Business

JBS posts stable profit in Q4 despite record revenue

Wednesday, March 25 by SRN News

SAO PAULO, March 25 (Reuters) - Brazil's JBS, the world's largest meat company, on Wednesday reported a nearly flat fourth-quarter net profit as record revenue failed to offset tighter margins, especially in its U.S. beef business. The Brazilian company posted a net profit of $415... Read More.

Trading Day: Giving peace a chance

Wednesday, March 25 by SRN News

ORLANDO, Florida, March 25 (Reuters) - Stocks rose and oil prices and bond yields dropped on Wednesday, on hopes that the U.S. and Iran are progressing toward a peace deal. Investors' optimism was reflected in the MSCI All Country equity index clocking its biggest... Read More.

Jefferies profit rises on dealmaking but misses estimates from losses on First Brands, MFS

Wednesday, March 25 by SRN News

By Utkarsh Shetti and Saeed Azhar March 25 (Reuters) - Jefferies Financial missed analysts' estimates on Wednesday after its profit jumped 22% in a first quarter that was buoyed by investment banking, but marred by losses on loans to collapsed companies. The investment bank said it... Read More.

KKR-backed OHB taps banks for share sale, Bloomberg News reports

Wednesday, March 25 by SRN News

March 25 (Reuters) - German satellite maker OHB is working on a share sale, potentially allowing minority investor KKR to reduce its stake, Bloomberg News reported on Wednesday. A deal could value OHB at slightly above its market value, which was about 5.5 billion euros... Read More.

GM workers at Mexico’s Silao plant to vote on proposal for 10% salary hike

Wednesday, March 25 by SRN News

MEXICO CITY, March 25 (Reuters) - The union representing workers at a General Motors plant in Silao, Mexico has proposed a 10% salary increase for the 2026-2028 contract, union leader told Reuters on Wednesday. Alejandra Morales, head of SINTTIA, said workers will vote on the... Read More.

KKR to acquire Nothing Bundt Cakes for over $2 billion, source says

Wednesday, March 25 by SRN News

March 25 (Reuters) - U.S. private equity firm KKR has struck a deal to acquire bakery chain Nothing Bundt Cakes from Roark Capital for over $2 billion, including debt, a source familiar with the matter told Reuters on Wednesday. * The... Read More.

Private credit fund bonds were flagging risks before recent redemptions, hedge fund says

Wednesday, March 25 by SRN News

By Nell Mackenzie LONDON, March 25 (Reuters) - Bonds issued by semi-liquid private credit funds have fallen sharply in value since early February to trade at their weakest in a year, in a sign that investors were bracing for stress in the sector even before... Read More.

Fidelity beats lawsuit over fees in $439 billion money market fund

Wednesday, March 25 by SRN News

By Jonathan Stempel NEW YORK, March 25 (Reuters) - A federal judge dismissed a lawsuit on Wednesday accusing mutual fund giant Fidelity of cheating many investors in its $439.1 billion Fidelity Government Money Market Fund by keeping them in higher-cost share classes than they were... Read More.

Melania Trump shares the spotlight with a robot at an education and technology event

Wednesday, March 25 by SRN News

WASHINGTON (AP) - First lady Melania Trump often commands the attention of any room she enters but all eyes - and cameras - were trained on her humanoid companion on Wednesday. The humanoid accompanied the first lady as she arrived at the White House... Read More.

EPA approves sale of higher ethanol fuel to try to lower gas prices

Wednesday, March 25 by SRN News

The U.S. Environmental Protection Agency said Wednesday that it would temporarily allow widespread sales of a higher ethanol gas blend in a move that they hope will tamp down consumer prices that have soared since the Iran war began. The sale of E15 is... Read More.

Current Weather

JBS posts stable profit in Q4 despite record revenue

Trading Day: Giving peace a chance

Jefferies profit rises on dealmaking but misses estimates from losses on First Brands, MFS

GM workers at Mexico’s Silao plant to vote on proposal for 10% salary hike

KKR to acquire Nothing Bundt Cakes for over $2 billion, source says

Private credit fund bonds were flagging risks before recent redemptions, hedge fund says

Fidelity beats lawsuit over fees in $439 billion money market fund

Melania Trump shares the spotlight with a robot at an education and technology event

EPA approves sale of higher ethanol fuel to try to lower gas prices

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