News
Important Only
Deals of the day-Mergers and acquisitions
Jan 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: *Beneva and Gore Mutual have completed their previously announced merger with the two Canadian companies continuing to operate as separate brands as work begins on combining their op...Reuters
Wed, Jan 7
Consulting firm Resources Connection's Q2 revenue falls
OverviewProfessional services firm's fiscal Q2 revenue fell yr/yr, reflecting reduced demandNet loss for fiscal Q2 narrowed significantly compared to prior yearAdjusted SG&A expenses improved 15% yr/yrOutlookCompany plans to align cost structure with current revenue levelsCompany aims to ref...Reuters
Wed, Jan 7
Water services firm Pure Cycle's Q1 revenue rises
OverviewWater service provider's fiscal Q1 revenue grew 59% yr/yrNet income for fiscal Q1 rose 16% yr/yrOutlookPure Cycle expects Phase 2D completion in fiscal 2026Company anticipates Phase 2E completion by fiscal 2027Pure Cycle plans infrastructure improvements including I-70 interchange constr...Reuters
Wed, Jan 7
US House to vote on Democratic effort to reinstate healthcare subsidies
Four Republicans worked with Democrats to force ACA votesProspects for compromise bill in Senate uncertainPush comes as Americans face a rise in health insurance premiumsBy Richard Cowan WASHINGTON, Jan 7 (Reuters) - The Republican-controlled U.S. House of Representatives on Wednesday was poised ...Reuters
Wed, Jan 7
EXCLUSIVE-Trump shifts FTC pick to White House role advising on tech and competition
By Jeff MasonWASHINGTON, Jan 7 (Reuters) - The White House is withdrawing its nomination of Ryan Baasch for a Federal Trade Commission seat and instead naming him deputy director of the National Economic Council, elevating his role in shaping tech, telecom and competition policy, a White House offic...Reuters
Wed, Jan 7
Google, AI firm settle lawsuit over teen's suicide linked to Chatbot
By Blake Brittain Jan 7 (Reuters) - Alphabet’s Google GOOGL.O and AI startup Character.AI have agreed to settle a lawsuit by a Florida mother who alleged the startup's chatbot led to the suicide of her 14-year-old son, representing one of the first U.S. cases targeting AI firms over alleged p...Reuters
Wed, Jan 7
ANALYSIS-Comcast's TV spin hands Paramount more ammunition in its Warner Bros campaign
By Dawn Chmielewski LOS ANGELES, Jan 7 (Reuters) - Paramount Skydance PSKY.O gained fresh ammunition in its campaign to convince Warner Bros Discovery WBD.O shareholders that its $108.4 billion bid for the storied Hollywood studio, HBO, and Discovery Channel is the better offer: the market's ...Reuters
Wed, Jan 7
JPM Reaches Deal To Take Over The Apple Credit Card - WSJ
Jan 7 (Reuters) - JPMORGAN CHASE REACHES A DEAL TO TAKE OVER THE APPLE CREDIT CARD - WSJGOLDMAN SACHS EXPECTED TO OFFLOAD ROUGHLY $20 BILLION OF OUTSTANDING CARD BALANCES TO JPMORGAN AT MORE THAN $1 BILLION DISCOUNT - WSJJPMORGAN WILL ISSUE APPLE CREDIT CARDS FOR BOTH NEW AND EXISTING CARDHOLDERS - ...Reuters
Wed, Jan 7
Olaplex draws takeover interest from Germany's Henkel, Bloomberg News reports
Jan 7 (Reuters) - Olaplex Holdings OLPX.O has drawn a takeover offer from Germany's consumer goods maker Henkel HNKG.DE, Bloomberg News reported on Wednesday, citing people familiar with the matter.Shares of the U.S. hair care products maker jumped 20% in afternoon trading. The stock has fallen ...Reuters
Wed, Jan 7
EXCLUSIVE-White House withdraws nomination of Ryan Baasch for FTC, official says
By Jeff MasonWASHINGTON, Jan 7 (Reuters) - The White House is withdrawing its nomination of Ryan Baasch to be a commissioner on the Federal Trade Commission and instead will make him a deputy director of the National Economic Council, a White House official told Reuters.Baasch will handle issues rel...Reuters
Wed, Jan 7
OpenAI launches ChatGPT Health to connect medical records, wellness apps
Jan 7 - OpenAI on Wednesday launched a ChatGPT Health tab that answers health-related questions and lets users upload medical records and connect wellness apps such as Apple Health and MyFitnessPal.WHY IT IS IMPORTANTThe move expands ChatGPT's capabilities by providing users a dedicated space to...Reuters
Wed, Jan 7
UAE recalls some Nestle infant formula products, Qatar warns consumers
Jan 7 (Reuters) - The United Arab Emirates' drug regulator has recalled certain Nestle NESN.S infant formula products after the company recalled specific batches over a potential toxin risk, the state news agency (WAM) reported on Wednesday. The Emirates Drug Establishment said no illness or adv...Reuters
Wed, Jan 7
Oxide Computer Co Files To Say It Has Raised About $184 Million In Equity Financing
Jan 7 (Reuters) - Oxide Computer Co:OXIDE COMPUTER CO: FILES TO SAY IT HAS RAISED ABOUT $184 MILLION IN EQUITY FINANCING - SEC FILINGOXIDE COMPUTER CO: TOTAL OFFERING AMOUNT $200 MILLION - SEC FILINGSource text: [ID:n0001795071-26-000001]Reuters
Wed, Jan 7
M2i Global, Along With Volato Group, And Titanium X Sign Strategic Collaboration Agreement To Advance Critical Mineral Development In The United States
Jan 7 (Reuters) - M2i Global Inc MTWO.PK:M2I GLOBAL, ALONG WITH VOLATO GROUP, AND TITANIUM X SIGN STRATEGIC COLLABORATION AGREEMENT TO ADVANCE CRITICAL MINERAL DEVELOPMENT IN THE UNITED STATESReuters
Wed, Jan 7
KeyCorp unit to pay $7.77 million to resolve US fraud claims
Jan 7 (Reuters) - A unit of KeyCorp KEY.N will pay $7.77 million to resolve allegations it violated the federal False Claims Act by submitting fraudulent loans from the Paycheck Protection program for forgiveness, the U.S. Attorney's office in New Jersey said on Wednesday.The settlement with Key...Reuters
Wed, Jan 7
Soccer-US to face Argentina, Canada and Colombia in SheBelieves Cup
Jan 7 (Reuters) - The 11th edition of the SheBelieves Cup will take place in March, featuring hosts United States, alongside Argentina, Canada and Colombia, tournament organisers said on Wednesday.The annual four-team women's tournament will see the top two CONCACAF teams, the U.S. and Canada, c...Reuters
Wed, Jan 7
Nick Reiner's high-profile lawyer quits as public defenders take over; arraignment postponed
Nick Reiner accused of fatally stabbing parents Defendant faces two counts of first-degree murderArraignment and entry of plea postponed to February 23Departing lawyer declares ex-client 'not guilty of murder'By Steve Gorman and Lisa RichwineLOS ANGELES, Jan 7 (Reuters) - A high-profile defe...Reuters
Wed, Jan 7
