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Continental AG expects tariffs, foreign exchange to weigh on Q2 tyre margins
FRANKFURT, July 2 (Reuters) - German car parts supplier Continental AG CONG.DE said on Wednesday headwinds related to U.S. import tariffs and foreign exchange rates would hit sales and profits at its core tyre division in the second quarter.Quarterly sales at the division are expected to decrease sl...Reuters
Wed, Jul 2
Exclusive: Baseline launches inaugural product with E&S property DIC quake program
By Chris MunroJuly 2 - (The Insurer) - Baseline Risk Partners has brought its first product to market, with the San Diego, California-based startup program administrator launching an E&S property difference in conditions (DIC) earthquake coverage.The new program, which has been spearheaded by Wa...Reuters
Wed, Jul 2
Ukraine struggles to contain Russian summer advances as US aid stalls
Russia seeking to occupy all of eastern Donetsk regionUkrainian army supply routes under threat near two key towns Suspension of some US supplies hampering Ukraine, says analystRussian advances accelerated in June, says Ukrainian blog By Anastasiia Malenko and Aleksandar Vasovic KYIV, July 2 (Reu...Reuters
Wed, Jul 2
Motor racing-McLaren boss offers Brad Pitt second chance to hit 200 mph
By Alan Baldwin LONDON, July 2 (Reuters) - Brad Pitt's F1 movie is topping the box office charts worldwide but the Hollywood A-lister is not done with Formula One, or racing.Like his fictional big screen character Sonny Hayes, Pitt has been offered a second chance to don race overalls and la...Reuters
Wed, Jul 2
Glencore announces $1 billion share buyback
July 2 (Reuters) - Glencore GLEN.L said on Wednesday it will buy back shares worth $1 billion starting next week following the merger of global agribusiness Bunge Global BG.N with its grain handler Viterra. The miner, which will hold 16.4% of the enlarged company and $900 million in cash, considers ...Reuters
Wed, Jul 2
Gallagher Re names Aon's Muñoz as global fac CEO
By Rebecca DelaneyJuly 2 - (The Insurer) - Gallagher Re announced on Wednesday that Pablo Muñoz has been appointed to the newly created role of CEO of global facultative reinsurance.In his new role, which he assumed on Wednesday, Muñoz will lead a global network of facultative specialists to enhance...Reuters
Wed, Jul 2
Euro zone bond yields rise as debt sustainability worries resurface
By Samuel Indyk LONDON, July 2 (Reuters) - Euro zone government bond yields rose on Wednesday, taking their cues from Britain's gilts where yields spiked higher after the government scaled back plans to cut benefits, reigniting worries about global fiscal sustainability.British bonds suffered...Reuters
Wed, Jul 2
SGS Signs An Agreement To Acquire ATS, A Major American Player
July 2 (Reuters) - SGS SA SGSN.S:SGS SA - HAS SIGNED AN AGREEMENT TO ACQUIRE ATS, A MAJOR AMERICAN PLAYERSGS SA - ATS IS EXPECTED TO BRING USD 460 MILLION OF SALES AND USD 95 MILLION OF EBITDA BEFORE SYNERGIES IN 2026SGS SA - THIS TRANSACTION IS VALUED AT USD 1,325 MILLION CORRESPONDING TO A MULTIPL...Reuters
Wed, Jul 2
Willkie partner joins law firm formed by ex-Paul Weiss lawyers
By Sara Merken July 2 (Reuters) - A law firm formed recently by a group of prominent former Paul Weiss lawyers is continuing to make new hires, again adding a partner from one of the firms that made deals with President Donald Trump to avert an executive order targeting their businesses. W...Reuters
Wed, Jul 2
Sixth Street closes $5.1 billion acquisition of Enstar
By Mia MacGregorJuly 2 - (The Insurer) - Sixth Street has completed the acquisition of Enstar Group Limited for $338.00 per ordinary share in cash, totaling an equity value of $5.1 billion. Liberty Strategic Capital, JC Flowers & Co and other institutional investors also participated in the tran...Reuters
Wed, Jul 2
