News
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Lake Shore Bancorp Q2 net income up rises 72% yr/yr
OverviewLake Shore Bancorp Q2 net income rises 72% yr/yr, driven by strategic balance sheet managementNet interest income increased 17.6% yr/yr, contributing to improved financial performanceCo completed conversion and stock offering, raising $49.5 mln for growth Result DriversNET INTEREST INCOM...Reuters
Wed, Jul 23
Whitecap beats Q2 oil and gas revenue estimates
OverviewWhitecap Q2 oil & gas rev beats analysts' expectations, driven by operational performanceCompany's production exceeds internal forecasts, supported by asset-level outperformanceWhitecap maintained strong balance sheet, net debt to annualized funds flow ratio at 1.0 timesOutlookWh...Reuters
Wed, Jul 23
ServiceNow raises annual subscription revenue forecast on AI-driven tools demand
By Jaspreet Singh July 23 (Reuters) - ServiceNow NOW.N raised its annual subscription revenue forecast on Wednesday, signaling robust demand for its artificial intelligence-enabled software designed to automate digital operations.Businesses are widely adopting cloud-based enterprise solutions fro...Reuters
Wed, Jul 23
IBM results beat estimates on AI mainframe refresh, consulting revival
July 23 (Reuters) - IBM IBM.N beat Wall Street estimates for second-quarter revenue and profit on Wednesday, helped by renewed sales in its mainframe business as artificial intelligence upgrades spurred demand for the systems, which are capable of processing vast amounts of data. Clients have focuse...Reuters
Wed, Jul 23
US extends cuts to minimum New York flight requirements through late 2026
July 23 (Reuters) - The Federal Aviation Administration agreed on Wednesday to extend cuts to minimum flight requirements at congested New York City airports through October 2026, citing air traffic controller staffing shortages.Under minimum flight requirements, airlines can lose their takeoff and ...Reuters
Wed, Jul 23
Mattel posts steeper sales decline than expected on soft Barbie demand
July 23 (Reuters) - Toymaker Mattel MAT.O posted a bigger-than-expected drop in second-quarter revenue on Wednesday, as weak Barbie sales in North America and cautious inventory planning by retailers amid global trade uncertainties weighed on demand. The company, however, reinstated its full-year sa...Reuters
Wed, Jul 23
Google parent Alphabet beats quarterly revenue estimates
July 23 (Reuters) - Alphabet GOOGL.O beat Wall Street estimates for quarterly revenue on Wednesday, as the Google parent's new AI features and a steady digital advertising market boosted growth in its core search business. The tech company reported total revenue of $96.43 billion for the second ...Reuters
Wed, Jul 23
Grupo Aeroportuario del Pacifico SAB de CV expected to post earnings of $2.72 a share - Earnings Preview
Grupo Aeroportuario del Pacifico SAB de CV PAC.N, PAC is expected to show a rise in quarterly revenue when it reports results on October 20 (estimated) for the period ending September 30 2025The Guadalajara Jalisco-based company is expected to report a 18.2% increase in revenue to $514.166 millio...Reuters
Wed, Jul 23
Waystar Is Close To Acquiring Iodine Software, A Private-Equity Backed Company, For Over $1.2 Billion-WSJ
July 23 (Reuters) - Waystar Holding Corp WAY.O:WAYSTAR IS CLOSE TO ACQUIRING IODINE SOFTWARE, A PRIVATE-EQUITY BACKED COMPANY, FOR OVER $1.2 BILLION-WSJSource text: https://tinyurl.com/32efb8muReuters
Wed, Jul 23
Southern Copper Corp expected to post earnings of $1.11 a share - Earnings Preview
Southern Copper Corp SCCO.N, SCCO.K is expected to show a fall in quarterly revenue when it reports results on July 25 (estimated) for the period ending June 30 2025The Phoenix Arizona-based company is expected to report a 3.5% decrease in revenue to $3.009 billion from $3.12 billion a year ago, ...Reuters
Wed, Jul 23
T-Mobile raises forecast for annual subscriber additions
July 23 (Reuters) - T-Mobile TMUS.O raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services. The carrier now expects to add betwee...Reuters
Wed, Jul 23
Prosus' iFood in advanced talks to buy Brazil's Alelo for $905 million, Valor Economico reports
SAO PAULO, July 23 (Reuters) - Brazilian food delivery app iFood, owned by Dutch technology investor Prosus PRX.AS, is in advanced talks to buy meal voucher company Alelo for about 5 billion reais ($904.75 million), the Valor Economico newspaper reported on Wednesday, citing sources.The deal would b...Reuters
Wed, Jul 23
Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals
July 23 (Reuters) - Chevron CVX.N cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday.According to a Worker Adjustment & Retraining Notification dated July 18, the U.S. energy major laid off the empl...Reuters
Wed, Jul 23
White House says WSJ report on Trump being told name in Epstein files "fake news"
WASHINGTON, July 23 (Reuters) - The Wall Street Journal's report that the Justice Department informed Donald Trump in May about his name being in the Epstein files is a continuation of "fake news stories" against the U.S. president, the White House said on Wednesday."This is nothing ...Reuters
Wed, Jul 23
US House Democrats raise concerns about T-Mobile role in Trump Mobile service
By David Shepardson WASHINGTON, July 23 (Reuters) - Three Democrats on the House Energy and Commerce Committee raised serious concerns about T-Mobile's TMUS.O involvement in the Trump Organization's self-branded mobile service and a $499 smartphone dubbed Trump Mobile.Representatives Fran...Reuters
Wed, Jul 23
BP's Castrol unit gets One Rock Capital Partners' bid, Bloomberg News reports
July 23 (Reuters) - One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's BP.L Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter.One Rock Capital Partners declined to comment on the report.Reuters
Wed, Jul 23
Venezuelan makeup artist returns home, describes torture during El Salvador detention
Hernandez alleges torture, abuse in El Salvador's CECOT prisonTrump used Alien Enemies Act for deportation, sparking legal battlesConcerns for Hernandez's safety in Venezuela due to LGBTQ persecutionBy Tathiana Ortiz CAPACHO, Venezuela, July 23 (Reuters) - A makeup artist who became the f...Reuters
Wed, Jul 23
Zelenskiy vows to protect Ukraine's anti-corruption agencies, bows to protests
Thousands take to the streets in second day of protestsLaw prompted rare harsh criticism from European alliesZelenskiy acknowledges uproar: 'We hear society'By Olena Harmash and Dan Peleschuk KYIV, July 23 (Reuters) - Ukraine's President Volodymyr Zelenskiy vowed on Wednesday to retai...Reuters
Wed, Jul 23
