News
Important Only
Starboard nominates four directors to Kenvue's board
Adds Kenvue's statement in paragraph 2 Feb 5 (Reuters) - Starboard Value has nominated four directors to the board of consumer products maker Kenvue KVUE.N, months after the activist investor criticized lackluster performance in a core segment.Kenvue said its board was reviewing Starboard'...Reuters
Wed, Feb 5
German activists sue X demanding election influence data
By Thomas EscrittBERLIN, Feb 5 (Reuters) - Activist groups have sued Elon Musk's social media platform X in a Berlin court, accusing it of breaking European law by not giving them the information they need to track disinformation online ahead of Germany's Feb. 23 national election.The two gr...Reuters
Wed, Feb 5
ECB's Centeno hopes key interest rate will drop to 2% sooner, not later
By Sergio Goncalves and Andrei Khalip LISBON, Feb 5 (Reuters) - The European Central bank may need to cut interest rates below a neutral level to stimulate economic growth as inflation is at risk of falling below the bank's 2% target, ECB policymaker Mario Centeno told Reuters on Wednesday.Wi...Reuters
Wed, Feb 5
GIC Re posts 110% 9M CR as UW loss narrows
By Ryan HewlettFeb 5 - (The Insurer) - India’s state-backed reinsurer GIC Re narrowed its underwriting loss for the nine months to 31 December 2024 as it reported a combined ratio of 110.5 percent.Combined ratio improves 7.4 pts to 110.5% for 9MGWP rises 6.9% to INR30,787 croreUnderwriting loss narr...Reuters
Wed, Feb 5
Soccer-NWSL agrees to $5 million settlement to resolve player abuse probe
By Frank Pingue Feb 5 (Reuters) - The NWSL has agreed to create a $5 million fund to compensate players who experienced abuse and implement reforms to resolve investigations launched by attorneys general for New York, Illinois and Washington D.C. after players came forward with allegations of ha...Reuters
Wed, Feb 5
Loon-like waterfowl from dinosaur-era Antarctica is oldest 'modern' bird
Skull of ancient bird Vegavis is 69 million years oldKey traits define Vegavis as anatomically modern birdAntarctica had a temperate climate during Cretaceous PeriodBy Will Dunham Feb 5 (Reuters) - Near the end of the age of dinosaurs, a bird resembling today's loons and grebes dove for fish ...Reuters
Wed, Feb 5
Google says commercial quantum computing applications arriving within five years
Others have predicted applications much farther outQuantum computing theoretically outperforms traditional computersUses could include materials science, new energyBy Max A. Cherney SAN FRANCISCO, Feb 5 (Reuters) - Google GOOGL.O aims to release commercial quantum computing applications withi...Reuters
Wed, Feb 5
Google introduces new class of cheap AI models as cost concerns intensify
By Kenrick Cai SAN FRANCISCO, Feb 5 - Alphabet's GOOGL.O Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with competitive pricing to low-cost artificial intelligence models like that of Chinese rival DeepSeek.The tech giant off...Reuters
Wed, Feb 5
US House Speaker Johnson praises Trump's Gaza initiative
WASHINGTON, Feb 5 (Reuters) - Republican U.S. House of Representatives Speaker Mike Johnson on Wednesday praised President Donald Trump's proposal for the U.S. to take over war-torn Gaza and said House Republicans would "stand with" Trump on his initiative.Johnson also told a weekly news...Reuters
Wed, Feb 5
Kroger Health resumes tie-up with Cigna's Express Scripts after two years
Adds background in paragraph 3, Express Scripts comment in paragraph 5 Feb 5 (Reuters) - Kroger's KR.N healthcare unit said on Wednesday it would resume services for customers of Cigna's CI.N pharmacy benefits manager Express Scripts, more than two years after ending an agreement with the...Reuters
Wed, Feb 5
One80 partners with AVMA Trust on veterinarian professional liability program
