News
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Argenta bolsters construction and engineering with Axis’ Collier
By Michael JonesJan 28 - (The Insurer) - Argenta has appointed Axis Capital’s Karen Collier as a construction and engineering underwriter.In her new role, Collier will report into construction and engineering unit head Phil Hancock.Collier has joined from a near four year stint at Axis Capital, latt...Reuters
Tue, Jan 28
Trump order set to halt supply of HIV, malaria drugs to poor countries, sources say
By Jennifer Rigby LONDON, Jan 28 (Reuters) - The Trump administration has moved to stop the supply of lifesaving drugs for HIV, malaria and tuberculosis, as well as medical supplies for newborn babies, in countries supported by USAID around the globe, a memo reviewed by Reuters showed. On Tuesda...Reuters
Tue, Jan 28
BUZZ-Citi cuts PT on Pfizer as revenue flattens
** Citi Research cuts PT on pharmaceutical giant Pfizer PFE.N to $29 from $30, citing stagnant revenue growth and policy changes** Brokerage says specialty care business will be affected by Inflation Reduction Act part D changes, which will affect how Medicare beneficiaries pay for prescription drug...Reuters
Tue, Jan 28
BRIEF-GM Sees FY25 Adj EPS $11 to $12 Versus IBES Estimate $10.85
Jan 28 (Reuters) - General Motors Co GM.N:GM Q4 ADJUSTED EPS $1.92 VERSUS IBES ESTIMATE $1.89GM Q4 REVENUE $47.70 BILLION VERSUS IBES ESTIMATE $43.93 BILLIONGM OUTLOOK FY25 NET INCOME $11.2 BILLION TO $12.5 BILLION VERSUS IBES ESTIMATE $10.78 BILLIONGM: Q4 NET INCOME REDUCED BY OVER $5 BILLION IN SP...Reuters
Tue, Jan 28
BRIEF-UK's CMA Finds Cloud Services Market Competition Not Working As Well As It Could Be
Jan 28 (Reuters) - Competition and Markets Authority: COMPETITION AND MKTS - STATEMENT RE CLOUD SERVICES MARKET INVESTIGATIONCMA INDEPENDENT INQUIRY GROUP PUBLISHES PROVISIONAL FINDINGS IN CLOUD SERVICES MARKET INVESTIGATIONCMA: INQUIRY GROUP'S REPORT PROVISIONALLY RECOMMENDS CMA BOARD CONSIDER...Reuters
Tue, Jan 28
UK says cloud computing market not working effectively
LONDON, Jan 28 (Reuters) - Britain's antitrust regulator said on Tuesday the cloud computing market was not working as well as it could be, and it said it would use its new powers to investigate the activities of market leaders Amazon and Microsoft.Reuters
Tue, Jan 28
Brookfield Infrastructure Partners LP expected to post earnings of 11 cents a share - Earnings Preview
Brookfield Infrastructure Partners LP BIP.N, BIP is expected to report results on January 30 for the period ending December 31 2024LSEG's mean analyst estimate for Brookfield Infrastructure Partners LP is for earnings of 11 cents per share. The current average analyst rating on the shares is &#...Reuters
Tue, Jan 28
Boeing reports $11.8 bln loss, largest since 2020
Jan 28 (Reuters) - Boeing BA.N on Tuesday reported an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.The loss demonstrates the challenges facing CEO Kel...Reuters
Tue, Jan 28
IT software startup Atomicwork raises $25 million in Khosla Ventures-led funding round
Jan 28 (Reuters) - AI enterprise service management firm Atomicwork said on Tuesday it has raised $25 million in a Series A funding round led by venture capital investors Khosla Ventures and Z47. The fundraise valued San Francisco-based Atomicwork at $150 million, according to a source familiar with...Reuters
Tue, Jan 28
JPMorgan picks Reed to run government and healthcare businesses
By Nupur AnandNEW YORK, Jan 28 (Reuters) - JPMorgan Chase JPM.N named Curtis Reed on Tuesday as chief of the largest U.S. lender's government banking and healthcare, higher education and not-for-profit banking businesses.Reed, a two-decade veteran of the bank, most recently served as manager for...Reuters
