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BRIEF-Wang & Lee Group Acquires Solar (HK) Ltd For HK$15 Mln
March 3 (Reuters) - WANG & LEE GROUP Inc WLGS.O:WANG & LEE GROUP, INC. ACQUIRES SOLAR (HK) LIMITED TO ACCELERATE RENEWABLE ENERGY INNOVATION IN HONG KONGWANG & LEE GROUP INC - ACQUIRES SOLARHK FOR HK$15 MILLIONSource text: ID:nGNX6dZrYwFurther company coverage: WLGS.OReuters
Mon, Mar 3
Other
Amwins expands community association offerings through CAIS acquisition
By Mia MacGregorMarch 3 - (The Insurer) - Amwins has acquired Folsom, California-based Community Association Insurance Solutions (CAIS), an MGA and program administrator specialising in insurance solutions for homeowners' associations (HOAs), townhomes, condominiums, and planned unit development...Reuters
Mon, Mar 3
Other
Trump still weighing tariffs as deadline nears, US commerce chief says
WASHINGTON, March 3 (Reuters) - U.S. Commerce Secretary Howard Lutnick said President Donald Trump was still weighing pending tariffs on goods from Canada and Mexico before the midnight deadline and will announce his decision on Tuesday.Lutnick told CNN in an interview the two neighboring countries ...Reuters
Mon, Mar 3
Stocks
BUZZ-Genesis Energy rises after selling soda ash operations for $1.43 billion
Updates** Shares of pipeline operator Genesis Energy GEL.N rise 2.1% to $13.11** Co closes sale of its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion ** Says $1.01 billion in proceeds will be used to reduce debt and buy back shares** GEL had acquired t...Reuters
Mon, Mar 3
Stocks
Sphere Entertainment Co reports results for the quarter ended December 31 - Earnings Summary
Sphere Entertainment Co SPHR.N reported a quarterly adjusted loss of $3.49 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-4.91. The mean expectation of six analysts for the quarter was for a loss of $2.43 per share. Wall Str...Reuters
Mon, Mar 3
Stocks
US STOCKS-Wall St declines after February manufacturing data
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.Intel up after report of Nvidia, Broadcom collaborationTesla up after Morgan Stanley reinstates stock as 'top pick'Crypto stocks surge after Trump hints at new bitcoin reserve ISM manuf...Reuters
Mon, Mar 3
Stocks
BUZZ-Pliant touches record low after scrapping trial of lung-disease drug
** Shares of drug developer Pliant Therapeutics PLRX.O hit their lowest level on record at $1.59 ** The company discontinues a mid-stage trial of its experimental drug bexotegrast in patients with a type of lung disease called idiopathic pulmonary fibrosis ** PLRX says the drug trial was stopped...Reuters
Mon, Mar 3
Economic Indicator
US insurance stocks outperform Wall Street in final week of February
By Carlos PallordetMarch 3 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co rose 5.6% last week, outpacing all major Wall Street benchmarks.The S&P 500 closed the week down 1.0% while the Nasdaq-100 fell 3.4%.The small-cap Russell 2000 be...Reuters
Mon, Mar 3
Forex
BUZZ-COMMENT-Withering US exceptionalism may send EUR/USD above 1.0800
March 3 (Reuters) - EUR/USD hit a 3-session high Monday and a rally above 1.0800 may be on the cards as investors appear to be bracing for weaker U.S. growth.Above estimate February China Caixin manufacturing PMI and upwardly revised February euro zone HCOB manufacturing PMI eased some concerns of s...Reuters
Mon, Mar 3
Other
Apple defeats US consumer lawsuit over iCloud storage, for now
By Mike Scarcella March 3 (Reuters) - Apple won a ruling dismissing a lawsuit that accused the iPhone maker of illegally monopolizing the market for digital storage, causing consumers to pay more for its iCloud service.U.S. District Judge Eumi Lee in San Jose, California, on Friday said the plain...Reuters
Mon, Mar 3
Stocks
Deutsche Bank downgrades Dollar General on margin pressures, names Costco top pick
Investing.com -- Deutsche Bank (ETR:DBKGn) downgraded Dollar General (NYSE:DG) to Hold from Buy on continued margin headwinds and competitive pressures in the dollar store sector.The brokerage lowerInvesting.com
Mon, Mar 3
Stocks
Why AST SpaceMobile Stock Popped, Then Dropped Monday
AST SpaceMobile (NASDAQ: ASTS) stock opened dramatically higher on Monday morning, up 7.3% over the weekend after an early-morning press release announcing the company will form a new satellite communications business with European partner Vodafone (NASDAQ: VOD). Investors already seem to be having ...The Motley Fool
Mon, Mar 3
Stocks
BUZZ-THOR Industries gains after BofA raises to 'buy'
** Shares of recreational vehicle maker THOR Industries THO.N up 3.63% at $103 in morning trade** BofA Global Research upgrades stock to "buy" from "neutral" and hikes PT to $125 from $110, the highest among 17 brokerages covering the stock** BofA sees green shoots in the overall RV ...Reuters
Mon, Mar 3
Stocks
LIVE MARKETS-US stocks mixed after data, eye tariffs
Dow edges up, S&P 500 ~flat, Nasdaq slipsFeb ISM mfg PMI 50.3 vs 50.8 est; prices paid > estEuro STOXX 600 index up ~1%Dollar slides; crude dips; bitcoin falls >3%; gold up ~1%U.S. 10-Year Treasury yield falls to ~4.20%Welcome to the home for real-time coverage of markets brought to you by...Reuters
Mon, Mar 3
Stocks
EMERGING MARKETS-Mexican peso rises as investors focus on looming tariff deadline
Markets in Brazil, Argentina shut for public holidaysUkraine dollar bonds slide after Trump-Zelenskiy clashMexican peso, stocks rise ahead of tariff deadlineLatin American stocks up 0.4%By Shashwat Chauhan March 3 (Reuters) - The Mexican peso jumped against a softening dollar on Monday, with ...Reuters
Mon, Mar 3
Other
Ex-Barclays CEO Staley did not mislead UK watchdog about Epstein, lawyer says
Staley facing financial services ban, $2.3 million fineFCA accuses Staley of 'downplaying' closeness to EpsteinFormer Barclays CEO denies allegationsRecasts with Staley's lawyer's submissions; adds details, background in paragraphs 3-8, 12-13, 15-17By Sam Tobin LONDON, March 3 (Re...Reuters
Mon, Mar 3
Other
State Farm P&C UW loss narrows to $6.1 billion in 2024; LA wildfire payments hit $2.2 billion
By Chris MunroFeb 28 - (The Insurer) - State Farm’s P&C business saw its underwriting loss narrow to $6.1 billion in 2024 from 2023’s deficit of $14.1 billion, due to improved performance in auto.In an update issued on Friday, State Farm said the improved auto underwriting performance was partia...Reuters
Mon, Mar 3
Stocks
Kroger ousts long-time CEO after probe into personal conduct
McMullen's resignation follows probe by Kroger boardUnrelated to financial performance, did not involve any associates - KrogerRonald Sargent named interim CEOAdds McMullen's age in paragraph 3, bullets, updates sharesBy Savyata Mishra and Aishwarya Venugopal March 3 (Reuters) - U.S. gro...Reuters
Mon, Mar 3
