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W.R. Berkley third-quarter profit rises on investment gains, steady underwriting

(Reuters) -Commercial insurer W. R. Berkley reported a rise in third-quarter profit on Monday, boosted by robust investment gains and steady underwriting performance. Resilient consumer spending despite higher borrowing costs has helped sustain insurance demand, as businesses and households continue to prioritize protection against financial ...
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Zions Bancorp’s quarterly profit rises on interest income; offsets loan loss

(Reuters) -Zions Bancorp reported a rise in third-quarter profit on Monday, helped by stronger income from interest, despite taking a hefty loss on two loans, sending shares of the bank up 2.5% in after-market trading. Zions disclosed last week that it would take ...
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General Dynamics gets $3.5 billion scout vehicle contract from Germany

(Reuters) -General Dynamics said on Monday that its Europe unit has secured a contract for about 3 billion euros ($3.50 billion) to deliver next-generation reconnaissance vehicle for the German Army Reconnaissance Corps. The contract was commissioned to General Dynamics European Land Systems by the Federal ...
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Another wave of ‘buy the dip’

By Jamie McGeever ORLANDO, Florida (Reuters) -Wall Street and most global equity benchmarks rose sharply on Monday, as optimism around U.S. earnings and easing global trade tensions offset some of last week’s worries over frothy asset prices, private credit markets and U.S. regional banks. More on ...
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Apple’s rally pulls Wall Street to the cusp of its record

NEW YORK (AP) — U.S. stocks rallied on Monday to the cusp of their records. The S&P 500 climbed 1.1% and pulled within 0.3% of its all-time high set earlier this month. The Dow Jones Industrial Average jumped 515 points, or 1.1%, and the ...
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Proxy firm Glass Lewis joins ISS in urging vote against Musk’s $1 trillion pay package

(Reuters) -Proxy firm Glass Lewis has recommended that Tesla shareholders vote against the proposed $1 trillion pay package for CEO Elon Musk, days after ISS also urged investors to reject what might be the largest-ever compensation plan awarded to a company chief. The Glass Lewis ...
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US business lobby urges Trump to end new curbs on exports to China

By Alexandra Alper WASHINGTON (Reuters) -A lobbying group whose board includes U.S. firms like Oracle, Amazon.com and Exxon Mobil is urging the Trump administration to immediately suspend a rule it says halted billions of dollars’ worth of U.S. exports and will prompt China and other countries ...
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Supreme Court will consider whether people who regularly smoke pot can legally own guns

WASHINGTON (AP) — The Supreme Court said on Monday that it will consider whether people who regularly smoke marijuana can legally own guns, the latest firearm case to come before the court since its 2022 decision expanding gun rights. President Donald Trump’s administration asked ...
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Broadway actors and producers reach tentative labor deal, but musicians still threaten a strike

NEW YORK (AP) — The union representing thousands of Broadway actors reached a tentative new labor agreement over the weekend with commercial producers, leaving just the musicians’ union still negotiating. Actors’ Equity Association — which represents over 51,000 members, including singers, actors, dancers and stage ...
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How fast-moving de Meo secured L’Oreal deal to ease Kering’s strain

By Mathieu Rosemain, Andres Gonzalez and Mimosa Spencer PARIS (Reuters) -Kering’s new CEO Luca de Meo didn’t take long to make his mark. While preliminary conversations between the Gucci owner and L’Oreal over the sale of Kering’s beauty business had begun in the spring, before de ...
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Analysis-US bank rout prompts deal speculation as credit worries loom

By Nupur Anand, Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -Jitters around U.S. banks’ exposure to loan losses have fueled expectations for more mergers and acquisitions as big buyers may be spurred to look to absorb smaller or weaker rivals, according to four senior ...
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Inflation in Mexico likely slowed in early October: Reuters poll

MEXICO CITY (Reuters) -Mexico’s annual inflation rate likely slowed in the first half of October, a Reuters poll showed on Monday, supporting bets the central bank of Latin America’s second-largest economy will continue to cut its benchmark interest rate through the end of this ...
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