News
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Chubb names Houston to lead UK commercial insurance division
By Rebecca DelaneyJan 30 - (The Insurer) - Chubb has appointed Andy Houston to lead its newly established commercial insurance division in the UK.In his new role, which begins in February 2025, Houston will be responsible for leading and growing the new division, which will serve a range of clients ...Reuters
Thu, Jan 30
BRIEF-Southwest Q4 Adj EPS $0.56 Vs IBES Estimate $0.44
Jan 30 (Reuters) - Southwest Airlines Co LUV.N:Q4 ADJUSTED EPS $0.56 VERSUS IBES ESTIMATE $0.44OUTLOOK Q1 RASM +5% TO +7% VERSUS IBES ESTIMATE +2.62%Q4 TOTAL OPERATING REVENUE $6.93 BILLION VERSUS IBES ESTIMATE $6.96 BILLIONOUTLOOK Q1 CASM-X UP 7% TO 9%EXPECTS 38 737 MAX 8 AIRCRAFT DELIVERIES IN 202...Reuters
Thu, Jan 30
Lazard's Q4 profit climbs on deal-making rebound
Jan 30 (Reuters) - Investment bank Lazard LAZ.N reported a rise in fourth-quarter profit on Thursday, helped by a strong performance in its advisory business. Lazard posted a net income of $85 million, or 78 cents per share, on an adjusted basis for the three months ended Dec. 31, compared to $65 mi...Reuters
Thu, Jan 30
Caterpillar quarterly profit falls on tepid equipment demand
Jan 30 (Reuters) - Caterpillar CAT.N reported a decline in fourth-quarter profit on Thursday, as dealers scaled back equipment restocking due to weak demand, driven by high borrowing costs and persistent inflation.Adjusted profit per share for the fourth-quarter fell to $5.14, compared with $5.23, a...Reuters
Thu, Jan 30
Southwest Airlines profit exceeds expectations on improved pricing power
Jan 30 (Reuters) - U.S. budget carrier Southwest Airlines' LUV.N fourth-quarter profit surpassed Wall Street estimates on Thursday, helped by robust travel demand and improved airfares.The airline also forecast better-than-expected unit revenue (RASM), a proxy for pricing power, for the first qu...Reuters
Thu, Jan 30
EXCLUSIVE-Inside a US security firm's risky Gaza mission
By Jonathan Landay and Aram Roston WASHINGTON, Jan 30 (Reuters) - A small U.S. security firm is hiring nearly 100 U.S. special forces veterans to help run a checkpoint in Gaza during the Israel-Hamas truce, according to a company spokesperson and a recruitment email seen by Reuters, introducing a...Reuters
Thu, Jan 30
Syrian minister to attend Paris conference to coordinate international efforts - document
PARIS, Jan 30 (Reuters) - Syrian Foreign Minister Asaad Hassan al-Shibani will attend a conference in Paris on Feb. 13 aimed at coordinating regional and international action in support of his country's transitional process, a document sent to invitees showed.The document, seen by Reuters, showe...Reuters
Thu, Jan 30
Norway eurosceptic party to resign from government, local media reports
OSLO, Jan 30 (Reuters) - Norway's eurosceptic Centre Party will resign from the government on Thursday due to a disagreement with coalition partner Labour over the adoption of EU energy policies, public broadcaster NRK and daily VG reported, citing anonymous sources.The Centre Party, in governme...Reuters
Thu, Jan 30
UPS forecasts 2025 revenue below estimates
Jan 30 (Reuters) - - United Parcel Service UPS.N said on Thursday it expects 2025 revenue below Wall Street estimates, as gains from cost cuts are outweighed by customers continuing to opt for cheaper, slower ground-based deliveries from more profitable air-based services.The world's largest pac...Reuters
Thu, Jan 30
Flagstar posts smaller loss as loan loss provisions shrink
Jan 30 (Reuters) - Flagstar Financial FLG.N, formerly known as New York Community Bancorp, reported a smaller quarterly loss on Thursday, as it reduced its provisions for potential loan defaults.Its net loss was $168 million, or 41 cents per share, for the three months ended Dec. 31, compared with $...Reuters
