News
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Cadence to plead guilty and pay $140 million to US for China sales
Cadence sold chip design tools to Chinese military university Settlement discussions between Cadence and US began in DecemberResolution comes as US and China engage in new trade talksBy Karen FreifeldJuly 28 (Reuters) - Cadence Design CDNS.O agreed to plead guilty and pay more than $140 million to r...Reuters
Mon, Jul 28
Community Health Systems Announces Pricing Of Upsized Offering Of Senior Secured Notes Due 2034
July 28 (Reuters) - Community Health Systems Inc CYH.N:COMMUNITY HEALTH SYSTEMS, INC. ANNOUNCES PRICING OF UPSIZED OFFERING OF SENIOR SECURED NOTES DUE 2034COMMUNITY HEALTH SYSTEMS INC - OFFERING PRICED AT $1,790 MILLION OF 9.750% NOTES DUE 2034COMMUNITY HEALTH SYSTEMS INC - PROCEEDS TO RETIRE 5.625...Reuters
Mon, Jul 28
Waste Management beats quarterly estimates on higher pricing
July 28 (Reuters) - Waste Management WM.N beat second-quarter profit and revenue estimates on Monday, aided by higher pricing and steady demand for garbage collection and disposal.WM, which collects and transfers trash to company landfills and recycles it into energy, has benefited from the use of a...Reuters
Mon, Jul 28
Trump open to dialogue with North Korea's Kim to fully end nuke programme, White House official says
SEOUL, July 29 (Reuters) - U.S. President Donald Trump remains open to engaging with North Korean leader Kim Jong Un to fully end the North's nuclear programme, a White House official said on Monday, after the North said it rejects any attempt to deny its status as a nuclear state.Reuters
Mon, Jul 28
Russia's Roscosmos, NASA to hold first in-person talks at heads level since 2018, Russia says
July 29 (Reuters) - The head of Russian space agency Roscosmos, Dmitry Bakanov, has arrived in Houston for talks with the interim head of NASA, Sean Duffy - the first in-person meeting at the agencies' heads level since 2018, Russian news agencies reported on Tuesday. Talks between Bakanov, the ...Reuters
Mon, Jul 28
Air Canada's quarterly profit falls on weak US travel demand
July 28 (Reuters) - Air Canada AC.TO reported a drop in second-quarter profit on Monday, weighed down by weak passenger traffic to its key U.S. market amid strained trade relations between the two countries.Canadians are increasingly boycotting U.S.-made goods and canceling trips to the United State...Reuters
Mon, Jul 28
The Hartford profit surges as insurance demand, investment income climb
July 28 (Reuters) - The Hartford HIG.N reported a 35% jump in second-quarter profit on Monday, as insurance spending remained strong and investment income rose. Despite reduced discretionary spending due to geopolitical and economic uncertainties, individuals and businesses continued prioritizing...Reuters
Mon, Jul 28
Universal Health Services beats quarterly profit estimates on higher medical care demand
July 28 (Reuters) - U.S. hospital operator Universal Health Services UHS.N beat Wall Street estimates for second-quarter profit on Monday, driven by sustained demand for medical care services.Health insurers have flagged elevated demand and costs in individual Affordable Care Act (Obamacare) and Med...Reuters
Mon, Jul 28
Air Canada profit falls on weak US travel demand
July 28 (Reuters) - Air Canada AC.TO reported a drop in second-quarter profit on Monday, weighed down by weak passenger traffic to its key U.S. market amid strained trade relations between the two countries.Canada's largest carrier reported a profit of C$0.60 ($0.4368) during the second quarter...Reuters
Mon, Jul 28
NOV's Q2 revenue falls but beats expectations
OverviewNOV Q2 revenue of $2.19 bln beats analyst expectations, per LSEG dataNet income for Q2 down 52% yr/yr, impacted by prior year's business sale gainAdjusted EBITDA for Q2 down 10% yr/yr due to macroeconomic uncertaintiesOutlookCompany expects Q3 2025 revenue to decline 1-3% year-over-yearN...Reuters
Mon, Jul 28
CORRECTED-Surge Energy swings to profit in Q2, raises 2025 production guidance
OverviewSurge Energy Q2 production averaged 23,589 boepdCo reports Q2 net income C$31.91 mlnCompany raises average 2025 production guidance to 23,000 boepd, cuts capex by $15 mlnQ2 adjusted funds flow at C$72.8 mln, cash flow from operations C$56.3 mlnOutlookSurge Energy raises average 2025 producti...Reuters
Mon, Jul 28
Bristol Myers, Bain Capital form new company to develop immunology drugs
July 28 (Reuters) - Drugmaker Bristol Myers Squibb BMY.N and private equity firm Bain Capital will launch an independent company focused on developing immunology drugs, backed by Bain's $300 million financing round, the companies said on Monday.The new company will work on five experimental drug...Reuters
Mon, Jul 28
EXCLUSIVE-US Democrats, Republicans plan bills to pressure China as Trump pushes trade
Support from both parties for bills on Taiwan, Uyghurs, 'transnational repression'Bills stress security, rights issues as Trump focuses on tradeHard line on China a rare bipartisan issue in divided CongressBy Patricia Zengerle WASHINGTON, July 28 (Reuters) - U.S. senators from both major ...Reuters
Mon, Jul 28
Harley-Davidson in talks to sell stake in financing unit, Bloomberg News reports
July 28 (Reuters) - Harley-Davidson HOG.N is in talks with Pacific Investment Management Co and KKR & Co. KKR.N to sell a stake in its financing unit and existing motorcycle loan portfolio in a deal worth $5 billion, Bloomberg News reported on Monday, citing people familiar with the matter.Reuters
Mon, Jul 28
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY, July 28 (Reuters) - Mexican telecommunications giant America Movil AMXB.MX will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America LILA.O.America Movil and Liberty Latin America announced in 2021 the...Reuters
Mon, Jul 28
