Business

MILAN, June 5 (Reuters) – Ferrari (RACE.MI) has no plans to purchase other sports car makers, the company’s Chief Executive Benedetto Vigna said on Monday.”I don’t think it makes sense for us to buy other supercar makers,” Vigna said during a conference organized by Bloomberg, replying to a question about possible M&A operations by the… […]

June 5 (Reuters) – UnitedHealth Group (UNH.N) on Monday made a surprise $3.26 billion all-cash offer to acquire Amedisys Inc (AMED.O), pitting itself against another healthcare company set to buy the home health and hospice care firm.Interest in the home health sector has jumped since the pandemic as patients and caregivers increasingly prefer accessing medical… […]

ISTANBUL, June 5 (Reuters) – Saudi Arabia’s new airline Riyadh Air is in the midst of a three-part inaugural fleet acquisition including ongoing talks with Airbus (AIR.PA) and Boeing (BA.N) to buy a significant number of narrow-body jets, Chief Executive Tony Douglas said.The creation of a second Saudi national airline, with industry veteran Douglas as… […]

[1/3] A Chevrolet 2020 heavy-duty pickup truck is seen at the General Motors Flint Assembly Plant in Flint, Michigan, U.S. February 5, 2019. REUTERS/Rebecca Cook/File PhotoJune 5 (Reuters) – General Motors Co (GM.N) said on Monday it plans to invest more than $1 billion to re-tool two manufacturing sites in Flint, Michigan to prepare for… […]

BRUSSELS, June 5 (Reuters) – Companies deploying generative AI tools such as ChatGPT and Bard with the potential to generate disinformation should label such content as part of their efforts to combat fake news, European Commission deputy head Vera Jourova said on Monday.Unveiled late last year, Microsoft-backed (MSFT.O) OpenAI’s ChatGPT has become the fastest-growing consumer… […]

ISTANBUL, June 4 (Reuters) – Airbus (AIR.PA) is closing towards a potentially record deal to sell 500 narrow-body A320-family jets to India’s largest carrier IndiGo (INGL.NS), industry sources said on Sunday.The European planemaker has emerged as front-runner for an order eclipsing Air India’s historic provisional purchase of 470 jets in February, the sources said on… […]

LONDON, June 4 (Reuters) – AstraZeneca’s lung cancer therapy, Tagrisso, cut the risk of death by more than half in patients with a certain form of lung cancer who were diagnosed early enough to have their tumour surgically removed, trial data showed.Tagrisso is already the crown jewel in the Anglo-Swedish drugmaker’s portfolio, raking in $5.4… […]

ISTANBUL, June 4 (Reuters) – Airbus (AIR.PA) is closing in on a potentially record deal to sell 500 narrowbody A320-family jets to India’s largest carrier, Indigo (INGL.NS), industry sources said on Sunday.The European planemaker has emerged as front-runner for an order eclipsing Air India’s historic provisional purchase of 470 jets in February, the sources said… […]

ABUJA, June 4 (Reuters) – Nigeria’s state oil firm NNPC Ltd is winding down crude swap contracts with traders and will pay cash for gasoline imports, its chief executive told Reuters, adding that private companies could begin importing petrol as soon as this month.The move is part of new Nigerian President Bola Tinubu’s plans to… […]

ISTANBUL, June 4 (Reuters) – European planemaker Airbus (AIR.PA) is seeing a more predictable pattern in its industrial activities and what appears to be the start of a more positive trend in deliveries, Chief Commercial Officer Christian Scherer said.”The trend seems to want to be positive. We are seeing a steady increase in our ability… […]