News
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Levi Strauss beats quarterly revenue estimates
Jan 29 (Reuters) - Levi Strauss LEVI.N beat market expectations for fourth-quarter revenue on Wednesday, helped by robust demand for its denim skirts and dresses during the holiday quarter. The company reported revenue of $1.84 billion for the three months ended Dec. 1, compared with analysts' a...Reuters
Wed, Jan 29
EEOC commissioner fired by Trump hires lawyers for Kavanaugh accuser
By David Thomas Jan 29 (Reuters) - Charlotte Burrows, a Democratic member and former chair of the U.S. Equal Employment Opportunity Commission fired by Republican President Donald Trump, has hired a pair of Washington lawyers known for pursuing high-profile employment and sexual misconduct allega...Reuters
Wed, Jan 29
TREASURIES-US Treasury yields pare rise as Powell sees continued inflation progress
Updated in New York afternoon timeBy Karen Brettell NEW YORK, Jan 29 (Reuters) - U.S. Treasury yields reversed an earlier rise on Wednesday after Federal Reserve Chair Jerome Powell said he expects to see further progress on inflation even as the U.S. central bank removed language from its latest...Reuters
Wed, Jan 29
Unions warn government workers not to trust Trump's offer to quit
Trump offers public workers 'deferred resignation program'Some federal workers react angrily to Trump offerUnion lawyers looking at legality of Trump moveBy Tim Reid, Timothy Gardner and Leah Douglas WASHINGTON, Jan 29 (Reuters) - Two of America's biggest federal worker unions told me...Reuters
Wed, Jan 29
Justice Department discusses dropping New York mayor corruption case, NYT reports
Jan 29 (Reuters) - Senior Justice Department officials and federal prosecutors in Manhattan have held talks about dropping the corruption case against New York Mayor Eric Adams, the New York Times reported on Wednesday, citing people with knowledge of the matter. Adams is set for a criminal trial in...Reuters
Wed, Jan 29
IBM beats profit estimates as software business surges on AI shift
Jan 29 (Reuters) - IBM IBM.N surpassed analysts' estimates for fourth-quarter profit on Wednesday, driven by demand in its high-margin software unit as businesses ramped up IT spending.The company's software segment recorded its biggest revenue jump in five years, as customers prioritized sp...Reuters
Wed, Jan 29
Tesla's fourth-quarter profit margin misses estimates
Jan 29 (Reuters) - Tesla TSLA.O fell short of analysts' estimates for gross profit margin in the fourth quarter on Wednesday, as the electric-vehicle maker rolled out financing offers and discounts to spur flagging demand for its aging lineup.The company's gross profit margin stood at 16.3% ...Reuters
Wed, Jan 29
iRobot Corp expected to post a loss of $1.72 a share - Earnings Preview
iRobot Corp IRBT.OQ IRBT.O is expected to show a fall in quarterly revenue when it reports results on January 31 (estimated) for the period ending December 31 2024The Bedford Massachusetts-based company is expected to report a 41.2% decrease in revenue to $180.839 million from $307.54 million a ye...Reuters
Wed, Jan 29
Crown Castle Inc expected to post earnings of 44 cents a share - Earnings Preview
Crown Castle Inc CCI.N, CCI is expected to show a fall in quarterly revenue when it reports results on January 31 (estimated) for the period ending December 31 2024The Houston Texas-based company is expected to report a 2.2% decrease in revenue to $1.638 billion from $1.67 billion a year ago, acco...Reuters
Wed, Jan 29
urban-gro Inc expected to post a loss of 12 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on January 31 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 5.0% decrease in revenue to $17.895 million from $18.84 million a year ago, ...Reuters
Wed, Jan 29
Spire Global Inc expected to post a loss of 26 cents a share - Earnings Preview
Spire Global Inc SPIR.N, SPIR.K is expected to show a rise in quarterly revenue when it reports results on January 31 (estimated) for the period ending June 30 2024The Vienna Virginia-based company is expected to report a 14.2% increase in revenue to $30.242 million from $26.49 million a year ago,...Reuters
Wed, Jan 29
TFS Financial Corp expected to post earnings of 6 cents a share - Earnings Preview
TFS Financial Corp TFSL.OQ TFSL.O is expected to show a fall in quarterly revenue when it reports results on January 31 (estimated) for the period ending December 31 2024The Cleveland Ohio-based company is expected to report a 1.0% decrease in revenue to $68.43 million from $69.09 million a year a...Reuters
Wed, Jan 29
NextTrip Inc expected to post a loss of 17 cents a share - Earnings Preview
NextTrip Inc NTRP.OQ NTRP.O is expected to report resultson January 31 (estimated) for the period ending February 28 2025The Santa Fe New Mexico-based company is expected to report revenue of $1.625 million, according to the estimate from one analyst, based on LSEG data.LSEG's mean analyst est...Reuters
Wed, Jan 29
U.S. RESEARCH ROUNDUP-Apple, Coinbase Global, Nextracker
Jan 29 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Apple, Coinbase Global and Nextracker on Wednesday. HIGHLIGHTS * Apple Inc AAPL.O: Oppenheimer cuts to perform from outperform* Coinbase Global Inc COIN.O...Reuters
Wed, Jan 29
Deals of the day-Mergers and acquisitions
Adds Lufthansa, Frontier, Metro Bank, NEC CorpJan 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:** Lufthansa LHAG.DE has agreed to acquire a 10% stake in IPO-bound Latvian airline airBaltic, the German airline said on Wednesday, its la...Reuters
Wed, Jan 29
BRIEF-Zayo In Talks For Crown Castle Fiber Arm As TPG Cools - Bloomberg News
Jan 29 (Reuters) - ZAYO IS IN TALKS FOR CROWN CASTLE FIBER ARM AS TPG COOLS - BLOOMBERG NEWSCROWN CASTLE UNIT COULD HAVE VALUE OF MORE THAN $8 BILLION - BLOOMBERG NEWSSource text: https://tinyurl.com/2yxns3w5Further company coverage: CCI.NReuters
Wed, Jan 29
New York says 1 million fewer vehicles have entered Manhattan since congestion pricing start
Jan 29 (Reuters) - New York's congestion pricing has led to 1 million total fewer vehicles entering Manhattan and cut commuting times since the program began on Jan. 5, a transit agency said Wednesday.The Metropolitan Transportation Authority said inbound trips times on all Hudson and East River...Reuters
Wed, Jan 29
US judge inclined to issue order restricting Trump administration from pausing loans
Changes headlineBy Nate RaymondJan 29 (Reuters) - A U.S. judge on Wednesday said he was inclined to temporarily block the Trump administration from pausing federal loans, grants and other financial assistance, intervening at the behest of Democratic state attorneys general amid confusion over White ...Reuters
Wed, Jan 29
Microsoft rolls out DeepSeek's AI model on Azure
Adds background Jan 29 (Reuters) - Microsoft MSFT.O has made Chinese startup DeepSeek's R1 artificial intelligence model available on its Azure cloud computing platform and GitHub tool for developers, the U.S. company said on Wednesday. The AI model will be available in the model catalog on t...Reuters
Wed, Jan 29
