By Sriparna Roy(Reuters) -UnitedHealth has traditionally been a company investors saw as reliable, having not missed earnings estimates since the 2008 global financial crisis.Until Thursday. The country’s largest insurer by market value fell far short of expectations with its quarterly earnings, leading to its worst one-day selloff in more than a quarter-century. Its subsequent conference c ...
By Ernest Scheyder(Reuters) -The Trump administration said on Thursday it would approve a land swap needed for Rio Tinto (NYSE:RIO) and BHP to build one of the world’s largest copper mines, despite concerns from Native Americans that it would destroy a site of religious value.The move is likely to escalate tensions between Indigenous groups vocal about the need to preserve historical lands and W ...
By Stephen NellisSAN FRANCISCO (Reuters) -Intel’s new CEO, Lip-Bu Tan, is flattening the semiconductor giant’s leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters.Intel (NASDAQ:INTC) has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, according to the memo.The lead ...
By Jody Godoy(Reuters) - Alphabet (NASDAQ:GOOGL)’s Google illegally dominates two markets for online advertising technology, a judge ruled on Thursday, dealing another blow to the tech giant and paving the way for U.S. antitrust prosecutors to seek a breakup of its ad products.U.S. District Judge Leonie Brinkema in Alexandria, Virginia, found Google liable for "willfully acquiring and maintainin ...