The Allstate Corporation (ALL) on Thursday reported estimated catastrophe losses of $289 million in May, or $228 million after tax. The insurer said total catastrophe losses for April and May combined amounted to $1.160 billion, or $915 million after tax. Allstate's Protection business continued...
Shares of Space Exploration Technologies Corp. or SpaceX (SPCX) dropped for the first time since going public last Friday, ending the three days' rally. On Wednesday's trading, the shares closed 5 percent lower, and are currently down 1.2 percent further in the pre-market trading on Nasdaq, despite nearly...
Attacks against human right defenders have reached record levels over the past year, according to a new report issued on Wednesday by the UN human rights office, OHCHR. Preliminary data indicates that around 950 human rights defenders, journalists and trade unionists were killed or forcibly disappeared...
The United States and Iran have signed a preliminary agreement to end the Middle East war. Pakistan Prime Minister Shehbaz Sharif announced in a post on X Thursday that U.S. President Donald Trump and his Iranian counterpart Masoud Pezeshkian electronically signed the "Islamabad Memorandum of Understanding," and was endorsed by him as the mediator. The MoU will enter into force with immediate e
Professional services company Accenture plc (ACN) announced Thursday that it has entered into agreements to acquire a majority stake in Dragos and 100% of runZero and NetRise at a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments. The transactions...
The Kroger Co. (KR) said, for fiscal 2026 on an adjusted basis, the company continues to expect: Identical Sales without fuel to rise 1.0% - 2.0%; FIFO Operating Profit in a range of $5.0 - $5.2 billion; and EPS of $5.10 - $5.30. Kroger expects to continue to generate strong free cash flow and remains...
Pfizer Inc. (PFE) said on Thursday that Chief Financial Officer Dave Denton will leave the company on August 15 to purse an opportunity outside the pharmaceutical industry. The company said Cecile Guegan, who currently serves as senior vice president of finance for Pfizer's global biopharmaceutical...
While reporting financial results for the third quarter on Thursday, professional services company Accenture plc (ACN) raised its earnings and adjusted earnings guidance for the full-year 2026, while trimming revenue growth outlook. The company also provided revenue forecast for the fourth quarter. For...
L'Oréal (OR.PA, LOR.DE) has signed an agreement to acquire a majority stake in Innovist, a digital-first personal care company in India. The Innovist brands will be part of L'Oréal's Consumer Products Division portfolio. L'Oréal will start consolidating Innovist sales from the date of the closing of...
Statkraft AS (XS277979233.MU) announced Thursday the signing of two new power agreements with Alcoa Corp. (AA) to secure electricity supply for Alcoa's aluminium plant at Lista in southern Norway. The agreements cover deliveries of approximately 4.8 terawatt-hours of electricity during the 2028 to...
Australian Securities and Investments Commission or ASIC announced Thursday that a A$35 million penalty has been sought against the Australian unit of British lending major HSBC Holdings Plc ( HSBC, HSBA.L, 0005.HK) after it admitted to serious failures in protecting customers from scams. Following...
U.S. steelmaker Nucor Corp (NUE) forecasts second-quarter earnings better than the first quarter and a year earlier, helped by higher average selling prices and cost refunds in its steel mills segment. The company said in a statement that it expects diluted earnings of $4.70 to $4.80 per share for...
Hexaware Technologies (HEXT, HEXT.NS) announced on Wednesday that it plans to invest 25 million pounds to expand its operations in the UK. The expansion is expected to create about 1,200 jobs across Manchester, Leeds and Birmingham over the next three to five years. The company plans to expand...
Elavon, a subsidiary of US Bancorp (USB), said it is expanding its All-In-One payments platform across North America, offering businesses a unified solution that connects payments, software and operations across in-store, mobile and online channels. The expanded platform combines Elavon's payment...
Obayashi Corp. (OBYCF, 1802.T), a Japanese construction company, announced Thursday its agreement to acquire BCI UK Holdings Limited, the holding company that owns construction business operator Multiplex Global Ltd. The decision follows discussions regarding a strategic partnership with Multiplex,...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.