News
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Home Depot to keep prices steady but says tariffs may make some items unavailable
Home Depot enjoys steady customer spending on smaller projects and spring demandMaintains annual forecasts for sales and profitPlans to not raise prices in response to Trump's tariffsSRS Distribution performing above expectations, executives sayBy Savyata Mishra and Nicholas P. Brown May 20 ...Reuters
Tue, May 20
US set to announce Newark flight cuts to reduce congestion, officials say
May 20 (Reuters) - The U.S. Transportation Department will announce on Tuesday that it is moving forward with temporary cuts to flights at Newark after meetings with major U.S. airlines to address congestion impacts, airline officials said Tuesday.The Federal Aviation Administration is going to anno...Reuters
Tue, May 20
Thoma Bravo's Nearmap to buy insurance tech firm itel for over $1.3 billion
By Ateev Bhandari and Pritam Biswas May 20 (Reuters) - Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios.The deal values itel at over $1.3 bil...Reuters
Tue, May 20
Venezuela minister says American detainee handed over to Trump envoy in Antigua
CARACAS, May 20 (Reuters) - Venezuela information minister Freddy Nazareth Nanez said in a message to Reuters on Tuesday that an American detainee was handed over to Richard Grenell, an envoy of U.S. President Donald Trump in Antigua.Reuters
Tue, May 20
Julius Baer Gruppe Says Oliver Bartholet Is Retiring, Ivan Ivanic Will Replace Him As Chief Risk Officer
May 20 (Reuters) - Julius Baer Gruppe AG BAER.S:JULIUS BAER GRUPPE AG - GROUP CURRENTLY EXPECTS THAT IFRS NET PROFIT FOR FIRST HALF YEAR OF 2025 WILL BE LESS THAN THE ONE IN FIRST HALF YEAR OF 2024JULIUS BAER GRUPPE AG - OLIVER BARTHOLET IS RETIRING, IVAN IVANIC WILL REPLACE HIM AS CHIEF RISK OFFICE...Reuters
Tue, May 20
Wizz Air becomes first airline to operate P&W-powered Airbus A321XLR jet
May 20 (Reuters) - Hungarian low-cost airline Wizz Air WIZZ.L has received its first Airbus AIR.PA A321XLR jet, the plane maker said on Tuesday, becoming the world's first carrier to operate the ultra-long-range aircraft powered by Pratt & Whitney's (P&W) GTF engine.Wizz Air, which f...Reuters
Tue, May 20
Meitu Plans To Enter Into Strategic Collaborations With Alibaba.Com China
May 20 (Reuters) - Meitu Inc 1357.HK:PLANS TO ENTER INTO STRATEGIC COLLABORATIONS WITH ALIBABA.COM CHINAWILL ISSUE CONVERTIBLE BONDS TO SUBSCRIBER WITH A TOTAL PRINCIPAL AMOUNT OF US$250 MILLIONCOLLABORATION IN AREAS SUCH AS E-COMMERCE, AI TECHNOLOGY, AND CLOUD COMPUTING CAPABILITIESReuters
Tue, May 20
Trump migrant detentions at Guantanamo Bay cost $100,000 per person daily, senator says
U.S. official says about 70 migrants now at GuanatanamoSenator Peters criticizes 'outrageous' wasteful spendingBy Ted Hesson WASHINGTON, May 20 (Reuters) - President Donald Trump's use of the Guantanamo Bay naval base to house migrants appears to cost $100,000 per day for each detaine...Reuters
Tue, May 20
Israeli PM orders return of delegation holding ceasefire talks from Qatar
May 20 (Reuters) - Israeli Prime Minister Benjamin Netanyahu has ordered the return of a delegation holding Gaza ceasefire talks in Qatar, though a small team will remain in Doha to continue the talks, Israeli media reported on Tuesday.Reuters
Tue, May 20
EXCLUSIVE-Syrian leadership approved return of dead spy archive to Israel, sources say
Eli Cohen was legendary undercover Israeli agent in 1960s SyriaSyria's gesture aimed at reducing tensions, staving off Israeli attacks, sources saySyrian President Sharaa met Trump in Saudi Arabia last weekBy Suleiman Al-Khalidi and Timour Azhari AMMAN/DAMASCUS, May 20 (Reuters) - Syria's...Reuters
Tue, May 20
ANALYSIS-Trump-Putin call on war in Ukraine is another blow to Kyiv and its allies
Ukraine and allies disappointed by Trump-Putin call - diplomatsNo sign of immediate US pressure on Moscow to push for peaceEurope and Ukraine agree to tighten sanctions neverthelessPutin appears in no rush to end the war he startedRussia makes battlefield gains, US aid to Ukraine uncertainBy Tom Bal...Reuters
Tue, May 20
U.S. RESEARCH ROUNDUP-Blue Owl Capital, Celanese, Immunitybio
May 20 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Blue Owl Capital, Celanese and Immunitybio, on Tuesday. HIGHLIGHTS* Blue Owl Capital Inc OWL.N: KBW raises to outperform from market perform* Celanese Corp CE.N: BMO...Reuters
Tue, May 20
US FDA advisers to consider if new COVID shots should target LP.8.1 subvariant
May 20 (Reuters) - Advisers to the U.S. Food and Drug Administration will discuss recommendations for updated COVID-19 vaccines ahead of the upcoming immunization campaign, including if these shots should target the LP.8.1 subvariant, documents filed on Tuesday showed.The documents, posted ahead of ...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 Motor Co Ltd 7201.T:NISSAN NORTH AMERICA TARGETS NEARLY $2 BILLION IN COST CUTS TO SHIFT OUT OF ‘CRISIS MODE’ - AUTOMOTIVE NEWSSource text: https://tinyurl.com/2p67tavyReuters
Tue, May 20
Apple to open its AI models to developers, Bloomberg News reports
May 20 (Reuters) - Apple AAPL.O is preparing to allow third-party developers to write software using its artificial intelligence models, in a push to boost the creation of new applications, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.The tech major is working on a ...Reuters
Tue, May 20
Andreessen Horowitz-backed studio Promise partners with Google on AI, adds investors
May 20 (Reuters) - Generative AI studio Promise, backed by venture capital firm Andreessen Horowitz, said on Tuesday that it had partnered with Alphabet's GOOGL.O Google to use its AI technologies.The startup has also expanded its investor base, with new backing from Google's AI Futures Fund...Reuters
Tue, May 20
Rubio says US has expressed to UAE, others that they are turning conflict in Sudan into proxy war
WASHINGTON, May 20 (Reuters) - The United States has expressed to the United Arab Emirates and other countries that they are turning the conflict in Sudan into a proxy war, U.S. Secretary of State Marco Rubio said on Tuesday.Rubio told the Senate Foreign Relations Committee that Washington wanted to...Reuters
Tue, May 20
Microsoft to add Anthropic's AI coding agent to its GitHub service
SEATTLE, May 20 (Reuters) - Microsoft MSFT.O said it will add an artificial intelligence coding agent from Google-backed startup Anthropic to its GitHub service.Coding agents can carry out software development tasks, such as fixing bugs, on a human developer's behalf. Microsoft on Monday introdu...Reuters
Tue, May 20
