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US tariff refunds start rolling out as Oshkosh, Basic Fun report receiving payments
By Timothy AeppelMay 12 (Reuters) - Heavy-truck maker Oshkosh Corp and toy maker Basic Fun on Tuesday both said they had received partial payments of the refunds they had sought of the import tariffs they had paid under the Trump administration that were invalidated earlier this year by the U.S. Sup...Reuters
Tue, May 12
THE DAY AHEAD-North America, May 13
To access a PDF version of this newsletter, please click hereYou can read The Day Ahead via TOPNEWS - U.S Companies or Canada page.If you would like to receive this newsletter through your email,please register at: https://solutions.lseg.com/TDA-subscription-pageFor Morning News Call U.S. -- a previ...Reuters
Tue, May 12
Canada's Goeasy posts larger than expected Q1 adjusted loss
OverviewCanada non-prime lender's Q1 revenue rose 2% yr/yr to C$413 mlnAdjusted diluted loss per share came in larger than analyst expectationsCompany suspended dividend and share buybacks to preserve capital and liquidityOutlookGoeasy sees Q2 gross consumer loans receivable at C$4.9 bln to C$5....Reuters
Tue, May 12
OpenAI chief Sam Altman denies betraying Elon Musk, defends for-profit push at trial
Altman says Musk backed for-profit plan, rejects claim of betrayalMusk seeks $150 billion in damages to be paid to OpenAI nonprofitLawyer for Musk challenges Altman's honestyTestimony may end this week, deliberations possible next weekBy Kenrick Cai, Deepa Seetharaman and Jonathan Stempel OAK...Reuters
Tue, May 12
Upexi Q3 net loss widens on digital asset losses; cuts jobs
OverviewCompany posted $109.3 mln net loss, mainly from $92.3 mln unrealized digital asset lossesUS Solana-focused digital asset treasury's fiscal Q3 revenue rose 45% yr/yrCompany reduced operational costs by cutting employee count to 10 and eliminating a warehouse leaseOutlookCompany estimates ...Reuters
Tue, May 12
Sono Group NV - Files Shelf Registration For Offerings Up To $100 Million - SEC Filing
May 12 (Reuters) - Sono Group NV 57L.F:SONO GROUP NV - FILES SHELF REGISTRATION FOR OFFERINGS UP TO $100 MILLION - SEC FILINGSONO GROUP NV - MAY OFFER UP TO $100 MILLION OF SHARES, PREFERRED SHARES, DEBT, WARRANTS, RIGHTS, UNITS - SEC FILINGSource text: [ID:n0001171843-26-003312]Reuters
Tue, May 12
US budget watchdog estimates Golden Dome will cost $1.2 trillion, dwarfing Pentagon's $185 billion estimate
By Mike Stone WASHINGTON, May 12 (Reuters) - The nonpartisan Congressional Budget Office estimated on Tuesday that U.S. President Donald Trump's Golden Dome missile defense shield could cost about $1.2 trillion to develop, deploy and operate over 20 years, a figure that dwarfs a $185 billion ...Reuters
Tue, May 12
FCC approves $40 billion sale of EchoStar spectrum to SpaceX, AT&T
By David ShepardsonWASHINGTON, May 12 (Reuters) - The U.S. Federal Communications Commission said Tuesday it approved EchoStar's $40 billion sale of wireless spectrum to SpaceX and AT&T because the move would boost connectivity across the country.EchoStar is selling approximately 50 megahert...Reuters
Tue, May 12
CORRECTED-Resideo Technologies Q1 revenue rises, adjusted EPS up
OverviewUS sensing and controls maker's preliminary Q1 revenue grew 8% yr/yrAdjusted EPS for preliminary Q1 rose 3% yr/yrCompany says growth driven by price realization and new product demandOutlookResideo re-affirms 2026 net revenue outlook of $7.8 bln to $7.9 blnCompany sees Q2 2026 net revenu...Reuters
Tue, May 12
Colombia's Ecopetrol posts 7.7% profit drop in Q1
BOGOTA, May 12 (Reuters) - Colombia's state oil producer Ecopetrol ECO.CN on Tuesday reported a 7.7% drop in net profit in the first three months of 2026 from a year earlier, landing at 2.89 trillion pesos ($768 million).The energy company's total sales for the January-March period came in a...Reuters
Tue, May 12
Brookfield Bancshares And First National Bank Of Brookfield Announce Execution Of Merger Agreement To Acquire NSTS Bancorp, And North Shore Trust And Savings
May 12 (Reuters) - NSTS Bancorp Inc NSTS.O:BROOKFIELD BANCSHARES, INC. AND FIRST NATIONAL BANK OF BROOKFIELD ANNOUNCE EXECUTION OF MERGER AGREEMENT TO ACQUIRE NSTS BANCORP, INC. AND NORTH SHORE TRUST AND SAVINGSNSTS BANCORP INC: TRANSACTION VALUED AT APPROXIMATELY $73.7 MILLIONNSTS BANCORP: FOLLOWIN...Reuters
Tue, May 12
Meta seeks to avoid EU fine with free WhatsApp access for rival AI chatbots
By Foo Yun CheeBRUSSELS, May 12 (Reuters) - Meta Platforms META.O has offered to give rival AI chatbots free access to its social messaging service WhatsApp for a month while it discusses ways to resolve EU antitrust concerns, the U.S. tech giant said on Tuesday, in a move that could stave off a hef...Reuters
Tue, May 12
Orchestra BioMed Q1 revenue falls and misses estimates
OverviewUS biomedical device maker's Q1 revenue declined and missed analyst expectationsNet loss widened yr/yr, reflecting higher R&D costs for clinical trialsCompany ended Q1 with $94.4 mln in cash and marketable securities, aided by new fundingOutlookCash runway projected into Q4 2027 and ...Reuters
Tue, May 12
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