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CVS in advanced talks to buy Signify Health for about $8 bln – WSJ
Health

CVS in advanced talks to buy Signify Health for about $8 bln – WSJ

CVS Health logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/Register now for FREE unlimited access to Reuters.comRegisterSept 2 (Reuters) - CVS Health Corp (CVS.N) is in advanced talks to buy home-healthcare company Signify Health Inc (SGFY.N) for about $8 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.CVS appears to have beaten competition including Amazon.com Inc (AMZN.O) and UnitedHealth (UNH.N), who had also been circling Signify for a deal, according to the report. (https://on.wsj.com/3CVi2h1)UnitedHealth never submitted an official bid, WSJ said.Signify has been exploring strategic alternatives since earlier this summer, but there is still no guarantee that CVS will reach a deal, the report...
NewAge, seller of health and wellness products, files for bankruptcy in Delaware
Health

NewAge, seller of health and wellness products, files for bankruptcy in Delaware

Register now for FREE unlimited access to Reuters.comRegisterAug 30 (Reuters) - NewAge Inc (NBEV.O), a direct-to-consumer seller of health and wellness products, filed for bankruptcy on Tuesday and said it plans to sell itself, after disclosing material weaknesses in its financial reporting.The Midvale, Utah-based company and three affiliates sought Chapter 11 protection from creditors with the U.S. bankruptcy court in Delaware.Tuesday's filing came three weeks after the company received a default notice on a loan agreement.Register now for FREE unlimited access to Reuters.comRegisterNewAge said it had $310.9 million of assets and $149.4 million of debts as of the end of 2021.In a regulatory filing, NewAge said it received a $28 million bid from an entity known as DIP Financing LLC to b...
Australia’s Ramsay Health gets ‘inferior’ alternate offer from KKR-led group
Health

Australia’s Ramsay Health gets ‘inferior’ alternate offer from KKR-led group

Aug 25 (Reuters) - Australia's Ramsay Health Care Ltd (RHC.AX) said on Thursday it received a "meaningfully inferior" alternate proposal from a group led by KKR & Co (KKR.N) that would allow it to retain a 37% stake in its Paris-based unit Ramsay Generale De Sante (GDSF.PA).Ramsay currently owns over 52% shares in the Paris-based Ramsay Generale De Sante (Ramsay Sante). If accepted, the alternate offer would give the consortium a 15% stake in the hospital operator, while Ramsay shareholders would retain the balance. read more In April, the consortium comprising of private equity giant KKR and Australian pension fund HESTA, among others, made a cash offer of A$88.0 per share - valuing it at around $15 billion - and had been allowed due diligence on a non-exclusive basis.Register now...
Rise in U.S. business equipment spending allays recession fears
Business

Rise in U.S. business equipment spending allays recession fears

Core capital goods orders increase 0.4% in JulyCore capital goods shipments rise 0.7%Durable goods orders unchangedPending home sales fall 1.0% in JulyWASHINGTON, Aug 24 (Reuters) - New orders for U.S.-manufactured capital goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending this quarter.The report from the Commerce Department on Wednesday also showed solid gains in shipments of these goods. While part of the rise was because businesses are spending more due to higher prices, the data was another sign that the economy continues to grow at a slow pace and was not in recession."The absence of a sustained decline in orders suggests that businesses are still investing despite tighter financial market conditions, a drop in sent...
Russian politician detained for criticising Ukraine invasion
Politics

Russian politician detained for criticising Ukraine invasion

LONDON, Aug 24 (Reuters) - Russian opposition politician Yevgeny Roizman was shown being detained at his home in a video published on social media on Wednesday, in the latest move by authorities to punish critics of the war in Ukraine.Video of the arrest showed Roizman, former mayor of the Urals city of Yekaterinburg, being taken away by law enforcement officials.Roizman was seen in the video telling reporters that he was being investigated under a law against discrediting the armed forces. He said he was being arrested "basically for one phrase, 'the invasion of Ukraine'".Register now for FREE unlimited access to Reuters.comRegisterAsked where he had said that, he replied: "I've said it everywhere and I'll say it now."State news agency TASS cited Yekaterinburg security services as conf...
Coric beats Tsitsipas to win Cincinnati and signal return to fitness
Fitness

