(Reuters) -Analysts are evaluating the financial impact of the wildfires that have charred hillsides, homes and streets in Los Angeles County, with initial estimates from AccuWeather suggesting total economic losses could reach as high as $150 billion. Attention is now turning to the potential impact on the insurance industry’s first-quarter catastrophe losses, as well as …
By Tim Hepher, Joanna Plucinska and Conor Humphries DUBLIN (Reuters) -The world’s largest aircraft lessors forecast on Monday that manufacturing delays would drag on until the end of the decade at least, keeping prices high and limiting the entry of new players into an industry that controls half of the world’s jets. The world’s top …
Global air financiers see jet shortages dragging on as values soar Read More »
By Juveria Tabassum and Ananya Mariam Rajesh (Reuters) -Several apparel retailers including Lululemon, Abercrombie & Fitch and American Eagle received a holiday-quarter sales lift on resilient demand from cost-conscious shoppers but heavy discounting raised fears of a margin hit at some firms. Retailers like Amazon and Target discounted their wares both early and at steep …
Lululemon, American Eagle log strong sales in discount-heavy holiday season Read More »
By Jonathan Stempel NEW YORK (Reuters) – A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors about the attractiveness of mortgage-backed bonds the bank was selling. The settlement announced by the SEC on Monday includes a …
BMO unit to pay $40.7 million in US SEC settlement over misleading bond sales Read More »
(Reuters) – T-Mobile US said on Monday it has agreed to acquire Vistar Media, a real-time outdoor advertising technology provider, for about $600 million, in an all-cash deal. The deal would strengthen the telecom provider’s advertising business by giving a foothold in the digital out-of-home (DOOH) advertising market, as brands transition from static billboards to …
T-Mobile to acquire Vistar Media for $600 Million to bolster advertising business Read More »
(Reuters) -Eli Lilly said on Monday it plans to buy Scorpion Therapeutics’ experimental cancer therapy for up to $2.5 billion in cash to expand its pipeline of cancer treatments. The company will acquire Scorpion’s experimental oral therapy, STX-478, which is currently being tested in early-stage trials for breast cancer and other advanced solid tumors. The …
Eli Lilly to buy Scorpion Therapeutics’ cancer therapy for up to $2.5 billion Read More »
By Saeed Azhar NEW YORK (Reuters) – U.S. banks will probably report stronger earnings this week, fueled by robust dealmaking and trading in the fourth quarter. The six biggest U.S. lenders have benefited from a resurgence in investment banking in recent months. JPMorgan Chase, Wells Fargo, Citigroup and Goldman Sachs will kick off results on …
US bank profits likely boosted by higher deal fees, trading Read More »
By Sabrina Valle NEW YORK (Reuters) -Healthcare dealmakers gathering in San Francisco for the industry’s premier annual conference this week say they expect a resurgence of deals exceeding $10 billion due to the potential for less antitrust scrutiny under President-elect Donald Trump. About 8,000 executives, bankers and lawyers are due at the JPMorgan Healthcare Conference, …
Healthcare dealmakers eye M&A resurgence in second Trump term Read More »
By Jonathan Stempel (Reuters) -The U.S. Supreme Court declined on Monday to hear a bid by Meta Platforms to avoid a multi-billion dollar class action by advertisers that accused the Facebook and Instagram parent company of overcharging them by inflating the number of people their ads might reach. The justices turned away Meta’s appeal of …
US Supreme Court rebuffs Meta bid to avoid advertisers’ lawsuit Read More »
DUBLIN (Reuters) – Almost every aircraft being delivered by Boeing and Airbus is delayed, the head of aircraft leasing giant SMBC Aviation Capital said on Monday, later adding that enginemakers had made slight improvements in addressing their issues. The aviation industry has been hampered by ongoing supply chain challenges slowing down deliveries from plane manufacturers …
CEO of lessor SMBC Aviation says almost every aircraft being delayed Read More »
