Category Archives:
Marsh McLennan beats Q2 profit estimates on interest income boost
(Reuters) - Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported a profit of $2.20 ...
Jul 20, 2023
Dutch SPAC in advanced talks to acquire electric vehicle group
LONDON (Reuters) - SPEAR Investments I, a special purpose acquisition company (SPAC), is in advanced discussions to acquire QEV Technologies, a Spanish electric vehicle firm, at a valuation of 209 mil...
Jul 20, 2023
Copper miner Freeport-McMoRan profit slides 60% in second quarter
(Reuters) - Miner Freeport-McMoRan Inc reported a 60% slump in second-quarter profit on Thursday, hurt by a drop in production and lower realized copper prices. It reported a net income of $343 millio...
Jul 20, 2023
Auto supplier Magna to invest $790 million to build three new facilities
(Reuters) - Canadian auto parts maker Magna International Inc said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co's BlueOv...
Jul 20, 2023
KeyCorp second-quarter profit halves on higher loan loss provisions
(Reuters) - KeyCorp reported on Thursday a bigger-than-expected 50% fall in quarterly profit, as it set aside more rainy day funds amid growing economic uncertainties. Shares of the company fell nearl...
Jul 20, 2023
Snap-on’s profit beats Street estimates on healthy aftermarket business
(Reuters) - Toolmaker Snap-on Inc beat Wall Street estimates for second-quarter profit on Thursday, powered by healthy demand for its repair tools and equipment from automotive and industrial customer...
Jul 20, 2023
Fifth Third Bancorp tops profit estimates on strong interest income
(Reuters) - Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. On an adjusted basis, the ...
Jul 20, 2023
Turkey raises rate by 250 bp to 17.5%, below expectations
By Ezgi Erkoyun and Ali Kucukgocmen ISTANBUL (Reuters) - Turkey's central bank hiked its policy rate by 250 basis points to 17.5% on Thursday, continuing to reverse President Tayyip Erdogan's low-rate...
Jul 20, 2023
A Peoria garbage truck catches fire. Here’s what we know
PEORIA, Ill. – A GFL Garbage collection truck is heavily damaged after it caught fire Wednesday afternoon. Peoria Firefighters say they were called to the fire near Richmond and Knoxville just p...
Jul 20, 2023
Abbott beats quarterly profit estimates on demand for medical devices
(Reuters) -Abbott Laboratories on Thursday reported second-quarter profit above expectations, due to recovery in surgical procedure volumes and demand for its diabetes care devices. Demand for medical...
Jul 20, 2023
Peoria, IL, USA
51 °F Thunderstorm In Vicinity, Mist
