News
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Magna plans cost-cutting measures to cushion tariff hit after profit misses estimate
May 2 (Reuters) - Canadian auto parts supplier Magna International MG.TO said on Friday that it plans to implement cost-saving measures to cushion the hit from U.S. President Donald Trump's sweeping tariffs.The cost-cutting plans come after the company missed first-quarter profit estimates due t...Reuters
Fri, May 2
Chevron Says Q2 Downtime Expected To Be Around 105,000 BOEPD - Prepared Remarks
May 2 (Reuters) - Chevron Corp CVX.N:Q2 DOWNTIME EXPECTED TO BE AROUND 105,000 BARRELS OF OIL EQUIVALENT PER DAY - PREPARED REMARKSQ2 EARNINGS IMPACTS FROM REFINERY TURNAROUNDS EXPECTED TO BE $300 TO $350 MILLIONQ2 AFFILIATE DIVIDENDS EXPECTED TO BE AROUND $800 TO $900 MILLIONEXPECT GROWTH TOWARD SU...Reuters
Fri, May 2
nVent Electric Reports First Quarter 2025 Financial Results
May 2 (Reuters) - nVent Electric PLC NVT.N:FIRST QUARTER 2025 FINANCIAL RESULTS AVAILABLE ON COMPANY’S WEBSITEOUTLOOK 2025 ADJUSTED EPS TO $3.03 TO $3.13NVENT ELECTRIC OUTLOOK 2025 REPORTED SALES GROWTH OF 19% TO 21%; ORGANIC SALES GROWTH OF 5% TO 7%NVENT ELECTRIC: Q1 REPORTED SALES FROM CONTINUING ...Reuters
Fri, May 2
Pet Valu Holdings Ltd expected to post earnings of 34 cents a share - Earnings Preview
Pet Valu Holdings Ltd PET.TO is expected to show a rise in quarterly revenue when it reports results on May 6 for the period ending March 31 2025The Markham Ontario-based company is expected to report a 5.4% increase in revenue to C$274.927 million from C$260.79 million a year ago, according to t...Reuters
Fri, May 2
India asks IMF to review loans to Pakistan, Indian government source says
By Sarita Chaganti Singh and Ariba Shahid NEW DELHI/KARACHI, May 2 (Reuters) - India has asked the International Monetary Fund to review loans disbursed to Pakistan, an Indian government source told Reuters on Friday, as tensions between the South Asian neighbours escalated following a deadly att...Reuters
Fri, May 2
Apollo's profit rises on strong growth in management, capital fees
May 2 (Reuters) - Apollo Global APO.N reported a 5% jump in first-quarter profit on Friday, boosted by higher fees from asset management and capital solutions such as debt and equity underwriting.The alternative asset manager took in $43 billion of inflows. Assets under management grew 17% to $785 b...Reuters
Fri, May 2
inTest To Mitigate Tariff Impacts, Shifting Supply Sources & Expect To Pass On Incremental Costs To Customers
May 2 (Reuters) - inTest Corp INTT.A:INTEST OUTLOOK Q2 REVENUE USD 27-29 MILLIONINTEST Q1 OPERATING INCOME USD -2.881 MILLIONINTEST OUTLOOK Q2 GROSS MARGIN 42%INTEST Q1 GROSS MARGIN 41.5%INTEST Q1 ADJUSTED EPS USD -0.11INTEST Q1 REVENUE USD 26.637 MILLIONINTEST Q1 ADJUSTED EBITDA MARGIN -3.3%INTEST:...Reuters
Fri, May 2
Peace in exchange for land? For many Ukrainians, it's too painful to contemplate
Kyiv mayor faced backlash after he broached ceding landPoll shows most believe giving up land won't achieve peaceDonald Trump wants Kyiv to cede territory in ceasefireDe facto rather than de jure recognition is one option By Olena Harmash KYIV, May 2 (Reuters) - Vitali Klitschko, the former h...Reuters
Fri, May 2
Martin Midstream Partners LP Files For Mixed Shelf Of Up To $250 Million – SEC Filing
May 2 (Reuters) - Martin Midstream Partners LP MMLP.O:MARTIN MIDSTREAM PARTNERS LP FILES FOR MIXED SHELF OF UP TO $250 MILLION – SEC FILINGMARTIN MIDSTREAM PARTNERS LP: IN ADDITION, SELLING UNITHOLDERS MAY OFFER,SELL, FROM TIME TO TIME, UP TO 6.6 MILLION COMMON UNITSSource text: [ID:n0001193125-25-1...Reuters
Fri, May 2
Proto Labs Says As Tariff Landscape Evolves, Believe Co Is Well Positioned To Continue Serving Customers
May 2 (Reuters) - Proto Labs Inc PRLB.N:PROTO LABS Q1 NET INCOME USD 3.599 MILLIONPROTO LABS Q1 OPERATING INCOME USD 4.531 MILLIONPROTO LABS Q1 OPERATING EXPENSES USD 51.167 MILLIONPROTO LABS Q1 REVENUE USD 126.205 MILLION VERSUS. IBES ESTIMATE USD 123.7 MILLIONPROTO LABS Q1 GROSS PROFIT USD 55.698 ...Reuters
Fri, May 2
EV maker Polestar recalls 28,000 cars in the US over rearview camera issue
May 2 (Reuters) - Electric vehicle maker Polestar A4N1y.F is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall, on Polestar 2 models that were sold in the United States before...Reuters
Fri, May 2
T1 Energy Inc expected to post a loss of 7 cents a share - Earnings Preview
T1 Energy Inc TE.N, TE is expected to show a rise in quarterly revenue when it reports results on May 6 (estimated) for the period ending March 31 2025The Austin Texas-based company is expected to report revenue of $74 million, according to the estimate from one analyst, based on LSEG data.LSEG&#...Reuters
Fri, May 2
Deals of the day - Mergers and acquisitions
May 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:** Australia's antitrust regulator began an informal review of Lactalis' proposed bid for Fonterra's assets on the block, even though the French dairy giant said it had not signe...Reuters
Fri, May 2
Cigna raises full-year profit forecast, latest to beat medical cost estimates
May 2 (Reuters) - Cigna CI.N on Friday raised its full-year earnings forecast and beat estimates for quarterly profit, helped by strong performance in its pharmacy benefit management business and lower-than-expected medical costs in its insurance arm. The company is the latest insurer to outperform ...Reuters
Fri, May 2
Google will seek to avoid ad tech spinoff in antitrust case
By Jody Godoy May 2 (Reuters) - Alphabet's GOOGL.O Google on Friday will urge a judge to avoid breaking up its advertising technology business as part of an effort to end its control of tools vital to selling ads on the internet.U.S. District Judge Leonie Brinkema in Alexandria, Virginia, is ...Reuters
Fri, May 2
SPECIAL REPORT-These judges ruled against Trump. Then their families came under attack
By Ned Parker, Mike Spector, Peter Eisler, Linda So, Nate Raymond May 2 (Reuters) - When U.S. District Judge James Boasberg ruled in April that Trump administration officials could face criminal contempt charges for deporting migrants in defiance of a court order, the blowback was immediate. ...Reuters
Fri, May 2
