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Stocks
BUZZ-HanesBrands falls on quarterly sales miss, weak annual forecasts
Updates** Apparel maker HanesBrands' HBI.N shares fall as much as 24.25% to $5.7, on track for worst day since February 2023, if losses hold ** Co posts fourth-quarter net sales of $888.4 million, missing analysts' expectations of $950.3 million, according to data compiled by LSEG** Forecast...Reuters
Thu, Feb 13
Other
Bezos' Blue Origin to layoff about 10% across its space, launch business
Adds details from meeting and background throughoutBy Joey Roulette WASHINGTON, Feb 13 (Reuters) - The CEO of Jeff Bezos' Blue Origin announced in an all-hands call on Thursday company-wide layoffs of "about 10 percent" of its employees, a sweeping readjustment as it aims to cut costs...Reuters
Thu, Feb 13
Stocks
Hyatt Hotels Misses EPS Expectations
Global hospitality company Hyatt Hotels (NYSE:H) reported fourth-quarter earnings on Thursday, Feb. 13, that missed analysts' consensus expectations. Adjusted earnings per share (EPS) of $0.42 fell short of the expected $0.76 while Q4 revenue of $1.6 billion came in below the anticipated $1.66 billi...The Motley Fool
Thu, Feb 13
Stocks
BUZZ-Zoetis falls as 2025 profit, revenue forecast miss estimates
Updates** Shares of animal healthcare company Zoetis ZTS.N fall 10.06% to $156.39; the biggest percentage drop in over two years** Company forecasts 2025 adj. profit per share to be between $6.00 and $6.10, below analysts' estimates of $6.29 per share, according to data compiled by LSEG** Zoetis...Reuters
Thu, Feb 13
Other
Hiscox adds AIG’s Furth as US head of claims
By Mia MacGregorFeb 13 - (The Insurer) - Hiscox has appointed former AIG executive Alexandra Furth as head of claims in the US, effective 10 March.Furth brings more than two decades of claims and legal leadership experience to the role. She most recently served as AIG’s head of casualty claims. Prio...Reuters
Thu, Feb 13
Commodities
ARA gasoline stocks drop 10%, Insights Global data shows
LONDON, Feb 13 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by nearly 10% on the week, their first decline in seven weeks, data from Dutch consultancy Insights Global showed.Gasoline stocks stood at 1.53 million metric tons, fa...Reuters
Thu, Feb 13
Commodities
BRIEF-Williams Exec Says Says See Lot of Potential for Expansion of Storage Projects - Conf Call
Feb 13 (Reuters) - Williams Companies WMB.N:COMPANY EXEC SAYS SEE LOT OF POTENTIAL FOR EXPANSION OF STORAGE PROJECTS - CONF CALLCOMPANY EXEC SAYS POWER GENERATION EQUIPMENT LIKELY TO BE A CONSTRAINT ON MARKET - CONF CALLCOMPANY EXEC SAYS GRID AND STATE POLITICS ARE CRITICAL AT TRYING TO KEEP UP WITH...Reuters
Thu, Feb 13
Other
ACIC promotes Martz to president and CEO, replacing Peed
By Isha MaratheFeb 13 - (The Insurer) - Florida carrier American Coastal Insurance Corporation (ACIC) has promoted Bradford Martz, its president, to CEO and president, effective Tuesday.Martz joined ACIC in July 2020 as president, and served as chief financial officer starting 2023. He has 28 years...Reuters
Thu, Feb 13
Stocks
BUZZ-U.S. STOCKS ON THE MOVE-Blacksky, Wendy's, Moody's
Eikon search string for individual stock moves: The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes moved higher on Thursday as investors parsed the latest producer prices data, while the prospect of Russia-Ukra...Reuters
Thu, Feb 13
Other
CAC’s Media Guarantors adds Sutherland as SVP
By Mia MacGregorFeb 13 - (The Insurer) - Media Guarantors, a CAC Group company serving the television and film industries, has appointed Angus Sutherland as senior vice president of business development and client relationships.Sutherland brings over two decades of experience in the entertainment in...Reuters
