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Morgan Stanley restricts redemptions at private credit fund after withdrawals surge
By Manya Saini March 11 (Reuters) - Wall Street banking giant Morgan Stanley MS.N has limited redemptions at one of its private credit funds after investors sought to withdraw almost 11% of shares outstanding, a regulatory filing showed on Wednesday. A flurry of bad news following several credit ...Reuters
7 minutes ago
EXCLUSIVE-US intelligence says Iran government is not at risk of collapse, say sources
US intelligence sees no imminent collapse of Iran governmentRecent intelligence reports are consistentIranian Kurdish militias short of fighters, armsBy Erin Banco and Jonathan Landay NEW YORK/WASHINGTON, March 11 (Reuters) - U.S. intelligence indicates that Iran's leadership is still largely...Reuters
20 minutes ago
Morgan Stanley limits redemptions on private credit fund, filing shows
March 11 (Reuters) - Wall Street banking giant Morgan Stanley MS.N has limited redemptions at its North Haven Private Income Fund after investors sought to withdraw almost 11% of shares outstanding, a regulatory filing showed on Wednesday.Reuters
47 minutes ago
Pentagon opens door to exempt Anthropic use beyond 6-month ramp-down, memo says
By Alexandra Alper WASHINGTON, March 11 (Reuters) - The Pentagon has told its senior leaders that use of Anthropic's AI tools may continue beyond a previously announced six-month phase-out period if deemed critical to national security, according to an internal memo seen by Reuters.The memo i...Reuters
54 minutes ago
Pentagon headhunting Goldman, JPMorgan bankers for 'Economic Defense Unit', Semafor reports
March 11 (Reuters) - The Pentagon is building a new team of investment bankers steeped in private equity to invest $200 billion over three years in defense deals, Semafor reported on Wednesday, citing a document it had reviewed.The Department of Defense is specifically going after Goldman Sachs GS.N...Reuters
54 minutes ago
IperionX's half-year net loss widens amid expansion
OverviewU.S. titanium producer posted half-year net loss of $34.8 mln and loss per share of $0.10, compared with $16.2 mln in the previous corresponding periodCompany focused on expanding Virginia production capacity and scaling commercial operationsOutlookCompany targets commissioning expanded Virg...Reuters
54 minutes ago
Canada's DATA Communications Management 2025 revenue falls
OverviewCanada print and digital solutions firm's fiscal 2025 revenue fell 6.2% year-over-yearAdjusted EBITDA and adjusted net income declined from prior yearCompany increased free cash flow, reduced net debt, and returned C$17.6 mln to shareholdersOutlookDATA Communications Management expects i...Reuters
an hour ago
US, Russian teams met in Florida and discussed 'variety of topics,' Witkoff says
March 11 (Reuters) - A Russian delegation led by President Vladimir Putin's special envoy Kirill Dmitriev met with a U.S. delegation in Florida on Wednesday, U.S. special envoy Steve Witkoff said, adding that the teams discussed a "variety of topics" and agreed to stay in touch.Reuters
an hour ago
Canada's North American Construction Q4 core profit misses estimates
OverviewCanada heavy civil contractor's Q4 combined revenue fell 7.7%Adjusted EPS for Q4 was negative, down from prior year, impacted by Fargo project costsQ4 adjusted EBITDA was C$77.6 mln, and missed analyst expectationsOutlookCompany expects 2026 combined revenue between C$1.5 bln and C$1.7 b...Reuters
an hour ago
Trump administration estimates Iran war cost at over $11 billion in six days, source says
White House has not provided public assessment of costTrump said on Wednesday 'we won'Congress may soon consider providing billions in Iran war funding By Patricia Zengerle WASHINGTON, March 11 (Reuters) - Officials from President Donald Trump's administration estimated during a congr...Reuters
an hour ago
Trump administration must make New York tunnel payments, appeals court rules
Trump has opposed projectUS Transportation Department says considering appealSeparate suit filed by Gateway Development Commission is pendingBy David Shepardson March 11 (Reuters) - The U.S. federal government must keep making payments on the $16 billion New York Hudson Tunnel after an appeals co...Reuters
an hour ago
Canada's NFI Group misses Q4 revenue estimates
OverviewCanada bus maker's fiscal Q4 revenue rose 22.5% yr/yr but missed analyst expectationsAdjusted EPS for fiscal Q4 beat analyst expectations, driven by margin expansion and backlog conversionQuarter benefited from battery settlement and higher-margin deliveriesOutlookNFI sees 2026 revenue b...Reuters
2 hours ago
Fitch Ratings Gas Price Spike To Pressure Latam Utilities Rating Impact Limited
FITCH RATINGS: GAS PRICE SPIKE TO PRESSURE LATAM UTILITIES; RATING IMPACT LIMITEDFITCH: NATGAS PRICE UNCERTAINTY FROM IRAN CONFLICT COULD CREATE NEAR-TERM EARNINGS PRESSURE FOR MEXICAN & COLOMBIAN UTILITIESFurther company coverage: [ ]Reuters
2 hours ago
Globalfoundries Announces Launch Of Public Secondary Offering And Concurrent Share Repurchase
March 11 (Reuters) - Globalfoundries Inc GFS.O:GLOBALFOUNDRIES ANNOUNCES LAUNCH OF PUBLIC SECONDARY OFFERING AND CONCURRENT SHARE REPURCHASEGLOBALFOUNDRIES INC - LAUNCHES SECONDARY OFFERING OF 20 MILLION SHARES AND $300 MILLION SHARE REPURCHASEReuters
2 hours ago
Stratus Properties' Board Of Directors Announces Conclusion Of Strategic Alternatives Review
March 11 (Reuters) - Stratus Properties Inc STRS.O:STRATUS PROPERTIES INC. BOARD OF DIRECTORS ANNOUNCES CONCLUSION OF STRATEGIC ALTERNATIVES REVIEW AND PURSUIT OF PLAN TO SELL ASSETS AND DISTRIBUTE NET PROCEEDS TO STOCKHOLDERSSTRATUS PROPERTIES INC - TO FINALIZE LIQUIDATING DISTRIBUTIONS AND SEEK CO...Reuters
2 hours ago
Canada's Algoma Steel Q4 revenue misses estimates
OverviewCanada steel plate producer's Q4 revenue fell year-over-year, missing analyst expectationsQ4 adjusted EBITDA loss widened OutlookAlgoma expects annual raw steel production capacity of about 3.7 mln tons post-EAF transitionResult DriversTARIFF IMPACT - Co said 50% U.S. Section 232 tariffs...Reuters
2 hours ago
Joby’S First Faa-Conforming Aircraft Takes Flight
March 11 (Reuters) - Joby Aviation Inc JOBY.N:JOBY’S FIRST FAA-CONFORMING AIRCRAFT TAKES FLIGHTJOBY AVIATION INC - FAA PILOTS EXPECTED TO BEGIN 'FOR CREDIT' TIA FLIGHT TESTING LATER THIS YEARJOBY AVIATION INC - BUYS 700,000 SQ-FT DAYTON FACILITY TO SUPPORT PLANS TO DOUBLE PRODUCTION TO FOUR ...Reuters
2 hours ago
