News
Important Only
U.S Banks Including Goldman Sachs And Bank Of America Being Drawn Into Widening French Dividend Tax Audits - Bloomberg News
July 24 (Reuters) - U.S BANKS INCLUDING GOLDMAN SACHS AND BANK OF AMERICA BEING DRAWN INTO WIDENING FRENCH DIVIDEND TAX AUDITS - BLOOMBERG NEWSSource text: https://tinyurl.com/ydnk8uycReuters
Thu, Jul 24
Deals of the day-Mergers and acquisitions
July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** City Office REIT said it has agreed to be acquired by private investment firm MCME Carell Holdings for $7 per share in cash.nL4N3TL11B ** Danish biotech Bavarian ...Reuters
Thu, Jul 24
U.S. bank mergers likely to pick up as industry consolidates, Lazard CEO says
NEW YORK, July 24 (Reuters) - Lazard (LAZ.N) CEO Peter Orszag expects a long-awaited wave of bank mergers to pick up as the broader dealmaking outlook improves, he told journalists on a post-earnings conference call on Thursday.The earnings report showed that Lazard beat estimates for second-quarter...Reuters
Thu, Jul 24
Canada's City Office REIT to be taken private in near $1.1 billion deal
By Abhinav Parmar July 24 (Reuters) - City Office REIT CIO.N said on Thursday it has agreed to be taken private by MCME Carell, an affiliate of hedge fund Elliott Investment, in an all-cash deal valued at nearly $1.1 billion, including the assumption of debt.MCME Carell will acquire all the outst...Reuters
Thu, Jul 24
BP Advises AREH Partners Of Intention To Exit Project As Operator And Equity Holder
July 24 (Reuters) - BP PLC BP.L:BP - ADVISED AUSTRALIAN RENEWABLE ENERGY HUB PARTNERS OF INTENTION TO EXIT PROJECT AS OPERATOR AND EQUITY HOLDERBP - DECISION REFLECTS RECENT STRATEGY RESET, WHICH WILL SEE BP GROW ITS UPSTREAM OIL & GAS BUSINESS, FOCUS ITS DOWNSTREAM BUSINESS - SPOKESPERSONReuters
Thu, Jul 24
C&F Financial Q2 net income rises on loan growth
OverviewC&F Financial Q2 net income rises 54.3% to $7.8 mln, driven by loan growthEarnings per share for Q2 increased to $2.37 from $1.50 year-over-yearCommunity banking and mortgage segments show strong performance, boosting overall resultsOutlookCompany expects continued loan and deposit growt...Reuters
Thu, Jul 24
FEMA chief would report directly to US president under new bill
By Courtney RozenWASHINGTON, July 24 (Reuters) - The head of the Federal Emergency Management Agency would report directly to the U.S. president instead of the Homeland Security secretary, under a bipartisan bill announced in the House of Representatives on Thursday. The bill would also allow FEMA ...Reuters
Thu, Jul 24
EU regulators to investigate if KKR provided misleading information in Telecom Italia deal
By Foo Yun Chee BRUSSELS, July 24 (Reuters) - EU antitrust regulators will investigate whether U.S. investment firm KKR KKR.N provided incorrect or misleading information in its 22-billion-euro ($26 billion) acquisition of Telecom Italia's (TIM) TLIT.MI fixed-line network deal, the European C...Reuters
Thu, Jul 24
Trump administration violated law in delaying US Head Start education funding, GAO report finds
By Richard Cowan WASHINGTON, July 23 (Reuters) - The Trump administration's temporary freeze on federal funds for the Head Start early education program for low-income children was illegal, a non-partisan government watchdog concluded in a report released on Wednesday, as the White House cont...Reuters
Thu, Jul 24
Honeywell CEO Says Committed To Deconsolidate Quantinuum Business, Are Doing Fundraise To Capitalize Co Between Now And IPO Time Timeline We See Today Is End Of 2027 - Conf. Call
July 24 (Reuters) - Honeywell International Inc HON.O:HONEYWELL CEO: COMMITTED TO DECONSOLIDATE QUANTINUUM BUSINESS, ARE DOING FUNDRAISE TO CAPITALIZE CO BETWEEN NOW AND IPO TIME; TIMELINE WE SEE TODAY IS END OF 2027 - CONF. CALLSource text: [ID:]Reuters
Thu, Jul 24
CORRECTED-Trump administration violated law in delaying US Head Start education funding - GAO report
By Richard Cowan WASHINGTON, July 23 (Reuters) - The Trump administration's temporary freeze on federal funds for the Head Start early education program for low-income children was illegal, a non-partisan government watchdog concluded in a report released on Wednesday, as the White House cont...Reuters
Thu, Jul 24
Canada pension fund to pocket $631 million from India mall JV exit
July 24 (Reuters) - Canada's biggest pension fund will exit a joint venture with India's Phoenix Mills PHOE.NS in a cash deal worth 54.49 billion rupees ($630.9 million), the mall operator said on Thursday. CPP Investments' exit comes at a time when brick-and-mortar retailers are grappli...Reuters
Thu, Jul 24
UnitedHealth Complies With DOJ Requests Related To Participation In Medicare Program
July 24 (Reuters) - UnitedHealth Group Inc UNH.N:UNITEDHEALTH GROUP INC - CONTACTS DOJ OVER MEDICARE PROGRAM INVESTIGATIONS - SEC FILINGUNITEDHEALTH GROUP INC - COMPLIES WITH DOJ REQUESTS - SEC FILINGUNITEDHEALTH GROUP INC - CMS AUDITS CONFIRM UNITEDHEALTH GROUP'S PRACTICES ARE ACCURATE - SEC FI...Reuters
Thu, Jul 24
Bank ACNB's Q2 net income misses estimates
OverviewACNB Q2 net income rises but misses analyst expectations, per LSEG dataEPS for Q2 misses consensus, reflecting challenges post-acquisitionCo announces 6.3% increase in quarterly dividend, repurchased shares in Q2OutlookACNB focused on managing uncertain economic challenges through diversific...Reuters
Thu, Jul 24
Trump says he wants Musk and his companies to thrive in US
July 24 (Reuters) - President Donald Trump said on Thursday he would not destroy Elon Musk's companies by taking away federal subsidies and that he wants the billionaire tech-entrepreneur's businesses to thrive."Everyone is stating that I will destroy Elon’s companies by taking away some...Reuters
Thu, Jul 24
DIARY-Political and General News Events from July 24
July 24 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY --------...Reuters
Thu, Jul 24
Senior Hamas source says Gaza truce deal possible despite Israeli stalling
BEIRUT, July 24 (Reuters) - A senior Hamas source told Reuters on Thursday that there was still a chance of reaching a Gaza ceasefire agreement but it would take a few days because of what he called Israeli stalling.The source said Hamas' response to the latest ceasefire proposal included reques...Reuters
Thu, Jul 24
EU really wants to make a trade deal with the US, Commerce secretary Lutnick tells CNBC
July 24 (Reuters) - The European Union really wants to make a trade deal with the U.S., Commerce Secretary Howard Lutnick told CNBC in an interview on Thursday. Representatives from South Korea will also visit his office on Thursday for discussions on trade, Lutnick told CNBC.Reuters
Thu, Jul 24
