News
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Judge in Charlie Kirk case to consider bid to disqualify prosecutors
By Andrew Hay Feb 3 (Reuters) - Lawyers for the man accused of assassinating conservative activist Charlie Kirk will urge a judge on Tuesday to dismiss the prosecution team due to alleged conflict of interest because the lead prosecutor's daughter witnessed the killing.Attorneys for 22-year-o...Reuters
Tue, Feb 3
RPT-BREAKINGVIEWS-Asian investment banking is at an inflection point
By Una Galani HONG KONG, Feb 3 (Reuters Breakingviews) - Investment banking is a daunting business in Asia Pacific. The regional bosses of some Wall Street giants liken their job to corralling a loose confederation of mercenaries, or battling a three-headed monster. Such are the challenges of run...Reuters
Tue, Feb 3
PJT Partners Q4 revenue slightly misses on lower interest income
OverviewGlobal advisory-focused investment bank's Q4 revenue slightly missed analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany repurchased 2.4 mln shares during the yearOutlookCompany did not provide specific guidance for future quarters or yearsResult DriversADVISORY REVE...Reuters
Tue, Feb 3
Pfizer's Q4 revenue beats expectations, reaffirms guidance
OverviewPharmaceutical giant's Q4 revenue beat analyst expectations despite a 1% yr/yr declineAdjusted EPS for Q4 beat analyst expectationsCompany reaffirms full-year 2026 financial guidanceOutlookPfizer reaffirms 2026 revenue guidance of $59.5 bln to $62.5 blnCompany expects $5 bln in 2026 reve...Reuters
Tue, Feb 3
Rithm Capital Q4 adjusted EPS beats expectations
OverviewAlternative asset manager's Q4 adjusted EPS beat analyst expectationsCompany completed acquisitions of Crestline Management and Paramount GroupQ4 GAAP net income decreased compared to Q3Result DriversACQUISITIONS - Completion of Crestline Management and Paramount Group acquisitions expan...Reuters
Tue, Feb 3
RPC Q4 EPS misses analyst expectations due to holiday slowdowns, higher wireline costs
OverviewOilfield services firm's Q4 revenue slightly missed analyst expectationsAdjusted EPS for Q4 missed analyst expectationsCompany experienced revenue decline due to holiday slowdowns and increased wireline expensesOutlookRPC expects crude oil price volatility due to geopolitical development...Reuters
Tue, Feb 3
Pfizer beats fourth quarter profit estimates on robust drug demand
Feb 3(Reuters) - Pfizer PFE.N on Tuesday reported fourth-quarter profit above Wall Street estimates, boosted by sustained demand for older drugs such as blood thinner Eliquis and heart disease drug Vyndaqel. On an adjusted basis, the company reported a profit of 66 cents per share, compared to analy...Reuters
Tue, Feb 3
WTW beats profit estimates on strength in risk and brokerage unit
Feb 3 (Reuters) - Insurance broker WTW WTW.O beat Wall Street estimates for fourth-quarter profit on Tuesday, driven by a strong performance in its risk and brokerage business.Rising financial risks and natural disasters have prompted businesses to spend more on insurance, lifting the commissions of...Reuters
Tue, Feb 3
Convenience store operator Arko warns of likely Q4 loss
OverviewConvenience store operator's preliminary Q4 net income ranges from a net loss of $1.8 million and net income of $0.4 millionPreliminary Q4 adjusted EBITDA expected between $63.1 mln and $66.1 mlnArko Petroleum launches IPO roadshow, significant for company's businessOutlookCompany pl...Reuters
Tue, Feb 3
KCC Estimates Privately Insured Loss From Winter Storm Fern Will Be $6.7 Billion
Feb 3 (Reuters) - Karen Clark & Company (KCC):KCC ESTIMATES PRIVATELY INSURED LOSS FROM WINTER STORM FERN WILL BE $6.7 BILLIONKCC SAYS ESTIMATE INCLUDES PRIVATELY INSURED DAMAGE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL PROPERTIES FROM FREEZE, SNOW/ICE, AND WINDReuters
Tue, Feb 3
Merck Q4 revenue misses estimates on lower Gardasil demand
OverviewPharmaceutical firm's Q4 revenue grew 5% but missed analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany highlighted progress in pipeline and acquisitionsOutlookMerck anticipates 2026 sales between $65.5 bln and $67.0 blnCompany expects 2026 non-GAAP EPS between $5.00...Reuters
Tue, Feb 3
Eaton Q4 adjusted EPS beats, revenue slightly misses estimates
OverviewPower management firm's Q4 adjusted EPS beat analyst expectationsQ4 revenue slightly missed analyst expectationsCompany reported strong organic growth driven by Electrical and Aerospace segmentsOutlookEaton expects 2026 earnings per share between $11.57 and $12.07Company anticipates 2026...Reuters
Tue, Feb 3
India's top court questions WhatsApp policy of sharing user data with Meta entities
By Arpan Chaturvedi NEW DELHI, Feb 3 (Reuters) - India's top court on Tuesday warned it could reimpose a ban on Meta-owned META.O WhatsApp's data sharing with other group entities, saying the messaging app's privacy policy misled users, two lawyers present in court said.WhatsApp has ...Reuters
Tue, Feb 3
Merck forecasts 2026 sales below estimates on patent losses
Expects 2026 sales $65.5 bln-$67 bln; analysts estimating $67.6 blnQ4 sales were $16.4 bln, with Keytruda contributing $8.37 blnCEO Davis says still on the lookout for dealsBy Michael ErmanFeb 3 (Reuters) - Merck & Co MRK.N on Tuesday forecast 2026 sales and profits below Wall Street estimates a...Reuters
Tue, Feb 3
Hongkong Land launches $6.4 billion Singapore commercial property fund
QIA, APG among founding investorsTargets S$15 billion gross asset value within five yearsNew investors potentially join as early as H2 of 2026By Yantoultra Ngui SINGAPORE, Feb 3 (Reuters) - Hongkong Land Holdings HKLD.SI said on Tuesday it had launched its first private real estate fund, seeded w...Reuters
Tue, Feb 3
Poland to probe possible links between Epstein and Russia, Tusk says
WARSAW, Feb 3 (Reuters) - Poland will launch an investigation into any potential Polish fallout from the actions of the late sex offender Jeffrey Epstein and into possible Russian involvement in his actions, Prime Minister Donald Tusk said on Tuesday.Reuters
Tue, Feb 3
Sweden and Denmark to jointly buy air defence systems for Ukraine
STOCKHOLM, Feb 3 (Reuters) - Sweden and Denmark will jointly procure and supply Ukraine with air defence systems worth 2.6 billion Swedish crowns ($290 million) to help it ward off Russian attacks, the countries' defence ministers said on Tuesday.Sweden will fund 2.1 billion crowns of the purcha...Reuters
Tue, Feb 3
CorVel Q3 revenue rises on AI initiatives
OverviewHealthcare solutions provider's fiscal Q3 revenue rose 3% yr/yrDiluted EPS for fiscal Q3 increased 2% yr/yrCompany repurchased $13.4 mln of common stock during the quarterOutlookCompany is leveraging AI to enhance efficiency and outcomes in operationsCorVel is integrating recent acquisit...Reuters
Tue, Feb 3
