News
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Berkshire Hathaway's share price fall drags US insurance composite 1.3% lower
By Carlos PallordetMay 13 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co underperformed all broader market indexes last week, despite a run of relatively positive earnings announcements.The S&P 500 declined 0.5% for the week while the N...Reuters
Tue, May 13
Nutresa sells Colombian Starbucks franchise stake to Mexico's Alsea
BOGOTA, May 13 (Reuters) - Colombian processed food company Nutresa NCH.CN said it sold its 30% stake in the country's Starbucks SBUX.O franchise operator to a unit of Mexican restaurant chain Alsea ALSEA.MX.In a statement on Monday night, Nutresa said it had signed a contract with Alsea unit Ca...Reuters
Tue, May 13
Congo's battle against M23 strains public finances, IMF says
May 13 (Reuters) - An escalation of fighting in eastern Democratic Republic of Congo has strained the Central African nation's public finances, the International Monetary Fund said on Tuesday.Rwanda-backed M23 rebels have staged an unprecedented advance in eastern Congo this year, triggering a f...Reuters
Tue, May 13
Citi to sell wealth alternatives unit to fintech firm iCapital
May 13 (Reuters) - Wall Street heavyweight Citigroup C.N has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business.The unit, Citi Global Alternatives, represents more than 180 funds distributed by the ba...Reuters
Tue, May 13
New Cannes dress code forces Halle Berry to switch outfits
By Miranda Murray CANNES, France, May 13 (Reuters) - Oscar-winning actress Halle Berry was caught off-guard by the Cannes Film Festival's updated dress code and had to switch her outfit choice last minute, she told journalists on Tuesday. Under the rules, nudity is not allowed on the red car...Reuters
Tue, May 13
Invivyd Inc expected to post a loss of 3 cents a share - Earnings Preview
Invivyd Inc IVVD.OQ IVVD.O is expected to show a rise in quarterly revenue when it reports results on May 15 for the period ending March 31 2025The Waltham Massachusetts-based company is expected to report revenue of $34.45 million, according to the mean estimate from 3 analysts, based on LSEG dat...Reuters
Tue, May 13
Ideal Power Inc expected to post a loss of 30 cents a share - Earnings Preview
Ideal Power Inc IPWR.OQ IPWR.O is expected to report resultson May 15 for the period ending March 31 2025The Austin Texas-based company is expected to report revenue of $10 thousand, according to the estimate from one analyst, based on LSEG data.LSEG's mean analyst estimate for Ideal Power Inc...Reuters
Tue, May 13
US consumer finance watchdog proposes scrapping bad actor registry
May 13 (Reuters) - The U.S. Consumer Financial Protection Bureau is proposing to do away with a registry of nonbank corporate offenders, which was created under the Biden administration to track companies caught violating consumer laws, according to a notice submitted on Tuesday to the Federal Regis...Reuters
Tue, May 13
Edible Garden AG Inc expected to post a loss of $3.03 a share - Earnings Preview
Edible Garden AG Inc EDBL.OQ EDBL.O is expected to show a rise in quarterly revenue when it reports results on May 15 for the period ending March 31 2025The Belvidere New Jersey-based company is expected to report a 22.0% increase in revenue to $3.821 million from $3.13 million a year ago, accordi...Reuters
Tue, May 13
ADVISORY-Dated alert on MeiraGTx collaboration with Hologen AI withdrawn
An alert on MeiraGTx Holdings announcing a $200 million strategic collaboration with Hologen AI has been withdrawn as the news was dated. For the correct set of alerts on MeiraGTx-Hologen AI collaboration from March 13, click nTUAPX6JDSTORY_NUMBER: nFWN3RL0UDSTORY_DATE: 13/05/2025 STORY_TIME: 12:16 ...Reuters
Tue, May 13
REFILE-US senator calls for stronger ethics commitments from Trump deputy health secretary pick
By Ahmed AbouleneinWASHINGTON, May 13 (Reuters) - Democratic U.S. Senator Elizabeth Warren called on President Donald Trump's nominee for deputy U.S. health secretary to recuse himself from decisions related to former clients and employers in the healthcare industry for at least four years.Jim O...Reuters
Tue, May 13
United to show off new 787 interiors as it seeks to reassure Newark customers
By David Shepardson NEW YORK, May 13 (Reuters) - United Airlines UAL.O on Tuesday is unveiling upgraded interiors on new Boeing BA.N 787 Dreamliners as it seeks to reassure customers after a series of issues and hundreds of flight disruptions in recent weeks at its nearby hub of Newark Liberty In...Reuters
Tue, May 13
Palvella Therapeutics Inc expected to post a loss of $1.21 a share - Earnings Preview
Palvella Therapeutics Inc PVLA.OQ PVLA.O is expected to report resultson May 15 for the period ending March 31 2025LSEG's mean analyst estimate for Palvella Therapeutics Inc is for a loss of $1.21 per share. The current average analyst rating on the shares is "buy" and the breakdown of ...Reuters
Tue, May 13
Venus Concept Inc expected to post a loss of $14.08 a share - Earnings Preview
Venus Concept Inc VERO.OQ VERO.O is expected to show a fall in quarterly revenue when it reports results on May 15 for the period ending March 31 2025The Toronto Ontario-based company is expected to report a 20.0% decrease in revenue to $13.992 million from $17.48 million a year ago, according to ...Reuters
Tue, May 13
US-China trade respite eases EU fears of being flooded with Chinese goods
BRUSSELS, May 13 (Reuters) - The easing of trade tensions between the United States and China is a step in the right direction and helps reduce European fears of being flooded with Chinese goods redirected from the U.S. market, European Economic Commissioner Valdis Dombrovskis said.Speaking to repor...Reuters
Tue, May 13
ESPN Says New Direct-To-Consumer (Dtc) Streaming Service Will Be Named Espn, Unlimited Plan Priced At $29.99 Per Month
May 13 (Reuters) - ESPN: NEW DIRECT-TO-CONSUMER (DTC) STREAMING SERVICE WILL BE NAMED ESPN, UNLIMITED PLAN PRICED AT $29.99 PER MONTHSource text: https://tinyurl.com/53s68hc5Reuters
Tue, May 13
Venbrook promotes Lang to president of retail P&C
By Isha MaratheMay 13 - (The Insurer) - U.S. insurance broker Venbrook Group has promoted Jeff Lang, former executive vice president in the retail division, to the newly created position of president of retail property and casualty.Lang, who joined the company in 2022, will guide national strategy ...Reuters
Tue, May 13
Lantern Pharma Inc expected to post a loss of 49 cents a share - Earnings Preview
Lantern Pharma Inc LTRN.OQ LTRN.O is expected to show no change in quarterly revenue when it reports results on May 15 for the period ending March 31 2025LSEG's mean analyst estimate for Lantern Pharma Inc is for a loss of 49 cents per share. The current average analyst rating on the shares is...Reuters
Tue, May 13
Atkinsrealis Group Inc expected to post earnings of 52 cents a share - Earnings Preview
Atkinsrealis Group Inc ATRL.TO is expected to show a rise in quarterly revenue when it reports results on May 15 for the period ending March 31 2025The Montreal Quebec-based company is expected to report a 5.1% increase in revenue to C$2.38 billion from C$2.26 billion a year ago, according to the...Reuters
Tue, May 13
