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US federal agencies directed to work with DOGE on mass layoff plans, memo shows
Adds background throughout, changes attributionWASHINGTON, Feb 26 (Reuters) - The Trump administration has instructed agencies to work with "Department of Government Efficiency team leads" to identify targets for mass layoffs as part of restructuring plans due on March 13, a memo showed on W...Reuters
Wed, Feb 26
Fidelis share price up 4% after reassurance on strategic growth and capital management
By David BullFeb 26 - (The Insurer) - The management of Fidelis Insurance Group has reassured investors that it has the balance sheet to support its strategic growth and capital management initiatives, regardless of the legal outcome in relation to its remaining Russia-Ukraine aviation and aerospace...Reuters
Wed, Feb 26
State Farm General estimates LA wildfire losses at $7.6 billion as fears grow over potential S&P downgrade
By Isha MaratheFeb 26 - (The Insurer) - State Farm General Insurance Company (SFG) has revealed its direct loss estimate for the Los Angeles wildfires stands at $7.6 billion, including reported and unreported claims, as the personal lines giant confirmed it has petitioned for an emergency rate hike...Reuters
Wed, Feb 26
Musk says US must move fast to cut trillion dollars in spending
WASHINGTON, Feb 26 (Reuters) - The U.S. must move quickly to achieve a trillion dollar reduction from the country's deficit, Elon Musk said on Wednesday at President Donald Trump's first cabinet meeting. Musk warned that the country would go bankrupt without spending cuts.Reuters
Wed, Feb 26
U.S. RESEARCH ROUNDUP-Intuit, Itron, Workday
Feb 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Intuit, Itron and Workday, on Wednesday.HIGHLIGHTS* Axon Enterprise Inc AXON.O: TD Cowen raises target price to $725 from $700* Intuit Inc INTU.O: Piper Sandler rais...Reuters
Wed, Feb 26
BREAKINGVIEWS-BP reincarnates as more vulnerable Shell
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.By Yawen Chen LONDON, Feb 26 (Reuters Breakingviews) - BP BP.L is doing a Shell-style SHEL.L reset nearly two years after its arch-rival’s dirty pivot. Amid pressure from activist investor Elliott Investment Mana...Reuters
Wed, Feb 26
BRIEF-Pirelli Q4 Prelim Adjusted EBIT EUR 244.6 Million Above Company-Provided Consensus
Feb 26 (Reuters) - Pirelli & C SpA PIRC.MI:Q4 PRELIM ADJUSTED EBIT EUR 244.6 MILLION VERSUS EUR 228 MILLION IN COMPANY-PROVIDED CONSENSUSQ4 PRELIM REVENUE EUR 1.59 BILLION VERSUS EUR 1.53 BILLION IN COMPANY-PROVIDED CONSENSUSQ4 EBIT ADJUSTED MARGIN AT 15.4%Q4 PRELIM NET INCOME EUR 130.0 MILLION ...Reuters
Wed, Feb 26
Trump says Ukraine's Zelenskiy to visit Washington on Friday, sign agreement
WASHINGTON, Feb 26 (Reuters) - U.S. President Donald Trump said Ukrainian President Volodymyr Zelenskiy will be coming to Washington on Friday to sign an agreement on rare earth minerals and other topics.Trump made the comment during a Cabinet meeting at the White House on Wednesday.Reuters
Wed, Feb 26
NFL-'Tush push' play under renewed scrutiny from coaches, owners
NEW YORK, Feb 26 (Reuters) - Momentum is growing at the NFL Combine to disallow the Philadelphia Eagles' signature "tush push", amid reports that the Green Bay Packers have submitted a proposed rule change to ban the play.The Eagles' signature move - that netted them one of several t...Reuters
Wed, Feb 26
Ukraine bonds rally on preliminary US critical minerals deal
Updates prices, adds analyst quotes and context throughoutBy Karin Strohecker LONDON, Feb 26 (Reuters) - Ukraine's international bonds rallied on Wednesday after Kyiv said it had a "preliminary" deal on critical mineral resources with Washington seen as central to its push to win supp...Reuters
Wed, Feb 26
Allstate files response in Texas attorney general's telematics data privacy suit
By Isha MaratheFeb 26 - Allstate has said its Arity unit is a distinct legal entity from the insurance business and only collects and processes driver data with explicit user consent, in a response to Texas Attorney General Ken Paxton's data privacy lawsuit against the insurer. Paxton's off...Reuters
Wed, Feb 26
Chubb names Robic as EMEA regional president, Furby moves to executive chairman
By Rebecca DelaneyFeb 26 - (The Insurer) - Chubb has named Ana Robic as regional president of Europe, Middle East and Africa, succeeding David Furby, who has been appointed executive chairman for the region.In her new role Robic will assume executive operating responsibility for Chubb’s European bus...Reuters
Wed, Feb 26
Warner Bros Discovery's Max to offer sports, news content at no extra cost for premium, standard users
Feb 26 (Reuters) - Warner Bros Discovery WBD.O said on Wednesday that it plans to offer sports and news content at no additional cost on its streaming platform, Max, to standard and premium subscribers in the U.S. As customers shift from cable TV networks to streaming services, media companies su...Reuters
Wed, Feb 26
AM Best: Casualty reinsurance capacity remains strong, but pressures mount as loss costs rise
By Mia MacGregorFeb 26 - (The Insurer) - Rising litigation costs and higher jury awards continue to exert financial pressure on the casualty reinsurance segment, prompting reserve strengthening measures for some carriers and squeezing profit margins, according to a new AM Best report.The report stat...Reuters
Wed, Feb 26
US federal agencies directed to prepare for mass layoffs, memo shows -Fox News
WASHINGTON, Feb 26 (Reuters) - The Trump administration has directed federal agencies to submit a reorganization plan by March 13 to prepare for mass layoffs, according to a memo released on Wednesday, Fox News reported. The memo, published by the federal HR agency known as the Office of Personnel ...Reuters
Wed, Feb 26
Israel mourns Bibas family as Hamas signals breakthrough on hostages
Standoff over prisoner release resolvedHamas says final four hostage bodies to be returned on WednesdayThousands line Israeli streets to mourn Bibas familyAdds Netanyahu confirms hostage handover, paragraph 3, 17-19By Rami Amichay and Nafisa Eltahir RISHON LEZION, Israel/CAIRO, Feb 26 (Reuters) -...Reuters
Wed, Feb 26
Lilly plans to invest $27 billion in new US plants as Trump threatens pharmaceutical tariffs
Adds further CEO comment from conference in paragraphs 6 and 13By Patrick Wingrove and Ahmed Aboulenein Feb 26 (Reuters) - Eli Lilly LLY.N plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as ...Reuters
Wed, Feb 26
US abstains from WTO condemnation of Russian aggression in Ukraine, sources say
Updates with U.S. comment in paragraph 4By Olivia Le Poidevin GENEVA, Feb 26 (Reuters) - The United States on Wednesday abstained from a statement by members of the World Trade Organization condemning Russia's aggression in Ukraine, a diplomatic source and a Geneva trade official told Reuters...Reuters
Wed, Feb 26
