10:17 AM EST, 03/07/2024 (MT Newswires) -- Kroger ( KR ) gave an upbeat full-year profit outlook on Thursday as inflation-hit consumers seek cheaper meal options, providing a boost to the supermarket chain's fiscal fourth-quarter results. The company expects adjusted earnings to be in a range of $4.30 to $4.50 per share for fiscal 2024, compared with the consensus on...

WASHINGTON (Reuters) -The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring, the Federal Deposit Insurance Corporation reported Thursday. Roughly 70% of the 43.9% decline in quarterly bank profits was due to specific, non-recurring expenses...

LONDON (Reuters) - Virgin Money, the British challenger bank founded by entrepreneur Richard Branson, could be swallowed up by mutually-owned lender Nationwide, in a surprise 2.9 billion pound potential deal, the companies said on Thursday. The proposed takeover, still subject to conditions, serves as a milestone for the UK banking industry, and would consign one of its best-known and fastest-growing...

10:19 AM EST, 03/07/2024 (MT Newswires) -- Aon (AON) said Thursday that it acquired technology assets and intellectual property of Humn.ai to support the commercial fleet business. Humn.ai operates an AI-powered platform for risk assessment and driving insights to reduce risks for commercial drivers. Financial details of the transaction were not disclosed. Price: 317.90, Change: +0.80, Percent Change: +0.25 ...