Israel says it is serious about reaching ceasefire, cites positive signs
July 2 (Reuters) - Foreign Minister Gideon Saar said on Wednesday Israel was serious about reaching a deal with the Palestinian Hamas group to end the war in Gaza and return the hostages held there to Israel."We are serious in our will to reach a hostage deal and a ceasefire. We said yes to (U.S...Reuters
Wed, Jul 2
Golf-Bradley names Woodland as fifth US Ryder Cup vice captain
July 2 (Reuters) - U.S. Ryder Cup captain Keegan Bradley on Wednesday has named Gary Woodland as the fifth and final vice captain of his team who will try to reclaim the trophy from Europe this year at Bethpage Black in New York.The 41-year-old Woodland, who counts the 2019 U.S. Open among his four ...Reuters
Wed, Jul 2
Tennis-Norrie returns to favourite Wimbledon stage to stun Tiafoe
By Martyn HermanLONDON, July 2 (Reuters) - Britain's Cameron Norrie returned to his favourite patch of Wimbledon turf to stun American 12th seed Frances Tiafoe and reach the third round with a 4-6 6-4 6-3 7-5 win on Wednesday.Court One might lack the aura of the All England Club's historic C...Reuters
Wed, Jul 2
New York Fed must face lawsuit over COVID vaccine firing, appeals court rules
By Jonathan Stempel NEW YORK, July 2 (Reuters) - A federal appeals court on Wednesday revived part of a lawsuit accusing the Federal Reserve Bank of New York of illegally firing two longtime employees who claimed religious objections against COVID-19 vaccinations.In a 3-0 decision, the 2nd U.S. C...Reuters
Wed, Jul 2
Axa XL adds Core Specialty’s Killingsworth as senior E&S underwriter
By Mia MacGregorJuly 2 - (The Insurer) - Axa XL has appointed Atlanta-based Victoria Killingsworth as senior underwriter for excess and surplus lines. Killingsworth joins from Core Specialty, where she spent two years as a senior underwriter for property. She previously held positions at Lexington I...Reuters
Wed, Jul 2
ADVISORY-Stray alert on silver price tagged to multiple silver miners withdrawn
An alert on silver price hitting a multi-year high tagged to Discovery Silver Corp DSV.TO, MAG Silver Corp MAG.TO, Magma Silver Corp MGMA.V, Silvercorp Metals Inc SVM.TO and Vizsla Silver Corp VZLA.TO was inadvertently published and has been withdrawn.There will no substitute. STORY_NUMBER:nTUAC05PW...Reuters
Wed, Jul 2
Baby oil and a torched Porsche: key moments from Sean 'Diddy' Combs' trial
Combs found guilty of prostitution-related offensesFaces maximum 10-year sentence on each of two countsWill avoid a 15-year mandatory minimum sentenceDefense asks judge to release Combs on bail NEW YORK, July 2 (Reuters) - Sean "Diddy" Combs will avoid a 15-year mandatory minimum sent...Reuters
Wed, Jul 2
Democratic FCC commissioner blasts Paramount settlement with Trump as 'desperate move'
July 2 (Reuters) - A Democrat on the Federal Communications Commission called Paramount's PARA.O $16 million settlement to resolve a lawsuit filed by U.S. President Donald Trump over a CBS News' 60 Minutes interview broadcast with rival Kamala Harris "a desperate move" to secure appr...Reuters
Wed, Jul 2
ReSource Pro buys insurance technology services firm Propellint
July 2 - (The Insurer) - Insurance business process solutions firm ReSource Pro, a service provider focused on the insurance industry, has acquired Propellint, a technology services firm based in Hartford, Connecticut. Propellint specializes in the implementation and support of insurance platforms, ...Reuters
Wed, Jul 2
General Dynamics gets $1.85 billion contract modification for submarine production
July 2 (Reuters) - General Dynamics Electric Boat, the submarine making unit of General Dynamics GD.N, said on Wednesday it received a $1.85 billion modification on its previously awarded contract for Virginia-class submarines.The modification is for long lead time material and preliminary construct...Reuters
Wed, Jul 2
