By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. The news and information company reported adjusted earnings of 82 cents per share, beating analyst…
By Jonathan Allen and Brendan O’Brien (Reuters) -Former Minneapolis police officer Tou Thao was found guilty of aiding and abetting in the 2020 killing of George Floyd, a Black man who died after his neck was pinned to the ground by another officer’s knee during a botched arrest. The verdict against Thao, who held back…
By Bhanvi Satija and Raghav Mahobe (Reuters) – Pfizer Inc on Tuesday reported higher-than-expected first-quarter revenue and profit, buoyed by demand for its COVID-19 products, and reaffirmed its 2023 earnings forecast as it banks on newer drugs to contribute to growth later this year. The company has said it expects 2023 to be a low…
By Michael S. Derby (Reuters) – For all the assertions that the pandemic and the inflation surge that followed it have put an end to the low-interest-rate era, key officials at the Federal Reserve and elsewhere still see a return to that world as a likely outcome down the road. The Fed is nearing the…
By Antonella Cinelli ROME (Reuters) – Italian inflation jumped unexpectedly in April, driven by another spike in energy prices, official statistics agency ISTAT said on Tuesday. EU-harmonised consumer prices (HICP) rose a preliminary 1.0% month-on-month, with annual inflation accelerating to 8.8% from 8.1% in March, well above the median forecast of a 7.8% year-on-year rise….
By Andy Sullivan and Jacqueline Thomsen WASHINGTON (Reuters) – The divided U.S. Congress is running out of time to raise the federal government’s $31.4 trillion debt ceiling, with the Treasury Department warning it could be unable to pay its bills as soon as June 1. If Congress fails to act, some legal experts say Democratic…
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – HSBC tripled its profit in the first quarter as rising interest rates boosted its income, beating analyst forecasts and helping the bank pay its first quarterly dividend since 2019. The strong results reported by HSBC and Asian rival DBS on Tuesday underscore how aggressive policy…
(Reuters) – The New York Stock Exchange said on Tuesday it will delist shares of First Republic Bank, the lender that was seized by regulators before JPMorgan Chase & Co acquired most of its assets. Apart from the company’s common stock, seven different types of its preferred stock will also be delisted. Trading in all…
By Blake Brittain (Reuters) -A U.S. judge in California on Monday declared a mistrial in Masimo Corp’s smartwatch trade secret lawsuit against Apple Inc after jurors failed to reach a unanimous verdict in the potential billion-dollar case. A Masimo spokesperson said in a statement that the company was “disappointed that the jury was unable to…
By Karen Brettell NEW YORK (Reuters) – The dollar pared gains on Tuesday after data showed that U.S. job openings fell in March while factory orders came in below economists’ expectations, a day before the Federal Reserve is expected to hike rates by an additional 25 basis points. The U.S. Labor Department said that U.S….
