News
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Brown & Brown's fourth-quarter profit rises on fee and commission growth
Jan 26 (Reuters) - Brown & Brown BRO.N reported a rise in fourth-quarter adjusted profit on Monday, as the insurance broker benefited from higher income from commissions and fees on the back of strong demand.Insurance providers are seeing increased demand as consumers and businesses boost covera...Reuters
Tue, Jan 27
First Brands to wind down key units as it seeks buyers amid bankruptcy crisis
Jan 26 (Reuters) - First Brands said on Monday it has begun winding down parts of its North American operations, including its Brake Parts, Cardone and Autolite units, while keeping its remaining businesses running as the company seeks buyers for the assets.The wind-down excludes First Brands' o...Reuters
Tue, Jan 27
UK's Starmer heads to China to repair ties as he navigates tensions with US
Starmer makes first visit to China by British PM since 2018UK wants to improve trade and economic ties with ChinaVisit follows Trump threats over GreenlandBy Andrew MacAskill LONDON, Jan 27 (Reuters) - Prime Minister Keir Starmer will fly to China on Tuesday on the first visit by a British le...Reuters
Tue, Jan 27
First Brands' lenders oppose $700 million loan request, push for asset liquidation, WSJ reports
Jan 26 (Reuters) - First Brands' top lenders, including distressed-debt investors King Street Capital Management and Mudrick Capital Management, are resisting a request by the auto parts supplier to secure a $700 million loan, the Wall Street Journal reported on Monday.Instead, the lenders are p...Reuters
Tue, Jan 27
Qilu Pharmaceutical in metabolic disease development deal with Insilico Medicine
SHANGHAI, Jan 27 (Reuters) - Chinese drugmaker Qilu Pharmaceutical will be responsible for developing metabolic disease drug candidates from Insilico Medicine under a contract with a total value that "approaches" $120 million, the Boston-based drug discovery firm said in a statement on Tuesd...Reuters
Tue, Jan 27
First Brands Group’S Top Lenders Are Resisting A Second Loan Of Up To $700 Million And Are Pushing For Liquidation Of Parts Of The Business - WSJ
Jan 26 (Reuters) - FIRST BRANDS GROUP’S TOP LENDERS ARE RESISTING A SECOND LOAN OF UP TO $700 MILLION AND ARE PUSHING FOR LIQUIDATION OF PARTS OF THE BUSINESS. - WSJSource text: https://tinyurl.com/bdcsabp2Reuters
Tue, Jan 27
Bovino removed from his role as US Border Patrol commander at large, The Atlantic reports
Jan 26 (Reuters) - Gregory Bovino has been removed from his role as the "commander at large" for the U.S. Border Patrol and will return to his former job in California, where he is expected to retire soon, the Atlantic reported on Monday, citing a Homeland Security official and two people wi...Reuters
Tue, Jan 27
Bovino removed from his role as US Border Patrol commander at large, The Atlantic reports
Jan 26 (Reuters) - Gregory Bovino has been removed from his role as the "commander at large" for the U.S. Border Patrol and will return to his former job in California, where he is expected to retire soon, the Atlantic reported on Monday, citing a Homeland Security official and two people wi...Reuters
Mon, Jan 26
South Korea finance minister to ask parliament for cooperation on US investment bill
SEOUL, Jan 27 (Reuters) - South Korea's finance ministry said on Tuesday it would actively consult with parliament on a U.S. investment bill, after President Donald Trump accused the country's legislature of "not living up" to its trade deal with Washington.Finance Minister Koo Yun-c...Reuters
Mon, Jan 26
Five Star Bancorp's Q4 net income rises 32%
OverviewBanking firm's Q4 net income rose to $17.6 mln, up from $13.3 mln last yearNet interest income for Q4 increased, driven by loan growth and yield improvementCompany announced increased dividend for the quarterOutlookFive Star Bancorp plans to manage expenses and execute conservative under...Reuters
Mon, Jan 26
Shutdown looms as ICE shootings spawn partisan fight over DHS funding in US Congress
Democrats want DHS funding separated and delayed after ICE shootingsRepublicans instead move forward with full funding packageCollins warns of "dangerous and detrimental" shutdown By David Morgan and Nolan D. McCaskill WASHINGTON, Jan 26 (Reuters) - The federal government appeared headed ...Reuters
Mon, Jan 26
U.S. judge weighs school districts' addiction claims against social media companies
Judge overseeing the federal litigation is weighing companies' bid to dismiss first test casesSchool districts' cases are slated to be the first trialsSection 230 and its scope a key feature of the litigationBy Diana Novak Jones Jan 26 (Reuters) - Attorneys for Meta Platforms META.O and o...Reuters
Mon, Jan 26
Katy Perry, other celebrities urge citizen action after Minnesota shootings
By Kanishka Singh WASHINGTON, Jan 26 (Reuters) - Singer Katy Perry and other U.S. celebrities have called for citizens to contact lawmakers and speak out against federal immigration officials' killing of two U.S. citizens during the Trump administration's immigration crackdown in Minnesot...Reuters
Mon, Jan 26
Citigroup sued by former executive who says it mishandled sexual harassment
Julia Carreon accused wealth chief of sexual harassmentCarreon says bank's HR department forced her outCitigroup says the lawsuit has no meritBy Jonathan Stempel NEW YORK, Jan 26 (Reuters) - Citigroup C.N was sued on Monday by a former managing director who said she was forced out after being...Reuters
Mon, Jan 26
Texas governor bars state employees from using Shein, Alibaba products
By Courtney Rozen, Alexandra Alper and David ShepardsonWASHINGTON, Jan 26 (Reuters) - Texas will bar its employees from using Shein, Alibaba and TP-Link hardware and software, the governor said in a statement on Monday, saying his state made the decision to protect the "privacy of Texans" fr...Reuters
Mon, Jan 26
