Business

Exclusive-EU looking to ease path for pan-European deal approvals, sources say

Thursday, February 12 by SRN News

By Foo Yun Chee BRUSSELS, Feb 12 (Reuters) - The European Commission is aiming to make it easier for companies in the region to build scale through cross-border acquisitions in its first overhaul of merger rules in more than two decades, people with direct knowledge... Read More.

European corporate outlook improves, but earnings forecast to fall

Thursday, February 12 by SRN News

By Javi West Larrañaga Feb 12 (Reuters) - The outlook for European corporate health has improved, the latest LSEG I/B/E/S forecasts showed on Thursday, as European blue-chip indices hit highs on the back of a better-than-anticipated earnings season so far. European companies are expected... Read More.

Prosecutors investigate the EU’s executive branch over the sale of buildings to Belgium 2 years ago

Thursday, February 12 by SRN News

BRUSSELS (AP) - Prosecutors have opened an investigation into the European Commission's sale of 23 of its buildings to Belgium where it has dozens of premises, the European Union's executive branch said on Thursday. Belgium's sovereign wealth fund SFPIM bought the buildings for around 900... Read More.

Trump’s EPA revokes scientific finding that underpinned US fight against climate change

Thursday, February 12 by SRN News

WASHINGTON (AP) - The Trump administration on Thursday revoked a scientific finding that long has been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change, the most aggressive move by the president to roll back climate regulations. The rule... Read More.

JPMorgan’s commercial and investment bank names Halamish as COO to lead AI strategy, memo shows

Thursday, February 12 by SRN News

Feb 12 (Reuters) - JPMorgan Chase's commercial and investment bank has appointed insider Guy Halamish as chief operating officer to oversee data and AI strategy across the division, according to an internal memo seen by Reuters. Banks and companies across Wall Street are rushing to... Read More.

L’Oreal sales undershoot in Asia, beat forecasts in North America

Thursday, February 12 by SRN News

By Dominique Patton PARIS, Feb 12 (Reuters) - L'Oreal's fourth-quarter sales grew 6%, it said on Thursday, after strong demand for the group's haircare and makeup in Europe and North America compensated for barely any growth in North Asia. Sales in North Asia, mainly China, grew... Read More.

Brazil’s producers of canephora coffees, including robusta, expand into new territory

Thursday, February 12 by SRN News

By Oliver Griffin SAO PAULO, Feb 12 (Reuters) - Canephora coffee varieties, including conilon and robusta, are expanding in Brazilian states that traditionally produce little to none of the crops, as elevated prices drive interest, industry leaders, researchers and officials said. Brazil is the world's biggest... Read More.

Mercedes-Benz to recall 11,895 vehicles in the US over fire hazard, NHTSA says

Thursday, February 12 by SRN News

Feb 12 (Reuters) - Mercedes-Benz is recalling 11,895 vehicles in the U.S. over high-voltage batteries that can fail internally and pose a fire risk while parked or driving, the U.S. National Highway Traffic Safety Administration said on Thursday. Vehicle owners are being told to... Read More.

New Kraft Heinz CEO’s difficult choice: Split or double down

Thursday, February 12 by SRN News

By Abigail Summerville and Juveria Tabassum Feb 12 (Reuters) - Kraft Heinz's new CEO Steve Cahillane was faced with a difficult choice. Either continue the time-consuming process of separating into two companies or revive the company's struggling brands during a time of weak consumer sentiment.... Read More.

US refiner PBF Energy posts unexpected profit as margins improve

Thursday, February 12 by SRN News

By Katha Kalia and Nicole Jao NEW YORK, Feb 12 (Reuters) - Refiner PBF Energy reported a surprise profit on Thursday as lower crude oil prices lifted refining margins. PBF earned 49 cents per share on an adjusted basis in the fourth quarter, compared with... Read More.

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Current Weather

Exclusive-EU looking to ease path for pan-European deal approvals, sources say

European corporate outlook improves, but earnings forecast to fall

Prosecutors investigate the EU’s executive branch over the sale of buildings to Belgium 2 years ago

Trump’s EPA revokes scientific finding that underpinned US fight against climate change

JPMorgan’s commercial and investment bank names Halamish as COO to lead AI strategy, memo shows

L’Oreal sales undershoot in Asia, beat forecasts in North America

Brazil’s producers of canephora coffees, including robusta, expand into new territory

Mercedes-Benz to recall 11,895 vehicles in the US over fire hazard, NHTSA says

New Kraft Heinz CEO’s difficult choice: Split or double down

US refiner PBF Energy posts unexpected profit as margins improve

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