Category Archives:
PulteGroup results beat estimates on higher new home sales
(Reuters) - PulteGroup Inc beat Wall Street estimates for second-quarter profit and revenue on Tuesday, as strong demand for affordable housing and tight resale inventory boosted new home sales. Exist...
Jul 25, 2023
Kimberly-Clark lifts annual forecasts on price hikes, steady demand
(Reuters) - Kimberly-Clark Corp raised its full-year sales and profit forecasts on Tuesday, as the maker of Kleenex tissues and KleenGuard benefits from price increases and resilient demand for essent...
Jul 25, 2023
Grain trader ADM’s quarterly profit tops estimates
(Reuters) -Archer-Daniels-Midland beat Wall Street expectations for second-quarter profit on Tuesday, as the grain trader and processor benefited from tight global supplies and robust demand for grain...
Jul 25, 2023
Verizon posts surprise rise in wireless subscribers
(Reuters) -Verizon Communications on Tuesday posted a surprise rise in wireless subscriber additions as more users upgraded their mobile phones to access its super-fast 5G network in a highly competit...
Jul 25, 2023
Wildfires bring death and destruction to Mediterranean
By Fedja Grulovic and Lamine Chikhi RHODES/ALGIERS (Reuters) - Wildfires killed 34 people in Algeria and forced the evacuation of thousands of tourists from the Greek island of Rhodes as an intense su...
Jul 25, 2023
Alaska Air forecasts 2023 revenue growth below estimates
(Reuters) - Alaska Air Group on Tuesday forecast its annual revenue below estimates on early signs of cooling ticket prices, sending its shares down 6.3% in premarket trading. U.S. inflation data in J...
Jul 25, 2023
Biogen to cut 1,000 jobs to save costs as Alzheimer’s drug launch gathers pace
(Reuters) - Biogen Inc said on Tuesday it expects to slash about 1,000 jobs, or about 11% of its workforce, to save costs as the company ramps up the launch of a new Alzheimer's disease drug in effort...
Jul 25, 2023
US distillate stocks fail to make summer recovery amid refinery outages
By Laura Sanicola (Reuters) - U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a...
Jul 25, 2023
RTX raises 2023 sales outlook boosted by aviation recovery
(Reuters) - RTX Corp on Tuesday raised its full-year revenue forecast, as the aerospace and defense major is set to benefit from strong demand for jet engine parts and related services following a rec...
Jul 25, 2023
Power cuts in Malta put the government in hot water
VALLETTA (Reuters) - Widespread power cuts across Malta caused by a week-long heatwave have led to criticism of Prime Minister Robert Abela's government, with business fearing it could damage summer t...
Jul 25, 2023
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