News
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Bank of America's shareholders OK executive compensations, elect directors
NEW YORK, April 22 (Reuters) - Bank of America BAC.N shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender's top executives, and also elected its 14 directors on the board.Proxy adviser Institutional Shareholder Services had recommended that investors vote ...Reuters
Tue, Apr 22
Three prosecutors in corruption case against NYC Mayor Eric Adams resign, according to letter
By Sarah N. LynchWASHINGTON, April 22 (Reuters) - Three federal prosecutors who brought criminal corruption charges against New York City Mayor Eric Adams resigned in protest on Tuesday, after they said the Justice Department wrongfully pressured them to admit to wrongdoing when they refused orders ...Reuters
Tue, Apr 22
IMF says financial stability risks increased significantly amid trade turmoil
IMF warns financial stability risks significantly increasedGroup cites economic uncertainty, tighter financial conditions as concernsCalls for regulators worldwide to complete capital rules, heighten oversightBy Pete Schroeder WASHINGTON, April 22 (Reuters) - Global financial stability risks have...Reuters
Tue, Apr 22
Greek-yogurt maker Chobani to invest $1.2 billion in New York plant
April 22 (Reuters) - Greek-yogurt maker Chobani said on Tuesday that it would be investing $1.2 billion in building its third U.S. dairy processing plant in New York, and expects to create more than 1,000 full-time jobs.The privately held company, which announced a $500 million expansion in Idaho la...Reuters
Tue, Apr 22
Lawmakers urge FAA to address safety issues at Washington airport after incidents
April 22 (Reuters) - Three senior Democratic lawmakers on Tuesday urged the Federal Aviation Administration to address safety issues at Reagan Washington National Airport and maintain reduced air traffic after a series of troubling incidents.Representatives Rick Larsen and Steve Cohen and Senator Ta...Reuters
Tue, Apr 22
Trump administration pushes appeals court to enforce military's transgender ban
By Brendan Pierson April 22 (Reuters) - President Donald Trump's administration on Tuesday urged an appeals court to let it enforce its ban on openly transgender service members in the military.Jason Manion, arguing for the administration, asked a three-judge panel of the D.C. Circuit U.S. Co...Reuters
Tue, Apr 22
AM Best: Surplus lines stamping office DPW grows 12% to $81.6 billion in 2024
By Chris MunroApril 22 - (The Insurer) - The 15 surplus lines state service and stamping offices collectively booked premium volume growth of 12.1% to $81.6 billion in 2024 as continued challenges in certain standard market segments continued to push business into the channel, a new report from AM B...Reuters
Tue, Apr 22
Polo backs launch of Cat 6 Guernsey reinsurer Navigate Re
By Ryan HewlettApril 22 - (The Insurer) - Guernsey-based Polo Insurance Managers (PIM), the independent insurance manager of PoloWorks, has launched the Category 6 reinsurer Navigate Re.Navigate Re operates as a Category 6 Special Purpose Entity and has been formed to offer its investors access to i...Reuters
Tue, Apr 22
Elevance says healthcare demand tracks expectations after UnitedHealth's forecast cut
Elevance says Medicare Advantage costs elevated but manageableElevance maintains full-year annual profit forecast By Sneha S K and Amina Niasse April 22 (Reuters) - U.S. health insurer Elevance Health ELV.N spent less than expected on medical care in the first quarter and said on Tuesday th...Reuters
Tue, Apr 22
European first-quarter corporate profits seen falling 3.5% amid incessant uncertainty
April 22 (Reuters) - The outlook for European corporate health continues to deteriorate, according to analysts' forecasts published on Tuesday, as economic uncertainty persists around U.S. tariffs and other policies.European companies are expected to report a drop of 3.5% in first-quarter earnin...Reuters
Tue, Apr 22
Mexico's president says she disagrees with IMF's negative growth forecast
MEXICO CITY, April 22 (Reuters) - Mexican President Claudia Sheinbaum said on Tuesday that she does not agree with the International Monetary Fund's forecast that her country's economy will contract 0.3% this year. "We do not know what it is based on. We do not agree ... We have our econ...Reuters
Tue, Apr 22
Financial firm Altruist fetches nearly $2 billion valuation in latest funding round
April 22 (Reuters) - Financial startup Altruist was valued at $1.9 billion in its latest funding round, it said on Tuesday. The company is a custodian for registered investment advisors, assuming the responsibility for maintaining the assets and holdings of its clients.Reuters
Tue, Apr 22
Russian defence ministry says no casualties in fire at military unit, RIA reports
MOSCOW, April 22 (Reuters) - The Russian defence ministry said on Tuesday that a fire at a military unit in the Vladimir region was caused by a breach in safety requirements and that preliminary information showed there were no casualties, the RIA state news agency reported.The fire had resulted in ...Reuters
Tue, Apr 22
Trump says he spoke with Israel's Netanyahu on trade, Iran
WASHINGTON, April 22 (Reuters) - U.S. President Donald Trump said he spoke with Israeli Prime Minister Benjamin Netanyahu on Tuesday about trade issues and Iran."The call went very well—We are on the same side of every issue," Trump wrote in a social media post.Reuters
Tue, Apr 22
Moscow, Kyiv blame each other for blocking truce talks as Washington loses patience
Zelenskiy says Ukraine willing for any form of discussionRussia should demonstrate 'genuine readiness', he addsKremlin says clear definitions are neededNo Russian plans for any direct talks with KyivApril 22 (Reuters) - Russia and Ukraine accused each other on Tuesday of standing in the way ...Reuters
Tue, Apr 22
CANADA RESEARCH ROUNDUP-CGI, Stella-Jones, Winpak
April 22 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including CGI, Stella-Jones and Winpak on Tuesday.HIGHLIGHTS * CGI Inc GIBa.TO: RBC cuts target price to C$185 from C$192* Stella-Jones Inc SJ.TO: CIBC cuts target price to C$79 from C$86*...Reuters
Tue, Apr 22
Marsh sues Aon over construction and surety team raid
By Michael LoneyApril 22 - (The Insurer) – Marsh has sued Aon and its new CEO of construction, infrastructure and surety, North America, over the hire of a team of 20 earlier this year.The Insurer was first to report in March that Aon had hired Marsh’s U.S. construction leader Rob McDonough and a te...Reuters
Tue, Apr 22
Hedge Fund Elliott Turns Up Heat On BP With Demand For Higher Cash Flow- FT
April 22 (Reuters) - HEDGE FUND ELLIOTT TURNS UP HEAT ON BP WITH DEMAND FOR HIGHER CASH FLOW- FTELLIOTT MANAGEMENT IS PRESSING BP TO INCREASE ITS FREE CASH FLOW BY AN ADDITIONAL 40 PER CENT THROUGH DEEP CUTS TO SPENDING - FTSource text: https://tinyurl.com/2594y4tbReuters
Tue, Apr 22
