Category Archives:
Kellogg raises sales forecast as price increase counters strike impact
(Reuters) -Kellogg Co beat quarterly sales estimates and raised its 2022 forecast on Thursday, as higher prices helped counter the impact of a workers' strike at the company's U.S. plants which led to...
May 05, 2022
Royal Caribbean misses revenue estimates as Omicron, Ukraine crisis hamper demand
(Reuters) -Royal Caribbean Group on Thursday missed Wall Street estimates for quarterly revenue, as a resurgence in COVID-19 infections in some parts of the world and Russia's invasion of Ukraine hamp...
May 05, 2022
What does Musk want with Twitter? Check out his tweets for clues
(Reuters) - Elon Musk has secured $7.14 billion in funding from a group of investors that includes Oracle Corp co-founder Larry Ellison and Sequoia Capital to fund his $44 billion takeover of Twitter ...
May 05, 2022
Chipmaker MaxLinear to buy Silicon Motion Technology in $3.8 billion deal
(Reuters) -Chipmaker MaxLinear Inc said on Thursday it will buy Taiwan-based Silicon Motion Technology for $3.8 billion in a cash-and-stock deal. The offer price of $114.34 per share is at a 41% premi...
May 05, 2022
NYSE-owner ICE profit rises on high trading volume
(Reuters) -New York Stock Exchange-owner Intercontinental Exchange posted a rise in first-quarter profit on Thursday, driven by higher trading volumes in several asset classes as interest hike expecta...
May 05, 2022
HSBC expects euro-dollar parity by Q4 2022
LONDON (Reuters) - HSBC on Thursday sharply cut its forecast for the euro and said it expects the single currency to weaken to parity against the U.S. dollar this year, the first major investment bank...
May 05, 2022
European banks weather Ukraine war in Q1 earnings
LONDON (Reuters) - European banks counted the rising cost of war in Ukraine on Thursday as France's Societe Generale, Credit Agricole and Italy's UniCredit upped provisions for the conflict without sh...
May 05, 2022
Major aircraft lessor SMBC warns airlines of growing costs
By Tim Hepher DUBLIN (Reuters) -Airlines face a slew of growing costs in the coming year including higher insurance, fuel, labour and lease rates, the chief executive of major aircraft lessor SMBC Avi...
May 05, 2022
Futures slip after Fed-driven rally on Wall Street
(Reuters) - U.S. stock index futures slipped on Thursday, a day after the Federal Reserve's less aggressive tone sparked a rally on Wall Street, with investors awaiting jobs data this week for more cl...
May 05, 2022
Volkswagen to invest 10 billion euros to make electric vehicles in Spain
SAGUNTO, Spain (Reuters) - German car maker Volkswagen AG plans to invest 10 billion euros ($10.59 billion) to make electric vehicles and batteries in Spain, its Chief Executive Herbert Diess said on ...
May 05, 2022
Peoria, IL, USA
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