By Mia MacGregorFeb 5 - (The Insurer) - Boston-based One80 Intermediaries, through its subsidiary Pearl Insurance, has partnered with the AVMA Trust professional liability program to expand veterinarian practice insurance offerings.The AVMA Trust, which serves members of the American Veterinary Medi...Reuters
Wed, Feb 5
BRIEF-HKSAR Gov't Expresses "Strong Dissatisfaction" With U.S. Tariff Policy, Xinhua Reports
Feb 5 (Reuters) - Xinhua:HKSAR GOV'T EXPRESSES "STRONG DISSATISFACTION" WITH U.S. TARIFF POLICYSPOKESPERSON FOR HKSAR GOVERNMENT SAID IMPOSITION OF ADDITIONAL DUTY ON HK PRODUCTS "IGNORES" HONG KONG IS A SEPARATE CUSTOMS TERRITORYWE WILL TAKE ALL POSSIBLE ACTIONS TO DEFEND LEGITI...Reuters
Wed, Feb 5
KKR to up direct stakes in trio of companies including USI as Chubb co-invests
By David BullFeb 5 - (The Insurer) - Giant fund manager KKR is increasing its direct holdings in broker USI and two other companies by around $1.1bn in the aggregate, with Chubb broadly matching the investment by contributing an additional $1.0bn.In its earnings presentation on Tuesday the firm said...Reuters
Wed, Feb 5
Novo Nordisk defends next-gen obesity drug CagriSema, details new trial
CagriSema drug key to Novo's efforts to find Wegovy successorNovo gives details on trial data that wiped $125 bln off sharesNew CagriSema trial will be longer and have flexible dosing-execShares up 4.2% at 1527 GMTAdds Novo shareholders' reaction to investor call in paragraphs 14-16, updates...Reuters
Wed, Feb 5
Human Rights Watch: displacing Palestinians would be moral abomination
GENEVA, Feb 5 (Reuters) - Displacing Palestinians would be a moral abomination, Human Rights Watch Israel and Palestine director said on Wednesday in response to a proposal from President Donald Trump for the United States to take over Gaza."It would be a moral abomination," Omar Shakir, fro...Reuters
Wed, Feb 5
Markel Canada promotes Laidlaw to SVP of underwriting
By Isha MaratheFeb 5 - (The Insurer) - Markel Canada has appointed Cliff Laidlaw, currently vice president and product line leader in its P&C market, as senior vice president of underwriting. Laidlaw, who joined Markel Canada in 2019, has over 15 years of experience in the industry. He held sev...Reuters
Wed, Feb 5
AFG Q4 specialty P&C CR deteriorates 130bps to 89% on specialty casualty adverse PYD
By Chris MunroFeb 4 - (The Insurer) - American Financial Group (AFG)’s Q4 2024 specialty P&C combined ratio deteriorated by 1.3 percentage points to 89.0 percent as adverse reserve development in specialty casualty offset improved underwriting results in its property and transportation (P&T)...Reuters
Wed, Feb 5
USAA projects $1.8bn in California wildfire losses
By Isha MaratheFeb 5 - (The Insurer) - USAA has already made $1bn in payments to its members from January's Los Angeles wildfires, with the military community insurer projecting it will pay out a total of $1.8bn.USAA said that 86 percent of its wildfire claims have received initial payments, &#...Reuters
Wed, Feb 5
Rebels in Congo capture town despite ceasefire, sources say
Rebels said to have captured eastern townGovernment says its forces resist advanceMineral resources at stakeRed Cross says warehouse looted GOMA, Democratic Republic of Congo, Feb 5 (Reuters) - Rwandan-backed M23 rebels have seized control of the town of Nyabibwe in eastern Democratic Republic o...Reuters
Wed, Feb 5
Poland says it will appeal after EU court dismisses complaints over fines
Add Poland's decision to appeal to the EJC in paragraphs 1-2Feb 5 (Reuters) - Poland will appeal to the EU Court of Justice over European Union fines related to judicial reforms introduced by the previously ruling Law and Justice government, Poland's minister of EU affairs Adam Szlapka said ...Reuters
Wed, Feb 5
