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McKesson to spin off surgical supplies unit, forecasts strong annual profit
May 8 (Reuters) - McKesson MCK.N forecast fiscal 2026 profit largely above estimates on Thursday and said it is planning to spin off its medical-surgical solutions unit into an independent company to focus on its core drug distribution business.Shares of the drug distributor rose 2% in extended trad...Reuters
Thu, May 8
Stocks
Cloudflare jumps on optimistic Q2 forecast
** Software firm Cloudflare's NET.N shares rise 10.3% to $137.01 in extended trading ** NET forecasts Q2 revenue above estimates; full-year outlook remains unchanged** Co expects sales between $500 million to $501 million, midpoint of range above estimates of $500.3 mln — LSEG** Sees adj profit ...Reuters
Thu, May 8
Other
Trump calls for 30-day Russia-Ukraine ceasefire, warns of more sanctions
By Kanishka Singh WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump called on Thursday for a 30-day unconditional ceasefire between Russia and Ukraine, warning that Washington and its partners would impose further sanctions if the ceasefire is not respected.Ukraine has expressed readiness...Reuters
Thu, May 8
Commodities
CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
May 8 (Reuters) - The discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Thursday.WCS for June delivery in Hardisty, Alberta, settled at $9.10 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, after havin...Reuters
Thu, May 8
Other
Prevost surprises as first US pope, takes name Leo XIV
'Peace be with you all,' says pope in first comment to crowdPrevost is first U.S. pope, spent many years in PeruHe was elected on just second day of conclaveBy Joshua McElwee, Crispian Balmer and Philip Pullella VATICAN CITY, May 8 (Reuters) - Cardinal Robert Prevost, a long-time missiona...Reuters
Thu, May 8
Other
Brazil pulp maker Suzano multiplies net income, but core profit misses estimates
SAO PAULO, May 8 (Reuters) - Brazilian pulp maker Suzano posted on Thursday a 6.3 billion reais ($1.11 billion) net profit in the first-quarter, multiplying from the 220 million real profit it had in the same period last year.However, its closely watched core earnings, as measured by the adjusted EB...Reuters
Thu, May 8
Other
'For us, the Pope is Peruvian': Andean nation cheers election of Pope Leo XIV
By Marco AquinoLIMA, May 8 (Reuters) - In the Peruvian coastal city of Chiclayo, some 5,000 kilometers (3,000 miles) from new Pope Leo XIV's hometown of Chicago, Catholics took to the streets and church bells rang on Thursday to celebrate the election of the former missionary who they embrace as...Reuters
Thu, May 8
Other
Judge grills Trump administration over order against law firm Susman Godfrey
Susman Godfrey represents Dominion Voting Systems in election-related litigationJudge questioned rationale for punishing firmLawyer for firm said Trump's orders seek to intimidate law firmsBy Mike Scarcella and David Thomas May 8 (Reuters) - U.S. law firm Susman Godfrey asked a judge in Washi...Reuters
Thu, May 8
Other
Aspen closes up 8% on first day of trading after IPO
By Michael LoneyMay 8 - (The Insurer) - Aspen Insurance Holdings Limited’s share price closed up 8.3% on its first day of trading following its initial public offering, while American Integrity Insurance Group closed up 5.6% on its market debut.Both companies began trading on the New York Stock Exch...Reuters
Thu, May 8
Stocks
Wolfspeed sees 2026 revenue below estimates; shares slump
May 8 (Reuters) - Chipmaker Wolfspeed WOLF.N forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.The company, which manufactures chips using silicon carbide, a more energy-efficient material...Reuters
Thu, May 8
Other
Amazon, Apple seek legal fees as sanction in US consumer lawsuit
By David Thomas and Mike Scarcella May 8 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to D.Thomas@thomsonreuters.com)Apple and Amazon have asked for a combined $223,000 in sanctions against a prominent class action law firm, accus...Reuters
Thu, May 8
Other
US wants to spend billions to revamp aging air-traffic control system
Airlines say at least $31 billion is neededTrump administration wants billions for new radar, equipment, facilitiesCongress is expected to decide total funding in coming monthsBy David Shepardson WASHINGTON, May 8 (Reuters) - U.S. Transportation Secretary Sean Duffy unveiled a plan on Thursday to...Reuters
Thu, May 8
Commodities
LIVESTOCK-CME cattle higher as grilling season ramps up
By Heather Schlitz CHICAGO, May 8 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle rose on Thursday, as demand surged ahead of Mother's Day and the start of grilling season, analysts said.A tight cattle supply and strong demand from consumers and retailers has propelled c...Reuters
Thu, May 8
