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U.S. RESEARCH ROUNDUP-Arcellx, Costar Group, Magnite
Feb 26 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Arcellx, Costar Group and Magnite, on Thursday. HIGHLIGHTSArcellx Inc ACLX.O: Guggenheim cuts to neutral from buy; cuts PT to $115 from $120Costar Group Inc CSGP.O: ...Reuters
3 minutes ago
US, Ukraine discuss post-war reconstruction as Russia pummels grid
Talks include $800 billion reconstruction plan for UkraineWorld Bank estimates Ukraine's rebuilding cost at $588 billionUkraine and Russia remain divided on territorial issuesBy Emma Farge and Pavel Polityuk GENEVA/KYIV, Feb 26 (Reuters) - Ukrainian and U.S. officials gathered in Geneva for t...Reuters
4 minutes ago
WPP's new CEO simplifies ad group to save 500 million pounds by 2028
WPP to integrate agencies under 'WPP Creative' for cost savingsWPP forecasts revenue decline, shares hit lowest since 1998CEO Rose focuses on data, AI, and collaboration for growthBy Paul SandleLONDON, Feb 26 (Reuters) - WPP WPP.L will combine its agencies into a single integrated company un...Reuters
13 minutes ago
Deals of the day-Mergers and acquisitions
Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: Dubai Aerospace Enterprise said it will buy aircraft leasing firm Macquarie AirFinance for an enterprise value of about $7 billion, creating a combined fleet of 1,029 planes and one ...Reuters
16 minutes ago
CIBC quarterly profit jumps on capital markets strength
Feb 26 (Reuters) - Canadian lender CIBC CM.TO reported a jump in first-quarter profit on Thursday, buoyed by robust performance in its capital markets business.Capital markets activity was robust in the November-January quarter for Canadian banks, supported by broader equity market gains and strengt...Reuters
17 minutes ago
Canada's CIBC Q1 revenue beats on loan growth
OverviewCanada bank's Q1 revenue rose 15%, beating analyst expectationsAdjusted EPS for Q1 beat analyst expectationsAdjusted net income for Q1 beat analyst expectationsOutlookCompany did not provide specific guidance for future quarters or full yearResult DriversCANADIAN PERSONAL AND BUSINESS BA...Reuters
20 minutes ago
CIBC quarterly profit jumps on capital markets strength
Feb 26 (Reuters) - Canadian lender CIBC CM.TO reported a jump in first-quarter profit on Thursday, buoyed by robust performance in its capital markets business.The bank's net income was C$3.10 billion ($2.27 billion), or C$3.21 per share, for the three months ended January 31, compared with C$2....Reuters
26 minutes ago
Threat to large IT firms 'overblown', Cognizant's AI chief says amid Anthropic-driven disruption
By Haripriya Suresh MUMBAI, Feb 26 (Reuters) - Fears that new artificial intelligence tools could replace large IT services firms are "overblown" as clients still need help deploying and scaling the technology, Babak Hodjat, chief AI officer at Cognizant CTSH.O, told Reuters in an intervi...Reuters
29 minutes ago
Dubai Aerospace to buy Macquarie AirFinance in $7 billion deal
Combined fleet to total 1,029 aircraft across 79 countriesAcquisition adds 37 airline customers, expands into seven new countriesDeal expected to close in H2 2026, subject to regulatory approvalsBy Roshan Thomas and Hadeel Al Sayegh Feb 26 (Reuters) - Dubai Aerospace Enterprise said on Thursday i...Reuters
36 minutes ago
China's Baidu revenue falls 4% as AI cloud growth fails to offset ad weakness
Feb 26 (Reuters) - China's largest search engine operator Baidu 9888.HK reported 4% revenue drop for its December quarter on Thursday, as the hit from persistent weakness in its mainstay advertising business, which was cushioned by strong growth in its cloud business.Baidu, like other tech giant...Reuters
36 minutes ago
China's Vipshop Q4 revenue dips, profit rises as costs drop
OverviewChina online discount retailer's Q4 revenue fell slightly yr/yrQ4 net income rose 5.8% yr/yrCompany returned US$944.1 mln to shareholders in 2025OutlookVipshop expects Q1 2026 revenue between RMB26.3 bln and RMB27.6 blnCompany aims to drive growth through AI and strategic investmentsResu...Reuters
45 minutes ago
Vance heads to competitive Wisconsin district to highlight Trump's economy
By Nandita Bose Feb 26 (Reuters) - U.S. Vice President JD Vance will travel on Thursday to a competitive district in Wisconsin, as the White House steps up efforts to protect the narrow Republican majority in the House of Representatives ahead of November's midterm elections.Vance will vi...Reuters
54 minutes ago
EU top court rejects Air France, others' fight against EU cargo cartel fine
By Foo Yun Chee BRUSSELS, Feb 26 (Reuters) - Air France KLM AIRF.PA, British Airways and their peers on Thursday lost their fight against EU cartel fines totalling 776 million euros ($916 million), ending a more than two-decade old saga. The Luxembourg-based Court of Justice of the Europ...Reuters
an hour ago
EU seeks G7 coordination on maritime services ban on Russian seaborne oil
By Aigerim TurgunbaevaBISHKEK, Feb 26 (Reuters) - The European Union needs to coordinate its plan to impose a full maritime services ban on Russia's seaborne crude oil exports with other G7 countries before pushing ahead with the measure, the EU's sanctions envoy said on Thursday.The Europea...Reuters
an hour ago
Countries issuing Middle East travel advisories as Iran tensions rise
Feb 26 (Reuters) - Several countries have begun withdrawing dependents of diplomatic personnel and non-essential staff from some locations in the Middle East, or advising citizens to avoid travel to Iran, amid rising tensions between Washington and Tehran.Here are some of the moves:FINLAND: The Finn...Reuters
an hour ago
EU court adviser rejects Meta's fight against EU antitrust demands for Facebook data
BRUSSELS, Feb 26 (Reuters) - An adviser to Europe's top court on Thursday backed Meta Platforms' META.O fight against EU antitrust regulators over what the U.S. tech giant said were aberrant requests for information from the later during two investigations into the company.Meta had taken its...Reuters
2 hours ago
Poland is loyal ally of US, but can't be a "sucker," Polish minister says
WARSAW, Feb 26 (Reuters) - Washington remains Poland's most important partner in military cooperation and Warsaw has been and will remain a loyal ally of the U.S., but it can't be a "sucker," Polish Foreign Minister Radoslaw Sikorski said in a speech to parliament on Thursday.Reuters
2 hours ago
Deutsche Telekom beats core profit expectations, sees mixed outlook for 2026
Home market of Germany shows signs of recoveryUS subsidiary T Mobile a key growth driverBy Emanuele Berro and Danny Callaghan Feb 26 (Reuters) - Deutsche Telekom DTEGn.DE beat fourth-quarter core profit expectations on Thursday, driven by a slight recovery of its home market, but presented a mix...Reuters
2 hours ago
