• Reuters

    Mexico's Banorte posts 9% profit climb in Q1 as loan book grows

    Mexico's Grupo Financiero Banorte reported on Tuesday a 9% increase in first-quarter net profit from the year-ago period, citing growth in its loan book. Net profit for the quarter hit 14.21 billion pesos ($859.48 million). Net interest income, the difference between what banks earn on loans and dole out in deposits, grew 10% year-over-year on the larger loan book, which also benefited from higher interest rates.

  • Reuters

    US labor union backs Norfolk in proxy battle with Ancora

    A top federation of U.S. labor unions has urged Norfolk Southern shareholders to vote against Ancora's director candidates, arguing the hedge fund's plans for the railroad would compromise safety and improvements being considered. "Ancora's proposed strategy for Norfolk Southern is "not fit for purpose" and the election of Ancora's proposed directors will derail the safety and service improvements that are currently underway at Norfolk Southern," the American Federation of Labor and Congress of Industrial Organizations said in a letter. Ancora, in February, proposed the replacement of Norfolk Southern's top management, including its CEO, and nominated eight directors to the railroad operator's board in response to the company's negligence leading to a 2023 train derailment in East Palestine, Ohio.

  • The Daily Beast

    Trump’s Unhinged Now, but Just Wait Until He Takes the Stand

    Photo Illustration by Thomas Levinson/The Daily Beast/Getty/ReutersAs the first-ever criminal prosecution of a former president has finally gotten underway, the big question remains: “Will he or won’t he?” Will Donald Trump testify, that is.His legal defense team may have little choice but to let its client put his right hand on the Bible and swear to tell the truth, the whole truth, and nothing but the truth. But his truth might not exactly set him free.Trump’s serial incorrigibility, hair-trig