News
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Quest beats quarterly estimates on strong diagnostic test demand
Jan 30 (Reuters) - Laboratory operator Quest Diagnostics DGX.N beat Wall Street estimates for fourth-quarter profit and revenue on Thursday, helped by a robust appetite for its diagnostic tests.The company expects an annual revenue between $10.70 billion and $10.85 billion, above analysts' avera...Reuters
Thu, Jan 30
H&M speeds up shift to regional supply chains amid tariff threat
By Helen Reid STOCKHOLM, Jan 30 (Reuters) - Swedish fast-fashion retailer H&M is working to buy more of its clothes and accessories from suppliers closer to its key markets in Europe and the U.S., its finance chief told Reuters on Thursday, in part to prepare for potential U.S. import tariffs...Reuters
Thu, Jan 30
Olympics-IOC candidate Coe says he should have handled prize money issue differently
By Karolos Grohmann BERLIN, Jan 29 (Reuters) - World Athletics chief Sebastian Coe, a candidate for president of the International Olympic Committee, said on Thursday his decision to offer prize money to Paris 2024 Olympic champions of his sport should have been handled differently.World Athletic...Reuters
Thu, Jan 30
Russian skating couple, world champions in 1990s, were in crashed US airliner
Refiles to make second crosshead read 'US CHAMPIONSHIPS', not 'WORLD CHAMPIONSHIPS'Russian ice skating coaches Shishkova and Naumov among scores feared dead after midair collision between airliner and military helicopter'Apart from anything else they were my children,' distra...Reuters
Thu, Jan 30
BRIEF-Cigna Q4 Adj EPS $6.64 Vs IBES Estimate $7.82
Jan 30 (Reuters) - Cigna Group CI.N:Q4 ADJUSTED REVENUE $65.68 BILLION VERSUS IBES ESTIMATE $63.36 BILLIONQ4 ADJUSTED EPS $6.64 VERSUS IBES ESTIMATE $7.82Q4 MEDICAL CARE RATIO 87.9% VERSUS IBES ESTIMATE 84.84%OUTLOOK FY ADJUSTED EPS AT LEAST $29.50 VERSUS IBES ESTIMATE $31.50OUTLOOK FY ADJUSTED REVE...Reuters
Thu, Jan 30
Trane Technologies beats estimates on demand for commercial air-conditioning
Jan 30 (Reuters) - Trane Technologies TT.N on Wednesday beat Wall Street estimates for fourth-quarter revenue and profit, helped by rising demand for heating and air-conditioning for commercial buildings. Shares of the company were up 2.5% in premarket trade. Last year was the hottest on record, pro...Reuters
Thu, Jan 30
BRIEF-Northrop Grumman Posts Q4 MTM-Adjusted EPS Of $6.39 vs IBES Estimate $6.35
Jan 30 (Reuters) - Northrop Grumman Corp NOC.N:NORTHROP GRUMMAN Q4 TOTAL SALES $10.69 BILLION VERSUS IBES ESTIMATE $11.01 BILLIONNORTHROP GRUMMAN Q4 MTM-ADJUSTED EPS $6.39 VERSUS IBES ESTIMATE $6.35NORTHROP GRUMMAN OUTLOOK FY 2025 SALES $42 BILLION TO $42.50 BILLION VERSUS IBES ESTIMATE $42.80 BILLI...Reuters
Thu, Jan 30
BRIEF-Comcast Increased Share Repurchase Authorization To $15 Billion
Jan 30 (Reuters) - Comcast Corp CMCSA.O:COMCAST Q4 ADJUSTED EPS $0.96 VERSUS IBES ESTIMATE $0.86COMCAST Q4 REVENUE $31.92 BILLION VERSUS IBES ESTIMATE $31.64 BILLIONCOMCAST Q4 DOMESTIC BROADBAND CUSTOMER ADDITIONS -139,000 VERSUS FACTSET ESTIMATE -91,000COMCAST: INCREASED ANNUAL DIVIDEND BY 6.5% YOY...Reuters
Thu, Jan 30
Canadian wireless giant Rogers' quarterly subscription additions falls short of expectations
Jan 30 (Reuters) - Canada's Rogers Communications RCIb.TO added fewer-than-expected quarterly wireless subscription additions on Thursday, amid an intense pricing war between rivals and lower immigrations.The company added 69,000 monthly bill-paying wireless phone subscribers in the fourth quart...Reuters
Thu, Jan 30
Mobileye forecasts annual revenue below estimates
Jan 30 (Reuters) - Mobileye Global MBLY.O forecast fiscal 2025 revenue below Wall Street expectations on Thursday, anticipating weaker shipments for its assisted driving technology to China as its automotive customers face stiff competition from local players.The company forecast revenue between $1....Reuters
