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Totalis launches entertainment industry-focused MGA Spotlight
By Chris MunroMay 14 - (The Insurer) - Totalis Program Underwriters has added to its roster of MGAs with the launch of Spotlight Entertainment Insurance, which provides insurance solutions to ancillary businesses that support production companies within the entertainment industry.Spotlight has been ...Reuters
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Golf-McIlroy living the dream at Quail Hollow with career Grand Slam complete
By Frank PingueCHARLOTTE, North Carolina, May 14 (Reuters) - Rory McIlroy, whose Masters triumph last month completed a years-long pursuit of the career Grand Slam, said on Wednesday he has accomplished everything in golf he ever dreamed of and will not be burdened by any number-specific goals goin...Reuters
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Solid Biosciences Inc expected to post a loss of 56 cents a share - Earnings Preview
Solid Biosciences Inc SLDB.OQ SLDB.O is expected to show no change in quarterly revenue when it reports results on May 16 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Solid Biosciences Inc is for a loss of 56 cents per share. The current average analyst ratin...Reuters
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Canadian industry minister says she plans to talk to head of Honda
OTTAWA, May 14 (Reuters) - New Canadian Industry Minister Melanie Joly on Wednesday told reporters she planned to talk to the head of Honda Motor 7267.T by the end of the day after the carmaker said it would pause a major Canadian project.Honda on Tuesday forecast a 59% profit decrease in the curren...Reuters
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Trump's drug pricing order threatens Roche's $50 billion US investment plans, company says
LONDON, May 14 (Reuters) - U.S. President Donald Trump's executive order on drug pricing threatens Roche's ROG.S planned $50 billion investment in the United States, the company said on Wednesday.Trump's order, signed Monday, directs pharmaceutical companies drugmakers to lower prices of...Reuters
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German foreign minister to meet US's Rubio on sidelines of NATO talks in Turkey
BERLIN, May 14 (Reuters) - Germany's new foreign minister, Johann Wadephul, will participate in an informal NATO meeting with his counterparts in Turkey on Thursday and will meet his U.S. counterpart Marco Rubio for bilateral talks, the ministry said on Wednesday.Reuters
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Zurich adds Chubb's Himes as head of underwriting in US middle market
By Isha MaratheMay 14 - (The Insurer) - Zurich North America has hired Bennett Himes, former vice president and casualty leader for Chubb’s middle market division, as head of underwriting in the U.S. middle market. Himes succeeds John Diaz, who moved to lead Zurich's customer and distribution m...Reuters
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Hapag-Lloyd boosted by US-China trade truce, CEO says
FRANKFURT, May 14 (Reuters) - Hapag-Lloyd HLAG.DE has seen an increase in demand for freight traffic this week between the United States and China, following a cooling in the countries' trade tensions.The U.S. and China on Monday agreed to slash steep tariffs for at least 90 days, suspending a t...Reuters
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China urges Mexico to resist 'unilateral acts', defend free trade rules
BEIJING, May 14 (Reuters) - China is willing to work with Mexico to resist and oppose "unilateral acts" and defend free trade rules, Foreign Minister Wang Yi told Mexican counterpart Juan Ramon de la Fuente in Beijing on Wednesday.Wang said China welcomes more Mexican products into its marke...Reuters
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Franklin Templeton And PIF Sign MoU To Invest $5 Bln In Saudi Financial Markets
May 14 (Reuters) - FRANKLIN TEMPLETON FINANCIAL COMPANY (FTFC):FRANKLIN TEMPLETON AND PIF SIGN MOU TO INVEST $5 BILLION IN SAUDI FINANCIAL MARKETSPARTNERSHIP AIMS TO DRIVE INVESTMENTS INTO SAUDI FINANCIAL MARKETS FROM INTERNATIONAL AND DOMESTIC INVESTORSINVESTMENTS MAY RANGE ACROSS SAUDI EQUITY AND ...Reuters
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Air Canada's flight attendants union files for conciliation
May 14 (Reuters) - The Canadian Union of Public Employees representing 10,000 flight attendants at Air Canada AC.TO said on Wednesday it has filed for conciliation with the federal minister of labour due to an impasse in negotiations with the carrier.Reuters
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Germany arrests three Ukrainians suspected of spying in exploding parcel plot
