News
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Honeywell expected to add Elliott's Marc Steinberg to board, WSJ reports
May 28 (Reuters) - Honeywell HON.O is expected to add activist Elliott Investment Management's Marc Steinberg to its board at the end of May, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.Reuters
Wed, May 28
Sports-From batting to bowling: India's Kohli invests in World Bowling League
By Amlan Chakraborty NEW DELHI, May 28 (Reuters) - The proposed World Bowling League has received a major boost after marquee India cricketer Virat Kohli came on board as a strategic investor on Wednesday.Apart from being the leading name in international cricket, Kohli is a social media phenomen...Reuters
Wed, May 28
Bank of Montreal quarterly profit rises on wealth management strength
May 28 (Reuters) - Canadian lender Bank of Montreal BMO.TO reported a rise in second-quarter profit on Wednesday, helped by strength in its wealth management business.The bank's adjusted net income rose to C$2.05 billion ($1.48 billion), or C$2.62 per share, in the three months ended April 30, ...Reuters
Wed, May 28
Kremlin on Trump's 'playing with fire' comments: National interests paramount for Putin
MOSCOW, May 28 (Reuters) - Kremlin spokesman Dmitry Peskov, in comments about U.S. President Donald Trump's remark that Vladimir Putin was "playing with fire" by refusing to engage in ceasefire talks with Kyiv, said the national interest was paramount for the Russian leader.He also said ...Reuters
Wed, May 28
Germany's Techem still seeking deal after TPG withdraws as buyer, CEO says
By Emma-Victoria Farr FRANKFURT, May 28 (Reuters) - German energy firm Techem continues to work towards a deal after its sale to U.S. financial investor TPG TPG.O and sovereign wealth fund GIC fell through earlier this month, the company's CEO Matthias Hartmann said late on Tuesday.The potent...Reuters
Wed, May 28
Turkey's foreign minister to visit Kyiv after talks in Moscow on peace efforts
ANKARA, May 28 (Reuters) - Turkey's foreign minister will travel to Kyiv on Thursday for a two-day visit after discussing peace efforts to end Russia's war in Ukraine in Moscow earlier this week, a Turkish Foreign Ministry source said on Wednesday.Foreign Minister Hakan Fidan held talks in M...Reuters
Wed, May 28
EXCLUSIVE-Amazon's in-car software deal with Stellantis fizzles
Amazon and Stellantis' SmartCockpit partnership is winding down, the companies sayThe project is the latest software effort to stall out at a Detroit automakerThe companies planned to make the car an extension of home through technologyBy Nora Eckert and Greg Bensinger DETROIT, May 28 (Reuter...Reuters
Wed, May 28
BREAKINGVIEWS-SPACs trigger bad case of Wall Street amnesia
By Jeffrey Goldfarb NEW YORK, May 28 (Reuters Breakingviews) - Tragedy plus time is the formula for comedy, but on Wall Street it equals opportunity. Wait a while and even the costliest failures will be resurrected. Look no further than the phenomenon of cash-stuffed shells designed to find takeo...Reuters
Wed, May 28
INSIGHT-How Mexico's cartels recruit children and groom them into killers
Children are prime recruits for cartels seeking loyal - and enthusiastic - recruits Reuters interviewed 16 current and past child recruits Most came from homes wrecked by violence and drugsBy Lizbeth Diaz MEXICO CITY, May 28 (Reuters) - Sol remembers her first kill for a Mexican cartel: a kidnapp...Reuters
Wed, May 28
Israel's Gaza aid model is 'distraction from atrocities', UNRWA chief says
By John Geddie TOKYO, May 28 (Reuters) - The head of the U.N. agency for Palestinian refugees said on Wednesday Israel's model for providing aid to Gaza was wasteful and a "distraction from atrocities", criticising a chaotic distribution by a U.S.-backed foundation this week. On Tue...Reuters
Wed, May 28
Deals of the day-Mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT : ** Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit at a steep discount, a docum...Reuters
Wed, May 28
3M India posts profit fall for third straight quarter on higher costs
May 28 (Reuters) - 3M India TMIN.NS reported a fall in profit for the third straight quarter on Wednesday as higher costs overshadowed demand for its diversified products such as 'Post it' notes and 'Scotch Brite' scouring pads.The company's profit after tax slumped 59% to 713.7 ...Reuters
Wed, May 28
Congo ex-president Kabila visits rebel-held Goma for talks, associates say
Kabila accused of supporting M23 insurgency in east CongoReported trip comes after senate voted to lift his immunityEx-president has not been seen in public in Goma May 28 (Reuters) - Congolese former president Joseph Kabila has arrived in the rebel-held eastern city of Goma for talks with locals...Reuters
Wed, May 28
Ford recalls more than 1 million vehicles in the US, NHTSA says
May 28 (Reuters) - Ford Motor F.N is recalling 1,075,299 vehicles in the United States over an issue that may prevent the rearview camera from displaying images increasing the risk of a crash, the National Highway Traffic Safety Administration said on Wednesday.The recall affects certain vehicles am...Reuters
Wed, May 28
AM Best assigns A-minus rating to newly-licensed Peak Re North America
By Michael LoneyMay 28 - (The Insurer) - AM Best has assigned a financial strength rating of A-minus (excellent) and a long-term issuer credit rating of a-minus to Peak Reinsurance North America, a Bermuda-based subsidiary of Hong Kong-based reinsurer Peak Re.The ratings reflect Peak Re NA’s inclusi...Reuters
Wed, May 28