Coric beats Tsitsipas to win Cincinnati and signal return to fitness

Aug 21 (Reuters) - Resurgent Borna Coric powered past fourth seed Stefanos Tsitsipas 7-6 (0) 6-2 to win the Cincinnati Open on Sunday, signalling his return to full fitness from shoulder surgery and showing that he will be a threat at the U.S. Open.On the comeback trail after undergoing right shoulder surgery last year, Coric returned to the ATP Tour in March and after eight months on the sidelines was back in the winner's circle claiming the biggest title of his career.Ranked 152 and in the tournament via a protected ranking, Coric capped a remarkable week, that included a second round victory over Rafa Nadal, with a brilliant final that no doubt marks the 25-year-old Croatian as a dark horse contender when play gets underway at Flushing Meadows on Aug. 29.Register now for FREE unlimit...
Trump signals he will testify in New York probe into business practices
Business

Trump signals he will testify in New York probe into business practices

Former U.S. President Donald Trump arrives at Trump Tower the day after FBI agents raided his Mar-a-Lago Palm Beach home, in New York City, U.S., August 9, 2022. REUTERS/David 'Dee' DelgadoRegister now for FREE unlimited access to Reuters.comRegisterAug 9 (Reuters) - Former U.S. President Donald Trump indicated he would testify on Wednesday in a New York investigation by the state's attorney general into his family's business practices, with the possible testimony coming amid a flurry of legal woes for him.New York State Attorney General Letitia James is conducting a civil investigation examining whether the Trump Organization inflated real estate values. Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, have agreed to testify.Trump has denied wrongdoing and called...
AMC Entertainment beats quarterly revenue estimates, announces dividend
Entertainment

AMC Entertainment beats quarterly revenue estimates, announces dividend

An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterAug 4 (Reuters) - AMC Entertainment Holdings Inc (AMC.N) reported second-quarter revenue marginally ahead of Wall Street estimates on Thursday, as big-ticket films such as "Top Gun: Maverick" drew crowds to movie halls, driving a surge in box-office collections at the world's largest theater chain.AMC also announced a special dividend in the form of preferred stock, to paid on Aug. 19. The company will issue one preferred equity unit for each of the 516.8 million class A common stock.With COVID receding, consumers are increasingly returning to o...
Georgia authorities release body camera footage after woman dies following fall from patrol car
Health

Georgia authorities release body camera footage after woman dies following fall from patrol car

Brianna Grier, 28, was experiencing a mental health episode on July 15 when her mother called police to assist with the matter, civil rights attorney Ben Crump said at a news conference Friday. Crump, who is representing the Grier family, said Grier had a history of mental health crises and the family had called police several times in the past. "When they used to come out to the house they'd call an ambulance service," Grier's father Marvin Grier said. "The ambulance service would come out and they would take her to the hospital to get some help." "But this time they only called the police, and the police didn't bring the ambulance with them, even though, Ms. Mary (Brianna's mom) clearly stated she was having an episode," Crump explained. Crump said Hancock County Sheriff's deputies ca...
Indonesia, U.S. to hold military exercise amid heightened Indo-Pacific tensions
Fitness

Indonesia, U.S. to hold military exercise amid heightened Indo-Pacific tensions

U.S. Commanding General for the 7th Infantry Division Major General Stephen G. Smith speaks during a news conference ahead of the Super Garuda Shield 2022 joint excercise, at the U.S. embassy in Jakarta, Indonesia, July 29, 2022. REUTERS/Willy KurniawanRegister now for FREE unlimited access to Reuters.comRegisterJAKARTA, July 29 (Reuters) - Some 4,000 soldiers mostly from Indonesia and the United States will conduct a joint military exercise next week that underscores "the importance we place on a free and open Indo-Pacific region," a senior U.S. military official said on Friday.The annual "Super Garuda Shield" exercise, which the United States called "significantly larger in scope and scale than previous exercises", comes against a backdrop of heightened tensions with China over the la...