Prosecutors say suspects had contact with Russian stateJustice minister decries 'targeted sabotage'Arrests follow fires at depots last yearBy Rachel More BERLIN, May 14 (Reuters) - Three Ukrainians have been arrested over a plot to mail exploding parcels from Germany to Ukraine, prosecuto...Reuters
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U.N.'s Guterres: Uphold international law on Ukraine or face chaos worldwide
BERLIN, May 14 (Reuters) - Failure to achieve a just peace that respects Ukraine's territorial integrity would undermine international law and cause chaos worldwide, United Nations Secretary-General Antonio Guterres warned on Wednesday."It is extremely important in a moment like this that in...Reuters
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Norway wealth fund invests $800 mln in US logistics property fund
May 14 (Reuters) - Norges Bank [RIC:RIC:NOCB.UL]:NORGES BANK INVESTMENT MANAGEMENT HAS ENTERED INTO AN AGREEMENT WITH BLACKSTONE TO COMMIT $800 MILLION TO BLACKSTONE'S CORE+ NORTH AMERICA LOGISTICS CLOSED-END FUNDSource text: https://shorturl.at/LFCz2Reuters
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Tennis-Gauff overpowers Andreeva to reach Italian Open semi-finals
May 14 (Reuters) - World number three Coco Gauff quelled the challenge of seventh seed Mirra Andreeva with a 6-4 7-6(5) victory on Wednesday to reach the Italian Open semi-finals for a second successive year.Gauff, who will take on either world number one Aryna Sabalenka or eighth seed Zheng Qinwen ...Reuters
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Saudi Arabia's PIF strikes multi-billion investment deals with US asset managers
DUBAI, May 14 (Reuters) - Saudi Arabia's sovereign wealth fund Public Investment Fund on Wednesday announced it has struck multi-billion deals with U.S.-based asset management giants Franklin Templeton BEN.N and Neuberger Berman.Reuters
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Neuberger Berman, PIF Collaborate on Investment Programme To Boost Regional Capital Markets
May 14 (Reuters) - NEUBERGER BERMAN GROUP [RIC:RIC:NUBRM.UL]:NEUBERGER BERMAN AND PIF COLLABORATE FOR US $6 BILLION INVESTMENT PROGRAMME TO BOOST REGIONAL CAPITAL MARKETSMOU TO LAUNCH A RIYADH-BASED MULTI-ASSET INVESTMENT MANAGEMENT PLATFORMFurther company coverage: NUBRM.ULReuters
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Deals of the day-Mergers and acquisitions
May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Databricks said it would buy database startup Neon in a deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses deve...Reuters
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Tower Semiconductor forecasts quarterly revenue above estimates on steady wireless chip demand
May 14 (Reuters) - Contract chipmaker Tower Semiconductor TSEM.TA, TSEM.O forecast second-quarter revenue above Wall Street estimates on Wednesday, driven by strong demand for wireless communication and power management chips.The Israel-based company specializes in analog and mixed-signal semiconduc...Reuters
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California's insurance commissioner approves State Farm's emergency rate increase
By Isha MaratheMay 13 - (The Insurer) - State Farm General has been approved for an interim emergency rate increase in California, granting it a $400 million capital infusion from its parent company, ordered by an administrative law judge and approved by state insurance commissioner Ricardo Lara on...Reuters
10 hours ago
Bluebird bio receives higher upfront offer from PE firms Carlyle, SK Capital
May 14 (Reuters) - Carlyle Group CG.O and SK Capital Partners increased their upfront offer to take over gene therapy maker bluebird bio BLUE.O, the companies said on Wednesday.Shares of bluebird bio jumped over 50% to $4.97 in early trading.The private equity firms made a new offer of $5 per share ...Reuters
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Goldman Sachs fined for failing to properly report billions of trades
NEW YORK, May 14 (Reuters) - Goldman Sachs GS.N will pay a $1.45 million civil fine to settle a U.S. regulator's claims that the Wall Street bank failed to accurately report data for billions of stock market trades.The Financial Industry Regulatory Authority said in a consent order on Tuesday th...Reuters
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German foreign minister warns countries can't fill gap if U.S. pulls UN peacekeeping funding
By Thomas Escritt and Olivia Le Poidevin GENEVA, May 14 (Reuters) - Countries will not be able to fill the gap if the U.S. withdraws its funding for the United Nations peacekeeping mission, Germany's foreign minister said on Wednesday."We won't fully be able to fill the gap if the U.S...Reuters
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