News
Important Only
AFG combined ratio worsens to 94.0% and GWP drops 2% in Q1
By Michael LoneyMay 6 - (The Insurer) - American Financial Group has reported a 3.9 point deterioration in its specialty P&C insurance combined ratio in the first quarter of 2025, driven by higher catastrophe losses and a lower benefit from favourable reserve development.$1.81 core operating EPS...Reuters
Wed, May 7
Great Restaurant Development Holdings Ltd Files To Withdraw Us IPO Plans - SEC Filing
May 7 (Reuters) - Great Restaurant Development Holdings Ltd HPOT.O:GREAT RESTAURANT DEVELOPMENT HOLDINGS LTD FILES TO WITHDRAW US IPO PLANS - SEC FILINGGREAT RESTAURANT DEVELOPMENT HOLDINGS LTD: SAYS HAD PREVIOUSLY FILED FOR US IPO IN DEC 2024Source text: [ID:n0001641172-25-008908]Reuters
Wed, May 7
S&P Honda Motor Outlook Revised To Negative On Likely Impact Of U.S. Tariffs 'A-/A-2' Ratings Affirmed
May 7 (Reuters) - Honda Motor Co Ltd 7267.T:S&P: HONDA MOTOR OUTLOOK REVISED TO NEGATIVE ON LIKELY IMPACT OF U.S. TARIFFS; 'A-/A-2' RATINGS AFFIRMEDS&P: HONDA MOTOR'S PROFITABILITY TO LIKELY DECLINE MORE THAN PREVIOUSLY ASSUMED BECAUSE OF U.S. TARIFF HIKESS&P: HONDA MOTOR WIL...Reuters
Wed, May 7
TABLE-EU Commission sells 3-month EU-Bills at average yield of 2.029%
May 7 (Reuters) - The European Commission, on behalf of the European Union, carried out on Wednesday an EU-Bills auction. The results of this auction are as follows: EU-BillsEU-BillsEU-BillsISINEU000A4D5544EU000A4EAKN8EU000A4EAKP3Date of auction07-05-202507-05-202507-05-2025Settlement date09-05-20...Reuters
Wed, May 7
Putin and Venezuela's Maduro to sign strategic partnership pact
MOSCOW, May 7 (Reuters) - Russian President Vladimir Putin will hold talks with Venezuelan President Nicolas Maduro in Moscow on Wednesday and the two leaders will sign a strategic partnership agreement, the Kremlin said.Spokesman Dmitry Peskov told reporters it would be a "weighty, substantial ...Reuters
Wed, May 7
Clear Channel Outdoor Holdings, Inc. Agrees To Sell Its Brazil Business To An Affiliate Of Eletromidia S.A.
May 7 (Reuters) - Clear Channel Outdoor Holdings Inc CCO.N:CLEAR CHANNEL OUTDOOR HOLDINGS, INC. AGREES TO SELL ITS BRAZIL BUSINESS TO AN AFFILIATE OF ELETROMIDIA S.A.CLEAR CHANNEL OUTDOOR HOLDINGS INC - DEAL VALUED AT APPROXIMATELY R$80 MILLION OR US$14 MILLIONReuters
Wed, May 7
Cummins Inc - Enters Underwriting Agreement With Major Banks - SEC Filing
May 7 (Reuters) - Cummins Inc CMI.N:CUMMINS INC - ENTERS UNDERWRITING AGREEMENT WITH MAJOR BANKS - SEC FILINGCUMMINS INC - TO SELL $300 MILLION 4.250% NOTES DUE 2028 - SEC FILINGCUMMINS INC - TO SELL $700 MILLION 4.700% NOTES DUE 2031 - SEC FILINGCUMMINS INC - TO SELL $1 BILLION 5.300% NOTES DUE 203...Reuters
Wed, May 7
CrowdStrike Holdings Inc - Expects Q1 Fiscal 2026 Results In-Line Or Above Guidance - SEC Filing
May 7 (Reuters) - CrowdStrike Holdings Inc CRWD.O:CROWDSTRIKE HOLDINGS INC - EXPECTS Q1 FISCAL 2026 RESULTS IN-LINE OR ABOVE GUIDANCE - SEC FILINGCROWDSTRIKE HOLDINGS INC - REAFFIRMS GUIDANCE FOR FISCAL YEAR 2026 - SEC FILINGCROWDSTRIKE HOLDINGS INC - PLAN TO REDUCE APPROXIMATELY 500 POSITIONS OR 5%...Reuters
Wed, May 7
Grab looks to strike a deal to acquire Indonesia's GoTo in Q2, sources say
