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Trump expected to sign another DOGE-related executive order, Semafor reports
WASHINGTON, Feb 26 (Reuters) - U.S. President Donald Trump is expected to sign another executive order on Wednesday related to cost-cutting efforts by the Department of Government Efficiency, Semafor reported.Reuters
Wed, Feb 26
Salesforce forecasts annual revenue below estimates
Feb 26 (Reuters) - Business software provider Salesforce CRM.N forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, weighed down by slower adoption of its artificial intelligence agent platform.The company expects revenue to be between $40.5 billion and $40.9 billion, compared t...Reuters
Wed, Feb 26
Algoma Steel Group Inc expected to post a loss of 81 cents a share - Earnings Preview
Algoma Steel Group Inc ASTL.OQ, ASTL.O is expected to show a fall in quarterly revenue when it reports results on February 28 (estimated) for the period ending December 31 2024The Sault Ste. Marie Ontario-based company is expected to report a 1.6% decrease in revenue to C$605.633 million from C$61...Reuters
Wed, Feb 26
Paramount Global misses quarterly revenue estimates on continued cable TV declines
Feb 26 (Reuters) - Paramount Global PARA.O fell short of Wall Street's fourth-quarter revenue expectations on Wednesday as a continued decline in its cable TV unit clouded higher-than-expected subscriber growth for its Paramount+ streaming platform. Media giants are reshaping their business stra...Reuters
Wed, Feb 26
Arctic Wolf: Data theft involved in 96% of ransomware cases as threat tactics evolve
By Mia MacGregorFeb 26 - (The Insurer) - Ninety-six percent of ransomware cases now involve data theft as threat actors evolve in response to stronger backup and restoration capabilities, according to a new report from Arctic Wolf.The 2025 Threat Report, based on data from hundreds of global digital...Reuters
Wed, Feb 26
Nelson Peltz's Trian to push Solventum to further simplify business, WSJ reports
Adds Trian statement in paragraph 3 Feb 26 (Reuters) - Activist investor Nelson Peltz's Trian Fund Management plans to push Solventum SOLV.N for further business separations following the company's $4.1 billion filtration unit sale, the Wall Street Journal reported on Wednesday, citing pe...Reuters
Wed, Feb 26
Canada deports more people, predominantly those rejected for refugee status
Canada deported more people last year than at any point since at least 2015About 79% of those deported last year through November 19, 2024 were failed refugee claimantsRefugee lawyers say people being deported while appealing casesBy Anna Mehler Paperny TORONTO, Feb 26 (Reuters) - Canada deported...Reuters
Wed, Feb 26
Goodyear, Bridgestone, other tiremakers defeat price-fixing lawsuits
By Mike Scarcella Feb 26 (Reuters) - Goodyear, Bridgestone and four other tire manufacturers have persuaded a U.S. judge to dismiss class-action lawsuits accusing them of conspiring to overcharge consumers and businesses in the multibillion-dollar market for replacement tires.U.S. Chief District ...Reuters
Wed, Feb 26
Mission-backed MGU Templar Specialty expands D&O offerings to public companies
By Mia MacGregorFeb 26 - (The Insurer) - Mission Underwriters-backed MGU Templar Specialty has expanded its executive and professional liability insurance portfolio to include excess and A-side D&O coverage for public companies.This expansion builds on the 2022 launch of Templar Specialty’s exec...Reuters
Wed, Feb 26
US Postal Service adopts new service standards to save $36 billion over 10 years
WASHINGTON, Feb 26 (Reuters) - The United States Postal Service said on Wednesday it is adopting new service standards that will save the money-losing agency at least $36 billion over 10 years.USPS has lost more than $100 billion since 2007, including $9.5 billion in the 12 months ending Sept. 30. O...Reuters
Wed, Feb 26
EXCLUSIVE-Bain Capital mulls $10 billion sale of Rocket Software, sources say
Bain Capital taps Moelis and RBC for Rocket's sale processSale could value Rocket Software at as much as $10 billionRocket currently generates EBITDA of nearly $800 millionBy Milana VinnFeb 26 (Reuters) - Private equity firm Bain Capital is weighing options, including a sale, for Rocket Software...Reuters
Wed, Feb 26
New York man charged in investment fraud, admitted 'I am fake' in recording, authorities say
By Jonathan StempelNEW YORK, Feb 26 (Reuters) - A New York City man was charged by federal and local authorities on Wednesday with stealing millions of dollars for his firm Never Alone Capital LLC, even as he created an audio recording where he described himself as a failure and his firm as fake.Ala...Reuters
Wed, Feb 26
Exclusive: Workers comp insurtech CompScience raises $27.6 million in Sands Capital-led Series B
By James ThalerFeb 26 - (The Insurer) - Workers compensation-focused insurtech MGA CompScience has raised $27.6 million in a Series B funding round led by Sands Capital and supported by Four More Capital, Working Capital and Valor Equity Partners that is aimed at expanding its market reach.San Franc...Reuters
Wed, Feb 26
US to announce 25% tariff on EU very soon, Trump says
Recasts paragraph 1 and headline with tariff rate, adds quote in paragraph 2 and background in paragraph 3Feb 26 (Reuters) - U.S. President Donald Trump said on Wednesday that his administration will soon announce a 25% tariff on imports from the European Union."We have made a decision, and we&#...Reuters
Wed, Feb 26
US fund firms face fresh probe by lawmakers over climate group roles
By Simon Jessop and Ross Kerber Feb 26 (Reuters) - Leading U.S. asset managers have been asked by Republican lawmakers to detail their role in a planned overhaul of the sector's top climate coalition amid concern its efforts amount to collusion, letters to the firms seen by Reuters showed.Th...Reuters
Wed, Feb 26
US tells New York City it must end congestion pricing by March 21
Feb 26 (Reuters) - New York City must end its congestion pricing program by March 21, the Trump administration said in a letter made public on Wednesday.Last week, the Transportation Department said it was rescinding federal approval of New York City's congestion pricing program designed to redu...Reuters
Wed, Feb 26
US judge briefly extends reinstatement of watchdog fired by Trump
WASHINGTON, Feb 26 (Reuters) - A U.S. judge on Wednesday briefly extended an order reinstating the head of a federal watchdog agency responsible for protecting whistleblowers who had challenged his firing by President Donald Trump.Reuters
Wed, Feb 26
BRIEF-Partners Value Split Corp. Increases Size Of Public Offering Of Class AA Preferred Shares, Series 15 To $200 Mln
Feb 26 (Reuters) - Partners Value Split Corp PVS_pg.TO:PARTNERS VALUE SPLIT CORP. INCREASES SIZE OF PUBLIC OFFERING OF CLASS AA PREFERRED SHARES, SERIES 15 TO $200 MILLIONSource text: ID:nGNX7P8C4wFurther company coverage: [PVS_pg.TO]Reuters
Wed, Feb 26
