Aug 9 (Reuters) - Insurers and reinsurers' losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be very manageable for the industry, according to a report from Gallagher Re. Wind and water-related losses could cost insurers between $1 billion and $2 billion. Fewer active insurance policies were partly why the...

Iteris, Inc. ( ITI )‘s stock surged Friday morning after private Italian digital innovation group Almaviva S.p.A. agreed to acquire the company in a $335 million all-cash deal. As per the terms, Iteris ( ITI ) shareholders will receive $7.20 per share. The cash purchase price represents a 68% premium over Iteris’s closing share price on August 8, 2024. The...

06:41 AM EDT, 08/09/2024 (MT Newswires) -- Amneal Pharmaceuticals ( AMRX ) reported Q2 adjusted earnings Friday of $0.16 per diluted share, down from $0.19 a year earlier. Four analysts polled by Capital IQ expected $0.14. Net revenue for the quarter ended June 30 was $701.8 million, up from $599 million a year earlier. Three analysts polled by Capital IQ...

06:43 AM EDT, 08/09/2024 (MT Newswires) -- Tenaz Energy ( ATUUF ) late on Thursday said it swung to a net income in the second quarter on higher petroleum and natural gas sales. Second-quarter net income came in at $1.3 million, or $0.04 per diluted share, swinging from a loss of $757,000, or $0.03 per diluted share. Petroleum and natural...