Category Archives:
Stellantis’ Citroen draws the curtain on 30 years of minivans
(Reuters) - Stellantis' Citroen announced on Thursday the end of its C4 Grand SpaceTourer model, drawing a line under 30 years of minivans that embodied the brand's family image now overshadowed by SU...
Apr 21, 2022
U.S. weekly jobless claims decline moderately
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell moderately last week, still suggesting that April was another month of strong job growth. Initial claims...
Apr 21, 2022
Upside Foods valued at over $1 billion after Temasek, Abu Dhabi Growth Fund-led funding
By Mehnaz Yasmin (Reuters) - Upside Foods has raised $400 million in a funding round led by Temasek and Abu Dhabi Growth Fund, valuing the cultivated meat company at over $1 billion, the company said ...
Apr 21, 2022
Nestle CEO says growth target conservative, margin more challenging
ZURICH (Reuters) - Nestle's organic growth target of around 5% this year is "conservative" while the margin target has become more challenging due to inflationary pressures, the food group's chief exe...
Apr 21, 2022
Marlboro maker Philip Morris sees earnings impact from Ukraine war
(Reuters) - Philip Morris International Inc cut its full-year earnings forecast on Thursday, hurt by the pullback of its Russian operations, higher costs and a sluggish recovery in its Asian duty-free...
Apr 21, 2022
Big companies manage to pass on soaring costs to cash-strapped consumers
By John Revill ZURICH (Reuters) - Makers of chocolate bars and coffee to lawn mowers and industrial robots were succeeding in passing on soaring costs to consumers, first-quarter earnings showed on Th...
Apr 21, 2022
Polish fashion retailer LPP faces surplus products, challenging first-half 2022
GDANSK (Reuters) - Poland's biggest fashion retailer LPP faces a surplus of merchandise this year after closing stores in Eastern Europe, which is likely to erode its profits in the first half and squ...
Apr 21, 2022
Union Pacific quarterly profit rises 21.5% on higher prices, shipments
(Reuters) - U.S. railroad operator Union Pacific Corp posted a 21.5% rise in first-quarter profit on Thursday, benefiting from higher shipments due to a rise in U.S. factory production and price hikes...
Apr 21, 2022
Humana to sell majority stake in hospice business to CD&R for $2.8 billion
(Reuters) -Humana Inc said on Thursday it would sell a 60% interest in its hospice business, Kindred at Home, for $2.8 billion to private investment firm Clayton, Dubilier & Rice. The U.S. health insu...
Apr 21, 2022
Futures climb after strong results from Tesla
(Reuters) - U.S. stock index futures rose on Thursday as heavyweight Tesla surged on strong results and United Airlines predicted a surprise profit in its current quarter, boosting shares of other car...
Apr 21, 2022
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