-
2 days ago | 
today.westlaw.com | Shinjini Ganguli |Tanay Dhumal |Pooja Desai |Shounak Dasgupta
-Sunnova Energy said on Thursday it would lay off about 55% of its workforce, or 718 employees, in a bid to rein in spending as the residential solar panel installer grapples with a massive debt pile and sluggish demand. The company, which is...
-
3 weeks 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.
-
3 weeks ago | 
gurutrade.com | Brijesh Patel |Louise Heavens |Pooja Desai
Dollar rises more than 1% against its rivals
US and China reach deal to slash tariffs, officials say
Silver down close to 2%
May 12 (Reuters) - Gold dropped 3% to a more than one-week low on Monday after the United States and China said they had agreed to a deal to cut reciprocal tariffs, sending the dollar higher and denting the safe-haven metal's appeal.
Spot gold was down 3.3% at $3,215.07 an ounce, as of 1022 GMT, its lowest since May 1. U.S. gold futures slipped 3.7% to $3,218.70.
-
1 month 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.
-
1 month 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.
-
1 month 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.
-
1 month 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.
-
1 month 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.
-
1 month 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.
-
Feb 28, 2025 | 
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.
