News
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EUROPE RESEARCH ROUNDUP-BASF, Galderma, Lanxess
March 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BASF, Galderma and Lanxess, on Wednesday. HIGHLIGHTS BASF SE BASFn.DE: Citigroup raises target price to EUR 55 from EUR 54 Galderma Group AG GALD.S: Citigroup resumes covera...Reuters
Wed, Mar 25
Athletics-World Athletics gives misdirected US runners extra spots at WRRC
March 25 (Reuters) - World Athletics will allow the United States to field three extra runners in the women's half-marathon at this year's World Road Running Championships after three leaders were led off course during their national championships earlier this month.Jess McClain, Emma Grace ...Reuters
Wed, Mar 25
Pentagon reaches deals with defense firms to expand munitions production
WASHINGTON, March 25 (Reuters) - The Pentagon said on Wednesday it had reached framework agreements with BAE Systems BAES.L, Lockheed LMT.N and Honeywell HON.O to boost production of defense systems munitions as part of a push to put the U.S. military on a "wartime footing."The announcements...Reuters
Wed, Mar 25
US approves possible sale related to hyper-velocity projectiles to Japan for $340 mln
WASHINGTON, March 25 (Reuters) - The U.S. State Department approved the possible sale to Japan of equipment and services in support of its indigenous upgraded Hyper Velocity Gliding Projectiles at an estimated cost of $340 million, it said in a statement on Wednesday.Reuters
Wed, Mar 25
US State Department OKs possible communications equipment sale to Belgium
WASHINGTON, March 25 (Reuters) - The U.S. State Department on Wednesday said it approved a possible foreign military sale to Belgium to buy communications equipment for an estimated $156.1 million.The principal contractor will be L3 Harris LHX.N, according to the statement.Reuters
Wed, Mar 25
US approves potential sale of radios, communication devices to Korea for $200 million
March 25 (Reuters) - The U.S. State Department has approved the potential sale of radios and communication security devices to South Korea for an estimated cost of $200 million, it said in a statement on Wednesday.Reuters
Wed, Mar 25
CANADA RESEARCH ROUNDUP-Dollarama, Scotiabank, TD Bank Group
March 25 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Dollarama ,Scotiabank and TD Bank Group on Wednesday. HIGHLIGHTS Bank of Montreal BMO.TO: RBC cuts target price to C$205 from C$219 Dollarama Inc DOL.TO: CIBC raises t...Reuters
Wed, Mar 25
Iran demands recognition of its sovereignty over Strait of Hormuz, Press TV citing official
March 25 (Reuters) - Iran demands recognition of Tehran's sovereignty over the Strait of Hormuz, as its "natural, legal right", Iran's Press TV cited an official as saying on Wednesday, after Tehran reviewed a U.S. proposal to end the war and considered its conditions excessive.Reuters
Wed, Mar 25
RPT-Netanyahu seeks to avoid snap vote as Iran war gives no boost in polls
Netanyahu camp floated early vote hoping for Iran boostPolls predict Netanyahu election loss, unchanged since war Netanyahu races to pass budget and avert snap electionBudget must be passed by March 31By Maayan Lubell and Steven Scheer JERUSALEM, March 25 (Reuters) - Israeli Prime Minister Benjam...Reuters
Wed, Mar 25
US Supreme Court backs Cox in fight over pirated music
By Blake Brittain WASHINGTON, March 25 (Reuters) - The U.S. Supreme Court ruled on Wednesday Cox Communications cannot be held liable for piracy by its internet service subscribers of songs owned by Sony Music 6758.T, Warner Music Group WMG.O, Universal Music Group UMG.AS and other labels, ending...Reuters
Wed, Mar 25
Meta to lay off hundreds of employees, The Information reports
March 25 (Reuters) - Meta Platforms META.O will lay off a few hundred people across its Reality Labs division, social media teams and recruiting operations on Wednesday, The Information reported, citing two people familiar with the matter. Reuters reported earlier this month that Meta was planning s...Reuters
Wed, Mar 25
China's Noah Holdings Q4 income from operations jumps 87%, helped by global asset allocation
OverviewChina wealth management provider's Q4 net revenues rose 12.5% yr/yr, driven by global asset allocationIncome from operations surged 87.3% yr/yr, reflecting structural profitability improvementsCompany approved annual and special dividends totaling 100% of full-year non-GAAP net incomeOut...Reuters
Wed, Mar 25
Caterpillar countersues Bobcat for infringing machinery patents
By Blake Brittain March 24 (Reuters) - Construction equipment company Caterpillar CAT.N escalated its legal battle with rival Doosan Bobcat 000150.KS in Texas federal court on Tuesday, accusing Bobcat of infringing several patents related to improving earthmoving machinery.Caterpillar brought the...Reuters
Wed, Mar 25
NAACP hires DOJ civil rights chief in Biden administration
By David Thomas March 25 (Reuters) - Kristen Clarke, who led the U.S. Justice Department's Civil Rights Division under Democratic President Joe Biden, will serve as the NAACP's general counsel as the largest U.S. civil rights group looks to counter what it describes as escalating attacks ...Reuters
Wed, Mar 25
Italy's ITA Airways posts its first annual profit
March 25 (Reuters) - ITA Airways reported its first annual net profit at 209 million euros ($242 million) on Wednesday, even as it warned high fleet leasing costs would continue to weigh on profitability.The Italian carrier, part of Lufthansa group LHAG.DE, said the results were aided by early cost ...Reuters
Wed, Mar 25
Lille to host EU customs authority charged with fixing e-commerce parcel problems
By Philip Blenkinsop BRUSSELS, March 25 (Reuters) - The European Union selected French city Lille on Wednesday as the location of the new EU Customs Authority (EUCA), which will coordinate duty collection and safety checks on goods coming into the 27-nation bloc.The authority is part of an overha...Reuters
Wed, Mar 25
Cyprus has opened discussion with UK over its bases, president says
NICOSIA, March 25 (Reuters) - Cyprus has initiated a discussion with London on the future of British bases on the island, its president said on Wednesday, after a drone strike on a military facility this month triggered fears their presence could expose it to the wider Iran conflict.Cypriot politici...Reuters
Wed, Mar 25
