News
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Citigroup's shareholders approve 2024 pay for CEO, executives, new shares for grants
By Tatiana Bautzer and Niket Nishant NEW YORK, April 29 (Reuters) - A large majority of Citigroup shareholders has approved CEO's Jane Fraser's 33% pay increase to $34.5 million at a virtual annual meeting held on Tuesday, as well as the compensation for other senior executives. During t...Reuters
Tue, Apr 29
Old Republic appoints Lehman as president for its Bitco subsidiary
By Isha MaratheApril 29 - (The Insurer) - Bitco Insurance Companies, an Old Republic Specialty Insurance Group subsidiary, has appointed Meyer Lehman as president, effective May 1, succeeding Vince Lamb.Lamb will continue as CEO of Bitco.Lehman has over 20 years of experience in the industry. Befor...Reuters
Tue, Apr 29
GM recalling 721,000 vehicles over engine issue
By David ShepardsonWASHINGTON, April 29 (Reuters) - GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday.The Detroit automaker is recalling 2021 through 2024 model-year Cadillac Escal...Reuters
Tue, Apr 29
Brown & Brown share price slides 7% after organic growth miss
By David BullApril 29 - (The Insurer) - Brown & Brown reported in-line quarterly earnings and an organic revenue growth miss on Monday, triggering an adverse reaction from investors with the intermediary’s shares trading down 7% at around 10.00 a.m. in New York on Tuesday.The Daytona Beach, Flor...Reuters
Tue, Apr 29
Mishap with Firefly's Alpha rocket puts Lockheed satellite in shallow orbit
WASHINGTON, April 29 (Reuters) - Firefly Aerospace said the sixth mission of its Alpha rocket suffered a mishap in space after launching from California on Tuesday, putting a satellite owned by Lockheed Martin in a "lower than planned orbit," suggesting a mission failure.Reuters
Tue, Apr 29
U.N. refugee agency to close four offices in Mexico amid funding crunch
MONTERREY, Mexico, April 29 (Reuters) - MEXICO CITY, April 29 (Reuters) - The U.N. refugee agency in Mexico plans to close four offices in Mexico due to a "serious funding crisis" the agency is facing, a UNHCR official told Reuters. Two of the offices are in the southern Mexican cities of ...Reuters
Tue, Apr 29
Citigroup's shareholders approve 2024 pay for CEO, executives, new shares for grants
NEW YORK, April 29 (Reuters) - A large majority of Citigroup shareholders has approved CEO's Jane Fraser's 33% pay increase to $34.5 million at a virtual annual meeting held on Tuesday, as well as the compensation for other senior executives. More than 91% of shareholders voted in favor of t...Reuters
Tue, Apr 29
Axa XL adds CNA's Aliperti to extend cyber offerings to Americas SMEs
By Isha MaratheApril 29 - (The Insurer) - Axa XL has hired Michelle Aliperti, formerly vice president at CNA Insurance, as head of small and midsize enterprises in the Americas.Aliperti will drive Axa XL's plan to extend its cyber insurance products to SMEs and grow its commercial E&O offer...Reuters
Tue, Apr 29
American Integrity launches IPO to raise up to $117 million
By Michael LoneyApril 29 - (The Insurer) – Florida carrier American Integrity Insurance Group has launched an initial public offering of 6.88 million shares with the price expected to be between $15 and $17 a share.American Integrity intends to list its common stock on the New York Stock Exchange un...Reuters
Tue, Apr 29
Deep-sea mining company asks Trump officials to approve international permit
April 29 (Reuters) - Deep-sea mining developer The Metals Co TMC.N said on Tuesday it has asked the Trump administration to approve its plans to mine the international seabed based on existing U.S. regulations.The applications come a week after President Donald Trump signed an order seeking to j...Reuters
Tue, Apr 29
Qatari Diar, Dar Global to introduce Trump's first real estate development in Qatar
DUBAI, April 29 (Reuters) - Developer Qatari Diar and the luxury real estate developer Dar Global will announce an agreement on Wednesday to develop a Trump International Golf Course and Trump Villas in Qatar as part of the Simaisma beachside development north of the Qatari capital Doha, a source wi...Reuters
Tue, Apr 29
U.S. RESEARCH ROUNDUP-Domino's Pizza, Prologis, Springworks Therapeutics
April 29 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Domino's Pizza, Prologis Inc and Springworks Therapeutics, on Tuesday. HIGHLIGHTS * Apple, Inc. AAPL.O: Morgan Stanley raises target price to $235...Reuters
Tue, Apr 29
Palo Alto Signed Strategic Agreement With At&T To Provide Secure Connectivity Solutions For Business Customers
April 29 (Reuters) - Palo Alto Networks Inc PANW.O:PALO ALTO NETWORKS: SIGNED STRATEGIC AGREEMENT WITH AT&T TO PROVIDE SECURE CONNECTIVITY SOLUTIONS FOR BUSINESS CUSTOMERSPALO ALTO NETWORKS: CO & AT&T WILL LAUNCH SECURE BROWSER SOLUTION TAILORED FOR AT&T CUSTOMERSReuters
Tue, Apr 29
France accuses Russian intelligence of repeated cyber attacks since 2021
Cybersecurity agency says a dozen French entities hit since 2021Prior attack in 2017 leaked Macron election campaign mailsGRU unit APT28 is based in Rostov-on-DonAPT28 active worldwide since at least 2004 By John Irish PARIS, April 29 (Reuters) - France's foreign ministry explicitly accus...Reuters
Tue, Apr 29
Barcode scanner maker Zebra Tech expects up to $30 million tariff impact on Q2 profit
April 29 (Reuters) - Zebra Technologies ZBRA.O on Tuesday projected lower-than-expected second-quarter profit, anticipating a quarterly impact of $25 million to $30 million from tariffs imposed by the Trump administration.The barcode scanner maker became the latest firm to highlight pressure from U....Reuters
Tue, Apr 29
Unions, cities, nonprofits sue to block Trump workforce cuts
Largest challenge to Trump, DOGE bid to shrink governmentTrump said cuts needed to eliminate bloat, wasteJustice Department not immediately available to commentBy Jonathan Stempel April 29 (Reuters) - A coalition of more than two dozen labor unions, cities and nonprofits sued President Donald Tru...Reuters
Tue, Apr 29
