By James Pearson and Christopher Bing WASHINGTON (Reuters) -The hackers responsible for the breach at UnitedHealth Group (NYSE:UNH) appear to have pulled a disappearing act on Tuesday, leaving their cybercriminal associates in the lurch and replacing their old website with a bogus statement from law enforcement. The U.S. insurer disclosed on Feb. 21 that Blackcat...
By David Shepardson WASHINGTON (Reuters) - The chair of the National Transportation Safety Board will tell the Senate Commerce Committee on Wednesday the agency needs more funding and warn cuts could put probes into aviation and rail accidents at risk. NTSB Chair Jennifer Homendy will tell a committee hearing, in written testimony seen by Reuters,...
European stocks drifted lower on Tuesday amid disappointment from the lack of fresh supportive measures in top consumer China and signs the U.S. Federal Reserve is in no hurry to cut interest rates. In economic releases, a survey showed Business activity in the eurozone\'s key services sector picked up to a seven-month high in February....
By Ananya Mariam Rajesh (Reuters) -Nordstrom forecast annual results largely below Wall Street expectations on Tuesday, signaling a slower-than-expected rebound in demand even as consumers see some relief from easing inflationary pressures, sending shares down 10% after the bell. The company joins Macy\'s (NYSE:M) in signaling weak 2024 sales as retailers brace for another year...
The Bank for International Settlements said the global central banks are close to victory in the fight against inflation. BIS Head of Monetary and Economic Department Claudio Borio said the decisive action taken by central banks prevented inflation from becoming entrenched. BIS, which is the bank for central banks, expressed cautious optimism over inflation outlook....
ARCHBOLD, Ohio - Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), the holding company for F&M Bank, has promoted Kevin Becker to the role of Senior Vice President and Chief Credit Officer, effective immediately. Lars Eller, President and CEO of the company, announced the internal elevation of Becker, who has been with F&M Bank since 2015, highlighting...
Indian shares ended slightly lower on Tuesday after hitting new record highs for three consecutive sessions. A cautious undertone prevailed as investor focus shifted to the upcoming ECB rate decision and Federal Reserve Chair Jerome Powell\'s congressional testimony. Also, there was some disappointment from the lack of fresh supportive measures in top consumer China. The...
BRENTWOOD, Tenn. - CoreCivic, Inc. (NYSE:CXW), a diversified government solutions company, announced the successful upsize and pricing of its senior notes offering. Initially set at $450 million, the offering has been increased to $500 million in aggregate principal amount of 8.25% senior notes due 2029. The proceeds from the sale, expected to net approximately $490.3...
Novo Nordisk A/S (NVO) announced Tuesday the headline results from the kidney outcomes trial FLOW. The announcement follows the decision to stop the trial early due to efficacy. The double-blind trial compared injectable semaglutide 1.0 mg with placebo as an adjunct to standard of care for prevention of progression of kidney impairment and risk of...
By Jonathan Stempel (Reuters) -A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo. In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia ruled in...