News
Important Only
THE DAY AHEAD-North America, May 29
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
Wed, May 28
Sean 'Diddy' Combs allegedly threatened to leak sex tapes of his ex
Hip-hop mogul threatened release to internet, stylist saysCombs fails in bid to have judge declare a mistrialDefense says Combs was not involved in alleged arsonBy Jack Queen and Luc Cohen NEW YORK, May 28 (Reuters) - Sean "Diddy" Combs routinely beat his ex-girlfriend and during fits...Reuters
Wed, May 28
Tennis-Raducanu outclassed by Swiatek but unbowed after French Open defeat
By Shrivathsa Sridhar PARIS, May 28 (Reuters) - Emma Raducanu admitted feeling exposed after a humbling second-round loss to defending French Open champion Iga Swiatek during her maiden appearance on Court Philippe Chatrier but the Briton said the experience had not left her demotivated.Raducanu ...Reuters
Wed, May 28
US judge grants Russian-born Harvard scientist bail in immigration case
Vermont federal judge grants bail in immigration case against Kseniia Petrova Federal judge in Boston to consider granting bail in criminal case next weekPetrova was detained after arriving at airport with frog embryosBy Nate Raymond May 28 (Reuters) - A federal judge in Vermont on Wednesday rule...Reuters
Wed, May 28
HP cuts annual profit forecast as tariffs weigh on demand
By Juby BabuMay 28 (Reuters) - HP Inc HPQ.N cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile.The uncertainty surrounding U.S. tariffs and associated inflationary pressures will negatively impact...Reuters
Wed, May 28
Synopsys forecasts quarterly revenue largely above estimates
May 28 (Reuters) - Synopsys SNPS.O forecast third-quarter revenue largely above Wall Street estimates on Wednesday, driven by strong demand for its semiconductor design software, as companies ramp up spending on AI chips.The company projected current-quarter revenue between $1.76 billion and $1.79 b...Reuters
Wed, May 28
Salesforce raises annual revenue forecast
May 28 (Reuters) - Salesforce CRM.N raised its revenue forecast for fiscal 2026 on Wednesday, as the enterprise software provider ramps up monetization of its artificial intelligence agents in a bid to reinvigorate growth. The company expects revenue to be between $41 billion and $41.3 billion, comp...Reuters
Wed, May 28
Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal
By Anuja Bharat Mistry May 28 (Reuters) - Model Hailey Bieber's makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millen...Reuters
Wed, May 28
Deals of the day-Mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :** Chipmaker Advanced Micro Devices AMD.O said it has acquired Enosemi, a builder of photonic integrated circuits, to expand its co-packaged optics offerings across AI systems.nL3N3S01A...Reuters
Wed, May 28
MercadoLibre's fintech unit to apply for banking license in Argentina
SAO PAULO, May 28 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Wednesday its fintech unit Mercado Pago will apply for a banking license from the central bank of Argentina.In a statement, Mercado Pago said the move is aimed at expanding "service offering within its 100%...Reuters
Wed, May 28
urban-gro Inc expected to post a loss of 24 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 May 30 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 4.7% decrease in revenue to $17.945 million from $18.84 million a year ago, acco...Reuters
Wed, May 28
EXCLUSIVE-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
By Echo Wang and Milana Vinn NEW YORK, May 28 (Reuters) - Cybersecurity firm Netskope has hired Morgan Stanley MS.N to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter.Netskope is aiming to go public as earl...Reuters
Wed, May 28
Judge denies US Copyright Office director's request to halt her firing
By Blake Brittain May 28 (Reuters) - A federal judge in Washington, D.C., on Wednesday rejected U.S. Copyright Office Director Shira Perlmutter's emergency bid to block the Trump administration from firing her.U.S. District Judge Timothy Kelly ruled during a hearing that Perlmutter had not sh...Reuters
Wed, May 28
Global Payments to sell payroll unit to fintech Acrisure for $1.1 billion
Global Payments selling non-core units to streamline businessAcrisure bolsters payroll offerings with Heartland buyGlobal Payments to return proceeds to shareholdersBy Arasu Kannagi Basil and Pritam Biswas May 28 (Reuters) - Global Payments GPN.N said on Wednesday it would sell its payroll divisi...Reuters
Wed, May 28
US authorities arrest Mexican immigrant who allegedly threatened to shoot Trump
By Ted Hesson WASHINGTON, May 28 (Reuters) - U.S. immigration authorities arrested a Mexican immigrant who allegedly threatened to shoot President Donald Trump, the U.S. Department of Homeland Security said on Wednesday.The man, Ramon Morales Reyes, 54, allegedly sent a letter to a U.S. Immigrati...Reuters
Wed, May 28
REFILE-Cenovus Energy scales back non-essential staff from Foster Creek facility
May 28 (Reuters) - Cenovus Energy CVE.TO said on Wednesday it was scaling back non-essential workforce from its Foster Creek facility in response to wildfires in Northern Alberta.The Canadian oil and gas producer added that it was closely monitoring the evolving wildfire situation in the region and ...Reuters
Wed, May 28
US judge bars Trump from killing New York congestion program
May 28 (Reuters) - A judge on Wednesday blocked the U.S. Transportation Department from withholding federal funding from New York as the Trump administration seeks to kill Manhattan's congestion pricing program.U.S. District Judge Lewis Liman, who a day earlier had issued a temporary restraining...Reuters
Wed, May 28
