News
Important Only
RPT-ADVISORY-Alerts on Nissan North America and Wolfspeed withdrawn
May 20 (Reuters) - Alerts on Nissan North America targeting nearly $2 billion in cost cuts and Wolfspeed preparing to file for bankruptcy within weeks have been withdrawn as they were incorrectly tagged to the same chain. For the correct set of alerts on Nissan North America targeting nearly $2 bill...Reuters
Tue, May 20
Ford Motor Is Pulling Back More On Its Electric Vehicle Ambitions, By Letting Nissan Use Part Of Its Flagship U.S. Battery Plant- WSJ
May 20 (Reuters) - FORD MOTOR IS PULLING BACK MORE ON ITS ELECTRIC VEHICLE AMBITIONS, BY LETTING NISSAN USE PART OF ITS FLAGSHIP U.S. BATTERY PLANT- WSJSource: https://tinyurl.com/3umwkdw3Reuters
Tue, May 20
Ice hockey-U.S. beat holders Czech Republic at worlds, Canada overpower Sweden
HERNING, Denmark, May 20 (Reuters) - The United States came out on top of an ill-tempered affair and beat holders Czech Republic 5-2 at the men's World Championships on Tuesday to finish second in Group B, while Canada topped their group after a 5-3 win over co-hosts Sweden.The U.S., who have fa...Reuters
Tue, May 20
US intel suggests Israel preparing strike on Iran's nuclear facilities, CNN reports
May 20 (Reuters) - New intelligence obtained by the United States suggests that Israel is preparing to strike Iranian nuclear facilities, CNN reported on Tuesday, citing multiple U.S. officials familiar with the matter.It was not clear whether Israeli leaders have made a final decision, CNN added, c...Reuters
Tue, May 20
Nissan North America Targets Nearly $2 Billion In Cost Cuts To Shift Out Of 'Crisis Mode' - Automotive News
May 20 (Reuters) - NISSAN NORTH AMERICA TARGETS NEARLY $2 BILLION IN COST CUTS TO SHIFT OUT OF ‘CRISIS MODE’ - AUTOMOTIVE NEWSSource text: https://www.autonews.com/nissan/an-nissan-to-downsize-us-workforce-0520/Reuters
Tue, May 20
Wolfspeed prepares to file for bankruptcy within weeks, WSJ reports
May 20 (Reuters) - Semiconductor supplier Wolfspeed Inc WOLF.N is preparing to file for bankruptcy within weeks, as it struggles to address its debt pile, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter.Reuters
Tue, May 20
Ultra High Point Holdings Ltd Files For U.S. IPO Of Up To 2.2 Million Ordinary Shares - SEC Filing
ULTRA HIGH POINT HOLDINGS LTD FILES FOR U.S. IPO OF UP TO 2.2 MILLION ORDINARY SHARES - SEC FILINGULTRA HIGH POINT HOLDINGS LTD - IPO PRICE EXPECTED BETWEEN $4.00 AND $5.00 PER SHARE - SEC FILINGULTRA HIGH POINT HOLDINGS LTD SAYS BANCROFT CAPITAL, LLC IS UNDERWRITER TO IPOULTRA HIGH POINT HOLDINGS L...Reuters
Tue, May 20
James Hardie Industries Posts Q4 Sales Of $972 Million
May 21 (Reuters) - James Hardie Industries PLC JHX.AX:Q4 SALES USD 972 MILLIONQ4 ADJUSTED NET INCOME USD 156 MILLIONQ4 ADJUSTED EBIT USD 209.2 MILLIONQ4 ADJUSTED EBIT MARGIN 21.5%SEES FY26 NORTH AMERICA EBITDA MARGIN: AROUND 35.0%SEES FY26 TOTAL ADJUSTED EBITDA GROWTH: UP LOW SINGLE-DIGITSReuters
Tue, May 20
Kraft Heinz looking at M&A opportunities as packaged foods demand slows
May 20 (Reuters) - Packaged foods giant Kraft Heinz KHC.N said it was looking at strategic transactions as consumer demand for its pricey snacks and ready-to-eat meals weakens due to an uncertain economic environment and high inflation.The company has been looking for potential merger and acquisitio...Reuters
Tue, May 20
REFILE-Former Progressive CEO and chairman Glenn Renwick dies at 69
By Isha MaratheMay 20 - (The Insurer) - Former Progressive Corporation CEO and chairman Glenn Renwick has died at the age of 69 following a car accident.Renwick spent over three decades at Progressive, beginning his career with the personal lines giant in 1986 and stepping down in 2016 following a ...Reuters
Tue, May 20
Kevin Spacey 'glad to be working' as he is feted in Cannes
CANNES, France, May 20 (Reuters) - Oscar-winning U.S. actor Kevin Spacey said that "it was nice to be back" at an awards ceremony on the sidelines of the Cannes Film Festival on Tuesday evening.Spacey, who won Oscars for "American Beauty" and "The Usual Suspects", was one of ...Reuters
Tue, May 20
In case against lawmaker, Justice Department shows readiness to act against Trump foes
Democrat McIver charged over detention center scuffleCongresswoman sees charges as politically motivatedMcIver's lawyer says agents mishandled confrontationBy Andrew Goudsward WASHINGTON, May 20 (Reuters) - The move by the top federal prosecutor in New Jersey to charge a Democratic U.S. congr...Reuters
Tue, May 20
Gabbard adviser's email on Tren de Aragua assessment raises concern inside intel agencies
DNI chief of staff acknowledges in email that Venezuela may not have specifically directed gang activityTrump administration has used Tren de Aragua to justify deportationsRemovals of top intelligence analysts spark worry in intel agencies By Erin BancoNEW YORK, May 20 (Reuters) - A top adviser to...Reuters
Tue, May 20
