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(Reuters) – U.S. railroad operator Norfolk Southern on Wednesday posted a quarterly profit that beat analysts’ estimates, helped by cost cuts implemented to improve margins and better-than-expected insurance recoveries related to a costly derailment. Shares of the company were up 4% in early morning trading. Norfolk had taken a hit of about $1.4 billion in …

Norfolk Southern beats profit estimates helped by cost cuts, insurance recovery Read More »

By Pritam Biswas and Laura Matthews (Reuters) – Nasdaq reported higher fourth-quarter profit on Wednesday, helped by increased demand for the exchange operator’s financial technology products, which still fell short of some analysts’ expectations. The company has been expanding outside its market-sensitive core activities of trading and listing to products that help financial institutions navigate …

Nasdaq’s fourth-quarter profit rides on lower-than-expected fintech performance Read More »

By Diego Oré MEXICO CITY (Reuters) -Mexico President Claudia Sheinbaum said on Wednesday she does not believe the United States will impose tariffs on Saturday as President Donald Trump has pledged, but said her administration has its own response plan in place if needed. The statement comes after the White House doubled down on possible …

Mexico’s Sheinbaum on tariffs: ‘We don’t think it’s going to happen’ Read More »

By Ted Hesson WASHINGTON (Reuters) -U.S. Homeland Security Secretary Kristi Noem cut the duration of deportation protections for 600,000 Venezuelans in the U.S. as the Trump administration searches for ways to ramp up removals of Venezuelan nationals, she said on Wednesday. Noem told Fox News that she rescinded the previous administration’s move to grant Venezuelans in …

Trump opens door to earlier deportation of many Venezuelans from U.S Read More »

By Isla Binnie NEW YORK (Reuters) – Chief executives of global companies left their jobs in record numbers last year, pushed by intense scrutiny from investors and pressure to keep up with change, according to leadership advisory firm Russell Reynolds Associates. Some 202 CEOs left their posts in 2024, surpassing the six-year average of 186 …

Global CEO departures hit record high in 2024 amid investor pressure Read More »

(Reuters) -Rwandan-backed M23 rebels have seized control of Democratic Republic of Congo’s eastern provincial capital of Goma. The government of Congo, the UN and other powers have accused Rwanda of backing the rebels. Rwanda has denied the accusations. Despite the denials, Rwanda has also said that it was taking action against perpetrators of the 1994 …

Factbox-What happened in Rwanda’s 1994 genocide? Read More »