News
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Bombardier's quarterly revenue rises 19% on delivery strength, higher services revenue
Bombardier reports $1.52 billion revenue, $68 million adjusted net income for Q1President and CEO Eric Martel sees growth opportunities in defense and afterservicesCompany projects over 150 jet deliveries in 2025Planemaker's financial gains fall short of investors' expectations By Dan Catch...Reuters
Thu, May 1
US Justice Department Says Raytheon Cos, Nightwing Group To Pay $8.4 Million To Resolve False Claims Act Allegations
May 1 (Reuters) - U.S. JUSTICE DEPARTMENT SAYS RAYTHEON COMPANIES AND NIGHTWING GROUP TO PAY $8.4 MILLION TO RESOLVE FALSE CLAIMS ACT ALLEGATIONS RELATING TO NON-COMPLIANCE WITH CYBERSECURITY REQUIREMENTS IN FEDERAL CONTRACTSSource text: https://tinyurl.com/45n66kwkReuters
Thu, May 1
EXCLUSIVE-Democratic lawmakers call for review of Musk's role in Golden Dome
By Marisa Taylor and Mike Stone WASHINGTON, May 1 (Reuters) - A group of 42 Democratic lawmakers has called for a review of Elon Musk's role in the bidding process for the "Golden Dome" missile defense shield, a project championed by President Donald Trump.In a letter dated May 1 and ...Reuters
Thu, May 1
ADVISORY-Alert on partnership wrongly tagged to Rain Industries Ltd withdrawn
An alert on partnership between global card issuing platform Rain and Visa V.N was incorrectly tagged to India-based chemical company Rain Industries Ltd RAID.NS, an unrelated firm, and has been withdrawn.There will be no substitute.STORY_NUMBER:nTUA1LGZG7STORY_DATE:01/05/2025STORY_TIME:12:00 GMTReuters
Thu, May 1
Everest did not renew 50% of casualty insurance premium up for renewal in Q1
By Michael LoneyMay 1 - (The Insurer) - Everest Group did not renew half of the casualty insurance premium up for renewal in the first quarter as its remediation of the business continued, while its casualty pro rata premium shrank almost 22% amid “unjustifiably sticky” ceding commissions.After mark...Reuters
Thu, May 1
Estimated S&P 500 Q1 profit growth jumps vs a wk ago; Q2 forecast falls further
NEW YORK, May 1 (Reuters) - Estimated earnings growth for S&P 500 companies .SPX for the first quarter of the year has jumped in the latest week, while the forecast for second-quarter earnings fell further, according to LSEG Thursday.Thanks in part to upbeat results from big tech-related names i...Reuters
Thu, May 1
Einhorn's Greenlight gains 3.4% in April, source says
By Carolina MandlNEW YORK, May 1 (Reuters) - David Einhorn's fund Greenlight Capital posted a 3.4% gain in April, a source familiar with the matter said, outperforming the S&P 500 index.The firm is up 11.9% for the year through April, this person added.Reuters
Thu, May 1
Trump cannot use Alien Enemies Act to deport Venezuelans, judge rules
NEW YORK, May 1 (Reuters) - President Donald Trump's administration exceeded the scope of the Alien Enemies Act in using it to deport some Venezuelan migrants, a federal judge in Texas said on Thursday in barring the administration from using the 18th-Century wartime law to speed up deportations...Reuters
Thu, May 1
Citi hires former US Trade Representative Robert Lighthizer as trade adviser
By Tatiana Bautzer and Niket Nishant May 1 (Reuters) - Citigroup C.N has hired former U.S. Trade Representative Robert Lighthizer as a senior adviser on global trade, the bank said in a statement. "Given our global presence, having Ambassador Lighthizer's insights into the dynamics f...Reuters
Thu, May 1
'Buena Vista Social Club,' 'Maybe Happy Ending' and 'Death Becomes Her' lead 2025 Tony nominations
