BEIJING/SHANGHAI(Reuters) - CITIC Securities Co, China's biggest brokerage, on Friday reported an 8.5% fall in first-quarter net profit. Net profit fell to 4.96 billion yuan ($684.47 million) in the three months to March 31, compared with 5.42 billion yuan in the same period last year, the company said in a stock exchange filing. ($1 = 7.2465 Chinese yuan renminbi) ...

WASHINGTON (Reuters) -A top U.S. bank regulator on Thursday shelved a vote to impose stricter oversight on asset managers like BlackRock and Vanguard that have big passive stakes in banks, despite officials agreeing the matter merited more attention. The Federal Deposit Insurance Corporation postponed votes on two competing plans that would have given the agency more power to scrutinize asset...

(Reuters) - Cigna plans to make close copies of AbbVie's blockbuster arthritis drug Humira available with no out-of-pocket payment to eligible patients in the U.S. using its specialty pharmacy beginning in June, the health insurer said on Thursday. Cigna said it will stock high- and low-concentration biosimilar versions of Humira from drugmakers including Boehringer Ingelheim, Teva and Alvotech at its...

04:53 AM EDT, 04/26/2024 (MT Newswires) -- Mohawk Industries ( MHK ) reported fiscal Q1 adjusted earnings late Thursday of $1.86 per diluted share, up from $1.75 a year earlier. Analysts polled by Capital IQ expected $1.68. Net sales for the quarter ended March 30 were $2.68 billion, compared with $2.81 billion a year earlier. Analysts polled by Capital IQ...