Pooja Desai Journalist Profile

Articles

Elon Musk’s xAI startup just bought X for $45 billion

2 days ago | devicedaily.com | Seher Dareen |Pooja Desai |Sandra Maler

Elon Musk’s xAI startup just bought X for $45 billion Elon Musk said on Friday that his xAI has acquired X, the social media app formerly known as Twitter, in an all-stock transaction for $45 billion, including $12 billion in debt. “xAI and X’s futures are intertwined.
Kohl's fires new CEO for personal relationship with a vendor

2 weeks ago | today.westlaw.com | Juveria Tabassum |Anil D'Silva |Shounak Dasgupta |Pooja Desai

(Reuters) - Kohl's said on Thursday it had fired CEO Ashley Buchanan after an investigation found he had pushed for deals with a vendor with whom he had a personal relationship, after little more than 100 days in the CEO job.
Centene shares dip on higher Medicaid spending

2 weeks ago | today.westlaw.com | Sneha K |Amina Niasse |Sharon Singleton |Pooja Desai

(Reuters) - Centene beat quarterly profit estimates and raised its annual revenue forecast on Friday due to strong enrolment in Obamacare plans, but the insurer's shares fell about 8% in early trading due to high costs tied to its Medicaid plans.
General Dynamics Profit Rises on Sustained Defense Demand, Aerospace Recovery

3 weeks ago | gurutrade.com | Aatreyee Dasgupta |Mike Stone |Pooja Desai |Chizu Nomiyama

April 23 (Reuters) - General Dynamics reported a 27% rise in first-quarter profit on Wednesday, driven by recovery in its aerospace segment, as well as sustained strength in its defense business. Shares were up slightly in pre-market trading in New York The aerospace unit, which makes Gulfstream business jets, posted a 45% increase in revenue in the reported quarter, compared to the same quarter a year ago.
Huntington's Q1 Profit Rises as Fed Rate Cuts Temper Deposit Costs

3 weeks ago | gurutrade.com | Prakhar Srivastava |Pooja Desai

April 17 (Reuters) - Huntington Bancshares reported a rise in its first-quarter profit on Thursday, helped by higher interest income due to multiple rate cuts by the U.S. Federal Reserve at the end of last year that lowered deposit costs and helped loan growth. Shares of the bank rose 1.73% in trading before the bell.
Progressive's Quarterly Profit Jumps on Robust Auto Insurance Demand

4 weeks ago | gurutrade.com | Pritam Biswas |Arasu Kannagi Basil |Pooja Desai

April 16 (Reuters) - Insurer Progressive reported a 10% jump in first-quarter profit on Wednesday, helped by resilient demand for its auto insurance policies. Shares of the Mayfield Village, Ohio-based company rose 1.8% to $281 before the bell. Rising wages and low unemployment in the reported quarter helped sustain customer spending on auto insurance, one of Progressive's mainstay revenue streams. Its net premiums written jumped 17% to $22.21 billion in the quarter.
Progressive's quarterly profit jumps on robust auto insurance demand

4 weeks ago | today.westlaw.com | Pritam Biswas |Arasu Kannagi Basil |Pooja Desai

(Reuters) - Insurer Progressive reported a 10% jump in first-quarter profit on Wednesday, helped by resilient demand for its auto insurance policies. Shares of the Mayfield Village, Ohio-based company rose 1.8% to $281 before the bell.
India's Piramal Enterprises hit with nearly $172 million tax bill for pharma deal

2 months ago | today.westlaw.com | Shilpi Majumdar |Ananta Agarwal |Pooja Desai

(Reuters) - India's Piramal Enterprises said in an exchange filing on Friday that it had received a tax demand of 15.02 billion rupees (nearly $172 million) for the sale of its pharmaceutical business to Piramal Pharma in fiscal year 2021.
Flu vaccine panel meeting canceled, US FDA confirms

2 months ago | today.westlaw.com | Michael Erman |Mariam Sunny |Leslie Adler |Pooja Desai

(Reuters) -The U.S. Food and Drug Administration confirmed on Thursday that a meeting of its independent advisory panel to discuss the composition of this year's flu vaccine has been canceled and the regulator would instead make recommendations...
Kroger names PepsiCo executive David Kennerley as CFO

Feb 12, 2025 | today.westlaw.com | Savyata Mishra |Pooja Desai |Devika Syamnath

(Reuters) -Kroger said on Wednesday PepsiCo executive David Kennerley would succeed Todd Foley as the company's chief financial officer, effective April 3. Foley had taken over the role on an interim basis when former CFO Gary Millerchip stepped down...