Hollywood stars George Clooney and Sarah Snook nominatedHarvey Fierstein to receive Lifetime Achievement awardMusicals 'Gypsy' and 'Sunset Blvd.' among revivals nominatedCynthia Erivo of 'Wicked' to host June 8 awardsBy Kathryn Lurie NEW YORK, May 1 (Reuters) - Broadway mu...Reuters
Thu, May 1
Brazil's Gol Airlines secures new financing to support Chapter 11 exit
By Luciana MagalhaesSAO PAULO, May 1 (Reuters) - Brazilian airline Gol GOLL4.SA on Thursday announced that it has struck a new deal with key creditors, paving the way for the company to emerge from Chapter 11 bankruptcy protection likely by the end of June.The agreement, which involves investors hol...Reuters
Thu, May 1
Axis’ property and cargo segments most affected by tariffs, says CEO Tizzio
By Chris MunroMay 1 - (The Insurer) - Axis Capital expects the most immediate impact from U.S. tariffs will be on loss costs within its property and cargo operations.Talking to analysts on Thursday morning after Axis reported its Q1 2025 earnings on Wednesday, CEO Vince Tizzio said the current trade...Reuters
Thu, May 1
Mercedes details plans for US production investments in Alabama
Mercedes to produce new vehicle in Alabama by 2027Trump's tariffs impact global automotive industryMercedes faces challenges in major markets, including EU emissions targetsMercedes pulls earnings guidance amid tariff uncertaintyBy Nora Eckert DETROIT, May 1 (Reuters) - Mercedes-BenzMBGn.DE p...Reuters
Thu, May 1
US to develop universal vaccines to target multiple virus strains
May 1 (Reuters) - U.S. health agencies said on Thursday they are seeking to develop a universal vaccine technology to target multiple strains of different viruses such as influenza and coronaviruses, in a project the Wall Street Journal reported included $500 million in government investment. The pr...Reuters
Thu, May 1
US to offer incentives to boost air traffic hiring, retention
WASHINGTON, May 1 (Reuters) - The U.S. Transportation Department said Thursday it is taking steps to retain and recruit more air traffic controllers to address a significant staffing shortage.The Federal Aviation Administration, which said earlier it plans to hire 2,000 air traffic controller traine...Reuters
Thu, May 1
Baldwin: Commercial insurance landscape shows resilience amid rising costs in auto and umbrella lines
By Mia MacGregorMay 1 - (The Insurer) - The first quarter of 2025 demonstrated resilience in much of the commercial insurance landscape, although areas such as commercial auto and umbrella continue to show signs of loss cost pressure with pricing continuing its upward trend, according to a new state...Reuters
Thu, May 1
Lilly Exec Says Tariffs Currently In Effect Do Not Materially Change 2025 Financial Outlook
May 1 (Reuters) - Eli Lilly and Co LLY.N:ELI LILLY EXEC SAYS ANNOUNCED TARIFFS CURRENTLY IN EFFECT DO NOT MATERIALLY CHANGE CO'S 2025 FINANCIAL OUTLOOK - CONF CALLLILLY EXEC SAYS EXPANSION OF TARIFFS IN OTHER GEOGRAPHIES OR INCREASES IN RETALIATORY TARIFFS WOULD HAVE A NEGATIVE EFFECT ON CO, IND...Reuters
Thu, May 1
Cuba stages May Day rallies as tensions mount with US
By Alien Fernandez HAVANA, May 1 (Reuters) - Hundreds of thousands of Cubans gathered in Havana's Revolution Square for the traditional May Day march on Thursday, amid a grueling economic crisis and as tensions ratchet up with U.S. President Donald Trump's administration.Raul Castro, 93, ...Reuters
Thu, May 1
GM cuts 2025 profit forecast, expects up to $5 billion tariff impact
GM expects $4-$5 billion tariff impact on profitsStrategies include increasing U.S. content and productionTariffs lead to increased vehicle sales before price hikesStellantis pulls guidance due to tariff impactBy Kalea Hall DETROIT, May 1 (Reuters) - General Motors GM.N cut its 2025 profit foreca...Reuters
Thu, May 1
