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CinFin improves CR 2.8 pts to 84.7% in Q4 as NPW grows 17% to $2.24bn
By Michael LoneyFeb 10 - Cincinnati Financial Corporation has reported a comfortable earnings beat for the fourth quarter, with results that included a 2.8 point improvement in combined ratio to 84.7 percent despite higher catastrophe losses. $3.14 Q4 operating EPS beats $1.90 consensus, up from $2....Reuters
Mon, Feb 10
Other
Witnesses describe wordless knife attack on Salman Rushdie, 'The Satanic Verses' author
Jurors hear how fast attack on Rushdie unfoldedHadi Matar has pleaded not guilty to second-degree attempted murder and assaultMatar could face up to 25 years in prisonAdds trial adjourning for day, paragraph 4, details about first witnesses' testimony in paragraphs 19-20By Jonathan Allen MAYV...Reuters
Mon, Feb 10
Commodities
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows
Feb 10 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Monday:* WCS for March delivery in Hardisty, Alberta, settled at $13.20 a barrel under WTI, according to brokerage CalRock, having ended a...Reuters
Mon, Feb 10
Other
Southwest Airlines names Tom Doxey as CFO
Adds details from release in paragraphs 2 and 3, background in paragraph 4 Feb 10 (Reuters) - Southwest Airlines LUV.N said on Monday it had named Tom Doxey as its chief financial officer.The Dallas-based carrier added that the appointment would take effect from March 10. Doxey, an industry ve...Reuters
Mon, Feb 10
Other
Cincinnati Financial's profit jumps on strong underwriting business, investment income
Feb 10 (Reuters) - Insurance firm Cincinnati Financial CINF.O reported nearly a 38% increase in its fourth-quarter profit on Monday, helped by gains in its underwriting business and higher investment income.The Fairfield, Ohio-based company offers a range of insurance products, including property an...Reuters
Mon, Feb 10
Stocks
Archer Aviation Skyrocketed Today -- Is the eVTOL Stock a Buy?
Archer Aviation (NYSE: ACHR) stock soared in Monday's trading. The company's share price ended the daily session up 13.1% amid the backdrop of a 0.7% gain for the S&P 500 (SNPINDEX: ^GSPC) and a 1% gain for the Nasdaq Composite (NASDAQINDEX: ^IXIC).In addition to the bullish backdrop for the broader...The Motley Fool
Mon, Feb 10
Other
Steve Bannon's lawyers, prosecutors have discussed potential plea in border wall case, source says
Recasts with plea discussions, adds context in paragraphs 7-10By Luc Cohen NEW YORK, Feb 10 (Reuters) - Former Donald Trump adviser Steve Bannon's lawyers and New York state prosecutors have discussed a potential plea deal to resolve charges over a push to fund the U.S. president's wall a...Reuters
Mon, Feb 10
Other
REFILE-Olympics-Trump order on transgender athletes clashes with international norms
In story dated Feb 7, removes DSD reference from paragraph 10 to clarify there has been no official ruling that the women boxers have DSDBy Karolos Grohmann BERLIN, Feb 7 (Reuters) - The decision by President Donald Trump to exclude transgender girls and women from female sports has triggered wha...Reuters
Mon, Feb 10
Other
Refugee backers challenge Trump suspension of US resettlement program
By Ted Hesson WASHINGTON, Feb 10 (Reuters) - A coalition of U.S. refugee backers filed a lawsuit on Monday that challenges President Donald Trump's indefinite suspension of the U.S. resettlement program, saying refugees and their families face irreparable harm if it is allowed to remain in ef...Reuters
Mon, Feb 10
Other
US consumer watchdog cases in limbo following agency's idling
CFPB lawsuits against major banks face uncertainty after leadership changeCritics argue CFPB's power and accountability issues since 2010Senator Warren protests recent CFPB actionsBy Mike Spector and Douglas GillisonNEW YORK/WASHINGTON, Feb 10 (Reuters) - The Trump administration's idling of...Reuters
Mon, Feb 10
Other
US jury rules for Danish tax authority in fraud case
NEW YORK, Feb 10 (Reuters) - A Manhattan federal jury on Monday ruled in favor of Denmark's tax authority, in the first U.S. civil trial concerning the country's effort to recoup about $2.1 billion of tax refunds it claims were obtained through fraud, court records show.Jurors sided with SKA...Reuters
Mon, Feb 10
Commodities
Trump to consider exemption for Australia on steel tariffs, PM says
SYDNEY, Feb 11 (Reuters) - U.S. President Donald Trump has agreed to consider an exemption for Australia over steel and aluminium tariffs, Prime Minister Anthony Albanese said on Tuesday."It was a very constructive and warm discussion .. with President Trump," Albanese said during a media co...Reuters
Mon, Feb 10
Stocks
Why Illumina Stock Got Mashed on Monday
On Monday, for the second time in as many business days, Illumina (NASDAQ: ILMN) stock took it on the chin because of an analyst recommendation downgrade. The biotech's shares closed the day almost 6% lower, during a session when the S&P 500 (SNPINDEX: ^GSPC) landed in the black with a 0.7% increase...The Motley Fool
Mon, Feb 10
Stocks
Coty Inc reports results for the quarter ended December 31 - Earnings Summary
Coty Inc COTY.N reported quarterly adjusted earnings of 11 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 21 cents per share. Wall St...Reuters
Mon, Feb 10
Cryptocurrencies
Artists seek to stop Christie’s from auctioning AI art because it’s “theft”
Thousands of artists have come together to demand that the renowned auction house Christie’s cancel its upcoming sale of AI-generated artwork, arguing that AI technology is being used to commit “mass theft” of human creativity. The controversy has intensified as concerns grow over AI models trained on copyrighted works without artists’ consent. This is not […]Cryptopolitan
Mon, Feb 10
Cryptocurrencies
Binance executive, Tigran Gambaryan goes public about his 8-month detention in Nigeria
In an interview with Wired’s Andy Greenberg, Tigran Gambaryan detailed his protracted legal issue in the hands of the Nigerian government. The executive’s ordeal began on March 23, 2024, in Abuja, Nigeria, where he and his colleague at the cryptocurrency firm Binance, Nadeem Anjarwalla, were being held hostage in a Nigerian government-owned compound without access […]Cryptopolitan
Mon, Feb 10
Other
FAA reinstates 'Notice to Airmen' pilot message name, reversing Biden decision
Adds detail on FAA name change of Gulf of America, Denali in paragraph 4By David Shepardson WASHINGTON, Feb 10 (Reuters) - The Federal Aviation Administration said on Monday it is reversing a four-year-old decision to rename safety messages to pilots and reinstating the prior "Notice to Airme...Reuters
Mon, Feb 10
Other
Service Corporation International expected to post earnings of $1.05 a share - Earnings Preview
Service Corporation International SCI.N, SCI is expected to show a rise in quarterly revenue when it reports results on February 12 for the period ending December 31 2024The Houston Texas-based company is expected to report a 2.7% increase in revenue to $1.084 billion from $1.06 billion a year ago...Reuters
Mon, Feb 10
Stocks
Why PowerFleet Shares Rocketed 31% Today
Shares of small-cap Internet of Things tech company PowerFleet (NASDAQ: AIOT) rallied big on Monday, up as much as 38.8% in the day's trading before ending the day with a 31.1% gain.As its stock ticker indicates, PowerFleet sells a combined hardware and software platform that melds artificial intell...The Motley Fool
Mon, Feb 10
