News
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US OKs potential sale of Joint Light Tactical Vehicle to Israel for $1.98 billion, Pentagon says
Jan 30 (Reuters) - The U.S. State Department has approved a potential sale of Joint Light Tactical Vehicle and related equipment to Israel for an estimated cost of $1.98 billion, the Pentagon said on Friday.The principal contractor for the sale is AM General LLC.Reuters
Fri, Jan 30
Grupo Elektra Reaches An Agreement With The Tax Authority
Grupo Elektra SAB de CV ELEKTRA.MX:GRUPO ELEKTRA REACHES AN AGREEMENT WITH THE TAX AUTHORITYGRUPO ELEKTRA SAB DE CV - TOTAL TAX LIABILITY AMOUNTS TO PS.25,000 MILLIONGRUPO ELEKTRA SAB DE CV - CO CONCLUDES YEARS OF TAX DISPUTES WITH MEXICAN GOVERNMENTReuters
Fri, Jan 30
Disney's Iger plans to step down as CEO before contract expires, WSJ reports
Jan 30 (Reuters) - Walt Disney's DIS.N Bob Iger has told associates he plans to step down as CEO and pull back from daily management before his contract expires on December 31, the Wall Street Journal reported on Friday, citing people familiar with the matter. Succession planning at the media...Reuters
Fri, Jan 30
Guterres warns of UN's 'imminent financial collapse'
Record $1.57 billion in outstanding dues by year-endGuterres warns UN could run out of cash by JulyBudget rule on credits to states seen as problematicBy Emma Farge GENEVA, Jan 30 (Reuters) - The U.N. chief has told member states the organisation is at risk of "imminent financial collapse,...Reuters
Fri, Jan 30
Peloton cuts 11% of staff in cost-cutting push, spokesperson says
Jan 30 (Reuters) - Peloton Interactive PTON.O has cut 11% of its employees as it aims to reduce costs amid turnaround efforts, a spokesperson for the company said on Friday.Widespread layoffs would mark another major move under CEO Peter Stern, who took charge of the fitness products maker last year...Reuters
Fri, Jan 30
Litigation funder Longford, law firm Susman sued over $32 million arbitration award
By Mike Scarcella WASHINGTON, Jan 30 (Reuters) - U.S. litigation funding firm Longford Capital and law firm Susman Godfrey have been sued by a patent monetization company seeking to void a $32 million arbitration order and claw back $5.5 million in settlement funds.Dublin, Ireland-based Arigna, w...Reuters
Fri, Jan 30
BankFirst Q4 net income rises
OverviewBanking firm's Q4 net income rose to $10.17 mln, up from $7.67 mln in Q4 2024Net interest income for Q4 increased to $27.87 mln from $22.23 mln in Q4 2024Company repurchased 104,583 shares in Q4 under $10 mln stock buyback programOutlookCompany did not provide specific financial guidance...Reuters
Fri, Jan 30
OnlyFans in talks to sell majority stake to Architect Capital, source says
By Juby Babu Jan 30 (Reuters) - OnlyFans is exploring selling a majority stake to investment firm Architect Capital in a deal valuing the adult content social media site at around $5.5 billion, including debt, a person familiar with the matter told Reuters on Friday.San Francisco-based Architect ...Reuters
Fri, Jan 30
Disney CEO Bob Iger plans to leave role before contract expires, WSJ reports
Jan 30 (Reuters) - Media conglomerate Walt Disney's DIS.N Chief Executive Bob Iger has told associates he plans to step down as CEO and pull back from daily management before the December 31 end of his contract, the Wall Street Journal reported on Friday, according to people familiar with the ma...Reuters
Fri, Jan 30
Thoma Bravo explores sale of identity software firm Imprivata, sources say
Imprivata sale process involves JPMorgan and EvercoreImprivata may be valued at up to $7 billion, source saysCybersecurity M&A interest driven by AI and data protection concernsBy Milana VinnJan 30 (Reuters) - Thoma Bravo is exploring a sale of Imprivata, a digital identity software provider for...Reuters
Fri, Jan 30
ADVISORY-Incorrect alerts on Pioneer Bancorp withdrawn
A set of incorrect alerts on Pioneer Bancorp PBFS.O quarterly results have been withdrawn. The company reported results for the fourth quarter, not the second quarter.For the correct set of alerts on Pioneer Bancorp PBFS.O Q4 results, click: nL1N3YV1BRSTORY_NUMBER:PLX8ABF67STORY_TIME:[09:15:55]Reuters
Fri, Jan 30
Disney's Iger Told Associates He Plans to Leave CEO Role Before Contract Expires - WSJ
Jan 30 (Reuters) - IGER HAS TOLD ASSOCIATES HE PLANS TO LEAVE CEO ROLE BEFORE CONTRACT EXPIRES - WSJDISNEY’S BOARD IS PLANNING TO MEET NEXT WEEK, WHERE IT IS EXPECTED TO VOTE ON A NEW CEO - WSJSource text: on.wsj.com/4a4kropReuters
Fri, Jan 30
ADVISORY-Alert on Trump Op-Ed erroneously tagged to Peloton withdrawn
Jan 30 (Reuters) - An alert on U.S. President Donald Trump saying "tariffs have brought America back" in an opinion piece published by the Wall Street Journal on Friday was inadvertently tagged to an unrelated alert on Peloton PTON.O cutting 11% of its staff and is being withdrawn.For the co...Reuters
Fri, Jan 30
EXCLUSIVE-SpaceX generated about $8 billion in profit last year ahead of IPO, sources say
By Echo Wang, Milana Vinn and Joey Roulette NEW YORK, Jan 30 (Reuters) - SpaceX generated about $8 billion in profit on $15 billion to $16 billion of revenue last year, two people familiar with the company's results said, providing fresh insight into the financial health of Elon Musk’s space ...Reuters
Fri, Jan 30
Moody's revises Israel's outlook to 'stable' from 'negative'
Jan 30 (Reuters) - Credit ratings agency Moody's revised Israel's outlook to "stable" from "negative" on Friday, saying that the country's exposure to geopolitical risks has materially eased from very high levels.The agency affirmed Israel's local and foreign currency...Reuters
Fri, Jan 30
