By Fergal Smith
(Reuters) - Canada's services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures heating up, S&P Global Canada services PMI data showed on Friday.
The headline business activity index rose to 49.3 from 46.4 in March, posting its highest level since June last year.
A reading below 50 indicates contraction in the... (continue reading...)
By David Randall
NEW YORK (Reuters) - The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies, which have lagged broader markets this year.
Small cap stocks surged at the end of 2023, as expectations grew that the Fed was done raising interest rates and would soon begin easing monetary policy. That would be a welcome change for smaller... (continue reading...)
By Daniel Wiessner
(Reuters) - Aetna will pay $2 million and update its coverage policies to settle a lawsuit claiming the health insurer required LGBTQ beneficiaries to pay more out of pocket for fertility treatments than heterosexual people, according to a Friday court filing.
Lawyers for four people who in 2021 sued Aetna, a subsidiary of CVS Health Corp, asked a Manhattan federal court to approve the settlement, in which the company... (continue reading...)
By Nidal al-Mughrabi, Yomna Ehab and Enas Alashray
CAIRO (Reuters) - A delegation from Palestinian militant group Hamas will visit Cairo on Saturday, a Hamas official told Reuters, amid expectations that they will deliver a written response to an Israeli proposal on a Gaza ceasefire and hostage release.
The Hamas official, who declined to be identified, spoke on Friday after CIA Director William Burns arrived in the Egyptian capital for... (continue reading...)
(Reuters) - U.S. Representative Henry Cuellar, a Democrat from Texas, was indicted on Friday on federal charges of conspiracy, bribery and money laundering, a complaint filed in federal court said.
Cuellar and his wife are accused of accepted approximately $600,000 in bribes from an oil and gas company owned by the government of Azerbaijan and a Mexican bank, prosecutors said.
(Reporting by Brendan O'Brien in Chicago)
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