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EXCLUSIVE-UN eyes major overhaul amid funding crisis, internal memo shows
Global body roiled by cuts from donors, including U.S.Task force suggests merging U.N. agencies to improve efficiencyUN document refers to 'duplication', bloating of senior managementSuggests relocating staff to lower-cost citiesBy Emma Farge and John Shiffman GENEVA/UNITED NATIONS, May 1...Reuters
Thu, May 1
Gallagher’s brokerage organic growth accelerates to 9.5% in Q1
9.5% brokerage segment organic growth (7.1% Q4 2024, 8.8% Q1 2024)Brokerage adjusted Ebitdac of $1.44 billion, Ebitdac margin 43.4%Risk management organic growth of 3.9% (6.0% in Q4 2024, 13.3% Q1 2024) Risk management Ebitdac $76.5 million, Ebitdac margin 20.5%By Michael LoneyMay 1 - (The Insurer) ...Reuters
Thu, May 1
Stryker beats quarterly estimates of string medical device demand
May 1 (Reuters) - Stryker SYK.N beat Wall Street estimates for quarterly profit on Thursday, fueled by strong demand for its medical and surgical devices.Device makers have benefited from a surge in demand as more people in the U.S., particularly older Americans, sought health care services and sur...Reuters
Thu, May 1
Gran Tierra Energy Inc Qtrly Net Loss $19 Mln
May 1 (Reuters) - Gran Tierra Energy Inc GTE.TO:GRAN TIERRA ENERGY INC. REPORTS FIRST QUARTER 2025 RESULTS, RECORD PRODUCTION AND CONTINUED EXPLORATION SUCCESSGRAN TIERRA ENERGY INC - AVERAGE QUARTERLY PRODUCTION OF 46,647 BOEPDGRAN TIERRA ENERGY INC - QTRLY NET LOSS OF $19 MILLIONReuters
Thu, May 1
Amgen Q1 Adjusted EPS $4.90 Vs IBES Estimate $4.30
May 1 (Reuters) - Amgen Inc AMGN.O:AMGEN Q1 ADJUSTED EPS $4.90 VERSUS IBES ESTIMATE $4.30AMGEN Q1 TOTAL REVENUE $8.15 BILLION VERSUS IBES ESTIMATE $8.06 BILLIONAMGEN OUTLOOK FY TOTAL REVENUE $34.3 BILLION TO $35.7 BILLION VERSUS IBES ESTIMATE $35.09 BILLIONAMGEN: 2025 SHARE REPURCHASES NOT TO EXCEED...Reuters
Thu, May 1
US VP Vance says Indian response to Kashmir attack should avoid regional war
WASHINGTON, May 1 (Reuters) - U.S. Vice President JD Vance said on Thursday that India's response to the Islamist militant attack last week in India-administered Kashmir should be done in a way that does not lead to a broader regional conflict.In an interview on Fox News, Vance said Pakistan sho...Reuters
Thu, May 1
Ingersoll Rand cuts annual profit forecast amid demand slowdown
May 1 (Reuters) - Air compressor maker Ingersoll Rand IR.N trimmed its full-year adjusted profit forecast on Thursday, expecting sluggish demand for its products.The company now expects annual adjusted profit to be between $3.28 and $3.40 per share, down from its previous expected range of $3.38 to ...Reuters
Thu, May 1
BREAKINGVIEWS-Amazon’s Day 1 memo contains handy tariffs guide
By Jennifer Saba NEW YORK, May 1 (Reuters Breakingviews) - In the first letter Jeff Bezos wrote to shareholders after Amazon.com’s AMZN.O initial public offering in 1997, he promised that the online bookseller would obsess over customers and prioritize the long haul. To honor those ideals today ...Reuters
Thu, May 1
Consolidated Edison targets $72 billion in capital investments over next decade
May 1(Reuters) - Utility firm Consolidated Edison ED.N said on Thursday it plans to make capital investments of roughly $72 billion over the next 10 years as it aims to increase capacity, focus on grid safety and maintain reliability, among other aspects.Amid extreme weather conditions and demand gr...Reuters
Thu, May 1
Deals of the day - Mergers and acquisitions
May 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Thursday:** Hedge fund Third Point owns a "meaningful" stake in U.S. Steel X.N and expects a merger with Japanese rival Nippon Steel 5401.T to go ahead. nL1N3R90J5** CRC Group has confirmed...Reuters
