(Reuters) - AbbVie (NYSE:ABBV) is looking to sell at least $13 billion of corporate bonds to help fund its acquisitions of ImmunoGen (NASDAQ:IMGN) and Cerevel Therapeutics, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The sale is expected to be announced as soon as Thursday, following fixed-income investor calls on Wednesday,...

-- S&P 500 and Nasdaq futures rose in evening deals on Wednesday, with the latter leading gains as optimism over a strong outlook from AI darling Nvidia drove investors into technology stocks. Dow futures, however, were muted following a string of other weak earnings reports, while the minutes of the Federal Reserve’s late-January meeting showed...

SAO PAULO (Reuters) -Brazilian miner Vale said on Wednesday it had received a letter from the State of Para\'s environmental secretary informing it that its operating license for its Sossego mine has been suspended. The company said in a filing it was evaluating the necessary measures to re-establish the full validity of the mine\'s operating...

(Reuters) - Real estate investment trust Host Hotels & Resorts (NASDAQ:HST) forecast on Wednesday its 2024 revenue to be higher than Wall Street estimates, anticipating a continued recovery in demand for business travel. U.S. travel companies have been benefiting from increased demand, primarily from small- and medium-sized enterprises. Host Hotels & Resorts, which owns about...

By Yantoultra Ngui SINGAPORE (Reuters) -Singapore\'s United Overseas Bank (OTC:UOVEY) (UOB) on Thursday cut its 2024 loan growth projections to low single-digits from mid-single digits after posting a stronger-than-forecast 22% jump in fourth quarter net profit. UOB maintained its 2024 guidance for double-digit fee growth while projecting total income to see positive growth, according to...

By Chuck Mikolajczak NEW YORK (Reuters) - The S&P 500 and Dow Jones industrials eked out small gains on Wednesday, while the Nasdaq closed lower for a third straight session as investors awaited the release of Nvidia (NASDAQ:NVDA)\'s earnings that could determine near-term momentum for equities. After the closing bell, Nvidia shares surged 6% after...

By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours. The already-hefty demand for the company\'s data center chips and graphics processing units (GPUs)...

By Praveen Menon and Echha Jain (Reuters) -New Qantas Airways CEO Vanessa Hudson (NYSE:HUD) delivered lower profits in her maiden results on Thursday, but gifted shareholders with a A$400 million ($262.2 million) stock buyback and promised more spending on customers as the Australian flag carrier looks to fix its battered reputation. Hudson, the airline\'s first...