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Stocks
Packaging firm International Paper to close four US plants, cut 1% of global jobs
Feb 13 (Reuters) - International Paper IP.N said on Thursday it was shutting down four production facilities in the U.S. and laying off about 1% of its global workforce to tackle softer demand for its packaging products from e-commerce and consumer goods firms.Shares of the company, which reported ...Reuters
Thu, Feb 13
Other
Musk will pull OpenAI bid if ChatGPT maker remains non-profit, lawyers say
Musk's bid aims to block OpenAI's for-profit conversion OpenAI board plans to reject Musk's bid, calling it 'ridiculous'Analysts say offer complicates OpenAI's for-profit transitionUpdates with new information and OpenAI filingBy Shivani Tanna, Aditya Soni and Krystal Hu F...Reuters
Thu, Feb 13
Commodities
Bolivia set to start up China-funded steel plant
By Monica Machicao LA PAZ, Feb 13 (Reuters) - A China-funded steel plant in Bolivia first planned half a century ago is set to start production this month with enough output to cover half the country's needs, according to Bolivian officials.The $546-million Mutun plant was largely funded by t...Reuters
Thu, Feb 13
Other
BRIEF-The Growhub Limited Says Now Sees U.S. IPO Of Up To 2.9 Million Class A Ordinary Shares - SEC Filing
Feb 13 (Reuters) - The Growhub Limited:THE GROWHUB LIMITED: NOW SEES U.S. IPO OF UP TO 2.9 MILLION CLASS A ORDINARY SHARES - SEC FILINGGROWHUB LTD ADDS ALEXANDER CAPITAL L.P. AS UNDERWRITER TO U.S. IPO- SEC FILINGSource text: [ID:n0001493152-25-006293]Reuters
Thu, Feb 13
Other
BRIEF-SouthGobi Resources Updates On Mongolia Tax Audit
Feb 13 (Reuters) - SouthGobi Resources Ltd SGQ.V:UPDATE ON MONGOLIA TAX AUDITTAX DISPUTE RESOLUTION COUNCIL DETERMINED TO REDUCE RE-ASSESSED AMOUNT OF TAX PENALTY TO $26.5 MILLIONREVISED RE-ASSESSMENT RESULT WILL IMPACT COMPANY'S FINANCIAL STATEMENTS FOR YEAR 2024Further company coverage: SGQ.VReuters
Thu, Feb 13
Stocks
Why Novo Nordisk Stock Keeps Going Down
Novo Nordisk (NYSE: NVO) stock is in a funk. Shares of the GLP-1 diet drug manufacturer have been sliding all week long, beginning with a 3% decline on Monday from last Friday's close, and falling another 2.6% through 10:10 a.m. ET on Thursday.And why? Monday's decline probably owes to rival GLP-1 c...The Motley Fool
Thu, Feb 13
Other
Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Elliott takes near 5% stake, source saysElliott pushes for divestment, cost cuts, source saysCEO Auchincloss to use CMD to announce his new strategyAdds more details throughout on Elliott's campaignBy Anousha Sakoui and Arunima Kumar Feb 13 (Reuters) - Activist investor Elliott Management ha...Reuters
Thu, Feb 13
Other
Europe can't turn Uncle Sam into "Uncle Sucker", US defense secretary says
BRUSSELS, Feb 13 (Reuters) - U.S. Defense Secretary Pete Hegseth rejected criticism on Thursday of Washington's negotiating strategy with Russia on the war in Ukraine, and warned Europe against treating America like a "sucker" by making it responsible for its defense."Make no mistake...Reuters
Thu, Feb 13
Cryptocurrencies
Robinhood gains ground in crypto trading, intensifying competition
Analysts see competition with Coinbase intensifying Shares surge after record Q4 results Trump’s win fuels crypto sector rallyAdds stock milestone in paragraph 2, graphic on average revenue per user growthBy Niket Nishant and Manya Saini Feb 13 (Reuters) - Robinhood HOOD.O has cemented its footh...Reuters
Thu, Feb 13
Other
Reliance-Disney to stop completely free IPL cricket streaming in India, sources say
