Abbott to add 1,000 jobs in $450 million Irish investment

Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, US, October 18, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register DUBLIN, Aug 12 (Reuters) – US healthcare company Abbott Laboratories (ABT.N) plans to hire 1,000 more people in Ireland in one … Read more

UPS to buy Italy’s Bomi Group to grow healthcare logistics business

Aug 8 (Reuters) – United Parcel Service Inc said on Monday it would buy Italy-based healthcare logistics firm Bomi Group to bolster its capability in delivering medicines that require cold storage. The US delivery firm is focusing on high-margin businesses to offset declining volumes as the pandemic-fuelled e-commerce boom softens, having expanded its temperature-controlled supply-chain … Read more

CVS Health lifts forecast as insurance business, COVID tests boost Q2 profit

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.com Register Aug 3 (Reuters) – CVS Health Corp (CVS.N) on Wednesday raised its annual profit forecast after strength in its insurance business and sales of COVID-19 over-the-counter test kits helped boost quarterly … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

PerkinElmer to divest some businesses in $2.45 bln cash deal

A sign marks a PerkinElmer facility in Boston, Massachusetts, US, May 15, 2020. REUTERS/Brian Snyder/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – PerkinElmer Inc (PKI.N) said it will sell some of its businesses along with the brand name to private equity firm New Mountain Capital for up to … Read more

Labcorp to spin off clinical-development business

July 28 (Reuters) – Laboratory Corp of America Holdings (LH.N) said on Thursday it would spin off its wholly owned business focused on clinical drug trials, sending its shares up nearly 4%. The planned spin-off will result in two independent, publicly traded companies – Labcorp and the clinical development business, the company said. The clinical-development … Read more

Fresenius cuts FY outlook on higher costs at dialysis business

Samples of products of Fresenius and Fresenius Medical Care are on display during the company’s annual news conference at their head quarters in Bad Homburg Germany, February 20, 2019. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – German healthcare group Fresenius SE (FREG.DE) cut its full-year earnings outlook … Read more

Centene to sell some Europe-based hospital businesses to Vivalto Santé

July 25 (Reuters) – Centene Corp (CNC.N) said on Monday it has agreed to sell its Spanish and Central European businesses to French private hospital company Vivalto Santé, as the health insurer streamlines its portfolio. Last year, Centene said it was evaluating strategic alternatives for its international business as well as looking to divest non-core … Read more

Abbott raises 2022 forecast on strong diabetes, COVID test sales

Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, US, October 18, 2021. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register July 20 (Reuters) – Abbott Laboratories (ABT.N) raised its annual earnings forecast as the impact from a shutdown of … Read more

Market volatility, rates push down Canadian fund raising

TORONTO, July 7 (Reuters) – Fund raising in Canadian capital markets plunged in the first half of 2022 as high interest rates and stock market volatility put the brakes on corporate plans to raise money. Canadian equity and equity-related issuance fell 79% in the first six months from the same period a year earlier, with … Read more