Thu, Feb 13
Stocks
Zoetis Earnings Top Analysts' Forecasts
Zoetis (NYSE:ZTS), the leader in animal health solutions, released its fourth quarter results for 2024 on Feb. 13. The company reported an adjusted earnings per share (EPS) of $1.40, which exceeded the consensus estimate of $1.36. This beat signifies a 12.9% increase from the fourth quarter of 2023....The Motley Fool
Thu, Feb 13
Other
Miller’s Hobbs: Cyber market “a long way off from pricing adequacy”
By Michael LoneyFeb 13 - (The Insurer) - Cyber pricing is not adequate as a result of new entrants and issues around how the market reserves, Miller’s Debbie Hobbs said on Tuesday during a panel at the NetDiligence Cyber Risk Summit in Miami Beach.During a state of the markets panel called “Addressi...Reuters
Thu, Feb 13
Forex
BUZZ-COMMENT-EUR/USD investors are saying give peace a chance
Feb 13 (Reuters) - EUR/USD struck a 6-session high and traded above the daily cloud base and 55-day moving average, helped by favorable interpretations of strong U.S. PPI data and allowing euro bulls to lean on Russia-Ukraine peace hopes.U.S. January headline PPI came in above estimates but after a ...Reuters
Thu, Feb 13
Stocks
BUZZ-Hyatt Hotels shares fall after underwhelming Q4 results
** Shares of Hyatt Hotels H.N drop ~10% to $146.34 on Thurs after the hotel chain's quarterly results fell below analyst estimates** H shares are on track for biggest daily pct loss since Mar 2020 as well as lowest close since Nov last year** Co reported on Thurs that rev fell 3.5% to $1.6 bln, ...Reuters
Thu, Feb 13
Other
Lockton launches Yoder-led digital office
By Isha MaratheFeb 13 - (The Insurer) - Lockton has launched a digital office meant to centre the use of data analytics at the broker, with the unit led by Claude Yoder, who was named chief data, analytics, and digital officer.Yoder has served as Lockton Re's global analytics leader since 2019 ...Reuters
Thu, Feb 13
Stocks
South African rand stable as markets await Trump's new tariffs
Updates prices as of 1532 GMT JOHANNESBURG, Feb 13 (Reuters) - South Africa's rand was stable in volatile trade on Thursday, as financial markets awaited "reciprocal tariffs" that U.S. President Donald Trump said he planned to unveil later in the day. At 1532 GMT, the rand ZA...Reuters
Thu, Feb 13
Cryptocurrencies
Global economic consequences of the Ukraine-Russia peace
The prospect of a peace deal between Russia and Ukraine seems more likely than ever; President Donald Trump on Wednesday revealed that after discussions with Russian President Vladimir Putin, both countries would “start negotiations immediately” to end the ongoing conflict. A Financial Times insight, citing Goldman Sachs’ research on the effects of the “peace talks,” […]Cryptopolitan
Thu, Feb 13
Other
NATO's Rutte says that Ukraine was never promised NATO membership
BRUSSELS, Feb 13 (Reuters) - Leaders had never promised to Ukraine that it would become a NATO member if it forged a peace deal with Russia, the chief of the Western military alliance, Mark Rutte, told reporters on Thursday."We have to make sure that Vladimir Putin never ever tries again to atta...Reuters
Thu, Feb 13
Commodities
La Nina fading and neutral conditions to emerge starting March, U.S. forecaster says
Added comments and context Feb 13 (Reuters) - La Nina conditions are present and are expected to persist in the near-term, with a 66% chance of transition to ENSO-neutral conditions during March-May 2025, a U.S. government forecaster said on Thursday.WHY IT'S IMPORTANT La Nina is a phenomenon...Reuters
Thu, Feb 13
