(Reuters) – Lockheed Martin delivered a total of 110 F-35 fighter jets to the United States and its allies in 2024, the Bethesda, Maryland-based defense contractor said in a statement on Wednesday. The delivery total achieves the higher end of the range of 75 to 110 jet deliveries CEO Jim Taiclet gave in an earnings …
Lockheed Martin delivers 110 F-35 fighter jets in 2024 Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. China’s latest inflation figures are out on Thursday, and they could not be coming at a more fascinating – some might say alarming – time for global bond markets. Long-term yields around the world are shooting higher as investors bet that …
Morning bid: China inflation lands amid global bond turmoil Read More »
(Reuters) – U.S. asset management firm Vanguard Group increased its stake in independent power producer Talen Energy Corp to 10.4%, according to a filing on Wednesday. As Big Tech pours in billions of dollars into AI technology, the demand for electricity to feed power-hungry data centers has also grown. The main beneficiaries of this demand …
Vanguard Group boosts Talen Energy stake to 10.4% as AI demand grows Read More »
NEW YORK (Reuters) – Chocolate maker Hershey Co has requested permission from the Commodity Futures Trading Commission (CFTC) to buy an amount of cocoa from the stocks of ICE exchange that is much larger than the maximum allowed, a report said on Wednesday. According to a report from Bloomberg News, Hershey wants to receive as …
Hershey seeking CFTC approval to buy more ICE cocoa than allowed, says report Read More »
SAO PAULO (Reuters) – Brazilian airline Azul is expected to sign in the next few weeks a memorandum of understandings with rival carrier Gol’s parent Abra for a potential merger between Azul and Gol, newspaper Valor Economico reported on Wednesday. The memorandum would stress the intention to merge while establishing details pertaining to governance, capital …
Brazil’s Azul inching closer to merger with Gol, says local media Read More »
By Shankar Ramakrishnan and Matt Tracy (Reuters) – U.S. corporate debt markets continued to be peppered by new bond offerings on Wednesday as rising Treasury yields increased demand for debt and pushed companies to get their funding done now before any further increase in borrowing costs. The first seven days of the year has seen …
Rising Treasury yields prompt more US corporate bond issuance Read More »
By Andrew Chung WASHINGTON (Reuters) – While President-elect Donald Trump has asked the Supreme Court to block a looming U.S. ban on TikTok in a major case being argued on Friday that pits free speech rights against national security concerns over the Chinese-owned short-video app, many of his Republican allies have urged the opposite. These …
TikTok’s fate divides Trump and fellow Republicans as Supreme Court action looms Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Demands by U.S. activist investors can send a target company’s stock surging, and new data from investment bank Lazard show that these corporate nudges generate considerable market index-beating gains in the days after demands are announced. But the gains are not always long-lasting, according to a report by Lazard. …
US activists’ demands push up stock prices but maybe not for long, Lazard report says Read More »
By Pritam Biswas and Lananh Nguyen (Reuters) -Jefferies Financial’s profit more than tripled in the fourth quarter as the investment bank earned higher fees from advising on deals and underwriting activity remained strong, it reported on Wednesday. Ebullient markets, falling interest rates and prospects for lighter regulation under the incoming Trump administration have boosted corporate …
Jefferies’ profit jumps on investment banking windfall Read More »
By Milana Vinn and Anirban Sen NEW YORK (Reuters) – Private equity firm Warburg Pincus is weighing options, including a sale, for Modernizing Medicine (ModMed) that could value the medical software provider at more than $5 billion, including debt, according to people familiar with the matter. Boca Raton, Florida-based ModMed is working with a financial …
