News
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Swiss Re 'much more comfortable' on US casualty after pruning in reinsurance: Berger
By Henry GaleAug 14 - (The Insurer) - Swiss Re does not expect to take further "pruning" actions on its casualty reinsurance book, CEO Andreas Berger said on Thursday, after the reinsurer reduced its casualty premium volume by 26.6% at the mid-year renewals.Speaking at a media briefing, Berg...Reuters
Thu, Aug 14
BK Technologies Corp Announces Q2 Financial Results
Aug 14 (Reuters) - BK Technologies Corp BKTI.A:BK TECHNOLOGIES CORP - 2Q25 REVENUE GROWS TO $21.2 MILLION - SEC FILINGBK TECHNOLOGIES CORP - 2Q25 NON-GAAP DILUTED EPS $1.30 - SEC FILINGBK TECHNOLOGIES CORP - RAISES 2025 NON-GAAP EPS TARGET TO $3.80 PER DILUTED SHARE- SEC FILINGReuters
Thu, Aug 14
Swiss ministers meet with pharma executives amid tariff uncertainty
ZURICH, Aug 14 (Reuters) - Swiss ministers have met with senior executives of pharmaceutical companies Roche ROG.S and Novartis NOVN.S to discuss the outlook for the sector under current U.S. trade policy, the government said on Thursday.President Donald Trump has imposed U.S. import tariffs of 39% ...Reuters
Thu, Aug 14
Card issuing platform CoreCard's Q2 revenue, profit beat estimates
OverviewCoreCard Q2 revenue rises 27% yr/yr, beating analyst expectations, per LSEG dataAdjusted EPS for Q2 at $0.31, exceeding analyst estimates, per LSEG dataCoreCard to merge with Euronet Worldwide, closing expected late 2025OutlookCoreCard will not provide financial guidance due to pending Euron...Reuters
Thu, Aug 14
Acquinex appoints Chubb's Cowen as CEO
By Navneeta NandanAug 14 - (The Insurer) - PIB Group-backed MGA Acquinex has announced the hire of Chubb's Josh Cowen as CEO, along with other senior leadership appointments.Henry Pearson has been appointed head of UK warranty and indemnity (W&I), while Matthew Andrews has been named head of...Reuters
Thu, Aug 14
Canada's NeuPath Q2 revenue up 25%, beats estimates
OverviewNeuPath Q2 revenue rises 25% yr/yr, beating analyst expectations, per LSEG dataAdjusted EBITDA for Q2 up 69% yr/yr, reflecting operational improvementsCo cites strong demand for Arthrosamid OutlookNeuPath expects continued growth in the second half of 2025Company plans further investments to...Reuters
Thu, Aug 14
InPlay Oil's Q2 revenue C$91.6 mln, production up 125%
OverviewInPlay Oil Q2 revenue C$91.6 mln, net loss C$3.2 mlnProduction rose 125% from Q1, exceeding expectations by 1,000 boe/dDelek Group acquires 32.7% stake, enhancing strategic alignmentOutlookInPlay expects 2025 average production at upper end of guidance rangeCapital spending expected in lower...Reuters
Thu, Aug 14
Abeona Therapeutics Q2 net income beats estimates on PRV sale, sees profitability in H1 2026
OverviewAbeona Q2 net income of $108.8 mln beats analyst expectations, per LSEG dataAdjusted EPS of $1.71 beats estimates, driven sale of Rare Pediatric Disease priority review voucher (PRVsale)ZEVASKYN U.S. launch on track and first patient treatment expected in Q3Says with Abeona transitioning int...Reuters
Thu, Aug 14
Trump-Putin meeting is a viable chance for progress, UK PM Starmer's office says
LONDON, Aug 14 (Reuters) - Friday's talks in Alaska between U.S. President Donald Trump and Russia's Vladimir Putin present a viable chance to make progress on ending the war in Ukraine, British Prime Minister Keir Starmer's office said in a statement on Thursday. The statement, issued f...Reuters
Thu, Aug 14
Russia, Ukraine exchange 84 POWs each, Russian Defence Ministry says
MOSCOW, Aug 14 (Reuters) - Russia and Ukraine on Thursday exchanged 84 prisoners of war from each side after mediation by the United Arab Emirates, the Russian Defence Ministry said.It said all of the freed Russians were currently in Belarus, where they were receiving psychological and medical assis...Reuters
Thu, Aug 14
SpartanNash Q2 sales rises, adjusted EPS beats estimates
OverviewSpartanNash fiscal Q2 net sales rise 1.8%, in-line with analyst expectations, per LSEG dataAdjusted EPS for fiscal Q2 beats estimates, reflecting operational improvementsCo highlights pending acquisition by C&S Wholesale Grocers, closing expected late 2025OutlookCompany will not provide ...Reuters
Thu, Aug 14
Putin suggests Russia and US could make a deal on nuclear arms control
Putin calls US efforts energetic and sincereKremlin leader says nuclear deal could strengthen peacePutin to meet Trump in Alaska on FridayBy Dmitry Antonov and Mark Trevelyan MOSCOW, Aug 14 (Reuters) - Russian President Vladimir Putin said on Thursday that the United States was making "sincer...Reuters
Thu, Aug 14
Bridge Specialty appoints Chhajer as CEO of Acorn and director at Capstone
By Navneeta NandanAug 14 - (The Insurer) - Brown & Brown Europe's wholesale and specialty brokerage group Bridge Specialty International (BSI) has appointed Abhishek Chhajer as CEO of Singapore-based Acorn International Network and director at Hong Kong-based Capstone Insurance Brokers.He as...Reuters
Thu, Aug 14
Costco to not sell abortion pill at its pharmacy locations, Bloomberg News reports
Aug 14 (Reuters) - Costco Wholesale COST.O has decided not to dispense the abortion pill mifepristone at its more than 500 pharmacy locations, Bloomberg News reported on Thursday.The decision follows a group of faith-based activists urging the retailer to avoid selling the drug, according to the rep...Reuters
Thu, Aug 14
Foxconn sees robust AI demand as second-quarter profit tops forecast
Q2 net profit up 27% on-year, beating market forecastsFoxconn bullish on AI server demandWarns of challenge from tariffs, currency exchange rateBy Wen-Yee Lee and Faith Hung TAIPEI, Aug 14 (Reuters) - Foxconn on Thursday forecast a significant rise in third-quarter revenue as the world's bigg...Reuters
Thu, Aug 14
