News
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Deals of the day-Mergers and acquisitions
July 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Brazilian pension fund Previ said it sold its minority stake in Brazilian meat processor BRF BRFS3.SA for 1.9 billion reais ($340.31 million), ending a 31-year investment in the group,...Reuters
Mon, Jul 14
FlexShopper Inc expected to post earnings of 3 cents a share - Earnings Preview
FlexShopper Inc FPAY.OQ FPAY.O is expected to show a rise in quarterly revenue when it reports results on July 16 (estimated) for the period ending March 31 2025The Boca Raton Florida-based company is expected to report a 5.4% increase in revenue to $35.774 million from $33.94 million a year ago,...Reuters
Mon, Jul 14
Selective Insurance Group Inc expected to post earnings of $1.51 a share - Earnings Preview
Selective Insurance Group Inc SIGI.OQ SIGI.O is expected to show a rise in quarterly revenue when it reports results on July 16 (estimated) for the period ending June 30 2025The Branchville New Jersey-based company is expected to report a 8.2% increase in revenue to $1.326 billion from $1.23 bill...Reuters
Mon, Jul 14
South Plains Financial Inc expected to post earnings of 77 cents a share - Earnings Preview
South Plains Financial Inc SPFI.OQ SPFI.O is expected to show a rise in quarterly revenue when it reports results on July 16 for the period ending June 30 2025The Lubbock Texas-based company is expected to report a 7.0% increase in revenue to $52.018 million from $48.6 million a year ago, accordi...Reuters
Mon, Jul 14
Girardi law firm CFO gets 65-month sentence in client funds case
By David Thomas July 14 (Reuters) - A federal judge in Chicago on Monday sentenced the former chief financial officer of California lawyer Tom Girardi's law firm Girardi Keese to 65 months in prison for his role in the misappropriation of millions of dollars in client funds, which were owed t...Reuters
Mon, Jul 14
Zelenskiy thanks Trump for readiness to support Ukraine, work together for peace
July 14 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Monday he had spoken to U.S. President Donald Trump and thanked him for his readiness to support Ukraine ."It was a very good conversation. I thanked him for his readiness to support Ukraine and to continue working together to s...Reuters
Mon, Jul 14
Cognition AI to buy Windsurf, doubling down on AI-driven coding
July 14 (Reuters) - Artificial intelligence startup Cognition AI on Monday agreed to acquire Windsurf, an integrated development environment platform, strengthening its position in the rapidly evolving enterprise software market.The deal follows Google's $2.4 billion deal with Windsurf last week...Reuters
Mon, Jul 14
BoE's Bailey says global cooperation is needed for financial stability
LONDON, July 14 (Reuters) - Bank of England Governor Andrew Bailey stressed the importance of international cooperation to achieve finance stability, saying in a letter to G20 policymakers on Monday that uncertainty continued to weigh on global growth expectations. Bailey, who chairs the f...Reuters
Mon, Jul 14
US Supreme Court clears way for Trump to gut Education Department
WASHINGTON, July 14 (Reuters) - The U.S. Supreme Court on Monday cleared the way for President Donald Trump's administration to resume dismantling the Department of Education, part of his bid to shrink the federal government's role in education in favor of more state control.In the latest hi...Reuters
Mon, Jul 14
Egypt says Israel-EU agreement has not increased aid to Gaza
BRUSSELS, July 14 (Reuters) - Egypt's foreign minister said on Monday that the flow of aid into Gaza has not increased despite an agreement last week between Israel and the European Union that should have had that result. "Nothing has changed (on the ground)," Egyptian Foreign Mi...Reuters
Mon, Jul 14
Trump to unveil $70 billion in AI and energy investments
PITTSBURGH, July 14 (Reuters) - U.S. President Donald Trump will announce $70 billion in artificial-intelligence and energy investments on Tuesday, according to a White House official and a person familiar with the initiatives. Trump will reveal details of these new initiatives at an event near Pitt...Reuters
Mon, Jul 14
Marsh McLennan tops AM Best broker ranking for 15th straight year
By Ashish TiwariJuly 14 - (The Insurer) – Marsh McLennnan held onto the top spot in AM Best's annual ranking of the world's largest insurance brokers, ahead of Aon and Arthur J Gallagher in the second and third positions, respectively. Marsh McLennan ranked first in AM Best's 2025 editio...Reuters
Mon, Jul 14
US delays rule on Gulf of Mexico whale protections by two years
July 14 (Reuters) - The National Marine Fisheries Service will delay a final rule designating protections for the endangered Rice's whale in the oil and gas drilling region of the Gulf of Mexico by two years, according to an agreement with environmental groups filed in a federal court.The agreem...Reuters
Mon, Jul 14
QBE Bermuda hires Aspen's Savory after receiving class 4 licenses
By Isha MaratheJuly 14 - (The Insurer) - QBE Bermuda has hired Saadia Savory, former vice president, casualty manager at Aspen Bermuda, to build out its presence on the island.“After receiving Class 4 licences last year, our Bermudian captive reinsurers QBE Capital Ltd and QBE Capital (Global) Ltd ...Reuters
Mon, Jul 14
Trucordia acquires Idaho's Fuhriman Insurance Business
By Isha MaratheJuly 14 - (The Insurer) - Trucordia has acquired Fuhriman Insurance Business, a provider of auto, home, commercial, life, umbrella, renters, workers compensation, toys and pest control products based in Boise, Idaho.The financial terms of the deal were not disclosed. "(Fuhriman&#...Reuters
Mon, Jul 14
Meta's Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push
Meta building several multi-gigawatt AI data centersCompany has formed Superintelligence Labs to unify AI effortsCEO Zuckerberg has been leading a talent war for top engineersOne of Meta's AI superclusters will rival Manhattan in sizeBy Jaspreet Singh and Aditya Soni July 14 (Reuters) - Mark ...Reuters
Mon, Jul 14
Meta's New Superintelligence Lab Is Discussing Major A.I. Strategy Changes - NYT
July 14 (Reuters) - META'S NEW SUPERINTELLIGENCE LAB IS DISCUSSING MAJOR A.I. STRATEGY CHANGES - NYTMETA'S NEW CHIEF A.I. OFFICER, DISCUSSED ABANDONING THE COMPANY'S MOST POWERFUL OPEN SOURCE A.I. MODEL, CALLED BEHEMOTH - NYTSource text: https://tinyurl.com/47p7da6pReuters
Mon, Jul 14
