MEXICO CITY (Reuters) – Panamanian President Jose Raul Mulino said on social media on Thursday that he would speak to his U.S. counterpart Donald Trump at 3:30pm on Friday afternoon, amid an increasingly tense standoff over the Panama Canal. (Reporting by Diego Ore; Writing by Brendan O’Boyle)
By Nathan Gomes (Reuters) -Auto parts supplier BorgWarner forecast full-year 2025 revenue and profit below Wall Street estimates on Thursday, on expectations of lower automobile production and a strong U.S. dollar. Shares of the company fell about 1.7% in afternoon trade. The Western auto industry is grappling with uncertainty induced by U.S. President Donald Trump’s …
BorgWarner forecasts annual revenue, profit below estimates Read More »
By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) – U.S. refiner Delek has the option to run more light, sweet crude oil if it is economical to do so, CEO Avigal Soreq said on Thursday, amid tariff uncertainty threatening supplies of heavy sour grades from Canada and Mexico. U.S. President Donald Trump on Saturday announced …
US refiner Delek could run more light sweet oil if tariffs bite, CEO says Read More »
(Corrects paragraph 8 to show Alphabet’s statement on DEI appeared in the company’s 2024 annual report too) By Kenrick Cai (Reuters) – Alphabet’s Google is scrapping its goal to hire more employees from underrepresented groups and is reviewing some of its diversity, equity and inclusion (DEI) initiatives, joining a slew of U.S. businesses scaling back …
By Pritam Biswas and Laura Matthews (Reuters) -Intercontinental Exchange reported higher than expected fourth-quarter profit on Thursday, as the New York Stock Exchange parent benefited from strong trading volumes in the energy and options segments. Shares of the company, which also raised its quarterly dividend by 7%, were up 4.5% at $167.77 in early trading. …
NYSE-parent ICE posts profit rise on robust trading volumes, hikes dividend Read More »
By Utkarsh Shetti (Reuters) -Honeywell is splitting into three independently listed companies, breaking up one of America’s last standing conglomerates just months after activist investor Elliott Management took a $5 billion stake in the industrial giant. Honeywell shares fell nearly 4% after the company forecast downbeat 2025 results and some experts suggested gains from the …
Honeywell to break up in latest corporate split after pressure from activist investor Read More »
By Michael Erman and Patrick Wingrove (Reuters) – President Donald Trump is facing pressure from U.S. hospitals and generic drugmakers to exempt medical goods from his new tariffs on Chinese imports, as they join big pharma lobbyists who have said such trade barriers will cause shortages of medicines and higher prices in the United States. …
Trump faces pressure from US industry over China tariff on medicines Read More »
(Reuters) -Cigarette giant Philip Morris International on Thursday forecast better-than-expected profit growth for 2025, with estimations for its fast-growing nicotine pouch brand ZYN also ahead of forecasts, sending its shares up nearly 10%. The company’s smoking alternatives, such as ZYN, have enjoyed strong demand in recent years, in part because smokers have looked for alternative …
Philip Morris’ shares rise on optimistic 2025 outlook Read More »
(Reuters) – Credit ratings firm Equifax’s fourth-quarter revenue fell short of estimates, hurt by a weaker hiring market and slower-than-expected mortgage growth as interest rates remain elevated, sending shares down over 6.5% on Thursday. The Atlanta, Georgia-based company’s revenue rose 7%, powered by a 29% jump in U.S. mortgage revenue, but missed analysts’ estimate of …
Equifax reports Q4 revenue below estimates on slower hiring, shares fall Read More »
(Reuters) – Southern California Edison (SCE), a subsidiary of Edison International, said on Thursday that it was probing whether its equipment was associated with the ignition of two Los Angeles-area wildfires this year. In what is expected to be the most expensive natural disaster in U.S. history, several wildfires tore across Los Angeles starting on …
Southern California Edison probing possible link to Los Angeles fires Read More »
