News
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Carl Haney, Executive Vice President, Global Innovation And Research & Development To Depart The Estée Lauder Companies
April 30 (Reuters) - Estee Lauder Companies Inc EL.N:CARL HANEY, EXECUTIVE VICE PRESIDENT, GLOBAL INNOVATION AND RESEARCH & DEVELOPMENT TO DEPART THE ESTÉE LAUDER COMPANIESReuters
Wed, Apr 30
MetLife first-quarter profit rises on strong investment gains; launches $3 billion buyback
April 30 (Reuters) - Insurer MetLife MET.N reported a nearly 5% rise in first-quarter profit on Wednesday, driven by higher premiums and investment income, and announced a share buyback.Economic uncertainty and increased risk from cyber attacks, natural disasters and global war have sustained insura...Reuters
Wed, Apr 30
Senior Ukrainian official signs agreement signed on U.S.-Ukraine Reconstruction Fund
April 30 (Reuters) - A senior Ukrainian official said on Wednesday that she had signed an agreement on creating a U.S.-Ukraine Reconstruction Investment Fund which would allow both countries to expand their economic potential and also contribute to Ukraine's security."Together with the Unite...Reuters
Wed, Apr 30
Prudential Financial profit rises on US business strength
April 30 (Reuters) - Prudential Financial PRU.N reported a rise in first-quarter profit on Wednesday, bolstered by strong underwriting at the insurer's U.S. unit which offset declines in its investment management business. Market uncertainty sparked by U.S. President Donald Trump's tariff p...Reuters
Wed, Apr 30
Trump suggests US may not give more grants to Harvard University
WASHINGTON, April 30 (Reuters) - U.S. President Donald Trump suggested on Wednesday his administration may not be giving any more grants to Harvard University going forward."And it looks like we are not going to be giving them any more grants, right Linda?" Trump said in remarks on Wednesday...Reuters
Wed, Apr 30
Public Storage guides 2025 FFO below consensus as costs rise
April 30 (Reuters) - Public Storage PSA.N forecast full-year funds from operations (FFO) marginally below Wall Street estimates on Wednesday, as lower occupancy and higher expenses weighed on the Real Estate Investment Trust (REIT).The California-based company expects its 2025 annual core FFO betwee...Reuters
Wed, Apr 30
KLA forecasts fourth-quarter results above estimates on steady demand for chipmaking tools
April 30 (Reuters) - Chipmaking equipment supplier KLA Corp KLAC.O forecast fourth-quarter revenue and profit above Wall Street estimates on Wednesday, indicating robust demand for its advanced chips that support artificial intelligence workloads.The company also postponed its investor day, which o...Reuters
Wed, Apr 30
Everest swings to underwriting loss of $104 million in Q1 on higher cat losses
Operating EPS of $6.45 misses $7.59 consensus, down from $16.32 in Q1 2024102.7% combined ratio compares with 88.8% in Q1 2024$472 million of pre-tax cat losses up from $85 million in Q1 2024Washington, D.C. aviation losses contribute 2.0 points to attritional loss ratioGWP drops 0.5% to $4.39 billi...Reuters
Wed, Apr 30
Tesla's head of battery architecture Vineet Mehta departs, the Information reports
April 30 (Reuters) - Tesla's TSLA.O head of battery architecture, veteran Vineet Mehta, is departing from the company, the Information reported on Wednesday, citing people familiar with the matter.Mehta appears to have first widely informed his staff of his departure on Tuesday, with no indicati...Reuters
Wed, Apr 30
US House votes to rescind approval for California heavy-duty truck rules
WASHINGTON, April 30 (Reuters) - The U.S. House of Representatives on Wednesday voted to rescind the Environmental Protection Agency's 2023 approval of California's plans to require a rising number of zero-emission heavy-duty trucks.The House is also voting on Wednesday on whether to repeal ...Reuters
Wed, Apr 30
CORRECTED-US nuclear force costs projected to soar to $946 billion through 2034, CBO says
US nuclear forces projected to cost 25% more than 2023 estimate Sentinel ICBM development faces 81% cost overrunTrump $1 trillion defense pledge complicated by rising nuclear costsBy Jonathan LandayWASHINGTON, April 24 (Reuters) - The costs of operating and modernizing America's nuclear forces t...Reuters
Wed, Apr 30
Demand ’solid’ despite surprise fall in Q1 GDP amid tariff-driven surge in imports
Investing.com -- The U.S. economy unexpectedly contracted in the first quarter as the rush to beat the tariff deadline sent imports surging, data showed Wednesday, but the fall in growth masks the undInvesting.com
Wed, Apr 30
The Hanover reports Q1 earnings beat as combined ratio improves to 94.1%
Q1 operating EPS of $3.87 beats $3.45 consensus, up from $3.08 per share in Q1 2024Combined ratio of 94.1% down from 95.5% in Q1 2024 Net premiums written up 3.9% to $1.51 billion By Mia MacGregorApril 30 - (The Insurer) - The Hanover Insurance Group has reported an earnings beat for the first quart...Reuters
Wed, Apr 30
US and Ukraine sign deal to form reconstruction investment fund, Washington says
WASHINGTON, April 30 (Reuters) - The U.S. and Ukraine signed a deal on Wednesday to establish a reconstruction investment fund, the U.S. Treasury Department said in a statement."In recognition of the significant financial and material support that the people of the United States have provided to...Reuters
Wed, Apr 30
General Dynamics Electric Boat Awarded $12 Billion Contract Modification For Virginia-Class Submarines
April 30 (Reuters) - General Dynamics Corp GD.N:GENERAL DYNAMICS ELECTRIC BOAT AWARDED $12 BILLION CONTRACT MODIFICATION FOR VIRGINIA-CLASS SUBMARINESGENERAL DYNAMICS CORP - INCLUDES OPTIONS WHICH, IF EXERCISED, WOULD BRING THE CUMULATIVE VALUE TO $17.2 BILLIONReuters
Wed, Apr 30
Healthcare REIT Ventas beats quarterly FFO estimates on stable senior housing demand
April 30 (Reuters) - Ventas VTR.N on Wednesday posted better-than-expected normalized funds from operations (FFO) for the first quarter, driven by stable demand for its assisted living and senior housing properties.The Chicago-based healthcare REIT owns and leases senior housing and healthcare prope...Reuters
Wed, Apr 30
Blank Check Company ProCap Acquisition Corp Files For IPO Of $200 Million
April 30 (Reuters) - BLANK CHECK COMPANY PROCAP ACQUISITION CORP FILES FOR IPO OF $200 MILLIONPROCAP ACQUISITION CORP: EXPECTS CLASS A ORDINARY SHARES WILL BE LISTED ON NASDAQ UNDER THE SYMBOL “PCAP” - SEC FILINGPROCAP ACQUISITION CORP - OFFERING PRICE SET AT $10 PER UNIT - SEC FILINGPROCAP ACQUISIT...Reuters
Wed, Apr 30