Thu, Jan 30
ABB CEO sees growth in data centre business despite rise of DeepSeek
Adds detail, backgroundBy John Revill ZURICH, Jan 30 (Reuters) - ABB ABBN.S expects increased demand from the data centre market for its electrification products, CEO Morten Wierod said on Thursday, despite the promise of lower-energy AI models from China's DeepSeek.DeepSeek, a low-cost alter...Reuters
Thu, Jan 30
'Wicked' fuels strong Comcast revenue, cushions broadband subscriber losses
Holiday movies drive quarterly revenue growth "Wicked" amassed roughly $700 mln in global box officeHurricanes, competition drive worse-than-expected broadband losses Jan 30 (Reuters) - Comcast CMCSA.O surpassed fourth-quarter revenue estimates on Thursday as blockbuster holiday releases,...Reuters
Thu, Jan 30
After fires, Los Angeles gets moonshot moment to rebuild
Experts propose rebuilding LA with fire-resistant designsUrban planners suggest buffer zones and native treesLearning from Kobe and Texas on disaster recovery strategiesBy Andrew Hay and Brad BrooksJan 30 (Reuters) - As Los Angeles recovers from its devastating wildfires, environmental engineers, ur...Reuters
Thu, Jan 30
BRIEF-Blackstone Q4 Distributable EPS $1.69 Versus IBES Estimate $1.46
Jan 30 (Reuters) - Blackstone Inc BX.N:BLACKSTONE Q4 DISTRIBUTABLE EPS $1.69 VERSUS IBES ESTIMATE $1.46BLACKSTONE Q4-END AUM $1.13 TRLN VERSUS IBES ESTIMATE $1.13 TRLNBLACKSTONE Q4 INFLOWS $57.5 BILLIONBLACKSTONE QTRLY DIVIDEND $1.44/SHAREBLACKSTONE Q4 REVENUE $3.08 BILLION VERSUS IBES ESTIMATE $3.8...Reuters
Thu, Jan 30
Rokstone names Anson global CEO as Potter becomes chairman
By Rebecca DelaneyJan 30 - (The Insurer) - Aventum Group-owned specialty MGA Rokstone has named managing director Ian Anson as global CEO, replacing James Potter, who is transitioning to the role of chairman.Potter will continue as deputy CEO of Aventum, where he will be responsible for leading the ...Reuters
Thu, Jan 30
Thermo Fisher beats quarterly estimates on strong demand for its tools and services
Jan 30 (Reuters) - Thermo Fisher Scientific TMO.N on Thursday beat Wall Street estimates for fourth-quarter profit and revenue, helped by improved demand for its products and services used in developing therapies.Contract drug manufacturers witnessed reduced spending from biotech clients in the past...Reuters
Thu, Jan 30
Northrop posts quarterly profit vs year-ago loss on surge in military equipment demand
By Utkarsh Shetti and Mike StoneJan 30 (Reuters) - U.S. defense company Northrop Grumman NOC.N posted a quarterly profit on Thursday, from a year-ago loss, as headwinds from its B-21 Raider stealth bomber program eased and rising geopolitical tensions stoked demand for its military equipment.The ong...Reuters
Thu, Jan 30
Electrolux says US tariffs could hit demand after N.America improves in Q4
Adds CEO comments in paragraphs 10, 12, updates shares in paragraph 6 Jan 30 (Reuters) - Home appliance maker Electrolux ELUXb.ST on Thursday posted a better than expected operating profit for the final quarter of 2024, but warned potential U.S. tariffs could mean further uncertainty for the Nort...Reuters
Thu, Jan 30
Merck to stop lung condition drug study early due to strong efficacy data
Jan 30 (Reuters) - Merck MRK.N plans to stop a late-stage study testing its drug to treat pulmonary arterial hypertension (PAH) ahead of time based on strong efficacy shown in previous studies, the drugmaker said on Thursday.The therapy, branded Winrevair, is already approved for treating the rare c...Reuters
Thu, Jan 30
Generali targets 94.5% P&C CR under new strategic plan to 2027
By Rebecca DelaneyJan 30 - (The Insurer) - Italian insurer Generali has unveiled new underwriting and operating targets under its latest strategic plan, which aims to achieve an undiscounted P&C combined ratio of 94.5 percent by 2027.The new "Lifetime Partner 2027" strategy for the next ...Reuters
Thu, Jan 30
