News
Important Only
CORRECTED-India finds engine switch movement in fatal Air India crash, no immediate action for Boeing or GE
July 12 (Reuters) - A preliminary report by Indian aviation accident investigators said on Saturday the fatal Air India crash that killed 260 people in Ahmedabad last month showed the plane engines' fuel switches shifting from run to cutoff within seconds of each other. "At this stage of inv...Reuters
Fri, Jul 11
US FDA declines to approve Ultragenyx's gene therapy for rare genetic disorder
July 11 (Reuters) - The U.S. Food and Drug Administration has declined to approve Ultragenyx Pharmaceutical's RARE.O experimental gene therapy to treat a rare genetic disorder, the company said on Friday.Reuters
Fri, Jul 11
Ecuador gang leader 'Fito' accepts extradition to US
QUITO, July 11 (Reuters) - Ecuadorean gang leader Jose Adolfo Macias, known as "Fito," on Friday accepted a court's request to be extradited to the United States to face drug and gun charges. Macias, who escaped from prison in January 2024, was recaptured in late June by security forces ...Reuters
Fri, Jul 11
EU plans new tax on big corporates to boost budget -FT
PARIS, July 11 (Reuters) - Brussels will propose a new tax on companies with a net turnover exceeding 50 million euros ($58.44 million) as part of an effort to generate new financing streams for the European Union’s common budget, the Financial Times report on Friday. The proposal would need the bac...Reuters
Fri, Jul 11
Inside Debt - July 11
To access a PDF version of this newsletter, please click hereYou can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-pageFor an index of our newsletters click on NE...Reuters
Fri, Jul 11
Illinois Governor Pritzker criticizes State Farm over homeowners insurance rate hikes
By Mia MacGregorJuly 11 - (The Insurer) - Illinois Governor JB Pritzker has expressed strong concerns over State Farm's decision to increase homeowners' insurance rates in the state, calling the move unfair and arbitrary.State Farm is raising rates by an average of 27.2%, affecting approxima...Reuters
Fri, Jul 11
Costa Rica ex-security minister charged in US with cocaine smuggling conspiracy
By Kanishka Singh WASHINGTON, July 11 (Reuters) - A former security minister and ex-judge from Costa Rica was charged in the U.S. with conspiracy to import cocaine after being detained by the Central American nation's judicial police in late June following a U.S. extradition request, the U.S....Reuters
Fri, Jul 11
Canadian, Chinese foreign ministers discuss bilateral relations in meeting in Malaysia
OTTAWA, July 11 (Reuters) - Canadian Foreign Minister Anita Anand and Chinese counterpart Wang Yi discussed bilateral relations in a meeting in Kuala Lumpur, Malaysia on Friday, the Canadian foreign ministry said.Anand and Wang spoke about challenges and opportunities in the bilateral relationship a...Reuters
Fri, Jul 11
Ukrainian military to work with US envoy Kellogg next week, Zelenskiy says
U.S. special envoy to spend a week in KyivZelenskiy says working with partners on better arms, joint productionTrump to make announcement on Russia on Monday KYIV, July 11 (Reuters) - The U.S. has resumed military supplies to Ukraine and senior officials in Kyiv will work on military cooperation ...Reuters
Fri, Jul 11
Omnicom Group Inc expected to post earnings of $1.99 a share - Earnings Preview
Omnicom Group Inc OMC.N, OMC is expected to show a rise in quarterly revenue when it reports results on July 15 for the period ending June 30 2025The New York City-based company is expected to report a 2.8% increase in revenue to $3.962 billion from $3.85 billion a year ago, according to the mean ...Reuters
Fri, Jul 11
Hingham Q2 net income rises 129%, core income up 239%
OverviewHingham Institution for Savings' Q2 net income rises 129% yr/yr, core net income up 239%Net interest margin improves to 1.66%Total assets grow 0.4% yr/yr, focus on non-interest-bearing depositsOutlookCompany did not provide specific guidance for future quarters or full year.Company focus...Reuters
Fri, Jul 11
Apple Has Submitted A Bid Worth At Least $150 Million A Year To Stream Formula 1 Races Starting In 2026 - Business Insider
July 11 (Reuters) - APPLE HAS SUBMITTED A BID WORTH AT LEAST $150 MILLION A YEAR TO STREAM FORMULA 1 RACES STARTING IN 2026 - BUSINESS INSIDERAPPLE IS POISED TO WIN THE RIGHTS TO STREAM F1 RACING IN THE US - BUSINESS INSIDERSource text: https://tinyurl.com/2cud8chhReuters
Fri, Jul 11
Loop Industries Inc expected to post a loss of 7 cents a share - Earnings Preview
Loop Industries Inc LOOP.OQ LOOP.O is expected to show a rise in quarterly revenue when it reports results on July 14 (estimated) for the period ending May 31 2025The Terrebonne Quebec-based company is expected to report a 20,516.7% increase in revenue to $1.237 million from $6 thousand a year ago...Reuters
Fri, Jul 11
Italy's Mediobanca says MPS bid's value a third lower than fair
Centerview, Goldman Sachs, Equita provided fairness opinionMPS/Mediobanca share exchange ratio should be 3.7 not 2.5 Says similar past deals led to goodwill write-downsBy Valentina Za MILAN, July 11 (Reuters) - Mediobanca MDBI.MI on Friday renewed its opposition to Monte dei Paschi's BMPS.MI ...Reuters
Fri, Jul 11
America Movil SAB de CV expected to post earnings of 37 cents a share - Earnings Preview
America Movil SAB de CV AMX.N, AMX is expected to show a rise in quarterly revenue when it reports results on July 22 for the period ending June 30 2025The Mexico City Mexico, D.f.-based company is expected to report a 0.2% increase in revenue to $11.955 billion from $11.93 billion a year ago, acc...Reuters
Fri, Jul 11
Farmers & Merchants Bancorp Inc expected to post earnings of 50 cents a share - Earnings Preview
Farmers & Merchants Bancorp Inc FMAO.OQ FMAO.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 Archbold Ohio-based company is expected to report a 13.4% increase in revenue to $24.243 million from $21.38 milli...Reuters
Fri, Jul 11
