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Trump warns Democrats Obamacare will die without cash infusion

U.S. President Donald Trump speaks during a signing ceremony with Treasury Secretary Steve Mnuchin at the Treasury Department in Washington, U.S., April 21, 2017. REUTERS/Aaron P. Bernstein U.S. President Donald Trump warned Democrats on Sunday that Obamacare ... More »

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Japan`s Mitsui Life: To shift to euro bonds from dollar this FY

A woman walks past a sign of Japanese life insurer Mitsui Life Insurance Co., Ltd. at the company’s headquarters in Tokyo July 27, 2009. The characters read, ”Mitsui Life”. REUTERS/Stringer Mitsui Life Insurance Co plans to shift some funds to euro-denominated... More »

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House will not reach healthcare deal before two-week break

U.S. House Majority Leader Kevin McCarthy (R-CA) departs a health care meeting at the U.S. Capitol in Washington, U.S. April 4, 2017. REUTERS/Eric Thayer Deep divisions cut short Republican hopes for a quick revival of Obamacare replacement legislation on Wedn... More »

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California pension fund is latest to scrap some active managers

A California pension fund has fired Franklin Templeton Investments, JPMorgan Chase & Co and Pacific Investment Management Co from some portfolio-management responsibilities in a shakeup that puts more of its assets in lower-fee, index-tracking investments, the... More »

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Wells Fargo must face litigation on defective mortgages: U.S. judge

A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of doll... More »

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Ryan opposes Trump working with Democrats on healthcare

U.S. House Speaker Paul Ryan (R-WI) speaks during his news conference after Republicans pulled the American Health Care Act bill to repeal and replace the Affordable Care Act act known as Obamacare, prior to a vote on Capitol Hill in Washington, U.S. March 24,... More »

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Chuck Barris, `The Gong Show` host, dies at 87

Chuck Barris is shown in this December, 2002 file photograph during the premiere of ”Confessions of a Dangerous Mind” in Los Angeles. Chuck Barris, who tapped into Americans’ hunger to be on television by creating game shows such as “The Dating Game,” “The New... More »

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Disney stole `Zootopia,` writer claims in U.S. lawsuit

FILE PHOTO – The characters of Judy Hopps and Nick Wilde pose at the premiere of ”Zootopia” at El Capitan theatre in Hollywood, California February 17, 2016. REUTERS/Mario Anzuoni/File Photo Walt Disney Co was sued on Tuesday by a longtime Hollywood screenwrit... More »

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Republicans revamp health bill, boost benefits to older Americans

Speaker of the House Paul Ryan (R-WI) speaks to the media on Capitol Hill in Washington, U.S., March 16, 2017. REUTERS/Joshua Roberts U.S. House Republicans are working on changes to their healthcare overhaul bill to provide more generous tax credits for older... More »

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HSBC breaks with tradition, names AIA boss Tucker as chairman

AIA Group Chief Executive and President Mark Tucker poses during a news conference on the company’s annual results in Hong Kong, China February 24, 2017. REUTERS/Bobby Yip HSBC Holdings Plc (HSBA.L), Europe’s biggest bank, tapped an outsider for its top job on... More »

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Shares of HSBC set to rise 1 percent after new chairman appointed

FILE PHOTO – The HSBC bank logo is seen at their offices in the Canary Wharf financial district in London, Britain, March 3, 2016. REUTERS/Reinhard Krause/File Photo The Hong Kong-listed shares of HSBC Holdings (0005.HK) were set to rise 0.95 percent on Monday... More »

Share turnover by fund managers not helping business: expert

Fund managers who are usually seen as the market’s more patient investors are not holding shares long enough to encourage firms to adjust for a more environmentally sustainable future or deal with other long-term risks, an influential think-tank said. More »

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Merrill Lynch may keep commission-based retirement accounts: source

A worker washes windows high atop the Merrill Lynch building in downtown San Diego, California September 1, 2015. REUTERS/Mike Blake Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Tr... More »

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Republican health plan clears first hurdles, fate uncertain

A copy of Obamacare repeal and replace recommendations (L) produced by Republicans in the U.S. House of Representatives sit next to a copy of the Affordable Care Act known as Obamacare as U.S. Health and Human Services Secretary Tom Price addresses the daily p... More »

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U.S. Republicans expected to unveil healthcare bill this week

U.S. President Donald Trump arrives aboard Air Force One, returning to Washington from a weekend in Florida, at Joint Base Andrews, Maryland, U.S. March 5, 2017. REUTERS/Jonathan Ernst Republican U.S. lawmakers expect to unveil this week the text of long-await... More »

