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Citi sticks to hybrid working, bucks return-to-office trend, FT reports
Adds Citi's response in paragraph 3 Feb 4 (Reuters) - Citigroup C.N CEO Jane Fraser has informed top executives the bank will stick to its hybrid work schedule, the Financial Times reported on Tuesday citing people familiar with the matter. The bank is deviating from the norm on Wall Street, ...Reuters
Tue, Feb 4
Generali to realise €1bn profit from BPCE asset management combination
By Rebecca DelaneyFeb 4 - (The Insurer) - The combination of Generali's asset management division with BPCE's Natixis Investment Managers is expected to generate a realised profit for the Italian insurance group of around €1bn ($1.03bn) at closing, which would be neutral for the calculation ...Reuters
Tue, Feb 4
Air Products names former Linde executive as CEO after Seifi Ghasemi steps down
Feb 4 (Reuters) - Industrial gases manufacturer Air Products APD.N said on Tuesday it has named former Linde LIN.DE executive Eduardo Menezes as its CEO and will succeed Seifi Ghasemi effective Feb. 7, amid pressure from activist investors.
Reuters
Tue, Feb 4
Trump expected to reimpose "maximum pressure" on Iran, official says
WASHINGTON, Feb 4 (Reuters) - U.S. President Donald Trump is expected to sign a presidential memorandum on Tuesday that restores his "maximum pressure" campaign on Iran and aims to deny Iran all paths to a nuclear weapon, a U.S. official said.The official told Reuters that Trump's direct...Reuters
Tue, Feb 4
Triumvirate Environmental valued at $1.8 bln after investment
Adds investment details in paragraph 3 and 4, background in paragraph 6Feb 4 (Reuters) - Commercial waste management company Triumvirate Environmental said on Tuesday it was valued at $1.8 billion after an investment from private equity firm Berkshire Partners, alongside its CEO and founder, John Mc...Reuters
Tue, Feb 4
Shein, Temu, Amazon Haul set for price hikes as US shuts trade loophole
Prices of Temu, Shein, Amazon Haul goods likely to riseTemu, Shein make up 30% of de minimis parcels entering USBoth sites have adapted supply chains in preparationSmall and medium online retailers also face big impactBy Arriana McLymore and Helen Reid NEW YORK/LONDON, Feb 4 (Reuters) - Shein, Te...Reuters
Tue, Feb 4
Investors in two more UK trusts reject activist Saba's campaign
Adds result of second trust vote, context throughout LONDON, Feb 4 (Reuters) - Shareholders in two more British investment trusts dealt a further blow to Saba Capital's campaign to shake up the UK's 269 billion-pound ($334 billion) trust sector on Tuesday, after rejecting the U.S. act...Reuters
Tue, Feb 4
Back in the USSR: Putin revives Soviet-era 'Eurovision' with new allies
By Guy Faulconbridge MOSCOW, Feb 4 (Reuters) - Russian President Vladimir Putin has ordered a revival of the Soviet answer to the Eurovision Song Contest in an effort to counter what he says is the decadence of modern Western culture.Putin signed a decree on Monday for the Intervision Song Conte...Reuters
Tue, Feb 4
BRIEF-Apollo CEO Expects More Consolidation Among Regional Banks Under Trump Administration - Conf Call
Feb 4 (Reuters) - Apollo Global Management Inc APO.N:APOLLO CEO MARC ROWAN SAYS CO SAW INFLOWS OF $9 BILLION IN ATHENE IN JANUARY - CONF CALLAPOLLO CEO SAYS ATHENE INFLOWS MIGHT NOT STAY AT THE SAME LEVEL AS JANUARY THROUGH THE YEARAPOLLO EXEC SAYS BUSINESS IS TRACKING WELL TO 2029 GOALSAPOLLO CEO E...Reuters
Tue, Feb 4
PRESS DIGEST-Canada - Feb 4
Feb 4 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL** National Bank of Canada CEO Laurent Ferreira has accelerated the Montreal lender's reach into the Western p...Reuters
