDAQ:HAS) reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, as leaner inventories and steady digital gaming revenue helped cushion a.

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Tesla expects to book over $350 million in costs for layoffs

(Reuters) -Tesla expects to book more than $350 million in costs in the second quarter for the mass layoffs it began last week, the automaker disclosed in a regulatory filing.

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AIG’s general insurance unit chair David McElroy to retire from May 1

(Reuters) – AIG (NYSE:AIG) said on Monday that David McElroy, the chairman of its general insurance unit, will retire effective May 1. McElroy, who took over as chairman of the.

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Verizon reports fewer quarterly subscriber losses on flexible plan demand

(Reuters) -Verizon Communications said on Monday it lost fewer-than-expected wireless subscribers in the first quarter thanks to its flexible plans and streaming bundles offering discounted pricing for services such as.

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Bristol Myers signs $380 million CAR-T therapies supply deal with Cellares

(Reuters) -Drugmaker Bristol Myers (NYSE:BMY) Squibb said it has signed a $380 million deal with contract manufacturer Cellares to manufacture its CAR-T cell therapies in the United States, EU and.

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OpenAI bids for Japan business as it opens Tokyo office

By Sam Nussey TOKYO (Reuters) -Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as it opened its first Asia office in Tokyo. “This.

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Spanish drug maker Grifols will bring in independent directors, chairman tells newspaper

MADRID (Reuters) -Spanish drug maker Grifols, battling a plunge in its share price this year, plans to add independent directors to its audit and compensation committees to improve its governance,.

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Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says

(Reuters) – Apple (NASDAQ:AAPL)’s smartphone shipments dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot, data from.

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US awards Samsung $6.4 billion in grants to boost Texas chip output

By Leah Douglas and Alexandra Alper (Reuters) -The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung to expand its chip production in central Texas.

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