Tue, Jan 28
State Farm says it has paid out almost $500mn in LA wildfire claims so far
By David BullJan 28 - (The Insurer) - US insurance giant State Farm said that as of 27 January it had received more than 10,100 home and auto claims from the Los Angeles wildfires and has “already put almost half a billion dollars back into customers’ hands”.The carrier – which is the biggest person...Reuters
Tue, Jan 28
BRIEF-Rtx Reports Q4 Adjusted EPS $1.54 Versus. IBES Estimate $1.38
Jan 28 (Reuters) - Rtx Corp RTX.N:Q4 ADJUSTED EPS $1.54 VERSUS. IBES ESTIMATE $1.38Q4 SALES $21.62 BILLION VERSUS IBES ESTIMATE $20.54 BILLIONOUTLOOK FY 2025 ADJUSTED SALES $83 BILLION TO $84 BILLION VERSUS IBES ESTIMATE $84.47 BILLIONOUTLOOK FY 2025 ADJUSTED EPS $6.00 TO $6.15 VERSUS IBES ESTIMATE ...Reuters
Tue, Jan 28
RTX's quarterly profit rises on strong demand for aircraft parts, repair
By Utkarsh Shetti and Mike StoneJan 28 (Reuters) - Aerospace and defense major RTX RTX.N posted a rise in quarterly profit on Tuesday, as demand for its aircraft parts and repair services benefited from airlines flying older, maintenance-intensive planes to cope with a jet shortage. Supply chain sna...Reuters
Tue, Jan 28
CNX Resources Corp expected to post earnings of 38 cents a share - Earnings Preview
CNX Resources Corp CNX.N, CNX is expected to show a fall in quarterly revenue when it reports results on January 30 for the period ending December 31 2024The Canonsburg Pennsylvania-based company is expected to report a 57.2% decrease in revenue to $428.231 million from $999.56 million a year ago,...Reuters
Tue, Jan 28
Beazley names Marsh’s Lotz as DACH aviation underwriter
By Michael JonesJan 28 - (The Insurer) - Beazley has appointed Marsh’s Sebastian Lotz as aviation underwriter for the DACH region.In his new role, Lotz will lead the development of Beazley’s aviation offering in Germany, Switzerland and Austria.Lotz has joined the insurer following a four-year stint...Reuters
Tue, Jan 28
ANALYSIS-Rwanda-backed M23's deja-vu rise in Congo harder to stop this time
Rebels 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 run from the Rw...Reuters
Tue, Jan 28
Japan's Honda eyes launching sub-$30,000 EV in North America, Nikkei says
Adds Honda comment in paragraph 3 TOKYO, Jan 28 (Reuters) - Japan's Honda Motor 7267.T plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.The automaker...Reuters
Tue, Jan 28
BRIEF-Kimberly-Clark Reports Q4 Adjusted EPS $1.50 Versus Ibes Estimate $1.51
Jan 28 (Reuters) - Kimberly-Clark Corp KMB.N:Q4 ADJUSTED EPS $1.50 VERSUS IBES ESTIMATE $1.51Q4 NET SALES $4.93 BILLION VERSUS IBES ESTIMATE $4.86 BILLIONOUTLOOK 2025 ORGANIC SALES GROWTH TO OUTPACE WEIGHTED AVERAGE GROWTH IN CATEGORIES & COUNTRIES IT COMPETES, CURRENTLY GROWING AT ABOUT 2%OUTLO...Reuters
Tue, Jan 28
Brazil government supports Gol-Azul merger to strengthen airline sector
Merger would create carrier with 60% market shareConcerns over competition and airfare costs raised by LATAMMinister argues merger preserves jobs, increases connectivity, and lowers credit costsBy Luciana Magalhaes, Gabriel Araujo SAO PAULO, Jan 27 (Reuters) - A planned merger between Brazilian a...Reuters
Tue, Jan 28
Responding to Trump tariff threat, Taiwan says chip business is 'win-win'
Taiwan emphasises complementarity in semiconductor trade with USTaiwan is home to world's largest contact chipmaker, TSMCTSMC is investing $65 bln in US state of ArizonaRecasts, adds presidential office comment, paragraphs 6, 7By Ben Blanchard TAIPEI, Jan 28 (Reuters) - Semiconductor business...Reuters
Tue, Jan 28