By Yantoultra Ngui, Kane Wu and Fanny PotkinSINGAPORE/HONG KONG, May 7 (Reuters) - U.S.-listed ride-hailing and food delivery firm Grab GRAB.O is looking to strike a deal to take over smaller Indonesian rival GoTo GOTO.JK in the second quarter, two sources with knowledge of the matter said.Singapore...Reuters
Wed, May 7
Bunge beats quarterly profit estimates
May 7 (Reuters) - Bunge BG.N beat Wall Street expectations for first-quarter profit on Wednesday as the grain trader and processor benefited from higher processing margins.The Missouri-based company posted an adjusted profit of $1.81 per share for the three months ended March 31, compared with analy...Reuters
Wed, May 7
EUROPE RESEARCH ROUNDUP-British Land, Imperial Brands, Vodafone
May 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including British Land, Imperial Brands and Vodafone on Wednesday. HIGHLIGHTS* Aena AENA.MC: Citigroup raises target price to EUR 220 from EUR 210* British Land BLND.L: Peel Hunt raises targe...Reuters
Wed, May 7
EXCLUSIVE-Charles River agrees with Elliott to add new directors, review business
By Svea Herbst-Bayliss BEVERLY HILLS, May 7 (Reuters) - Pharmaceutical company Charles River Laboratories CRL.N has reached a settlement with activist investor Elliott Investment Management to add four new directors to its board and launch a strategic review of the business, two sources familiar ...Reuters
Wed, May 7
Low-cost carriers hit hardest by US travel demand slump
Budget carriers struggle with profitability, cut schedules to protect marginsFull-service airlines benefit from loyalty programs and premium product offeringsFrontier CEO predicts recession will benefit low-cost carriersBy Rajesh Kumar Singh CHICAGO, May 7 (Reuters) - A slump in travel demand due...Reuters
Wed, May 7
BREAKINGVIEWS-Capital intensity will reprogram Big Tech values
By Jeffrey Goldfarb NEW YORK, May 7 (Reuters Breakingviews) - Big Tech is attempting the mother of all pivots. Although startups from Twitter to Instagram are renowned for remaking their businesses on the fly, none compares to the scale of the transformations underway at Microsoft MSFT.O and othe...Reuters
Wed, May 7
Kremlin calls attempted Ukrainian drone strikes on Moscow before World War Two parade 'terrorism'
MOSCOW, May 7 (Reuters) - The Kremlin on Wednesday said that attempted overnight Ukrainian drone attacks on Moscow ahead of the commemorations of the 80th anniversary of Nazi Germany's defeat showed Kyiv's tendency to commit "acts of terrorism." In a call with reporters, Kremlin spo...Reuters
Wed, May 7
Deals of the day-Mergers and acquisitions
May 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Japanese drugmaker Shionogi 4507.T said that it will acquire Torii Pharmaceutical 4551.T, a subsidiary of Japan Tobacco 2914.T, for more than 150 billion yen ($1.05 billion).nL4N3RF0M...Reuters
Wed, May 7
Magnera Corp - Reaffirming Post-Merger Ad Free Cash Flow Range & Lowering FY Comparable Adjusted EBITDA Range
May 7 (Reuters) - Magnera Corp MAGN.N:MAGNERA CORP - REAFFIRMING POST-MERGER AD FREE CASH FLOW RANGE & LOWERING FY COMPARABLE ADJUSTED EBITDA RANGEMAGNERA CORP OUTLOOK FISCAL YEAR 2025 COMPARABLE ADJUSTED EBITDA OF $360 MILLION - $380 MILLIONMAGNERA CORP : Q2 NET SALES $824 MILLIONReuters
Wed, May 7
