News
Important Only
State Department says it will fire more than 1,350 workers in Trump's shake-up of diplomatic corps
WASHINGTON, July 11 (Reuters) - The U.S. State Department will start firing more than 1,350 U.S-based employees on Friday as the administration of President Donald Trump presses ahead with an unprecedented overhaul of its U.S. diplomatic corps, a move critics say will undermine U.S. interest abroad....Reuters
Fri, Jul 11
Golf-LIV Golf takes another swing at world ranking points
July 11 (Reuters) - LIV Golf is making a fresh bid to crack the Official World Golf Ranking (OWGR) after striking out two years ago, setting up another potential showdown over the Saudi Arabia-backed circuit's place in professional golf's pecking order.LIV Golf's request two years ago wa...Reuters
Fri, Jul 11
Paris prosecutor contacts police as probe into social media platform X advances
PARIS, July 11 (Reuters) - The Paris public prosecutor's office said on Friday it had contacted police as it advanced its probe launched earlier in the year against Elon Musk's X social media platform over alleged algorithmic bias.The investigations will focus on suspicion of "tampering ...Reuters
Fri, Jul 11
Deals of the day-Mergers and acquisitions
July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Private equity-backed broker Alkeme Insurance has acquired California-based employee benefits and insurance provider Icon Benefits and Insurance Services.nL6N3T80FX ** Australi...Reuters
Fri, Jul 11
Property pricing trajectory and casualty loss trends in focus as Q2 earnings season begins
July 11 - (The Insurer) - While there continues to be plenty of discussion about macroeconomic forces and their potential impact on the P&C sector, the focus of investors as the Q2 earnings season gets underway next week is likely to rest on market conditions, especially the softeni...Reuters
Fri, Jul 11
BMW CEO hopeful for 'manageable' deal on US auto import tariffs
MUNICH, July 11 (Reuters) - BMW's BMWG.DE CEO said on Friday he was optimistic that the European Union and the United States would soon reach a "manageable" agreement on auto import tariffs, potentially including a mechanism to offset imports with exports.Reuters
Fri, Jul 11
Delta Strips Engines Off New Airbus Jets To Overcome Us Shortage- Bloomberg News
July 11 (Reuters) - DELTA STRIPS ENGINES OFF NEW AIRBUS JETS TO OVERCOME US SHORTAGE- BLOOMBERG NEWSDELTA HAS BEEN TAKING PRATT & WHITNEY ENGINES OFF NEW EUROPE-BUILT A321NEOS, SHIPPING THEM BACK TO U.S WITHOUT ANY DUTIES - BLOOMBERG NEWSSource text: https://tinyurl.com/mtjn64n5Reuters
Fri, Jul 11
El Chapo's son Ovidio Guzman expected to plead guilty in US court
By Jack Queen July 11 (Reuters) - A son of imprisoned Mexican drug lord Joaquin “El Chapo” Guzman is expected to plead guilty on Friday in a sprawling drug trafficking case targeting the notorious Sinaloa Cartel. Ovidio Guzman Lopez, 35, is due in Chicago federal court for a change of plea he...Reuters
Fri, Jul 11
DIARY-Political and General News Events from July 11
July 11 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY --------...Reuters
Fri, Jul 11
UN report urges stronger measures to detect AI-driven deepfakes
By Olivia Le Poidevin GENEVA, July 11 (Reuters) - Companies must use advanced tools to detect and stamp out misinformation and deepfake content to help counter growing risks of election interference and financial fraud, the United Nations’ International Telecommunication Union urged in a report o...Reuters
Fri, Jul 11
TIMELINE-Trump's trade war as it unfolds
July 11 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments:February 1 - Trump imposes 25% tariffs on Mexican and most C...Reuters
Fri, Jul 11
SageSure and carrier partners close $100 million Gateway Re catastrophe bond
By Mia MacGregorJuly 11 - (The Insurer) - Catastrophe MGU SageSure and carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange have closed the Gateway Re Series 2025-3 catastrophe bond at $100 million.With this issuance, the SageSure-supported Gateway Re series now has m...Reuters
Fri, Jul 11
Alkeme buys California-based Icon Benefits and Insurance Services
By Navneeta NandanJuly 11 - (The Insurer) - Private equity-backed broker Alkeme Insurance has acquired California-based employee benefits and insurance provider Icon Benefits and Insurance Services.Alkeme said that the acquisition will expand its offerings and footprint in Southern California.Icon p...Reuters
Fri, Jul 11
Peraso Board Authorizes Exploration Of Strategic Alternatives - SEC Filing
July 11 (Reuters) - Peraso Inc PRSO.O:PERASO INC - BOARD AUTHORIZES EXPLORATION OF STRATEGIC ALTERNATIVES - SEC FILINGPERASO INC - EVALUATING PROPOSAL FROM MOBIX LABS - SEC FILINGPERASO INC - PURSUES FUNDING ARRANGEMENTS FOR CASH NEEDS - SEC FILINGSource text: [ID:n0001213900-25-062968]Reuters
Fri, Jul 11
MVB Financial Announces Executive Transition
July 11 (Reuters) - MVB Financial Corp MVBF.O:MVB FINANCIAL CORP. ANNOUNCES EXECUTIVE TRANSITIONMVB FINANCIAL CORP - APPOINTS MICHAEL R. SUMBS AS CFOMVB FINANCIAL CORP - CEO LARRY F. MAZZA TO REASSUME ROLE OF PRESIDENTMVB FINANCIAL CORP - MICHAEL R. SUMBS APPOINTED AS EVP AND CFOReuters
Fri, Jul 11
AngioDynamics Inc expected to post a loss of 12 cents a share - Earnings Preview
AngioDynamics Inc ANGO.OQ ANGO.O is expected to show a rise in quarterly revenue when it reports results on July 15 for the period ending May 31 2025The Latham New York-based company is expected to report a 4.6% increase in revenue to $74.256 million from $70.98 million a year ago, according to th...Reuters
Fri, Jul 11
Smithfield Foods Inc expected to post earnings of 55 cents a share - Earnings Preview
Smithfield Foods Inc SFD.OQ SFD.O is expected to report resultson July 15 (estimated) for the period ending June 30 2025The Smithfield Virginia-based company is expected to report revenue of $3.63 billion, according to the mean estimate from 3 analysts, based on LSEG data.LSEG's mean analyst e...Reuters
Fri, Jul 11
United Fire completes $30 million private note offering
July 11 - (The Insurer) - United Fire Group has completed a private placement of $30 million in senior unsecured 9.0% Series B notes due May 31, 2039, in a private offering with Ares Alternative Credit funds.The proceeds from this offering will be allocated to support anticipated growth and general ...Reuters
Fri, Jul 11
EU pressing Israel to improve Gaza humanitarian situation, top diplomat says
By Danial Azhar KUALA LUMPUR, July 11 (Reuters) - The European Union is seeking ways to put pressure on Israel to improve the humanitarian situation in Gaza, its top diplomat said, as member states weighed action against Israel over what they see as potential human rights violations. Th...Reuters
Fri, Jul 11
Community Trust Bancorp Inc expected to post earnings of $1.27 a share - Earnings Preview
Community Trust Bancorp Inc CTBI.OQ CTBI.O is expected to show a rise in quarterly revenue when it reports results on July 15 (estimated) for the period ending June 30 2025The Pikeville Kentucky-based company is expected to report a 10.8% increase in revenue to $68 million from $61.39 million a ye...Reuters
Fri, Jul 11