Thu, Jan 30
BRIEF-NHTSA Says Subaru Of America Is Recalling 20,366 U.S. Vehicles
Jan 30 (Reuters) - SUBARU OF AMERICA, INC. IS RECALLING 20,366 U.S. VEHICLES - NHTSASUBARU OF AMERICA, INC. IS RECALLING SOME U.S. VEHICLES AS A LOSS OF VEHICLE STABILITY INCREASES THE RISK OF A CRASH.- NHTSASource: https://tinyurl.com/49h25t42Further company coverage: 7270.TReuters
Thu, Jan 30
Trump FBI director nominee Kash Patel to face fiery Senate confirmation hearing
Latest in a wave of Trump Cabinet picks to face SenateDemocrats to question Patel's claims, would lack the votes to block him without Republican supportPatel's past false claims and QAnon support under scrutinyBy Sarah N. Lynch WASHINGTON, Jan 30 (Reuters) - Kash Patel, President Donald T...Reuters
Thu, Jan 30
Rubio to take up Trump's Panama gambit, migration crusade in Latam visit
Rubio to visit Panama in shadow of Trump’s canal threatsUS crack down on illegal immigration also on agendaLatam visit is partly about countering China in region By Simon Lewis and Matt Spetalnick WASHINGTON, Jan 30 (Reuters) - When Marco Rubio arrives in Latin America this weekend on his first f...Reuters
Thu, Jan 30
US military deportation flight likely cost more than first class
Monday's deportation flight likely cost at least $4,675 per migrantTrump vows continued use of military aircraft for deportationsC-17 flights more expensive than ICE charter alternativesBy Phil Stewart WASHINGTON, Jan 30 (Reuters) - U.S. President Donald Trump's military deportation fligh...Reuters
Thu, Jan 30
Kennedy, fresh off grilling, heads back to US Senate for a second hearing
Kennedy faces Senate Health committee after grilling by Democrats on FinanceKennedy defends vaccine stance, addresses chronic disease and abortionOpposition groups have ramped up efforts against KennedyBy Stephanie Kelly Jan 30 (Reuters) - Robert F. Kennedy Jr, President Donald Trump's pick t...Reuters
Thu, Jan 30
Trump intel nominee Gabbard faces senators and a rough confirmation path
Gabbard pick sent shockwaves through intelligence worldNominee faces tough fight in committee, and full SenateGabbard is former Democrat without deep intelligence experienceKey senators have been quiet on her nominationBy Patricia Zengerle WASHINGTON, Jan 30 (Reuters) - Former U.S. Representative...Reuters
Thu, Jan 30
IN CASE YOU MISSED IT–Schedule of Reuters features from this week
Jan 30 (Reuters) - Every week, Reuters journalists produce scores of multimedia features and human-interest stories from around the world.Below are some stories from this week selected by our editors, as well as explanatory context and background to help you understand world headlines. For a full sc...Reuters
Thu, Jan 30
Cigna misses quarterly profit estimates on higher medical costs
Jan 30 (Reuters) - Cigna CI.N forecast annual profit below Wall Street expectations on Thursday and missed estimates for the fourth quarter, hurt by higher medical costs for a type of employer-sponsored healthcare plan.The plan, called "stop-loss insurance", entails the insurer covering for ...Reuters
Thu, Jan 30
RPT-FACTBOX-What were the aircraft involved in midair crash in Washington DC?
RPT of story with no changes for clients Jan 30 (Reuters) - An American Airlines regional passenger jet and a U.S. Army Black Hawk helicopter crashed into the frigid Potomac River after a midair collision near Reagan Washington National Airport on Wednesday night, officials said.Below are the det...Reuters
Thu, Jan 30
Ariel Re Capital Partners completes first fund raise under London Bridge 2
By Aidan GregoryJan 30 - (The Insurer) - Ariel Re Capital Partners (ARCP), the third-party capital vehicle of reinsurer Ariel Re, has successfully completed its first raise.Launched in 2024, ARCP intends to give third-party capital such as small funds, family offices and ultra-high-net-worth individ...Reuters
Thu, Jan 30