Tue, Feb 4
Thermon Group Holdings Inc expected to post earnings of 55 cents a share - Earnings Preview
Thermon Group Holdings Inc THR.N, THR is expected to show a rise in quarterly revenue when it reports results on February 6 for the period ending December 31 2024The Austin Texas-based company is expected to report a 1.8% increase in revenue to $138.907 million from $136.43 million a year ago, acc...Reuters
Tue, Feb 4
Xcel Energy Inc expected to post earnings of 87 cents a share - Earnings Preview
Xcel Energy Inc XEL.OQ XEL.O is expected to show a rise in quarterly revenue when it reports results on February 6 for the period ending December 31 2024The Minneapolis Minnesota-based company is expected to report a 9.6% increase in revenue to $3.774 billion from $3.44 billion a year ago, accordi...Reuters
Tue, Feb 4
PepsiCo forecasts weak annual profit as US snack, soda demand dips
PepsiCo misses Q4 revenue estimatesCo plans product overhauls, new offerings to boost demandFrito-Lay North America sees 3% volume declineUpdates shares in paragraph 2 and adds investor comment in paragraph 12By Ananya Mariam RajeshFeb 4 (Reuters) - PepsiCo PEP.O forecast annual profit below expecta...Reuters
Tue, Feb 4
REFILE-Three Canadian Western Bank executives to leave after National Bank takeover
Refiles to add missing words in headlineBy Nivedita BaluTORONTO, Feb 4 (Reuters) - Three former Canadian Western Bank CWB.TO executives will be leaving National Bank NA.TO, the new parent company of the Alberta-based lender, following a C$5 billion ($3.47 billion) takeover, according to an internal ...Reuters
Tue, Feb 4
BRIEF-Breach Inlet Capital Announces Intention to Vote Against Daktronics’ Proposed Reincorporation
Feb 4 (Reuters) - Daktronics Inc DAKT.O:BREACH INLET CAPITAL ANNOUNCES INTENTION TO VOTE AGAINST DAKTRONICS’ PROPOSED REINCORPORATIONBREACH INLET CAPITAL MANAGEMENT:"BELIEVES ELIMINATING CUMULATIVE VOTING IS CONTRARY TO BEST INTERESTS OF SHAREHOLDERS"Source text: ID:nBwvrly9aFurther company ...Reuters
Tue, Feb 4
Chess-Freestyle tour boss, Carlsen call for FIDE president's resignation
By Julien Pretot PARIS, Feb 4 (Reuters) - Freestyle Chess Grand Slam tour boss Jan Henric Buettner and all-time great Magnus Carlsen have called on International Chess Federation (FIDE) president Arkady Dvorkovich to resign after talks over an agreement about the new series fell through.Last mont...Reuters
Tue, Feb 4
BRIEF-Greenwave Technology Solutions, Inc. Raises Revenue Guidance to $47-$50 Million for FY 2025
Feb 4 (Reuters) - Greenwave Technology Solutions Inc GWAV.O:GREENWAVE TECHNOLOGY SOLUTIONS, INC. RAISES REVENUE GUIDANCE TO $47-$50 MILLION FOR FY 2025GREENWAVE TECHNOLOGY SOLUTIONS : TARIFFS EXPECTED TO DRIVE 10-20% REVENUE GROWTH ON METAL PRODUCTS WITH 40-45% GROSS PROFIT MARGINSSource text: ID:nP...Reuters
Tue, Feb 4
Trump and Netanyahu to discuss Gaza deal, official says
WASHINGTON, Feb 4 (Reuters) - U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu will discuss the second phase of the Gaza ceasefire deal when they sit down for talks on Tuesday, a senior Trump administration official said.The official, briefing reporters ahead of the talks, s...Reuters
Tue, Feb 4
BRIEF-GE Vernova Nuclear Business Accelerates UK Small Modular Reactor Deployment With MoUs
Feb 4 (Reuters) - GE Vernova Inc GEV.N:GE VERNOVA- CO'S NUCLEAR BUSINESS ACCELERATES UK SMALL MODULAR REACTOR DEPLOYMENT WITH MOUSGE VERNOVA- GE HITACHI NUCLEAR ENERGY SIGNED ANOTHER SERIES OF MOUS WITH TWO MAJOR UK NUCLEAR ENGINEERING FIRMS, BOCCARD AND CAVENDISH NUCLEAFurther company coverage:...Reuters
Tue, Feb 4
