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Ford Marks America’S 250Th By Putting American Values To Work
May 1 (Reuters) - Ford Motor Co F.N:FORD MARKS AMERICA’S 250TH BY PUTTING AMERICAN VALUES TO WORKFORD - EXTENDS EMPLOYEE PRICING TO CUSTOMERS ON MOST 2025 AND 2026 FORD AND LINCOLN VEHICLESFORD - EMPLOYEE PRICING CAMPAIGN RUNS THROUGH JULY 6 FOR U.S. CUSTOMERSReuters
Fri, May 1
Chevron's upstream strength lifts first-quarter earnings past estimate
Downstream segment swings to loss, mainly from timing effectsUpstream earnings grow 4% year-on-yearCFO says $1 billion in timing effects to unwind in Q2By Sheila DangHOUSTON, May 1 (Reuters) - Chevron CVX.N exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil pric...Reuters
Fri, May 1
Estee Lauder Q3 EPS beats; ups FY view; raises job cut plan to up to 10,000
OverviewBeauty products maker's fiscal Q3 net sales slightly beat analyst expectations, up 5% yr/yrAdjusted EPS for fiscal Q3 beat consensus, rising 40% yr/yrCompany expands restructuring plan to 9,000-10,000 job cuts, vs 5,800-7,000 earlier; also expects to take higher charges on plan and see b...Reuters
Fri, May 1
Proto Labs Q1 revenue beats estimates on CNC machining growth
OverviewUS digital manufacturing services provider's Q1 revenue rose 10.4% yr/yr, beating analyst expectationsAdjusted net income for Q1 beat consensus, with non-GAAP EPS rising to $0.54Company attributed results to strong demand and disciplined executionOutlookProto Labs expects Q2 revenue betw...Reuters
Fri, May 1
Ares Management Q1 AUM up 18% on record fundraising
OverviewAlternative asset manager's Q1 net income was $142.6 mlnCompany declared a quarterly dividend of $1.35 per shareQ1 results driven by record fundraising and 18% yr/yr AUM growthOutlookAres expects another record year of fundraising, citing broad-based investor demandCompany says it is wel...Reuters
Fri, May 1
Peltz's Trian urges Solventum to rightsize costs, divest non-core businesses
April 30 (Reuters) - Nelson Peltz's Trian Fund Management on Thursday called on Solventum SOLV.N to rightsize overhead costs, divest non-core businesses and improve capital allocation in its latest appeal for a performance turnaround at the medical device maker.Over the last 18 months, Trian, wh...Reuters
Fri, May 1
Estee Lauder beats quarterly sales estimates, to cut more jobs
May 1 (Reuters) - Cosmetics maker Estee Lauder EL.N beat Wall Street estimates for third-quarter sales on Friday, driven by improving sales in markets including China and Europe and benefits from CEO Stephane de La Faverie's turnaround push.The company, which has been in talks to merge with Jean...Reuters
Fri, May 1
Ares Management Says Q1 Fundraising Of $30 Billion, Up More Than 45% YoY
May 1 (Reuters) - Ares Management Corp ARES.N:Q1 FUNDRAISING OF $30 BILLION, UP MORE THAN 45% YOYQ1 ADJUSTED EPS $1.24 VERSUS. IBES ESTIMATE $1.34Q1 FEE RELATED EARNINGS $464.4 MILLION VERSUS. IBES ESTIMATE $464.7 MILLIONON TRACK FOR RECORD YEAR OF FUNDRAISING, CONTINUE TO SEE BROAD-BASED INVESTOR D...Reuters
Fri, May 1
Ares Management posts record $30 billion fundraising in first quarter
Ares on track for record year of fundraising, CEO Arougheti saysPrivate credit behemoth logs record $30 billion fundraise in Q1Ares sitting on record investment pipeline Uninvested capital swells to $158 billion May 1 (Reuters) - Ares Management ARES.N, one of the biggest names in private credit,...Reuters
Fri, May 1
Trump heads to Florida stronghold in first public event since foiled attack
Trump to tout senior tax breaks, Social Security changes at The Villages eventApproval rating drops to 34%, economic woes and inflation fuel voter discontentSecurity scrutinized after foiled attack, Trump expresses confidence in Secret ServiceBy Jacob Bogage THE VILLAGES, Florida, May 1 (Reuters)...Reuters
Fri, May 1
ANALYSIS-Medicare Advantage health plans may cut extra benefits in 2027
Plan members could see fewer gym, vision and dental optionsAll insurers likely to cut back on benefits, investors sayHealth insurance changes could impact midterm elections, experts sayBy Amina Niasse NEW YORK, May 1 (Reuters) - Americans enrolled in Medicare Advantage health plans should expect ...Reuters
Fri, May 1
US Navy turns to AI firm Domino for options to counter Iranian mines
Domino Data Lab awarded $100 million contract to boost Navy AI mine detectionAI software enables faster adaptation to new mine types, reducing update time from months to daysDomino COO Thomas Robinson says technology allows rapid deployment in contested watersBy Mike StoneWASHINGTON, May 1 (Reuters)...Reuters
Fri, May 1
Trump's attacks on Europe's leaders worsen transatlantic frost
Iran war has seen transatlantic tensions flareMood is shifting, Europeans more emboldened to speak upEven flattery doesn't prevent Trump attacks, diplomat saysBy Andrea Shalal WASHINGTON, May 1 (Reuters) - The past weeks have not been reassuring for those who thought Europe could navigate its...Reuters
Fri, May 1
Underwater robot tracks sperm whale conversations in real time
Autonomous glider detects and follows whale vocalizationsScientists can track same whale or group for long periodsBy Marta Serafinko May 1 (Reuters) - Deep beneath the ocean surface, sperm whales swim through the dark waters, clicking to each other in bursts of sound that can travel for kilometre...Reuters
Fri, May 1
Key takeaways from Musk's testimony at OpenAI trial
May 1 (Reuters) - Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable giving.Musk, the CEO of Tesla TSLA.O and SpaceX as we...Reuters
Fri, May 1
Antigua and Barbuda PM Browne wins fourth term promising growth
By Sarah Peter CASTRIES, St Lucia, May 1 (Reuters) - Antigua and Barbuda Prime Minister Gaston Browne won a landslide election victory late on Thursday, securing a fourth term after a campaign dominated by the economy and concerns over U.S. visa restrictions.Browne's Labour Party increased it...Reuters
Fri, May 1
Deals of the day-Mergers and acquisitions
May 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: Spain's Banco Sabadell has completed the sale of its UK subsiduary TSB to Banco Santander for 3.3 billion euros ($3.87 billion), Sabadell said.nL8N41E081 Marsh McLennan Agency,...Reuters
Fri, May 1
Russian troops capture village in northeastern Ukraine, RIA reports
MOSCOW, May 1 (Reuters) - The Russian defence ministry said on Friday its forces had taken control of the village of Pokaliane in Ukraine's northeastern Kharkiv region, RIA news agency reported.Reuters could not independently confirm the battlefield report.Reuters
Fri, May 1
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