News
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Banyan Excess adds Axa XL’s Moniz as Bermuda office head
By Michael LoneyJan 28 - (The Insurer) - Banyan Risk has appointed former Axa XL Bermuda excess casualty head Vivienne Moniz as head of the Bermuda office of Banyan Excess Liability Ltd (BELL).Banyan announced the hire on LinkedIn, noting Moniz’s “extensive experience” in excess casualty and proven ...Reuters
Tue, Jan 28
CRC hires Lockton’s Mills as national property practice group director
By Michael LoneyJan 28 - (The Insurer) - Wholesale broker CRC Group has appointed Daniela Mills as national property practice group director, with the new hire joining after eight years at Lockton.Mills will support the CRC property team on a nationwide basis. She brings more than two decades of ind...Reuters
Tue, Jan 28
Beta Bionics targets $695 mln valuation in upsized US IPO
Jan 28 (Reuters) - Beta Bionics is targeting a valuation of up to $695 million in an upsized initial public offering, the insulin delivery device maker said on Tuesday.The company will aim to raise up to $170 million through a sale of 10 million shares priced between $16 and $17 each. It was earlier...Reuters
Tue, Jan 28
Bank lending prospects among key inputs for policymakers at Fed meeting
Fed officials expected to get readout on loan demand, credit termsEconomists expect regulatory environment under Trump to fuel credit demandStubbornly high market interest rates may be a headwindBy Michael S. Derby Jan 28 (Reuters) - Credit data likely to be considered at a two-day Federal Reserv...Reuters
Tue, Jan 28
X seals payments deal with Visa in push toward Musk's 'everything app' goal, source says
By Manya Saini Jan 28 (Reuters) - Payments giant Visa V.N and Elon Musk's X are partnering to offer direct payment solutions to customers of the social media app, a person familiar with the matter told Reuters on Tuesday.The deal comes as the billionaire continues his efforts to transform the...Reuters
Tue, Jan 28
OpenAI launches ChatGPT Gov for U.S. government agencies amid rising AI competition
Jan 28 (Reuters) - Microsoft MSFT.O-backed artificial intelligence (AI) bellwether OpenAI has launched ChatGPT Gov, a tailored version of ChatGPT designed for U.S. government agencies, it said in a blog post on Tuesday.OpenAI said the agencies can deploy ChatGPT Gov in their own Microsoft Azure comm...Reuters
Tue, Jan 28
ANALYSIS-Rise of Rwanda-backed M23 rebels in Congo harder to stop this time
Updates headlineRebels enter eastern Congo's largest cityAdvance is a repeat of 2012 offensiveRwanda's Kagame seen taking advantage of global distractionsEnding uprising likely to be much harder this time, analysts sayBy Joe Bavier JOHANNESBURG, Jan 28 (Reuters) - After three years on the...Reuters
Tue, Jan 28
Apple finds little sympathy from German judges in antitrust appeal
KARLSRUHE, Germany, Jan 28 (Reuters) - German federal judges indicated on Tuesday that they could back the country's antitrust regulator in a legal battle with Apple AAPL.O, following over three hours of deliberations over whether the U.S. tech giant should be subject to additional controls.The ...Reuters
Tue, Jan 28
EXCLUSIVE-Rights groups preparing to file lawsuit against Trump's transgender troops order, source says
Adds background throughout WASHINGTON, Jan 28 (Reuters) - Transgender rights advocacy groups are preparing to file a lawsuit as early as Tuesday against U.S. President Donald Trump's executive order that targeted transgender service members, in what would be the first legal challenge to a cor...Reuters
Tue, Jan 28
BUZZ-BofA cuts Uber PT on rising forex pressure, insurance costs
** BofA Global Research cuts PT on Uber UBER.N to $93 from $96, citing foreign exchange pressure and rising auto insurance costs** Brokerage says FX rates have improved from the peak of U.S. dollar appreciation but remain a significant headwind** "We would expect Uber to try to pass this through...Reuters
Tue, Jan 28
NVR beats fourth-quarter profit estimates on strong pricing
Jan 28 (Reuters) - U.S. homebuilder NVR Inc NVR.N beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by higher pricing of home units. The average sales price of new orders in the fourth quarter of 2024 was $469,000, up 4% from last year.However, new orders for quarter ended Dec....Reuters
Tue, Jan 28
BRIEF-GM CEO Expect To See Run Rate Savings Of A Billion Dollars On Annualized Basis By Ending Cruise Robotaxi Development-- Conf. Call
Jan 28 (Reuters) - General Motors Co GM.N:GM CEO: EXPECT TO SEE RUN RATE SAVINGS OF A BILLION DOLLARS ON ANNUALIZED BASIS BY ENDING CRUISE ROBOTAXI DEVELOPMENT-- CONF. CALLGM CEO: WITHIN FIVE YEARS WE EXPECT TO APPROACH ABOUT $2 BILLION IN TOTAL ANNUAL REVENUE FROM SUPER CRUISEGM CEO: CHINA JOINT VE...Reuters
Tue, Jan 28
Democratic US Senator Peters will not seek re-election in 2026
WASHINGTON, Jan 28 (Reuters) - Senator Gary Peters, the top Democrat on the Homeland Security Committee, said Tuesday he will not seek re-election in 2026.Peters, 66, represents Michigan, a state President Donald Trump narrowly won in 2024. Republicans hold a 53-47 majority in the Senate.Reuters
Tue, Jan 28
Deals of the day-Mergers and acquisitions
Adds: Mediobanca Updates: SnamJan 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:** Italian bank Mediobanca MDBI.MI rejected a takeover offer by state-backed rival Monte dei Paschi di Siena BMPS.MI, saying a tie-up would be detrimental to ...Reuters
Tue, Jan 28
Colombian planes carrying US deportees arrive in Bogota after Trump-Petro row
Recasts with arrival of both planes, deportee quote in paragraphs 1, 3-4 BOGOTA, Jan 28 (Reuters) - Two Colombian air force planes carrying deportees from the United States arrived in Bogota on Tuesday, the government said, paving the way for U.S. President Donald Trump's administration to li...Reuters
Tue, Jan 28
Boeing working to accelerate Air Force One replacements delivery, CEO says
Jan 28 - Boeing is working with the Trump administration to speed up delivery of two replacement presidential aircraft, better known as Air Force One, Boeing CEO Kelly Ortberg said in an interview on Tuesday. The U.S. planemaker has already lost more than $2 billion on the fixed-price program and th...Reuters
Tue, Jan 28
Bain Capital proposes to acquire remaining shares of Surgery Partners
Jan 28 (Reuters) - Bain Capital Private Equity has proposed to acquire the remaining shares of surgical facility operator Surgery Partners SGRY.O it does not already own for $25.75 apiece, a filing showed on Tuesday.Bain Capital has a 39% stake in the company, according to LSEG data.Reuters
Tue, Jan 28
