Insurer Travelers profit falls on U.S. storm costs
(Reuters) – Property and casualty insurer Travelers Companies (NYSE:TRV) Inc on Wednesday reported a 6% fall in quarterly profit, hurt…
CDW slides on weak preliminary sales; analysts see a buying opportunity
Shares of CDW Corp. (NASDAQ:CDW) are down about 5.5% in pre-market Wednesday after the company announced preliminary Q1 results. The IT…
Biden’s push for electric vehicles hits deep in the heart of Texas
(Reuters) – At Toyota Motor (NYSE:TM) Corp’s sprawling factory here, just 16 miles (26 km) from the Alamo, a new gasoline-fueled Tundra…
Glencore raises pressure on Teck Resources with promise of sweeter bid
(Reuters) – Glencore (OTC:GLNCY) has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer,…
Dow futures slide lower as investors digest earnings
U.S. stock futures pointed to a lower open on Wall Street on Wednesday as investors weighed mixed earnings reports from…
Shanghai auto show crowds flock to BYD’s Seagull
(Reuters) – At the Shanghai auto show this week, the largest crowds can be found around an unassuming, bright yellow…
Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes
(Reuters) – Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by…
TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ
(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached…
Mercedes includes buyback option as Russian assets sale given official approval
(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been…
Japan’s SMFG is first global bank to sell AT1 bonds since C. Suisse wipeout
(Reuters) -Japan’s Sumitomo Mitsui Financial Group (NYSE:SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global…