Category Archives:
US commercial property delinquencies rise further in July -report
By Matt Tracy (Reuters) - Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing the late payment rate up by 34 basis points from June to 3.93...
Syndicated Content Jul 26, 2023
Teradyne beats results estimates as AI boom supports chip demand
(Reuters) - Chip-testing machines maker Teradyne on Wednesday surpassed estimates for sales and profit in the second quarter, helped by growing demand for semiconductors that power artificial intellig...
Syndicated Content Jul 26, 2023
U.S. Trucking firm Yellow prepares for bankruptcy – WSJ
(Reuters) - U.S. trucking firm Yellow is preparing to file for bankruptcy, the Wall Street Journal reported on Wednesday, as customers abandon the company amid a cash crunch and union negotiations. Th...
Syndicated Content Jul 26, 2023
Brazil’s postal service inks deal with Shopee to sell products to Asia
(Reuters) - Brazil's postal service Correios said on Wednesday it has signed an agreement with Singaporean shopping app Shopee to boost exports of Brazilian products to Southeast Asian markets. Shopee...
Syndicated Content Jul 26, 2023
California, other states move to block 3M’s $10.3 billion PFAS deal
By Clark Mindock (Reuters) - A group of 22 states and U.S. territories on Wednesday moved to block a proposed $10.3 billion settlement that would resolve claims against 3M Co over water pollution tied...
Syndicated Content Jul 26, 2023
United Airlines details temporary Newark flight cuts
WASHINGTON (Reuters) - United Airlines said on Wednesday its decision to cut about 15 flights from its daily schedule in Newark in August and early September will impact less than 4% of travelers flyi...
Syndicated Content Jul 26, 2023
L3Harris says deal for Aerojet gets go-ahead from U.S. regulator
(Reuters) - Aerospace and defense company L3Harris Technologies on Wednesday said it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne. T...
Syndicated Content Jul 26, 2023
ServiceNow beats quarterly revenue estimates on AI-fueled growth
(Reuters) - ServiceNow reported quarterly revenue above Wall Street estimates on Wednesday, boosted by a growing demand for its artificial intelligence solutions. The rising demand for workflow automa...
Syndicated Content Jul 26, 2023
ECB to hike rates again but keep options open for September
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) - The European Central Bank will raise interest rates for the ninth time in a row on Thursday and keep the door open to further moves as pers...
Syndicated Content Jul 26, 2023
O’Reilly Automotive names insider CEO, lifts profit view on strong parts demand
(Reuters) - Auto parts distributor O'Reilly Automotive on Wednesday named Brad Beckham as its top boss and raised its annual profit and sales outlook on strong demand for aftermarket products. Beckham...
Syndicated Content Jul 26, 2023
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