NEW YORK (Reuters) - Carlyle Group ( CG ) said on Wednesday its first quarter distributable earnings jumped nearly 59% year-on-year driven by strong asset sales across its private equity portfolio. Distributable earnings, which represents the cash used to pay dividends to shareholders, rose to $431.3 million compared with $271.6 million a year earlier. That translated to after-tax distributable earnings...

NEW YORK, May 1(Reuters) - Johnson & Johnson ( JNJ ) is moving forward with a $6.475 billion proposed settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products contain asbestos and cause ovarian cancer, the company said Wednesday in a statement. The deal would allow it to resolve the lawsuits through a third...

(Reuters) -CVS Health Corp ( CVS ) slashed its annual profit forecast and missed Wall Street estimates for first-quarter earnings on Wednesday, as elevated demand for non-urgent procedures increased medical costs at its health insurance business. The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it anticipates the...

(Reuters) -Canadian oil and gas company Cenovus Energy ( CVE ) beat first-quarter profit estimates on Wednesday, buoyed by higher production and throughput volumes at its refineries. Quarterly refining throughput in the quarter of 655,200 barrels per day (bpd) was a record while high operational availability at its downstream assets helped benefit from improved benchmark pricing in the U.S., the...