Feb 9 (Reuters) - Chipmaker Onsemi missed Wall Street estimates for fourth-quarter revenue on Monday, with its business segments declining as much as 17%, hurt by a persistent inventory glut.
Shares of the Phoenix, Arizona-based company fell nearly 6% in extended trading.
Onsemi has been grappling with an inventory glut as its customers work through excess chip stockpiles ordered during the supply chain crunch.
Analysts... (continue reading...)
By Simon Lewis
WASHINGTON, Feb 9 (Reuters) - The Trump administration will fund efforts to promote free speech within Western countries allied with Washington, a senior State Department official said on Monday during a visit to Europe focused on pushing back against European regulations that U.S. officials have branded censorship.
U.S. officials have forcefully opposed online rules like the EU's Digital Services Act and Britain's Online... (continue reading...)
Feb 9 (Reuters) - Property and casualty insurer Cincinnati Financial's fourth-quarter profit rose on Monday, reflecting higher premiums and investment income.
The results show insurance firms' stability, even as macroeconomic and geopolitical tensions disrupt other businesses.
As consumers and companies grow accustomed to economic uncertainty, spending on policies has remained steady.
Earned premiums rose 10% to $2.59... (continue reading...)
LONDON, Feb 9 (Reuters) - Britain on Monday called on Israel to reverse its decision to expand control over the West Bank, joining Saudi Arabia and the United Arab Emirates in criticising the move.
"The UK strongly condemns the Israeli Security Cabinet’s decision yesterday to expand Israeli control over the West Bank," the British government said. Critics have said Israel's move to ease settlement expansion and widen its powers in the West Bank... (continue reading...)
By Maria Tsvetkova
NEW YORK, Feb 9 (Reuters) - Two-thirds of nurses who walked out of major hospitals in New York City a month ago have reached preliminary agreements with their employers and may end the strike this week, the union representing 15,000 striking nurses said on Monday.
The strike at three healthcare networks - Montefiore, Mount Sinai and NewYork-Presbyterian - led to staffing shortages and a state of emergency declared by... (continue reading...)
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