News
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W R Berkley quarterly profit rises on robust investment income, underwriting business
Jan 27 (Reuters) - Commercial insurer W R Berkley WRB.N reported a 45% rise in fourth-quarter profit on Monday, helped by strong performance in its investment portfolio and underwriting business. Equity markets have been rallying due to rate cuts and were further fueled by the U.S. presidential elec...Reuters
Mon, Jan 27
Everest to record $1.7bn reserve charge in Q4 and 2024 earnings
By Chris MunroJan 27 - (The Insurer) - Everest Group has confirmed its fourth quarter and full-year 2024 earnings will include $1.5bn of unfavorable development of prior-year loss reserves and a further $229mn of current accident year strengthening.Combined, Everest’s full-year and fourth quarter 20...Reuters
Mon, Jan 27
Gaza residents stream home to the north after hostage breakthrough
Israel gives greenlight to start of return of Gazans to north Hamas to free Israeli hostage Yehud, two others, before Friday650,000 Gazans ready to go back to the north, Palestinians sayGazans reject Trump's proposal they leave the enclaveUpdates with army comment paragraphs 14 and 15By Nidal al...Reuters
Mon, Jan 27
Emerson to buy remaining stake in AspenTech for $7.2 billion
Rewrites for contextBy Sabrina Valle Jan 27 (Reuters) - U.S. industrial company Emerson Electric EMR.N agreed to pay $7.2 billion to buy the remaining shares in software supplier AspenTech AZPN.O that it does not already own, the companies said on Monday.The takeout deal strengthens Emerson's...Reuters
Mon, Jan 27
REIT Alexandria Real Estate posts higher Q4 FFO on resilient leasing demand
Jan 27 (Reuters) - Alexandria Real Estate Equities ARE.N posted a rise in its fourth-quarter funds from operations on Monday, as the real estate investment trust benefited from steady leasing demand from biotech clients and technology-focused firms.The Pasadena, California-based company operates and...Reuters
Mon, Jan 27
FLOIR: Mangrove marks 10th new Florida P&C insurer approved since reforms
By Michael LoneyJan 27 - (The Insurer) - The approval of Mangrove Property Insurance Company means 10 insurers have entered Florida’s property casualty market since legislative reforms were enacted in 2023, with the new companies bringing more than $297mn in policyholder surplus.The Insurer revealed...Reuters
Mon, Jan 27
FCC will drop Biden plan to ban bulk broadband billing for tenants
WASHINGTON, Jan 27 (Reuters) - Federal Communications Commission chair Brendan Carr said Monday the agency will drop a proposed Biden administration plan to ban broadband internet “bulk billing” for residents of apartments, condominiums and public housing.The FCC had proposed prohibiting requiring t...Reuters
Mon, Jan 27
THE DAY AHEAD-North America, January 28
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Mon, Jan 27
French Prime Minister Bayrou says Elon Musk threatens democracies
French PM Bayrou criticizes Musk's influence on democraciesBayrou warns against Trump's influence in EuropeMusk involved in foreign political issues, has endorsed German anti-immigration partyAdds background in paragraphs 1 and 4By Gabriel Stargardter PARIS, Jan 27 (Reuters) - Elon Musk, ...Reuters
Mon, Jan 27
LINKBANCORP Inc expected to post earnings of 19 cents a share - Earnings Preview
LINKBANCORP Inc LNKB.OQ LNKB.O is expected to show a rise in quarterly revenue when it reports results on January 27 for the period ending December 31 2024The Camp Hill Pennsylvania-based company is expected to report a 98.7% increase in revenue to $30.775 million from $15.49 million a year ago, a...Reuters
Mon, Jan 27
Inside Debt - January 27
To access a PDF version of this newsletter, please click here You can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-page For an index of our newsletters click ...Reuters
Mon, Jan 27
Wall Street asks SEC to extend timeline for US Treasury market overhaul
Adds SEC declining to comment, details on market regulators, paragraphs 6 and 12-14SEC's new rules aim to reduce systemic risk in Treasury marketSIFMA and others request one-year extension for clearing deadlinesMarket participants concerned over transition disruptions By Davide Barbuscia NEW ...Reuters
Mon, Jan 27
ADVISORY-Dated alert on ServisFirst Bancshares naming interim CFO withdrawn
An alert about Ed Woodie appointed as interim CFO of ServisFirst Bancshares Inc SFBS.N has been withdrawn as the news is dated. Woodie was named as interim CFO of ServisFirst in October. nFWN3LX0ZNSTORY_NUMBER:FWN3ON0CWSTORY_DATE:27/01/2025STORY_TIME:[09:08:34]Reuters
Mon, Jan 27
Mexican government places two new euro-denominated bonds
MEXICO CITY, Jan 27 (Reuters) - Mexico's government issued new debt on Monday, placing two bonds worth a total of 2.4 billion euros, the finance ministry said in a statement. Combined demand for the 8-year and 12-year bonds surpassed 8 billion euros and was the highest for euro-dominated soverei...Reuters
Mon, Jan 27
UN agency for Palestinians readies to shutter operations in East Jerusalem after Israeli ban
UNRWA runs East Jerusalem medical centre that serves 30,000 Israel accuses agency of bias against it 'Where will they go?' nurse asks about patientsJERUSALEM, Jan 27 (Reuters) - Tens of thousands of Palestinian refugees in Israeli-occupied East Jerusalem were set to lose education, healthcar...Reuters
Mon, Jan 27
Western Digital Corp expected to post earnings of $1.78 a share - Earnings Preview
Western Digital Corp WDC.OQ WDC.O is expected to show a rise in quarterly revenue when it reports results on January 29 for the period ending December 31 2024The San Jose California-based company is expected to report a 40.6% increase in revenue to $4.262 billion from $3.03 billion a year ago, acc...Reuters
Mon, Jan 27
Lam Research Corp expected to post earnings of 88 cents a share - Earnings Preview
Lam Research Corp LRCX.OQ LRCX.O is expected to show a rise in quarterly revenue when it reports results on January 29 for the period ending December 31 2024The Fremont California-based company is expected to report a 14.7% increase in revenue to $4.311 billion from $3.76 billion a year ago, accor...Reuters
Mon, Jan 27
Celestica Inc expected to post earnings of $1.05 a share - Earnings Preview
Celestica Inc CLS.TO is expected to show a rise in quarterly revenue when it reports results on January 29 for the period ending December 31 2024The Toronto Ontario-based company is expected to report a 18.3% increase in revenue to $2.532 billion from $2.14 billion a year ago, according to the me...Reuters
Mon, Jan 27
Canadian Pacific Kansas City Ltd expected to post earnings of C$1.24 a share - Earnings Preview
Canadian Pacific Kansas City Ltd CP.TO is expected to show a rise in quarterly revenue when it reports results on January 29 for the period ending December 31 2024The Calgary Alberta-based company is expected to report a 3.4% increase in revenue to C$3.903 billion from C$3.78 billion a year ago, ...Reuters
Mon, Jan 27
Benchmark Electronics Inc expected to post earnings of 56 cents a share - Earnings Preview
Benchmark Electronics Inc BHE.N, BHE is expected to show a fall in quarterly revenue when it reports results on January 29 for the period ending December 31 2024The Tempe Arizona-based company is expected to report a 4.4% decrease in revenue to $660.75 million from $691.35 million a year ago, acco...Reuters
Mon, Jan 27