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Governors met on Obamacare replacement plan with Pence

FILE PHOTO – The federal government forms for applying for health coverage are seen at a rally held by supporters of the Affordable Care Act, widely referred to as ”Obamacare”, outside the Jackson-Hinds Comprehensive Health Center in Jackson, Mississippi, U.S.... More »

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Anthem and Blue Crosses loom large in Obamacare talks

The office building of health insurer Anthem is seen in Los Angeles, California February 5, 2015. REUTERS/Gus Ruelas Anthem Inc. (ANTM.N) and other U.S. health insurers complained to the White House for more than a year that they were losing money on people wh... More »

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Trump to lay out healthcare revamp details in speech to Congress

U.S. President Donald Trump speaks during the Governor’s Dinner in the State Dining Room at the White House in Washington, U.S., February 26, 2017. REUTERS/Joshua Roberts President Donald Trump said on Sunday he will offer details on how he would like to overh... More »

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Prudential may hit Wells Fargo for account scandal costs-filing

A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo Prudential Financial Inc, (PRU.N) the target of probes and lawsuits related to whether Wells Fargo & Co (WFC.N) retail bankers imp... More »

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The facts about Social Security, Medicare may surprise you

An elderly lady walks in Copacabana in Rio de Janeiro September 13, 2011. REUTERS/Ricardo Moraes While the era of “alternative facts” dawned in Washington last week, experts from across the ideological spectrum gathered in the capital for a review of real fact... More »

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U.S. insurers sense opportunity in unwanted pension plans

U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values... More »

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Marathon pauses Duchenne drug launch amid price outcry

Marathon Pharmaceuticals LLC said on Monday it was “pausing” the launch of its Duchenne muscular dystrophy drug after U.S. lawmakers questioned why the company priced it at $89,000 a year when patients had been able to import it for as little as $1,000. More »

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France`s Fillon makes appeal to voters, retains party backing

Francois Fillon, former French prime minister, member of The Republicans political party and 2017 presidential candidate of the French center-right, visits Le Coq Sportif factory as part of a campaign visit in Romilly-sur-Seine, France, February 7, 2017. Pictu... More »

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From Wall Street to Wisconsin, brokers cheer Trump`s order

U.S. President Donald Trump signs an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017. REUTERS/Kevin Lamarque With a swipe of his pen, U.S. President Donald Trump on F... More »

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Tokyo office boom fades with more space, fewer workers

Medium-rise and low-rise residences and office buildings are seen from the first observatory deck of Tokyo Sky Tree in Tokyo October 30, 2011. REUTERS/Issei Kato/File Photo Commercial property prices in Tokyo, a bellwether for Japan’s market, look to have peak... More »

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Trump vows `insurance for everybody` in replacing Obamacare

U.S. President-elect Donald Trump speaks during a news conference in the lobby of Trump Tower in Manhattan, New York City, U.S., January 11, 2017. REUTERS/Lucas Jackson U.S. President-elect Donald Trump aims to replace Obamacare with a plan that would envisage... More »

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House votes to begin repealing Obamacare

A bill repealing Obamacare sits on a desk after being signed by U.S. House Speaker Paul Ryan (R-WI) at the U.S. Capitol in Washington January 7, 2016. REUTERS/Jonathan Ernst U.S. House Republicans on Friday won passage of a measure starting the process of dism... More »

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U.S. Republicans start framework for Obamacare replacement

The federal government forms for applying for health coverage are seen at a rally held by supporters of the Affordable Care Act, widely referred to as ”Obamacare”, outside the Jackson-Hinds Comprehensive Health Center in Jackson, Mississippi, U.S. on October 4... More »

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Younger Americans embrace value of unbiased financial advice

People walk through the newly opened Liberty Park above Liberty Street on the World Trade Center site in the Manhattan borough of New York, U.S., June 29, 2016. REUTERS/Andrew Kelly Newly empowered Republicans in Washington are not retreating from their battle... More »

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Column: Older Americans at risk as Congress takes ax to Obamacare

A man sits at a health insurance enrollment event in Cudahy, California March 27, 2014. REUTERS/Lucy Nicholson Anyone nearing retirement – or already retired – should pay very close attention to the doings of the 115th Congress that was sworn in this week. More »

U.S. health spending in 2015 rose at fastest rate since 2007

A person holds pharmaceutical tablets and capsules in this picture illustration taken in Ljubljana September 18, 2013. REUTERS/Srdjan Zivulovic U.S. health spending in 2015 rose at its fastest rate since 2007, driven by expanded access to insurance under the A... More »