By Aditya Kalra NEW DELHI, Feb 13 (Reuters) - The Reliance-Disney joint venture will no longer offer completely free streaming for IPL cricket matches and will adopt a hybrid model where subscription kicks in after content consumption reaches a threshold, three sources told Reuters on Thursday. T...Reuters
Thu, Feb 13
Other
BRIEF-Howmet Aerospace Exec On Tariffs Says Are Well Positioned Due To Strong Commercial Agreements, Will Pass On Additional Costs To Customers
Feb 13 (Reuters) - Howmet Aerospace Inc HWM.N:HOWMET AEROSPACE EXEC ON TARIFFS: ARE WELL POSITIONED DUE TO STRONG COMMERCIAL AGREEMENTS, WILL PASS ON ADDITIONAL COSTS TO CUSTOMERS - CONF. CALLHOWMET AEROSPACE EXEC SAYS SHOULD BOEING BUILD 737 JETS AT MONTHLY RATE OF 38 OR 42 “WE WILL MATCH THIS”HOWM...Reuters
Thu, Feb 13
Cryptocurrencies
Robinhood is using stablecoins to power its weekend settlements
Retail brokerage platform Robinhood has disclosed that it is using stablecoins for its weekend settlements, noting that this is just one of the benefits of stablecoins. The CEO, Vlad Tenev, disclosed this during its latest earnings call for Q4 of 2024. According to Tenev, Robinhood is already enjoying the benefits of stablecoin technology for its […]Cryptopolitan
Thu, Feb 13
Other
BRIEF-Deutsche Lufthansa Says Westjet And Lufthansa Technik Sign Multi-Billion Dollar Aircraft Engine Maintenance Contract
Feb 13 (Reuters) - DEUTSCHE LUFTHANSA AG LHAG.DE:WESTJET AND LUFTHANSA TECHNIK SIGN MULTI-BILLION DOLLAR AIRCRAFT ENGINE MAINTENANCE CONTRACTNEW REPAIR SHOP IN CALGARYLUFTHANSA TECHNIK WILL BUILD A NEW ENGINE REPAIR FACILITY IN CALGARY SPECIFICALLY DEDICATED TO THE MAINTENANCE OF LEAP-1B ENGINESOPER...Reuters
Thu, Feb 13
Other
Ukrainians worry about Trump effort to end war with Russia, though some hope for the best
Ukrainians fearful of losses to Russia in any peace deal Trump call with Putin and Hegseth comments spark uneaseKyiv has fought Russia's invasion for nearly three yearsUkrainian officials warn against jumping to conclusionsAdds comment from lawmaker in paragraphs 17-19By Yurii Kovalenko and Dan ...Reuters
Thu, Feb 13
Cryptocurrencies
A bearish trade is looming for US equities, Goldman Sachs says
Goldman Sachs managing director Scott Rubner is warning that the US equities market may be heading for a bearish period. In a note released Wednesday, Rubner, a global markets and tactical specialist at the investment bank, said that while he had been optimistic about the market’s outlook for 2025, the signs of a negative shift […]Cryptopolitan
Thu, Feb 13
Stocks
Payments group Adyen's shares surge on full-year profit beat
Updates share moves, adds graphic, CFO comments in paragraphs 7-9, analyst comment in paragraph 15By Alessandro ParodiFeb 13 (Reuters) - Adyen's ADYEN.AS shares rose as much as 15% on Thursday after the Dutch payments company reported full-year core earnings above market expectations, and foreca...Reuters
Thu, Feb 13
Stocks
Honda Motor (HMC) Q3 2025 Earnings Call Transcript
Image source: The Motley Fool.Honda Motor (NYSE: HMC)Q3 2025 Earnings CallFeb 13, 2025, 1:35 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorThank you very much for spending your time to join us here today. We'd now like to begin Honda Motor Com...The Motley Fool
Thu, Feb 13
Other
Mass firings of federal workers begin as Trump and Musk purge U.S. government
Termination notices sent to workers at Education Department and Small Business AdministrationUS judge clears way for federal workers to take Trump buyoutTrump defends effort, saying government is too bigBy Tim Reid WASHINGTON, Feb 13 (Reuters) - Mass firings at multiple U.S. government agencies h...Reuters
Thu, Feb 13
