News
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Scor and Covéa retrocession arbitration decision expected in 2026
By Michael JonesAug 14 - (The Insurer) - An arbitration tribunal has decided it will not stay its proceedings in relation to a dispute over retrocession treaties between Scor and Covéa, with a final decision expected in 2026, Scor said on Wednesday.The arbitration, filed in November 2022, relates to...Reuters
Thu, Aug 14
Air Industries Group Announces Q2 Financial Results
Aug 14 (Reuters) - Air Industries Group AIRI.A:AIR INDUSTRIES GROUP Q2 GROSS PROFIT USD 2 MILLIONAIR INDUSTRIES GROUP Q2 SALES USD 12.7 MILLIONAIR INDUSTRIES GROUP Q2 GROSS MARGIN 16%AIR INDUSTRIES GROUP Q2 OPERATING EXPENSES USD 2 MILLIONReuters
Thu, Aug 14
RPT-BREAKINGVIEWS-Tencent provides a timely AI reality check
By Robyn MakHONG KONG, Aug 14 (Reuters Breakingviews) - Tencent's 0700.HK latest financial results will bolster the case for both artificial intelligence optimists and sceptics. The $683 billion Chinese video-games group delivered an impressive 15% year-on-year jump in revenue in the June quarte...Reuters
Thu, Aug 14
More US companies skip lender consent to add on debt, Moody's says
By Matt Tracy Aug 14 (Reuters) - A growing number of U.S. companies are seeking more flexible covenants in their credit agreements to increase their debt loads while avoiding approvals from all their existing lenders, according to a new report by ratings agency Moody's Ratings.Moody's sai...Reuters
Thu, Aug 14
RPT-BREAKINGVIEWS-Hanes underwear deal looks too skimpy
By Jennifer SabaNEW YORK, Aug 13 (Reuters Breakingviews) - An apparel tie-up is leaving one party overexposed. Canada’s Gildan Activewear GIL.TO wants to buy rival T-shirt, bra and boxer maker HanesBrands HBI.N for $2.2 billion. Chunky cost savings cover the premium roughly four times over, but the...Reuters
Thu, Aug 14
Oracle, Google cloud units strike deal for Oracle to sell Gemini models
By Stephen Nellis SAN FRANCISCO, Aug 14 (Reuters) - Oracle ORCL.N and Alphabet GOOGL.O said on Thursday their cloud computing units have struck a deal to offer Google's Gemini artificial intelligence models through Oracle's cloud computing services and business applications.The deal, simi...Reuters
Thu, Aug 14
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
