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Canada's Birchcliff Energy Q2 production up 1%
OverviewBirchcliff Q2 2025 production rises 1% yr/yr, driven by condensate-rich wellsAdjusted funds flow up 76% yr/yr, boosted by higher natural gas pricesNet loss of C$13.9 mln due to unrealized financial instrument lossesOutlookBirchcliff reaffirms 2025 production guidance of 76,000 to 79,000 boe/...
Reuters
Wed, Aug 13
Engineered products maker Linamar Q2 revenue misses estimates
OverviewLinamar Corp Q2 revenue falls 9.8% yr/yr, missing analyst expectations, per LSEG dataNormalized operating earnings for Mobility segment rose 19% in Q2Co repurchased 1.8 mln shares since Nov 2024 under NCIB programOutlookCompany remains positioned to capitalize on onshoring and distressed sup...
Reuters
Wed, Aug 13
Cisco forecasts first-quarter revenue above estimates
Aug 13 (Reuters) - Cisco Systems CSCO.O forecast first-quarter revenue above Wall Street estimates on Wednesday, as the artificial intelligence boom boosted demand for its networking equipment from cloud customers.The company expects its revenue to be between $14.65 billion and $14.85 billion for th...
Reuters
Wed, Aug 13
urban-gro Inc
expected to post a loss of 24 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on August 13 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 4.7% decrease in revenue to $17.945 million from $18.84 million a year ago, ...
Reuters
Wed, Aug 13
Trump wins appeal over freeze on foreign aid payments
By Jan Wolfe WASHINGTON, Aug 13 (Reuters) - A federal appeals court on Wednesday lifted an injunction that required the U.S. State Department to continue making foreign aid payments, handing a victory to President Donald Trump.In a 2-1 decision, a three-judge panel of the U.S. Court of Appeals fo...
Reuters
Wed, Aug 13
BMO exploring sale of transportation finance arm, Bloomberg News reports
Aug 13 (Reuters) - Canada's Bank of Montreal BMO.TO is exploring a sale of its transportation finance business for about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The bank has been lining up for potential buyers of the business, which could attract...
Reuters
Wed, Aug 13
MOVES-Citi hires bankers for private credit in North America, tech in Europe
By Tatiana Bautzer NEW YORK, Aug 13 (Reuters) - Citigroup hired two senior investment bankers this week, extending a recruitment drive by its head of banking, Viswas Raghavan.Aashish Dhakad will start in October in New York as head of private credit origination for North America as part of Citi’s...
Reuters
Wed, Aug 13
Insurance industry bucks trend of dwindling growth in security budgets across sectors
By Mia MacGregorAug 12 - (The Insurer) - The insurance industry has remained resilient against dwindling growth in security budgets affecting several sectors, according to a new report from security insights provider IANS Research.The Security Budget 2025 Benchmark Summary report highlighted a signi...
Reuters
Wed, Aug 13
EXCLUSIVE-US pharma tariffs likely weeks away as Trump plans for Alaska, sources say
Trump administration opened pharma imports probe in AprilTrump says pharma tariffs could start small, rise to 250%By Maggie Fick, Andrea Shalal and Dave Graham WASHINGTON Aug 13 (Reuters) - The announcement by President Donald Trump's administration of the results of a probe into pharmaceutic...
Reuters
Wed, Aug 13
Apollo in talks to revive $2 billion debt sale tied to ABC Technologies deal- Bloomberg News
-- Source link: https://tinyurl.com/3322kt94-- Note: Reuters has not verified this story and does not vouch for its accuracy
Reuters
Wed, Aug 13
Arctic Wolf: Policy scoping identified as main cause of cyber insurance claim rejections
By Mia MacGregorAug 13 - (The Insurer) - A significant portion of cyber insurance claims are rejected due to incidents falling outside policy terms, potentially eroding confidence in coverage among IT and security leaders, according to Arctic Wolf's 2025 Cyber Insurance Outlook report.The cybers...
Reuters
Wed, Aug 13
US judge blocks Trump religious exemption to birth control coverage
By Daniel Wiessner Aug 13 (Reuters) - A U.S. judge on Wednesday struck down rules adopted during President Donald Trump's first term that exempt employers with religious or moral objections from having to provide workers with insurance coverage for birth control.U.S. District Judge Wendy Beet...
Reuters
Wed, Aug 13
Air Canada cancels flights from Thursday as cabin crew strike looms
Air Canada winding down flights ahead of planned Saturday strikeContract talks with flight attendants largely stalled over payAir Canada flight attendants give 72 hours strike noticeBy Allison Lampert and Aishwarya Jain Aug 13 (Reuters) - Air Canada AC.TO is cancelling flights from Thursday, as t...
Reuters
Wed, Aug 13
AI Startup Perplexity Is Raising More Money At A $20 Billion Valuation - Business Insider
Aug 13 (Reuters) - AI STARTUP PERPLEXITY IS RAISING MORE MONEY AT A $20 BILLION VALUATION - BUSINESS INSIDERSource text: [https://tinyurl.com/bdd7x6a4]Further company coverage: [ ]
Reuters
Wed, Aug 13
US approves potential sales of munitions, bombs and rockets to Nigeria
Aug 13 (Reuters) - The U.S. State Department has approved potential sales of munitions, precision bombs and precision rockets to Nigeria for an estimated cost of $346 million, the Pentagon said on Wednesday.The contractors for the sales are Lockheed Martin LMT.N , RTX Missiles and Defense RTX.N and ...
Reuters
Wed, Aug 13
US hits African, Cuban and Grenadian officials with visa restrictions
WASHINGTON, Aug 13 (Reuters) - The U.S. Department of State said on Wednesday that it was imposing visa restrictions on African, Cuban and Grenadian government officials and their family members over accusations they deprived Cubans of essential medical care.The department did not identify the offic...
Reuters
Wed, Aug 13
Texas court allows chemical manufacturer to pursue a $100 million claim with FM
By Isha Marathe Aug 13 - (The Insurer) - FM subsidiary Factory Mutual Insurance Co must face a $100 million business interruption claim from chemicals manufacturer Indorama, which sued the insurer for allegedly failing to fully cover plant explosion losses, a Texas federal court ruled. FM and co...
Reuters
Wed, Aug 13
US judge tosses Rumble lawsuit claiming advertising boycott
By Mike Scarcella Aug 13 (Reuters) - A U.S. judge on Wednesday dismissed online video-sharing and internet-hosting company Rumble’s RUM.O lawsuit accusing spirits maker Diageo DGE.L and other advertisers of conspiring to withhold ad spending on its platform, as the same court weighs a similar cas...
Reuters
Wed, Aug 13
US Treasury issues general license related to upcoming Trump-Putin summit
WASHINGTON, Aug 13 (Reuters) - The U.S. Treasury Department on Wednesday issued a general license authorizing transactions related to the Friday meeting between U.S President Donald Trump and Russian President Vladimir Putin in Alaska.The license will allow transactions through 12:01 a.m. eastern (0...
Reuters
Wed, Aug 13
CANADA RESEARCH ROUNDUP-Altus Group, National Bank of Canada, RBC
Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Altus Group, National Bank of Canada and RBC on Wednesday.HIGHLIGHTS * Altus Group Ltd AIF.TO: National Bank of Canada ups to outperform from sector perform* Bank of Montreal BMO...
Reuters
Wed, Aug 13
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