News
Important Only
Chemung Financial reports Q2 net loss
OverviewChemung Financial Q2 net loss of $6.5 mln, compared to net income of $5 mln a year agoCo issued $45 mln in subordinated debt, sold securities for balance sheet repositioningNet interest income rose 5% qtr/qtrOutlookCompany anticipates lower funding costs starting in Q3 2025Company's stra...Reuters
Thu, Jul 17
CORRECTED-Many US employers plan to pare health benefits as weight-loss spending soars
Weight-loss drug costs are top concern for 77% of employersOver half of large employers plan to increase cost-sharingEmployers seek alternatives to pharmacy benefit managers By Amina Niasse NEW YORK, July 16 (Reuters) - More than half of large U.S. employers plan to scale back healthcare benefits...Reuters
Thu, Jul 17
Aspen appoints Welch to newly created group CUO role
By Isha MaratheJuly 17 - (The Insurer) - Aspen Insurance Holdings has appointed John Welch, who joined the (re)insurer from Axa XL in 2023, as group chief underwriting officer, effective August 1.In the newly created role, Welch will lead the oversight, development and execution of Aspen’s underwri...Reuters
Thu, Jul 17
Mangrove approved to assume 32,000 policies from Citizens in Q4
By Isha MaratheJuly 17 - (The Insurer) - The Florida Office of Insurance Regulation has approved Mangrove Property Insurance Company to assume up to 32,000 policies from Citizens Property Insurance Corporation in the fourth quarter.The approval is in connection with Citizens’ policy takeout process...Reuters
Thu, Jul 17
Moody's lifts Argentina rating to 'Caa1'
July 17 (Reuters) - Credit ratings agency Moody's on Thursday upgraded Argentina's rating to 'Caa1' from 'Caa3,' citing improved liquidity and external financing support under a new IMF program. The agency revised its outlook on the South American country to 'stable' ...Reuters
Thu, Jul 17
Bahrain's Gulf Air Signs agreement with Boeing worth up to $4.6 bln to acquire 18 Boeing 787 Dreamliners -Bahraini state news agency
July 17 (Reuters) - BAHRAIN'S STATE NEWS AGENCY BNA:BAHRAIN'S NATIONAL CARRIER GULF AIR ANNOUNCED SIGNING AN AGREEMENT WITH BOEING VALUED AT UP TO $4.6 BILLION TO ACQUIRE 18 BOEING 787 DREAMLINER AIRCRAFTSReuters
Thu, Jul 17
US DOJ fires federal prosecutor Maurene Comey, daughter of ex-FBI head James Comey
Maurene Comey was prosecutor in cases of Sean 'Diddy' Combs and Ghislaine MaxwellJames Comey was fired by Trump in his first term, is currently under investigationBy Sarah N. Lynch and Kanishka Singh WASHINGTON, July 16 (Reuters) - The U.S. Justice Department has fired Maurene Comey, the ...Reuters
Thu, Jul 17
US authors suing Anthropic can band together in copyright class action, judge rules
By Blake Brittain July 17 (Reuters) - A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement can represent writers nationwide whose books Anthropic allegedly pirated to train its AI system.U.S. District Judge Will...Reuters
Thu, Jul 17
US eyes 'back to basics' revamp of G20 when it assumes presidency next year
G20 got its start in late 1990s after financial crisesTrump officials skipping G20 meetings in South AfricaUS wants to trim back group's work to focus on financial issuesBy Andrea Shalal WASHINGTON, July 17 (Reuters) - The United States aims to pare the Group of 20 major economies back to its...Reuters
Thu, Jul 17
Health Rounds: AI expands usefulness of common heart test
By Nancy LapidJuly 17 (Reuters) - Hello Health Rounds Readers! Today we report on yet another way artificial intelligence may improve medical care: It can help identify patients who should get ultrasound exams to look for structural heart problems. We also have new research about how neurons are equ...Reuters
Thu, Jul 17
Simmons beats Q2 adjusted EPS estimates; margin rises
OverviewSimmons Q2 revenue rises 8.6% to $214.2 mln, but misses analysts' expectationsHowever, adjusted EPS of $0.44 beats estimatesNet interest margin rises to 3.06%, fifth consecutive quarterly increaseOutlookCompany focuses on organic growth amid tariff volatilitySimmons sees strong loan pipe...Reuters
Thu, Jul 17
FNB Corp Q2 revenue beats analyst expectations on higher net interest income
OverviewFNB Q2 revenue of $438 mln beats analyst expectations, per LSEG dataEarnings per diluted share reaches $0.36 in Q2, net income totals $130.7 mlnResults driven by margin expansion and growth in net interest incomeResult DriversMARGIN EXPANSION - Record revenue driven by margin expansion, refl...Reuters
Thu, Jul 17
United Bancshares Q2 net income rises
OverviewUnited Bancshares fiscal Q2 net income rises to $3.1 mln, up from $1.8 mlnCo declares $0.23 dividend per share, yielding 3.44%Net interest margin improves to 3.71%, up from 3.12% last yearOutlookCompany plans new digital platform rollout in Q1 2026Result DriversLOAN GROWTH - Co reports $22.3...Reuters
Thu, Jul 17
RLI casualty vice president Robert Hartje passes away
By Mia MacGregorJuly 16 - (The Insurer) - Robert Hartje, vice president of E&S casualty brokerage at RLI Insurance Company, has passed away.Hartje joined RLI in 2013 as a senior underwriter for excess casualty and held several roles during his 12-year tenure with the company. Earlier in his care...Reuters
Thu, Jul 17
REFILE-US State Department draws criticism for shutting office that brings home deceased diplomats
State Department says duties of OCA have been transferredDemocrats, former diplomats say Trump's layoffs undercut U.S. diplomacyThe closure comes amid the death of a U.S. official abroadBy Humeyra Pamuk WASHINGTON, July 17 (Reuters) - Among the scores of offices the U.S. State Department elim...Reuters
Thu, Jul 17
California appeals court certifies class action against National General alleging bad faith practices
By Isha MaratheJuly 17 - (The Insurer) - The California Court of Appeals has certified a class action lawsuit against Allstate subsidairy National General Insurance Company, in a case alleging that the insurer improperly denied plaintiffs’ car accident claims and rescinded their automobile insuranc...Reuters
Thu, Jul 17
THE DAY AHEAD-North America, July 18
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-pageFor Morning News Call U.S. -- a pre...Reuters
Thu, Jul 17
