Business

Germany and France initiate nuclear cooperation as Europe seeks greater security independence

Friday, July 17 by SRN News

COLOGNE, Germany (AP) - The leaders of Germany and France announced on Friday that the German military would participate in a nuclear exercise under a French initiative to deepen European nuclear cooperation. The move by both countries to deepen nuclear cooperation underscores growing European defense... Read More.

Walmart names Kinnard to replace departing US COO Shanahan, memo shows

Friday, July 17 by SRN News

July 17 (Reuters) - Kieran Shanahan, chief operating officer of Walmart's U.S. operations, is leaving the retailer and will be replaced by the company's international division COO, Kyle Kinnard, an internal memo showed on Friday, amid a major management rejig under CEO John Furner. Here... Read More.

China tells automakers to boost safety, quality checks

Friday, July 17 by SRN News

(Adds topic codes, no changes to text) BEIJING, July 17 (Reuters) - China's industry ministry on Friday called on automakers to resist "irrational competition" and ensure the safety of cars, car parts and assisted and autonomous driving systems, a statement from the ministry showed. • Automakers... Read More.

Exclusive-Latvia in talks with strategic investor for ailing airBaltic, PM says

Friday, July 17 by SRN News

By Andrius Sytas RIGA, July 17 (Reuters) - The Latvian government is negotiating with a strategic investor for struggling state-controlled airBaltic, Prime Minister Andris Kulbergs told Reuters, as the carrier seeks to shore up its finances and avert the risk of a default. The comments come... Read More.

Travelers sails past profit estimates on lower catastrophe losses

Friday, July 17 by SRN News

By Utkarsh Shetti July 17 (Reuters) - Property and casualty insurance giant Travelers swept past Wall Street estimates for second-quarter profit on Friday, boosted by lower catastrophe losses and robust investment income, sending its shares up 8.5%. Demand for insurance has remained resilient despite broader... Read More.

Fifth Third reports rise in quarterly profit on higher interest income

Friday, July 17 by SRN News

(Corrects to fix dateline, no change to text) July 17 (Reuters) - Fifth Third Bancorp reported a rise in second-quarter profit on Friday, helped by higher net interest income and fee growth in capital markets and wealth management businesses. Regional lenders have benefited from stabilizing... Read More.

US regional banks brush off war jitters with lending surge, fee boost

Friday, July 17 by SRN News

By Pritam Biswas and Arasu Kannagi Basil July 17 (Reuters) - U.S. regional banks including U.S. Bancorp and PNC Financial relied on a lending rebound and strong fee income to deliver broad second-quarter gains, alleviating concerns that the Middle East war would weigh on loan... Read More.

FAA chief vows fast time-table to reform US air traffic control systems

Friday, July 17 by SRN News

WASHINGTON, July 17 (Reuters) - The head of the Federal Aviation Administration says the agency needs another $10 billion from Congress to reform the antiquated U.S. air traffic control system as policymakers prepare for traffic to double in the next two decades. FAA Administrator Bryan... Read More.

BofA names senior executives to drive AI adoption in global markets-memo

Friday, July 17 by SRN News

NEW YORK, July 17 (Reuters) - Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters on Friday. The bank named Kevin Milsom as head of platforms AI transformation,... Read More.

S&P 500 and Nasdaq slip as chip rout extends; Netflix slides

Friday, July 17 by SRN News

By Ragini Mathur and Avinash P July 17 (Reuters) - The S&P 500 and the Nasdaq slipped on Friday, as investors reassessed this year's AI-fueled rally, deepening a selloff in chip stocks, while news of a new AI model from China further soured sentiment. After... Read More.

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Current Weather

Germany and France initiate nuclear cooperation as Europe seeks greater security independence

Walmart names Kinnard to replace departing US COO Shanahan, memo shows

China tells automakers to boost safety, quality checks

Exclusive-Latvia in talks with strategic investor for ailing airBaltic, PM says

Travelers sails past profit estimates on lower catastrophe losses

Fifth Third reports rise in quarterly profit on higher interest income

US regional banks brush off war jitters with lending surge, fee boost

FAA chief vows fast time-table to reform US air traffic control systems

BofA names senior executives to drive AI adoption in global markets-memo

S&P 500 and Nasdaq slip as chip rout extends; Netflix slides

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