(Reuters) – U.S. steelmaker Nucor forecast fourth-quarter profit below Wall Street estimates on Monday, citing a slump in earnings in their steel mills segment caused by decreased volumes and lower average selling prices. The company expects fourth-quarter earnings to be in a range of $0.55 to $0.65 per diluted share, lower than analysts’ estimates of …
Nucor forecasts lower-than-expected fourth-quarter profit Read More »
By Medha Singh (Reuters) -MicroStrategy shares briefly surged on Monday before faltering to end nearly unchanged, after the software company and bitcoin stockpiler was selected to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock. The $25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to …
Bitcoin buyer MicroStrategy ends flat after getting Nasdaq 100 nod Read More »
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Monday that it had settled charges with Becton Dickinson and Co. (BD) over allegations it misled investors about risks associated with its Alaris infusion pump. The SEC said Becton Dickinson agreed to pay a $175 million civil penalty to settle the charges, which also …
Becton Dickinson settles charges over infusion pump risks, SEC says Read More »
(Reuters) – Shares of health insurers operating pharmacy benefit managers fell on Monday after U.S. President-elect Donald Trump called them middlemen who drive up costs and said he plans to eliminate their role. CVS Health’s Caremark, Cigna’s Express Scripts and UnitedHealth Group’s Optum control the majority of the U.S. pharmacy benefit market, with their parent …
Insurer stocks fall after Trump says ‘we’re going to knock out the middleman’ Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department said Monday it will require rear seat reminder systems to boost seat belt use starting in late 2027 in all new cars and trucks in an bid to reduce traffic crash deaths and injuries that have been rising in recent years. The National Highway Traffic Safety …
US to require rear seat belt reminders in vehicles in 2027 Read More »
By Marianna Parraga HOUSTON (Reuters) – A U.S. judge overseeing an auction of shares in the parent of Venezuela-owned Citgo Petroleum on Monday agreed to reopen a data room to allow potential buyers to prepare new bids, a court document showed. Judge Leonard Stark ordered the data room to be opened on Wednesday after listening …
US judge issues order to reopen Citgo data room, restart bidding Read More »
MEXICO CITY (Reuters) -Mexico’s antitrust watchdog Cofece said on Monday it could fine Walmart’s local unit, Walmex, up to 8% of its income if it does not comply with a resolution prohibiting the retailer from engaging in certain conduct deemed illegal. Cofece’s statement offered more details on a ruling that Walmex reported on Friday, in …
(Reuters) – Meta Platforms said on Monday it has updated the Ray-Ban Meta smart glasses with AI video capability and real-time language translation functionality. The Facebook parent, which first announced the features during its annual Connect conference in September, said the update is available for members that are part of its “Early Access Program”. The …
Meta adds live translation, AI video to Ray-Ban smart glasses Read More »
By Timour Azhari DAMASCUS (Reuters) – The vault of Syria’s central bank holds nearly 26 tons of gold, the same amount it had at the start of its bloody civil war in 2011, even after the chaotic fall of Bashar al-Assad’s despotic regime, four people familiar with the situation told Reuters. But the country has …
Exclusive-Syria retains 26 tons of gold reserves after Assad’s fall – sources Read More »
WASHINGTON (Reuters) – U.S. manufacturers are optimistic that the sector will emerge from a prolonged recession next year, though capital expenditure growth was likely to fall short of 2024’s pace. The Institute for Supply Management (ISM) survey published on Monday also found purchasing and supply executives at factories predicted higher employment levels in 2025. The …
US manufacturers predict growth in 2025 after prolonged slump Read More »
