By Seher Dareen (Reuters) -Canada’s Barrick Gold announced a new $1 billion share buyback program as higher gold prices helped the company beat analysts’ estimates for fourth-quarter profit on Wednesday. Shares of the company rose 6.6%, their highest since early November, as the gold miner also more than doubled its free cash flow in the …
Barrick Gold beats profit estimates, announces new share buyback Read More »
By Timothy Aeppel (Reuters) – Austin Ramirez until recently planned to build a new factory in Mexico as part of his Wisconsin-based company’s strategy to expand global production and shift away from China. “Mexico made a ton of sense six months ago,” said the CEO of Husco, a producer of hydraulic components used in automotive and …
US manufacturers face growing headwinds from trade tensions Read More »
By Niket Nishant and Suzanne McGee (Reuters) -The New York Stock Exchange announced on Wednesday it will launch an exchange in Texas, increasing competition among listing venues in the state. Several high-profile firms, including Elon Musk’s Tesla and SpaceX, have relocated their headquarters to Texas, attracted by the state’s perceived favorable legal and regulatory environment. …
NYSE to launch in Texas, escalating listing venue competition Read More »
(Reuters) -Major U.S. electric utility Exelon increased its four-year capital investment plan by 10% to $38 billion, with the bulk of the spending aimed at bolstering and building new transmission lines, executives said on an earnings call on Wednesday. Many U.S. power companies have revised up capex plans over the past year as the proliferation …
Exelon boosts capex plan by $3.5 billion, mostly to bolster power lines Read More »
OTTAWA (Reuters) – If the United States imposes tariffs on imports of Canadian steel and aluminum, some Americans will lose their jobs and U.S. growth will suffer, Prime Minister Justin Trudeau said on Wednesday. Trudeau, speaking to reporters in Brussels, also reiterated that Canada would respond with countermeasures if need be. U.S. President Donald Trump …
US will suffer job losses through tariffs on Canadian steel and aluminum, says Trudeau Read More »
(Reuters) -Dominion Energy raised its five-year capital expenditure plan on Wednesday as electricity demand from data centers in its Virginia market continues to accelerate. The Richmond, Virginia-based utility expects to spend $50.1 billion from 2025 to 2029, up from its previous estimate of $43.2 billion. “What’s undeniable is that data center growth in Virginia is …
Dominion Energy’s data center growth continues to accelerate Read More »
By Christoph Steitz, Alban Kacher and Helen Reid FRANKFURT/GDANSK/LONDON (Reuters) – Supermarket group Ahold Delhaize and Siemens Energy said on Wednesday U.S. import tariffs will lead to higher prices as they pass on the costs, while speciality steelmaker voestalpine urged Brussels to retaliate for duties threatened by Donald Trump. Executives around the world are scrambling …
Companies warn of more pain as Trump tariff threats escalate Read More »
(Reuters) – California Insurance Commissioner Ricardo Lara has requested $1 billion in additional funds from the commission’s member insurers to shore up the state-backed FAIR Plan after wildfires ravaged swathes of land in and around Los Angeles last month. Lara also directed those responsible for implementing the FAIR Plan – an insurance program designed to …
California seeks $1 billion from insurers to shore up FAIR Plan after LA fires Read More »
By Amina Niasse and Sriparna Roy (Reuters) – CVS Health beat Wall Street estimates for fourth-quarter profit on Wednesday and provided an annual forecast that largely met expectations, hinting at an improvement in performance in its first full quarter under new CEO David Joyner. The results eased investor fears and sent shares up more than …
CVS Health tops profit estimates as new CEO pursues turnaround; shares surge Read More »
By Juveria Tabassum and Waylon Cunningham (Reuters) -Restaurant Brands beat fourth-quarter profit and sales estimates on Wednesday, as promotions boosted performance at Burger King while Tim Hortons benefited from steady demand for its Double Double and Iced Capp coffee. Burger King’s attractive offers on its popular Whopper burgers and value meals helped it report a …
Burger King parent beats fourth-quarter estimates on strong demand Read More »
