News
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O'Reilly Automotive's fourth-quarter revenue rises
Feb 5 (Reuters) - Auto parts distributor O'Reilly Automotive Inc ORLY.O reported a higher fourth-quarter revenue on Wednesday, as customers favor repairs over purchasing new vehicles.The trend of higher borrowing costs and increasing prices of new vehicles continues to drive consumers towards ma...Reuters
Wed, Feb 5
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Feb 5 (Reuters) - Cognizant Technology Solutions CTSH.O forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy.Persistent high capital costs continue to strain IT spending, pr...Reuters
Wed, Feb 5
Column: New wave of investor lawsuits targets 'AI washing'
The opinions expressed here are those of the author, a columnist for Reuters.By Jenna Greene Feb 5 (Reuters) - In the sometimes-formulaic world of securities class action litigation, there’s a buzzy new reason for shareholders to sue: "AI washing."Lawsuits alleging companies misled shareh...Reuters
Wed, Feb 5
Aflac's fourth-quarter profit misses on Japan unit weakness
Feb 5 (Reuters) - Aflac AFL.N reported a fourth-quarter profit on Wednesday that missed Wall Street estimates, hurt by weakness in the health and life insurer's Japan unit.The company provides accident and pet insurance plans through its units in the U.S. and Japan. It also offers supplemental i...Reuters
Wed, Feb 5
BRIEF-Fatpipe Inc - IPO Price Expected Between $5.75 And $7.75 Per Share
Feb 5 (Reuters) - Fatpipe Inc FATN.O:FATPIPE INC - IPO PRICE EXPECTED BETWEEN $5.75 AND $7.75 PER SHAREFATPIPE INC: SEES IPO OF UP TO 740,740 SHARES - SEC FILINGFATPIPE INC: ADDS D BORAL CAPITAL LLC AS UNDERWRITER TO IPO; REMOVES ROTH CAPITAL PARTNERS AS UNDERWERITERSource text: [ID:n0001493152-25-...Reuters
Wed, Feb 5
BRIEF-IBM Files For Offering Of $1 Billion 4.650% Notes Due 2028
Feb 5 (Reuters) - International Business Machines Corp IBM.N:IBM FILES FOR OFFERING OF $1 BILLION 4.650% NOTES DUE 2028, $1 BILLION 4.800% NOTES DUE 2030 -SEC FILINGIBM FILES FOR OFFERING OF $850 MILLION 5.000% NOTES DUE 2032, $900 MILLION 5.200% NOTES DUE 2035, $1 BILLION 5.700% NOTES DUE 2055Sourc...Reuters
Wed, Feb 5
Rubio says US identifying USAID programs to be exempted from shutdown
Rubio says exemptions will be issued to some USAID programsTrump's freeze halts most US foreign aid work Waiver criteria includes alignment with US interests By Simon Lewis and Humeyra Pamuk GUATEMALA CITY/WASHINGTON, Feb 5 (Reuters) - U.S. Secretary of State Marco Rubio said on Wednesday the...Reuters
Wed, Feb 5
BRIEF-AGF Reports January 2025 Assets Under Management And Fee-Earning Assets
Feb 5 (Reuters) - AGF Management Ltd AGFb.TO:AGF REPORTS JANUARY 2025 ASSETS UNDER MANAGEMENT AND FEE-EARNING ASSETSAGF MANAGEMENT LTD - REPORTS TOTAL AUM AND FEE-EARNING ASSETS OF $54.4 BILLION AS AT JANUARY 31Source text: ID:nGNX6rpzlfFurther company coverage: [AGFb.TO]Reuters
Wed, Feb 5
With US House stymied, Senate Republicans prepare to move on Trump agenda
Senate Republicans plan $300 billion for border security, militaryGraham expects budget resolution markup to start next weekHouse Republicans struggle with infighting over spending cutsAdds context on tax fight, paragraphs 2-3, and House GOP reaction in paragraphs 10-12By David Morgan WASHINGTON,...Reuters
Wed, Feb 5
BRIEF-Pepsico Files For Offering Of $500 Million 4.400% Senior Notes Due 2027
Feb 5 (Reuters) - PepsiCo Inc PEP.O:PEPSICO FILES FOR OFFERING OF $500 MILLION 4.400% SENIOR NOTES DUE 2027, $750 MILLION 4.450% SENIOR NOTES DUE 2028 -SEC FILINGPEPSICO: FILES FOR OFFERING OF $1 BILLION 4.600% SENIOR NOTES DUE 2030; $1.25 BILLION 5.000% SENIOR NOTES DUE 2035Source text: [ID:n000110...Reuters
Wed, Feb 5
BRIEF-Royalty Management Holding Kirk Taylor Resigns As CFO Of Royalty Management
Feb 5 (Reuters) - Royalty Management Holding Corp RMCO.O:ROYALTY MANAGEMENT HOLDING CORP - KIRK TAYLOR RESIGNS AS CFO OF ROYALTY MANAGEMENTROYALTY MANAGEMENT HOLDING CORP - AMANDA KRUSE APPOINTED AS CFO OF ROYALTY MANAGEMENTSource text: [ID:n0001477932-25-000729]Further company coverage: RMCO.OReuters
Wed, Feb 5
BRIEF-LeddarTech Announces Listing Transfer To The Nasdaq Capital Market
Feb 5 (Reuters) - LeddarTech Holdings Inc. LDTC.O:LEDDARTECH ANNOUNCES LISTING TRANSFER TO THE NASDAQ CAPITAL MARKET; COMMENTS ON RECENT POSITIVE BUSINESS DEVELOPMENTSSource text: ID:nGNX2HvXYYFurther company coverage: LDTC.OReuters
Wed, Feb 5
BRIEF-American Healthcare REIT President & CEO, Danny Prosky, Named Healthcare Real Estate Insights 2024 Executive Of The Year
Feb 5 (Reuters) - American Healthcare REIT Inc AHR.N:AMERICAN HEALTHCARE REIT PRESIDENT & CEO, DANNY PROSKY, NAMED HEALTHCARE REAL ESTATE INSIGHTS™ 2024 EXECUTIVE OF THE YEARSource text: ID:nPn630RBraFurther company coverage: AHR.NReuters
Wed, Feb 5
Markel to conduct business review, estimates $90mn-$130mn wildfires loss, improves Q4 CR to 95.7%
By Michael LoneyFeb 5 - (The Insurer) - Markel has reported an improved combined ratio for the fourth quarter and full-year 2024, provided a $90mn to $130mn estimate for January’s California wildfires and revealed it will conduct a review of its business.After markets closed on Wednesday, Richmond, ...Reuters
Wed, Feb 5
CFO of Office of Personnel Management is resigning, ABC News reports
Feb 5 (Reuters) - The chief financial officer of the federal government's Office of Personnel Management - the U.S. government human resources agency - is resigning after being pushed out of the role, an ABC News reporter said on X, citing sources familiar with the move.Aides to billionaire Elon...Reuters
Wed, Feb 5
US Treasury's payment system 'not being touched' by Musk's DOGE, Bessent says
Adds quotes on other agencies stopping Treasury payments, Musk's government efficiency drive, paragraphs 4-7 WASHINGTON, Feb 5 (Reuters) - The U.S. Treasury's payment system won't be touched by Elon Musk's government efficiency team, Treasury Secretary Scott Bessent told Fox Busin...Reuters
Wed, Feb 5
