Category Archives:
Exxon, Chevron hit by Q1 market swings, but still post big revenues
By Sabrina Valle (Reuters) - The two largest U.S. oil companies on Friday posted big revenues in the first quarter, but both Exxon Mobil Corp and Chevron Corp found themselves tripped up by market flu...
Apr 29, 2022
CEO of Berkshire’s Brooks Running expects sales boost despite pandemic, supply disruptions
By Jonathan Stempel OMAHA, Neb. (Reuters) - The longtime chief executive of running shoe maker Brooks Running, a unit of Warren Buffett's Berkshire Hathaway Inc, aims to more than triple revenue over ...
Apr 29, 2022
Big Fed rate hikes ahead, amid early signs hot inflation is peaking
By Lindsay Dunsmuir and Ann Saphir (Reuters) - U.S. Federal Reserve policymakers look set to deliver a series of aggressive interest rate hikes at least until the summer to deal with hot inflation and...
Apr 29, 2022
Pandemic not over, U.S. unlikely to eliminate COVID-19 – Fauci
WASHINGTON (Reuters) - The coronavirus pandemic is not over and it is unlikely that the United States will ever eliminate COVID-19 but should strive to control the virus, top U.S. infectious disease e...
Apr 29, 2022
Purdue urges skeptical appeals court to revive Sackler shield from opioid lawsuits
By Dietrich Knauth (Reuters) - Judges on a U.S. appeals court appeared reluctant on Friday to revive a legal shield that would protect the Sackler family that owns Purdue Pharma from lawsuits related ...
Apr 29, 2022
U.S. consumer sector braces for slowing demand as inflation bites
By Uday Sampath Kumar (Reuters) - U.S. consumer goods firms, including P&G and Coca-Cola, are preparing for an impending slowdown in demand as runaway inflation fuels a surge in prices of everything f...
Apr 29, 2022
Kuehne + Nagel results ride demand wave despite stagnant volumes
By Alexander Kloss and Ana CanteroRos (Reuters) -Swiss logistics group Kuehne + Nagel reported on Tuesday a 162% surge in its first-quarter net earnings, citing strong demand for capital and consumer ...
Apr 29, 2022
HSBC’s top shareholder calls for banking giant’s break-up – FT
(Reuters) - HSBC Holdings's largest shareholder, Chinese insurance giant Ping An, has called for the British bank to break itself up, the Financial Times reported on Friday. Ping An has set out its pl...
Apr 29, 2022
Colombia’s Avianca to merge with low-cost airline Viva
BOGOTA (Reuters) - Flag-carrier Avianca has agreed to merge with Viva, another of Colombia's most important commercial airlines, while keeping separate branding and strategies, the firms said on Frida...
Apr 29, 2022
Europe strains for clarity as Russia stands by roubles-for-gas demand
By Kate Abnett and Francesco Guarascio BRUSSELS (Reuters) - Companies and countries were at odds over Moscow's rouble-for-gas payment system on Friday, while European officials promised more guidance ...
Apr 29, 2022
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