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Membership warehouse club operator PriceSmart beats Q3 revenue estimate
OverviewPriceSmart fiscal Q3 revenue rose 7.1% to $1.32 bln, beating estimate, per LSEG dataNet merchandise sales increased 8.0%, with constant currency growth of 9.5%Company evaluating Chile as a potential new market for expansionOutlookCompany evaluating Chile as a potential new market for expansi...Reuters
Thu, Jul 10
PUDO Q1 revenue jumps 64% on growth in returns business
OverviewPUDO fiscal Q1 revenue grows 64% yr/yr, driven by returns businessComprehensive loss for the period decreased by 67.9% yr/yrReturns accounted for 60.6% of revenue, up from 52.4% last yearOutlookCompany sees increasing opportunities in new business and customer expansionPUDO aims to expand U....Reuters
Thu, Jul 10
Levi Strauss lifts annual forecasts on steady denim demand in Europe despite tariff pain
July 10 (Reuters) - Levi Strauss LEVI.N raised its annual revenue and profit forecasts after beating quarterly estimates on Thursday, betting on strong demand for its denims in regions such as Europe in the face of tariff uncertainty.The denim maker's efforts to introduce new styles and collecti...Reuters
Thu, Jul 10
Clock ticks for Jackson Walker, US Trustee in ethics case involving ex-judge
Jackson Walker and a bankruptcy watchdog face tough choices after an ex-partner's judicial romance Quinn Emanuel sues to recoup $30 million in legal feesLatham tops rankings as M&A deal value surges By David Thomas July 10 (Reuters) - (Billable Hours is Reuters' weekly report on lawye...Reuters
Thu, Jul 10
Small businesses have high cyber risk awareness but lack preparedness, Coalition study finds
By Navneeta NandanJuly 10 - (The Insurer) - Cyber insurtech Coalition said that while small businesses are aware of cyber threats, most consider themselves too small to be targeted, leading to limited investment in cybersecurity.In its small business cybersecurity study, Coalition highlighted a disc...Reuters
Thu, Jul 10
Fed considers changes to how it grades big banks
By Pete SchroederWASHINGTON, July 10 (Reuters) - The Federal Reserve on Thursday proposed tweaks to how it evaluates large banks by making it easier for them to be considered "well managed," removing a hurdle for potential acquisitions and other restrictions. The proposal would adjust th...Reuters
Thu, Jul 10
Rubio seeks to counter unease over Trump tariffs on first Asia trip
Rubio says Indo-Pacific a 'focal point of U.S. foreign policy'Ishiba says Japan needs to wean itself off US dependenceU.S. seeks to strengthen ties, counter China's influenceRubio holds second in-person meeting with LavrovRubio, Wang Yi may meet this weekBy Daphne Psaledakis, Rozanna Lat...Reuters
Thu, Jul 10
Williams & Smith Wealth Building Network Raises $110 Mln In Equity Offering
July 10 (Reuters) - Williams & Smith Wealth Building Network: WILLIAMS & SMITH WEALTH BUILDING NETWORK FILES TO SAY IT HAS RAISED $110 MILLION IN EQUITY OFFERING - SEC FILINGSource text: [ID:n0001852160-25-000003]Reuters
Thu, Jul 10
Delaware Supreme Court sides with Zantac drugmakers over evidence
July 10 (Reuters) - Delaware's highest court ruled on Thursday that patients suing drugmakers GSK GSK.L, Pfizer PFE.N, Sanofi SASY.PA and Boehringer Ingelheim cannot introduce reports from several experts to support their claim that the heartburn drug Zantac causes cancer.The decision by the Del...Reuters
Thu, Jul 10
QBE launches liability insurance product for life sciences companies
By Navneeta NandanJuly 10 - (The Insurer) - QBE North America has launched a life sciences product providing liability protection for risks faced by medical product developers, manufacturers and distributors.It provides protection for multiple risks associated with clinical trials, dental and medica...Reuters
Thu, Jul 10
Gunmakers lose appeal of New York public nuisance law
Law exposes gun industry to civil lawsuits for violenceCourt says New York not preempted by 2005 federal lawGun industry exploring legal optionsNew York attorney general hails 'massive victory'By Jonathan Stempel NEW YORK, July 10 (Reuters) - A federal appeals court on Thursday upheld a N...Reuters
Thu, Jul 10
ADVISORY-Alert incorrectly tagged to Harmonic Inc withdrawn
Alert on AI firm Harmonic raising $100 million was inadvertently tagged to broadband delivery solutions provider Harmonic Inc HLIT.O, an unrelated firm, and has been withdrawn.For the correct alert on Harmonic's funding round, click nFWN3T70DD. STORY_NUMBER:nFWN3T70NISTORY_DATE:10/07/202...Reuters
Thu, Jul 10
Indeed, Glassdoor to cut 1,300 jobs amid AI integration, memo shows
July 10 (Reuters) - Recruit Holdings 6098.T, the Japanese parent of Indeed and Glassdoor, will reduce headcount by around 1,300 across the two job sites amid a shift in focus toward artificial intelligence, according to a memo seen by Reuters on Thursday.The cuts — representing about 6% of the HR te...Reuters
Thu, Jul 10
Trading giant Virtu backs plan for IEX's proposed options exchange
July 10 (Reuters) - Trading and market making firm Virtu Financial threw its support behind a proposal by IEX to launch a new U.S. options exchange, saying the initiative could promote competition and innovation.In a letter to the Securities and Exchange Commission dated July 9, Virtu called IEX'...Reuters
Thu, Jul 10
Texas floods highlight progress and peril in US flood forecasting
By Mia MacGregorJuly 10 - (The Insurer) - Flood forecasting and warning systems in the U.S. have improved significantly over the years, but experts warn that progress could stall as climate change drives more severe weather and proposed federal budget cuts threaten critical research and staffing.The...Reuters
Thu, Jul 10
Israeli strike kills children near Gaza clinic with no immediate truce in sight
Sixteen Palestinians killed by airstrike near Gaza clinicIsraeli army says it targeted October 7 militantCeasefire talks continue; no immediate deal in sightBy Crispian Balmer, Nidal al-Mughrabi and Ali Sawafta JERUSALEM/CAIRO, July 10 (Reuters) - An Israeli airstrike hit Palestinians near a medi...Reuters
Thu, Jul 10
EPA must reinstate employees placed on leave for dissent letter, says union
By Leah Douglas WASHINGTON, July 10 - Employees of the U.S. Environmental Protection Agency recently placed on leave after signing a letter critical of the Trump administration's policies should be reinstated, said a union official in a letter to EPA Administrator Lee Zeldin on Thursday. The ...Reuters
Thu, Jul 10
Trump to use presidential authority to send weapons to Ukraine, sources say
Trump plans to use power for first time in 47th presidencyPresident could release around $300 million in U.S. weaponsUse of authority may show shift in Trump's Ukraine policyBy Mike Stone WASHINGTON, July 10 (Reuters) - President Donald Trump for the first time since returning to office will ...Reuters
Thu, Jul 10
Brazil's Embraer evaluating potential impact of US tariffs
SAO PAULO, July 10 (Reuters) - Brazil's planemaker Embraer EMBR3.SA said on Thursday it was evaluating the potential impacts of the tariff increase to Brazilian products announced by U.S. President Donald Trump. "The company is working with the relevant authorities to re-establish the zero...Reuters
Thu, Jul 10
