NEW YORK (Reuters) -Index provider MSCI said on Thursday two Adani-group companies will not be eligible for its global indexes, while 86 securities will be added to and 39 deleted from its widely followed MSCI ACWI stock index, as part of its quarterly index review. MSCI said earlier this week it would apply a “special…
(Reuters) -Canada’s second-biggest life insurer Sun Life Financial Inc on Thursday beat analysts’ estimates for first-quarter profit, powered by strong insurance sales at home and in the United States. Chief Executive Officer Kevin Strain said the insurer generated “strong growth in both health and protection sales,” as consumers prioritized health and financial security. Sun Life…
WASHINGTON (Reuters) – CIA Director William Burns on Thursday announced the appointment of the former head of the U.S. Navy’s sexual assault prevention program as part of a new effort to improve how the premier U.S. spy agency deals with sexual assault and harassment allegations. The moves follow a U.S. Senate intelligence committee letter in…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets look poised to end the week on a nervous note on Friday, after soft U.S. and Chinese data stoked worries about the global economy and ensured a jittery day on world markets on Thursday. The main…
By Rajesh Kumar Singh CHICAGO (Reuters) -United Airlines pilots want higher pay than their counterparts at Delta Air Lines and at least similar improvements in work-life balance in their new contract, the head of their union said. Garth Thompson, in an interview late on Wednesday, told Reuters that any proposal that falls short of those…
By Mike Scarcella (Reuters) – Microsoft Corp on Friday will defend its $69 billion planned acquisition of “Call of Duty” maker Activision Blizzard Inc, in a private antitrust lawsuit in San Francisco federal court brought by video gamers who claim the deal will harm industry competition and should be stopped. At the hearing, U.S. District…
By Alvise Armellini and Elvira Pollina ROME (Reuters) -Italy’s antitrust agency AGCM said on Thursday it had opened a probe into U.S. technology giant Apple Inc for alleged abuse of its dominant position in the apps market. The watchdog said Apple penalised third-party app developers by imposing “a more restrictive privacy policy” than it applies…
By Katie Paul and Sheila Dang NEW YORK (Reuters) – Social media giant Meta Platforms Inc joined the generative AI product race on Thursday, saying it would begin testing artificial intelligence-powered ad tools that can create content like image backgrounds and variations of written text. A select group of advertisers will be invited to experiment…
By Aditya Soni (Reuters) -Walt Disney Co shares ended down more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company could be sacrificing growth in its bid to stem losses. The decline erased about $16 billion from the company’s market value and marked the stock’s…
By Herbert Lash NEW YORK (Reuters) -A gauge of global stock performance slid on Thursday after U.S. jobless claims and a modest rise in producer prices suggested a slowing economy, which also pushed Treasury yields lower as it could allow the Federal Reserve to stop raising interest rates. The number of Americans filing new claims…
