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AIG beats on Q4 earnings as it estimates $500mn net wildfire loss that would attach reinsurance
By David BullFeb 11 - (The Insurer) - AIG reported fourth quarter adjusted after tax income per share of $1.30 that was up from $1.28 in the prior-year period and ahead of Wall Street forecasts of $1.24 a share, as the carrier disclosed it currently estimates a net loss of $500mn from the California...Reuters
Tue, Feb 11
Other
Market conditions still not ideal for Aeromexico IPO in New York, CEO says
Adds detail on joint venture with DeltaBy Kylie Madry MEXICO CITY, Feb 11 (Reuters) - Market conditions are currently not ideal for Mexican airline Aeromexico to list in New York, the firm's CEO said on Tuesday, after plans to go public were delayed last year.Aeromexico CEO Andres Conesa told...Reuters
Tue, Feb 11
Other
Edison utility faces shareholder lawsuit over LA wildfires
By Jonathan Stempel Feb 11 (Reuters) - The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage.Tuesday's proposed...Reuters
Tue, Feb 11
Economic Indicator
EXPLAINER-What is Trump doing - and not doing - to tackle the US debt?
By Andy Sullivan WASHINGTON, Feb XX - President Donald Trump has pursued a radical overhaul of the U.S. government since taking office on January 20, aiming to slash spending and dramatically downsize the 2.3 million strong civil service. He has deputized billionaire Elon Musk to head a "Depa...Reuters
Tue, Feb 11
Other
OpenAI's board has not received Musk's takeover bid, source says
Adds details on statement from Musk's lawyer, paragraphs 5-6OpenAI's Altman dismisses Musk's offer as a tactic to disruptAltman says OpenAI plans to reject offer to maintain mission focusMusk's lawyer says offer was sent to OpenAI outside counsel on MondayBy Krystal Hu, Manuel Ausloo...Reuters
Tue, Feb 11
Stocks
Toromont Industries Ltd reports results for the quarter ended December 31 - Earnings Summary
Toromont Industries Ltd TIH.TO reported quarterly adjusted earnings of C$1.90 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of C$1.87. The mean expectation of eight analysts for the quarter was for earnings of C$1.73 per share. ...Reuters
Tue, Feb 11
Other
FACTBOX-Elon Musk's US Department of Defense contracts
Feb 11 (Reuters) - Elon Musk's companies have a variety of contracts with the U.S. Department of Defense, highlighting the growing relationship between the tech entrepreneur's ventures and the U.S. military. The contracts include:SpaceX: Provides launch services to the DoD, including the lau...Reuters
Tue, Feb 11
Commodities
Few mourn the US penny as Trump moves to kill it
Trump directs U.S. Treasury to end penny productionPennies cost more to produce than their face valueEnding pennies could hurt lower-income groups, lobby group saysBy Jessica DiNapoli and Rich McKay Feb 11 (Reuters) - Nour Ismail, a cashier at the All-Star Deli & Grocery in Manhattan, says th...Reuters
Tue, Feb 11
Other
Trump nominee Gabbard heads toward confirmation as intelligence chief
Vote expected Wednesday morning, as snowstorm hit WashingtonRepublicans confident of confirmation, another victory for TrumpGabbard overcame doubts about slim experience, Syria visitUpdates with new time for vote, paragraph 4, Haines in paragraph 15By Patricia Zengerle WASHINGTON, Feb 11 (Reuters...Reuters
Tue, Feb 11
Stocks
First Quantum Minerals Ltd reports results for the quarter ended December 31 - Earnings Summary
First Quantum Minerals Ltd FM.TO reported quarterly adjusted earnings of 4 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -37 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 3 cents pe...Reuters
Tue, Feb 11
Stocks
America Movil SAB de CV reports results for the quarter ended December 31 - Earnings Summary
America Movil SAB de CV AMX.N reported quarterly adjusted earnings of 15 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of five analysts for the quarter was for earnings of 37 cents per shar...Reuters
Tue, Feb 11
Economic Indicator
RPT-COLUMN-Trump tariffs a 'lose-lose' for emerging Asia: McGeever
Repeats with no change to textBy Jamie McGeeverORLANDO, Florida, Feb 11 (Reuters) - U.S. President Donald Trump loves tariffs and big numbers, so it's no surprise that the first targets in his trade war have been economies that boast the biggest trade surpluses with the United States in dollar t...Reuters
Tue, Feb 11
Stocks
Super Micro to file delayed annual report by February deadline, shares rise
Updates shares, adds CFO comments in paragraph 4, third-quarter figures in paragraph 9 Feb 11 (Reuters) - Super Micro Computer SMCI.O said on Tuesday it believes it will be able to file delayed annual and quarterly reports with the U.S. Securities and Exchange Commission (SEC) by February 25, sen...Reuters
Tue, Feb 11
Other
New York health department confirms first case of new mpox strain
Adds background throughoutFeb 11 (Reuters) - The New York State Department of Health on Tuesday confirmed its first case of the new mpox strain, adding to the global concerns over the spread of the little-known variant.According to the U.S. Centers for Disease Control and Prevention, there were thre...Reuters
Tue, Feb 11
Commodities
US Cash Crude-Grades rise as North Dakota production slips, fuel stocks fall
Feb 11 (Reuters) - Grades rose on Tuesday, dealers said, after oil output slipped in the third largest oil producing state in the country due to cold weather.North Dakota oil output fell by an estimated 60,000-90,000 barrels per day on Tuesday due to frigid temperatures and related operational chall...Reuters
Tue, Feb 11
Commodities
PM Modi, US VP Vance discuss 'diversifying' India's energy sourcing
Modi, Vance met in ParisModi will visit U.S. later this weekTrump and Modi held a call after Trump took officeAdds context in paragraphs 2-3, quotes in paragraphs 4-5, background on Indian budget and recent ties in paragraphs 9-13By Kanishka Singh WASHINGTON, Feb 11 (Reuters) - U.S. Vice Presiden...Reuters
Tue, Feb 11
Commodities
US 25% steel tariffs would stack on other levies on Canada, The Canadian Press reports
WASHINGTON, Feb 11 (Reuters) - U.S. President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff, The Canadian Press reported on Tuesday, citing a White House official.Trump had previously impos...Reuters
Tue, Feb 11
Other
Australia open to acquiring collapsed regional airline Rex
By Alasdair Pal SYDNEY, Feb 12 (Reuters) - The Australian government said on Wednesday it was open to acquiring collapsed airline Regional Express Holdings REX.AX to ensure its regional services continue, in what would be the first state ownership of a carrier in the country in three decades.Rex ...Reuters
Tue, Feb 11
Other
Novelist Salman Rushdie faces his accused stabber in New York courtroom
Corrects in paragraph 10 to day Matar is charged with attempted murder, not murderRushdie shows jury his injured eye Rushdie also pointed out scars on his neck, left handAlleged attacker faces a maximum sentence of 25 years in prisonBy Jonathan Allen MAYVILLE, New York, Feb 11 (Reuters) - Salman ...Reuters
Tue, Feb 11
