Category Archives:
Lazard posts 34% drop in second-quarter profit
(Reuters) - Lazard Ltd on Thursday reported a 34% drop in second-quarter profit as dealmaking globally stood at a fraction of last year's record levels. The bank reported adjusted net income of $96 mi...
Jul 28, 2022
Southwest predicts third-quarter revenue above pre-pandemic levels
(Reuters) - U.S. carrier Southwest Airlines Co on Thursday predicted that its third-quarter revenue will exceed pre-pandemic levels on strong travel demand during the summer, but warned of capacity co...
Jul 28, 2022
Valero kicks off U.S. refinery results with Q2 profit jump
(Reuters) - Refiner Valero Energy Corp reported a rise in second-quarter profit on Thursday, boosted by higher demand for fuel and refined products. Net income attributable to the company's stockholde...
Jul 28, 2022
Northrop sales fall as labor shortages, supply chain issues hamper production
By Mike Stone and Shivansh Tiwary (Reuters) - Northrop Grumman Corp reported a 3.8% fall in quarterly sales on Thursday, as sustained labor shortages and global supply chain issues dent deliveries for...
Jul 28, 2022
Spirit Airlines agrees to $3.8 billion offer from JetBlue
(Reuters) - Spirit Airlines Inc on Thursday agreed to a $3.8 billion buyout offer from low-cost rival JetBlue Airways Corp, ending a drawn-out battle for the carrier that would help create the fifth-l...
Jul 28, 2022
Etihad Airways swings to first half operating profit of nearly $300 million
DUBAI (Reuters) - Abu Dhabi's Etihad Airways swung to a core operating profit of $296 million in the first half of 2022 from a loss of $390 million a year earlier. The emirate's state carrier, which d...
Jul 28, 2022
Merck quarterly profit tops Wall Street view on strong Keytruda sales
By Michael Erman (Reuters) - Merck & Co on Thursday reported higher-than-expected second-quarter earnings and revenue on strong sales of its blockbuster cancer drug Keytruda. The company said it earne...
Jul 28, 2022
U.S. House Democrats to propose ban on stock trading in August – Punchbowl News
(Reuters) - U.S. House Democrats plan to announce a proposal next month to ban lawmakers, their spouses and senior staff from trading stocks, Punchbowl news outlet reported on Thursday, citing multipl...
Jul 28, 2022
Jack Ma plans to give up control of Ant Group – WSJ
(Reuters) - Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co in an effort to move away from affiliate Alibaba Group Holding Ltd, the Wall Street Journa...
Jul 28, 2022
Column: How Medicare reforms could help U.S. retirees facing high inflation
By Mark Miller (Reuters) - U.S. seniors tell pollsters that high inflation is one of their top worries - and that makes sense. Aside from Social Security, which is adjusted annually to reflect consume...
Jul 28, 2022
Peoria, IL, USA
42 °F Partly cloudy
