News
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Sean 'Diddy' Combs hit with new criminal indictment - court records
NEW YORK, Jan 30 (Reuters) - Music mogul Sean 'Diddy' Combs was hit with a new criminal indictment in his sex trafficking case, court records showed on Thursday.The three-count indictment contains no additional charges, but references a total of three alleged female victims, compared with on...Reuters
Thu, Jan 30
BRIEF-Borr Drilling Agreed With Major Mexican Customer To Receive Settlement For Approx $125 Mln Related To Outstanding Receivables
Jan 30 (Reuters) - Borr Drilling Ltd BORR.N:BORR DRILLING LTD - AGREED WITH MAJOR MEXICAN CUSTOMER TO RECEIVE PAYMENT SETTLEMENT FOR APPROX $125 MILLION RELATED TO ITS OUTSTANDING RECEIVABLESSource text: ID:nWkr3PKZtLFurther company coverage: BORR.NReuters
Thu, Jan 30
BRIEF-Apple Posts Q1 EPS $2.40 Versus IBES Estimate $2.35
Jan 30 (Reuters) - Apple Inc AAPL.O:APPLE Q1 REVENUE $124.30 BILLION VERSUS IBES ESTIMATE $124.12 BILLIONAPPLE Q1 EPS $2.40 VERSUS IBES ESTIMATE $2.35APPLE Q1 GREATER CHINA NET SALES $18.51 BILLION VERSUS $21.33 BILLION VISIBLE ALPHA CONSENSUSAPPLE Q1 IPHONE NET SALES $69.14 BILLION VERSUS IBES ESTI...Reuters
Thu, Jan 30
Apple profit tops Wall Street target even as iPhone, China sales fall short
Weak iPhone sales due to competition and AI rollout issuesMac and iPad sales exceed expectations, cushioning iPhone sales dropServices business grows 13.9%, surpassing sales estimatesBy Stephen Nellis Jan 30 (Reuters) - Apple AAPL.O beat Wall Street's quarterly profit estimates on Thursday, b...Reuters
Thu, Jan 30
APCIA responds to CA wildfire claims data, calls $4.2bn payout "just a start"
By Mia MacGregorJan 30 - (The Insurer) - The American Property Casualty Insurance Association (APCIA) has issued a statement in response to southern California wildfire claims payment data released by the California Department of Insurance, emphasising that the $4.2bn paid out and 31,210 claims file...Reuters
Thu, Jan 30
Inszone acquires Texas Classic Insurance Agency
By Isha MaratheJan 30 - (The Insurer) - California-based Inszone Insurance Services has acquired Texas Classic Insurance Agency, which serves clients across the Dallas and Fort Worth area from its locations in Granbury and Liberty Hill.The financial terms of the deal were not disclosed. Texas Class...Reuters
Thu, Jan 30
US Treasury Department withdraws from global regulatory climate change group
WASHINGTON, Jan 30 (Reuters) - The U.S. Treasury Department said on Thursday it was withdrawing from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system."The U.S. Department of the Treasury's (Treasury) Federal Insurance Offi...Reuters
Thu, Jan 30
World acquires Arizona-based Stern Insurance Group
By Isha MaratheJan 30 - (The Insurer) - World Insurance Associates has announced that it acquired Scottsdale, Arizona-based Stern Insurance Group (SIG), on 1 December 2024. The financial terms of the deal were not disclosed. SIG specializes in counseling corporations in the areas of employee benefi...Reuters
Thu, Jan 30
BRIEF-Waste Management Targets $450 Mln In Savings From Automation Push & Will Shed 1,000 Jobs This Year - WSJ
Jan 30 (Reuters) - WASTE MANAGEMENT TARGETS $450 MILLION IN SAVINGS FROM AUTOMATION PUSH; WILL SHED 1,000 JOBS THIS YEAR - WSJSource text: https://tinyurl.com/268msag2Further company coverage: WM.NReuters
Thu, Jan 30
Deals of the day-Mergers and acquisitions
Adds Hewlett Packard, Camino Natural Resources, ITVJan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:** The U.S. Department of Justice has sued to block Hewlett Packard Enterprise's HPE.N $14 billion deal to acquire networking gear m...Reuters
Thu, Jan 30
Northvolt's North American division CEO to step down
Jan 30 (Reuters) - Northvolt's co-founder Paolo Cerruti will step down from his role as chief executive officer of its North American division, the Swedish electric-vehicle battery maker said on Thursday.He will retain the role chairman of the board of the Canadian entity, the statement added.Reuters
Thu, Jan 30
Safety National reshuffles leadership team, Morton named president succeeding Csik
By Mia MacGregorJan 30 - (The Insurer) - Safety National Casualty Corporation has announced several changes to its executive management structure, with current president John Csik stepping down and COO Cyndee Morton stepping into the role.After nearly four decades with the company, Csik will retire ...Reuters
Thu, Jan 30
Deckers Outdoor raises annual net sales target again on robust demand
Jan 30 (Reuters) - Deckers Outdoor DECK.N on Thursday raised its annual net sales forecast for a second time, as the footwear maker benefited from strong demand for its Hoka running shoes in the United States during the holiday season.The company now expects annual net sales to increase about 15% to...Reuters
Thu, Jan 30
Visa profit jumps on strong holiday spending
Jan 30 (Reuters) - Visa V.N reported a higher first-quarter profit on Thursday as the world's largest payment processor's customers splurged on everything from travel to dining out during the holiday season.The San Francisco, California-based company posted an adjusted profit of $5.5 billion...Reuters
Thu, Jan 30
CFC consolidates global cyber and proactive teams, promotes Burns and Hart
By Mia MacGregorJan 30 - (The Insurer) - CFC Group has unified its global cyber and proactive teams to enhance consistency across territories, promoting James Burns to global head of cyber and Jason Hart to managing director, proactive and global security services, Cyber Risk Insurer can reveal. Bur...Reuters
Thu, Jan 30
Health Rounds: Old anti-inflammatory may delay colon cancer recurrence
Health Rounds is published on Tuesdays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here.By Nancy LapidJan 30 (Reuters) - Hello, Health Rounds Readers! Today we look at a promising potential new use for an old pain drug ...Reuters
Thu, Jan 30
Law firm Reed Smith launches in Atlanta with nearly 40 lawyers
Adds comments from Greenberg Traurig spokesperson in paragraph 4, corrects Reed Smith founding city in paragraph 2, adds comments from Julie Hardin in paragraph 7By David Thomas Jan 30 (Reuters) - U.S. law firm Reed Smith said on Thursday that it has launched an office in Atlanta after hiring 37 ...Reuters
Thu, Jan 30
BRIEF-Northvolt Says Paolo Cerruti Steps Aside As CEO Of Northvolt North America
Jan 30 (Reuters) - NORTHVOLT : KAREN CHANG WILL STEP IN AS INTERIM CEO OF NORTHVOLT NORTH AMERICANORTHVOLT: PAOLO CERRUTI STEPS ASIDE AS CEO OF NORTHVOLT NORTH AMERICA AND REMAINS CHAIRMAN OF THE BOARD Source text: [https://tinyurl.com/38tb7562]Reuters
Thu, Jan 30
Intel forecasts first-quarter revenue below estimates
Jan 30 (Reuters) - Intel's INTC.O first-quarter revenue forecast on Thursday missed analyst estimates, as the chipmaker grapples with tepid demand for traditional data center chips and declining share in the key personal computer market. As the chipmaker undergoes a historic transition and attem...Reuters
Thu, Jan 30