Thu, May 1
Motor racing-Hamilton says tough start at Ferrari could go on for months
MIAMI, May 1 (Reuters) - Lewis Hamilton said on Thursday it could take months to get to grips with his new Ferrari and he was paying no attention to those questioning his performances.The seven-times Formula One world champion, a record winner of 105 races and title winner with both McLaren and Merc...Reuters
Thu, May 1
Amgen posts profit, says tax policy more effective than tariffs
Adjusted EPS $4.90 vs LSEG estimate of $4.30Revenue of $8.1 billion in line with Wall Street estimates2025 outlook reaffirmedBy Deena Beasley May 1 (Reuters) - Amgen AMGN.O on Thursday said its first-quarter profit rose 24%, driven by product sales, and said that while it is premature to speculat...Reuters
Thu, May 1
Trump ousts White House national security adviser Waltz, replaces him with Rubio
Waltz departure is first big shakeup of Trump inner circleNational security adviser criticized for Signal scandalTrump to nominate Waltz as ambassador to UNBy Steve Holland, Gram Slattery and Erin Banco WASHINGTON, May 1 (Reuters) - U.S. President Donald Trump ousted his national security adviser...Reuters
Thu, May 1
ADVISORY-Stray Q2 adjusted EPS forecast alert tagged to BigBear.ai withdrawn
An alert on Q2 adjusted EPS forecast tagged and attributed to BigBear.ai BBAI.N has been withdrawn as it was unrelated to the company.For the correct set of Q1 results and annual forecast alerts on BigBear.ai, click nFWN3R93F6nPLXBD99EA.STORY_NUMBER:nTUA4GZ0H1STORY_DATE:01/05/2025STORY_TIME:08:15 PM...Reuters
Thu, May 1
Arthur J. Gallagher's quarterly profit rises on higher commissions and fees
May 1 (Reuters) - Arthur J. Gallagher AJG.N reported a rise in first-quarter profit on Thursday, as the insurance brokerage firm benefited from higher fees and commissions owing to clients' strong insurance spending. Insurance brokerages act as intermediaries for customers and insurers, guiding ...Reuters
Thu, May 1
EXCLUSIVE-JetBlue's plan for domestic partnership faces union backlash
Union challenges planned partnership citing job protections in contractJetBlue's revenue from loyalty programs grows despite profit strugglesAirline cuts flights and offers early retirements to reduce labor costsCompany negotiating new pilot contract amid partnership talksBy Allison Lampert and ...Reuters
Thu, May 1
Block CFO Amrita Ahuja Says Company Is Increasing Borrowing Limits For Eligible Customers Who Receive Their Direct Deposit Within Cash App - Conference Call
May 1 (Reuters) - Block Inc XYZ.N:BLOCK CFO AMRITA AHUJA SAYS COMPANY IS INCREASING BORROWING LIMITS FOR ELIGIBLE CUSTOMERS WHO RECEIVE THEIR DIRECT DEPOSIT WITHIN CASH APP - CONFERENCE CALLBLOCK CFO AMRITA AHUJA SAYS PLAN TO ACCELERATE THE PACE OF HIRING FOR FIELD SALES IN THE SECOND HALF OF THE YE...Reuters
Thu, May 1
AIG reports underlying combined ratio of 87.8% with $525 million in cat losses
Diluted after-tax income per diluted share of $1.17 beat consensus of $1.00The underlying GI combined ratio improved 0.6 points to 87.8%Reported combined ratio up 6.0 points to 95.8% driven by California wildfiresAIG highlighted strong growth of 14% in North American commercial NPW, fueled by Lexing...Reuters
Thu, May 1
Japan's US Treasury holdings among tools for trade talks, Finance Minister Kato says
TOKYO, May 2 (Reuters) - Japan's huge U.S. Treasury holdings are among tools available for Tokyo in trade negotiations with the United States, Japanese Finance Minister Katsunobu Kato said on Friday."Whether we actually use that card, however, is a different question," Kato said in a tel...Reuters
Thu, May 1
