News
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BofA to buy $9 bln residential mortgage loan from Canada's TD, source says
Feb 7 (Reuters) - Bank of America BAC.N has agreed to buy a $9 billion portfolio of residential mortgage loans from Canadian lender Toronto-Dominion Bank TD.TO, a source familiar with the matter said on Friday.Reuters
Fri, Feb 7
Axis adds Swiss Re's Siravo as NA head of ceded re
By Isha MaratheFeb 7 - (The Insurer) - Axis Capital has hired Emilia Siravo, former head of intra-group retrocession and process management at Swiss Re, as head of ceded reinsurance for North America.Siravo has more than 20 years of experience in the industry. Before Swiss Re, where she spent over ...Reuters
Fri, Feb 7
US Treasury to tap Musk ally for senior post, Washington Post says
Feb 7 (Reuters) - Tom Krause, the deputy of Elon Musk's Department of Government Efficiency (DOGE), is slated to become the financial assistant secretary of the U.S. Treasury Department, the Washington Post reported on Friday.Krause, who is also the CEO of Cloud Software Group, will replace Davi...Reuters
Fri, Feb 7
AM Best takes Topa off negative review after takeover cancelled
By Michael LoneyFeb 7 - (The Insurer) - AM Best has removed from under review with negative implications and affirmed Topa Insurance Company’s financial strength rating (FSR) of B++ (Good) following an agreement for the Calabasas, California-based carrier being cancelled.The rating agency also remov...Reuters
Fri, Feb 7
US interest boosts Greenland's independence bid in talks with Denmark, party says
Independence key focus in upcoming election Trump's comments have fuelled the independence debateNaleraq party seeks quick secession talks with Denmark after electionNaleraq aims for a defence agreement with the US and "free association" statusBy Jacob Gronholt-Pedersen NUUK, Greenlan...Reuters
Fri, Feb 7
Dismantling of USAID leaves no staff to process aid waivers, sources say
By Leah Douglas, Lisa Baertlein, Jonathan Landay and Patricia Zengerle Feb 7 (Reuters) - The dismantling of USAID by the Trump administration means there are no staff to process waivers submitted by food and other aid organizations hoping to resume operations under humanitarian exemptions to Trum...Reuters
Fri, Feb 7
JPMorgan appoints co-heads of commercial banking Sable and Smith
Adds details, background in paragraphs in 3-7, file photoBy Nupur Anand NEW YORK, Feb 7 (Reuters) - JPMorgan Chase JPM.N appointed Matt Sable and Melissa Smith as co-heads of commercial banking, the largest U.S. lender said on Friday, as it continues to reorganize the unit.The move follows a broa...Reuters
Fri, Feb 7
US FDA approves AbbVie-Pfizer's treatment for intra-abdominal infections
Feb 7 (Reuters) - AbbVie ABBV.N said on Friday that the U.S. Food and Drug Administration approved its drug for complicated intra-abdominal infections, including those caused by drug-resistant bacteria.AbbVie and co-developer Pfizer's PFE.N drug, Emblaveo, is approved in combination with an...
Reuters
Fri, Feb 7
Facebook defends $725 million privacy settlement in US appeals court
By Mike Scarcella Feb 7 (Reuters) - Facebook owner Meta Platforms META.O on Friday urged a U.S. appeals court to uphold a $725 million nationwide class action settlement with users who accused the company of violating their privacy.Meta and lawyers who negotiated the settlement argued that the ac...Reuters
Fri, Feb 7
Staffer with Elon Musk's DOGE amplified white supremacists online
By Alexandra Alper and Raphael SatterWASHINGTON, Feb 7 (Reuters) - One of the people working with billionaire Elon Musk in his efforts to overhaul the U.S. government is a Berkeley-educated computer scientist who has boosted white supremacists and misogynists online.Gavin Kliger lists his job on Lin...Reuters
Fri, Feb 7
US judge to weigh blocking Trump from dismantling USAID
By Nate Raymond Feb 7 (Reuters) - A U.S. judge will consider on Friday whether to temporarily block the Trump administration from dismantling the U.S. Agency for International Development and carrying out plans to put thousands of its workers globally on administrative leave at midnight.U.S. Dist...Reuters
Fri, Feb 7
Amazon cuts reference to diversity from annual report as Trump wages war on DEI
Amazon removes diversity references from annual reportAmazon shifts DEI focus to "proven outcomes" Tech giants face conservative backlash over diversity programsAdds details on Amazon's diversity and inclusion efforts in paragraph 7By Arriana McLymore Feb 7 (Reuters) - Amazon.com AMZN...Reuters
Fri, Feb 7
JPMorgan appoints co-heads of commercial banking Sable and Smith
NEW YORK, Feb 7 (Reuters) - JPMorgan Chase JPM.N appointed Matt Sable and Melissa Smith as co-heads of commercial banking, the largest U.S. lender said on Friday, as it continues to reorganize the unit.The move follows a broader leadership reshuffle last month in which Jennifer Piepszak was named as...Reuters
Fri, Feb 7
Trump delays tariffs on de minimis imports from China
Adds details in paragraphs 2 and 3Feb 7 (Reuters) - U.S. President Donald Trump on Friday made public an order delaying tariffs on de minimis, or low-cost, packages from China until the Commerce Department can confirm that procedures and systems are in place to process packages and collect tariff r...Reuters
Fri, Feb 7
BRIEF-Watts Water Technologies Says Authorized Restructuring Program On Feb 3
Feb 7 (Reuters) - Watts Water Technologies Inc WTS.N:WATTS WATER TECHNOLOGIES INC - ON FEBRUARY 3, AUTHORIZES RESTRUCTURING PROGRAMWATTS WATER TECHNOLOGIES INC - RESTRUCTURING INCLUDES SHUTDOWN OF FOUNDRY IN FRANCEWATTS WATER TECHNOLOGIES INC - NET HEADCOUNT REDUCTION IN FRANCE EXPECTED TO BE 68 POS...Reuters
Fri, Feb 7
Top Trump prosecutor in DC opens probe based on referral from Elon Musk
Trump's top DC prosecutor Martin says Musk has asked him to investigate government employees for stealing property; making threatsMartin's announcement about a probe runs contrary to DOJ internal rulesBy Sarah N. Lynch WASHINGTON, Feb 7 (Reuters) - Ed Martin, President Donald Trump's ...Reuters
Fri, Feb 7
BUZZ-Principal Financial rises on higher Q4 operating profit
** Shares of insurer and asset manager Principal Financial Group PFG.O rise nearly 2% to $81.6 in afternoon trading** Company posts Q4 adjusted operating profit of $1.94 per share vs $1.83 per share a year ago ** PFG's premium and fees from its specialty benefits business climb 4% to $823.6 mill...Reuters
Fri, Feb 7
