(Reuters) -Blackstone CEO Stephen Schwarzman said on Thursday the asset manager is preparing some of its portfolio companies for initial public offerings over the next few quarters. (Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar)
(Reuters) -Asset and wealth manager Ameriprise Financial reported a 28% rise in its second-quarter profit on Thursday, as a late-quarter market rally boosted the value of its fee-generating assets to a record high. After a turbulent start to the quarter because of U.S. President Donald Trump’s shifting tariffs, the markets regained poise on hopes of …
Ameriprise Financial’s quarterly profit rises on higher fee income Read More »
(Reuters) -Accelerant and some of its existing shareholders raised $723.69 million in an initial public offering (IPO) in the U.S., the specialty insurance marketplace said on Wednesday. The company, together with backers including Todd Boehly’s Eldridge, Altamont Capital and Barings, sold 34.46 million shares at $21 each, after earlier targeting 28.9 million shares in a …
Insurance marketplace Accelerant, backers raise $724 million in US IPO Read More »
By Blake Brittain (Reuters) -A federal court in Marshall, Texas, said on Wednesday that U.S. telecom company Verizon Wireless must pay $175 million in damages for violating an inventor’s patent rights related to wireless communications technology. The jury’s decision in favor of Headwater Research comes just months after the firm secured a $278 million verdict …
Verizon owes $175 million in patent infringement case, Texas jury says Read More »
(Reuters) -Self-driving technology firm Mobileye Global raised its forecast for fiscal 2025 revenue on Thursday, anticipating a rise in orders for its autonomous driving chips as customers clear existing inventory. Shares of the company rose over 4% in premarket trading. Automakers have largely resumed placing orders for self-driving hardware after an inventory surplus — caused …
Mobileye raises annual revenue view on strong self-driving chip demand Read More »
(Reuters) -Union Pacific, the largest U.S. freight railroad operator, beat second-quarter profit estimates on Thursday, powered by higher revenue from coal shipments and improved pricing. Coal shipment volumes, a weak spot for U.S. railroad operators, have picked up after U.S. President Donald Trump signed executive orders aimed at boosting coal production. Union Pacific, seen as …
Union Pacific beats quarterly profit estimates on strong coal shipments Read More »
By Javi West Larrañaga (Reuters) -Steelmaker Acerinox, whose U.S. business is a big beneficiary of President Donald Trump’s tariffs, is looking into raising some prices in the market, though no notable changes are expected before late September, its management said on Thursday. “In the United States, we are trying to increase our prices, which is …
Acerinox, shielded by tariffs, eyes price hikes for US business Read More »
(Reuters) -U.S. defense contractor L3Harris Technologies raised its annual forecast and beat Wall Street expectations for second-quarter results on Thursday, driven by resilient demand amid rising geopolitical tensions. Shares of the company rose 2% in premarket trading. Demand for arms and military equipment has ballooned in the face of a protracted Russia-Ukraine war and tensions …
Defense contractor L3Harris raises 2025 outlook on steady demand Read More »
(Reuters) -Aircraft maker Textron beat second-quarter profit and revenue estimates on Thursday, helped by strong demand for aftermarket parts and services and growth in its Bell unit. “In the quarter, we saw revenue growth in both our commercial aircraft and helicopter businesses, as well as in Bell’s FLRAA program, now known as the MV-75,” said …
Aircraft maker Textron tops profit estimates on strong aftermarket service, Bell demand Read More »
(Reuters) -Keurig Dr Pepper reported second-quarter slightly revenue above Wall Street expectations on Thursday, driven by strong demand for its energy drinks and soft beverages, especially in the U.S. WHY IT IS IMPORTANT The Snapple maker enjoyed resilient demand for its higher-priced ready-to-drink beverages, including Yoo-Hoo and Crush, and through the popularity of its majority-owned …
Keurig Dr Pepper quarterly revenue beats expectations fueled by US demand Read More »