Survey finds unity among U.S. young, old in a divisive time

Graduating students of the City College of New York cheer during the College’s commencement ceremony in the Harlem section of Manhattan, New York, U.S., June 3, 2016. REUTERS/Mike Segar At a moment of sharp national division, here is a bit of good news: young ... More »

Trump victory prompts U.S. fund managers to focus on inflation

Republican presidential nominee Donald Trump arrives for his election night rally at the New York Hilton Midtown in Manhattan, New York, U.S., November 9, 2016. REUTERS/Andrew Kelly/File Photo Donald Trump’s surprise victory in the U.S. presidential race is pu... More »

After U.S. election, retirement security heads for a crash

A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Retirement security already looked like a looming train wreck for most U.S. households before Election Day. Now, the consolidation of R... More »

U.S. government, MetLife set for rematch over `too big to fail`

The MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton/File Photo The U.S. government and the country’s largest life insurer are set for a rematch in a U.S. appeals court on Monday over how federal regulators decide a company is “to... More »

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Scientists fix fractures with 3D-printed synthetic bone

Scientists in the United States have successfully treated broken spines and skulls in animals using 3D-printed synthetic bone, opening the possibility of future personalized bone implants for humans to fix dental, spinal other bone injuries. More »

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Investors urge food companies to shift from meat to plants

A group of 40 investors managing $1.25 trillion in assets have launched a campaign to encourage 16 global food companies to change the way they source protein for their products to help to reduce environmental and health risks. More »

Chinese insurers run ‘Titanic’ risks for titanic returns

HONG KONG Years of breakneck growth for China’s top insurers has been partly fueled by a splurge on risky investment products that could punch multi-billion-dollar holes in their balance sheets if the slowing economy triggers heavy debt defaults. Industry prem... More »

Britain’s financial sector reels after Brexit bombshell

LONDON Britain’s 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London’s dominance of finance. The ‘Vote Leave’ campaign fron... More »

Canada newspaper ad revenue slumped in 2015: industry group

TORONTO Business got even tougher for Canada’s newspaper industry last year, data showed on Friday, with nationally distributed advertising cut by almost a quarter and online ad sales barely taking up any of the slack. Total daily-newspaper revenue in 2015 fel... More »

U.S. spends $3 billion a year on unused cancer drugs

(Reuters Health) – U.S. doctors and hospitals throw out almost $3 billion (roughly 2.7 billion euros) in unused cancer drugs each year because the medicines come in supersized single-use packages and excess medicine must be discarded for safety reasons, a rece... More »

Credit Suisse CEO Thiam makes $19.4 million in 2015

ZURICH Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam received 18.9 million Swiss francs ($19.4 million) from the Swiss bank in 2015 even after he asked to have his bonus cut by 40 percent, according to its annual report published on Thursday. Thiam, who... More »

Supreme Court faces 4-4 split in Obamacare contraception case

WASHINGTON The Supreme Court on Wednesday headed toward a possible 4-4 split over a legal challenge by Christian nonprofit employers who object to providing female workers insurance covering birth control as required by President Barack Obama’s healthcare law.... More »

Telecom Italia CEO exit raises prospect of Vivendi-led overhaul

MILAN/LONDON Telecom Italia Chief Executive Marco Patuano officially resigned on Monday, confirming reports at the weekend he was on his way out as top shareholder Vivendi tightens its grip on the Italian phone group. Telecom Italia’s shares rose 4 percent, ad... More »

Health insurer Anthem reports higher quarterly revenue

Health insurer Anthem Inc (ANTM.N), which is in the process of buying smaller rival Cigna Corp (CI.N), reported a 6.3 percent rise in quarterly revenue as more people enrolled in its Medicaid plans. Anthem, which operates Blue Cross Blue Shield plans in more t... More »

Prudential capital ratio beats forecasts, appoints new UK head

LONDON British insurer Prudential Plc (PRU.L) posted a slightly above-forecast capital ratio under new European rules and appointed a UK head as it attempts to woo investors later on Tuesday. Prudential has been a darling of investors but worries about Asian m... More »

A $59 trillion tailwind spurs governance changes in Asia firms

SINGAPORE A surge in socially responsible investments to $59 trillion globally over the past decade is nudging Asian firms to change a notoriously insular management style to one that actively addresses corporate governance concerns. As earnings growth and Chi... More »

Credit Suisse’s Thiam set to show hand as CEO

ZURICH/LONDON When Tidjane Thiam unveils his plans for Credit Suisse on Wednesday the Swiss bank’s new chief executive will likely rest his case on three Cs: capital, cuts and charm. Thiam will show his hand after taking the reins at Zurich-based Credit Suisse... More »