News
Important Only
BRIEF-ABB To Invest $120 Million To Expand U.S. Manufacturing
March 3 (Reuters) - ABB LTD ABBN.S:ABB TO INVEST $120 MILLION TO EXPAND US MANUFACTURING$80M INVESTMENT IN SELMER, TENNESSEE WILL CREATE 50 NEW JOBS$40M INVESTMENT IN SENATOBIA, MISSISSIPPI WILL CREATE 200 NEW JOBSNEW ABB FACILITY IN SELMER, TO OPEN IN Q4 2026WHEN NEW FACILITY OPENS IN Q2 2026, 200 ...Reuters
Mon, Mar 3
BRIEF-Kroger Announces Resignation Of CEO Rodney Mcmullen
March 3 (Reuters) - Kroger KR.N:KROGER ANNOUNCES RESIGNATION OF CEO RODNEY MCMULLENKROGER CO: RONALD SARGENT APPOINTED CHAIRMAN OF BOARD OF DIRECTORS AND INTERIM CEOKROGER CO - RONALD SARGENT APPOINTED CHAIRMAN AND INTERIM CEO OF KROGERKROGER CO: EXPECTS FULL-YEAR IDENTICAL SALES WITHOUT FUEL TO BE ...Reuters
Mon, Mar 3
BRIEF-Boston Scientific Announces Agreement To Acquire Sonivie
March 3 (Reuters) - Boston Scientific BSX.N:BOSTON SCIENTIFIC ANNOUNCES AGREEMENT TO ACQUIRE SONIVIE LTD.BOSTON SCIENTIFIC CORP - TRANSACTION INCLUDES $360 MILLION UPFRONT, $180 MILLION REGULATORY MILESTONEBOSTON SCIENTIFIC CORP - TRANSACTION EXPECTED TO BE SLIGHTLY DILUTIVE TO EPS IN 2025Source tex...Reuters
Mon, Mar 3
U.S. actions may set polio eradication back, WHO says
By Jennifer Rigby LONDON, March 3 (Reuters) - The eradication of polio as a global health threat may be delayed unless U.S. funding cuts – potentially totaling hundreds of millions of dollars over several years – are reversed, a senior World Health Organization official has warned. The WHO works ...Reuters
Mon, Mar 3
ANALYSIS-Europe keeps trying with Trump on Ukraine and security despite Zelenskiy clash
Europeans back Ukrainian leader but urge him to mend Trump tiesLeaders say they need Trump for Ukraine peace, European securityUS has power and military muscle than Europe can't matchBy Andrew Gray and Lili Bayer BRUSSELS, March 3 (Reuters) - Even as they have rallied to Volodymyr Zelenskiy&...Reuters
Mon, Mar 3
UAE's Ras Al Khaimah hires banks for Islamic bond issue, document shows
DUBAI, March 3 (Reuters) - Ras Al Khaimah, one of seven city-states of the United Arab Emirates and likely location of its first casino, has mandated banks to arrange investor meetings ahead of issuing sukuk, or an Islamic bond, issue, a document showed on Monday.The government plans to issue 10-yea...Reuters
Mon, Mar 3
BRIEF-New Fortress Energy Extends Islandwide Gas Supply Contract In Puerto Rico
March 3 (Reuters) - New Fortress Energy NFE.O:NEW FORTRESS ENERGY EXTENDS ISLANDWIDE GAS SUPPLY CONTRACT IN PUERTO RICONEW FORTRESS ENERGY: 10-YEAR AGREEMENT WILL BE MODIFIED TO ELIMINATE FUTURE INCENTIVE PAYMENTS IN EXCHANGE FOR $110 MILLION PAYMENTSource text: ID:nBw5hW2SNaFurther company coverage...Reuters
Mon, Mar 3
How Profitable is DeepSeek? Its Costs and Profits Are Unveiled: A Profit Margin of 545%!
While the U.S. tech giants are still burning money on AI, the DeepSeek has revealed astonishing details about its costs and profits, making over three million yuan in profit per day and boasting a profit margin of over 500%.TradingKey
Mon, Mar 3
UN's food agency WFP closes southern African bureau, Bloomberg News reports
March 3 (Reuters) - The United Nations' World Food Programme (WFP), which gets much of its funding from the United States, is closing its southern African bureau, Bloomberg News said on Monday.The decision was communicated to staff around the world in an email on Friday from Global Executive Dir...Reuters
Mon, Mar 3
BRIEF-Lufax Substantial Completion Of Investigation To Conclude By Mid-April 2025
March 3 (Reuters) - Lufax Holding LU.N:LUFAX HOLDING: SUBSTANTIAL COMPLETION OF INDEPENDENT INVESTIGATION OF SUBJECT TRANSACTIONS PROJECTED TO CONCLUDE BY MID-APRIL 2025Source text: [ID:n0001193125-25-043337]Further company coverage: LU.NReuters
Mon, Mar 3
CORRECTED-British self driving startup Wayve enters Germany with new testing and development hub
Corrects paragraph 7 to say Wayve has prototyped its technology on six vehicle platforms, not already integrated the technology in the vehicle platforms March 3 (Reuters) - British startup Wayve will establish a new testing and development hub in Germany, deploying a fleet of test vehicles in the...Reuters
Mon, Mar 3
Germany's SPD says security needs boost but no comment on funding plans
BERLIN, March 3 (Reuters) - Germany's Social Democrats (SPD) said foreign policy and defence must take priority in talks led by their conservative rivals to form a new coalition government but declined to give details on how a ramping-up in defence spending would be financed."Europe must bec...Reuters
Mon, Mar 3
Deals of the day-Mergers and acquisitions
March 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday: ** Chubb has reached agreements to acquire the property and casualty insurance businesses of Liberty Mutual in Thailand and Vietnam.nL6N3PM0BX ** Dutch bank ING said it has agree...Reuters
Mon, Mar 3
BRIEF-Traws Pharma Reports Positive Results From Accepted Bird Flu Model For Anti-Viral Candidate, Tivoxavir Marboxil
March 3 (Reuters) - Traws Pharma TRAW.O:TRAWS PHARMA: REPORTS POSITIVE RESULTS FROM ACCEPTED BIRD FLU MODEL FOR ANTI-VIRAL CANDIDATE, TIVOXAVIR MARBOXILTRAWS PHARMA: TOPLINE DATA FROM FERRET MODEL TESTING SHOW THAT TIVOXAVIR MARBOXIL HAS POTENTIAL TO INHIBIT DISEASE AFTER BIRD FLU INFECTIONTRAWS PHA...Reuters
Mon, Mar 3
Exclusive: Cogent continues aviation build-out with Tysers’ Dawson and Forester
By Michael JonesMarch 3 - (The Insurer) - London-based broker Cogent International has continued the build-out of its aviation division with the transfer of an Eddy Dawson- and Andrew Forester-run book of business from Tysers, three senior sources told The Insurer.Tysers CEO Tom Wilson confirmed tha...Reuters
Mon, Mar 3
