Category Archives:
Chip crunch easing could weigh on pricing power, Tavares says
MILAN (Reuters) - A slow but steady improvement in the chip supply situation over the next year will eventually limit automakers' pricing power that has been boosting earnings across the industry in r...
Jul 28, 2022
Comcast revenue tops estimates as streaming and broadband subscriber growth remain flat
By Richard Francis and Helen Coster (Reuters) - Comcast Corp's second quarter revenue beat Wall Street estimates on Thursday, lifted by the NBCUniversal media business and a continued recovery in them...
Jul 28, 2022
Hershey raises profit, sales growth forecasts on price hikes
(Reuters) - Hershey Co on Thursday raised its annual adjusted profit and sales growth forecast, as the Kit Kat maker expects to benefit from price hikes for its chocolates and candies. Packaged food m...
Jul 28, 2022
Pfizer profit surges, reaffirms sales forecast for COVID-19 products
(Reuters) -Pfizer Inc on Thursday reported a 78% jump in profit and reaffirmed the combined 2022 sales forecast of $54 billion for its COVID-19 vaccine and pill, as countries rushed to sign contracts ...
Jul 28, 2022
H&M to sell Russian business to local or foreign company – ministry
MOSCOW (Reuters) - H&M, the world's second-biggest fashion retailer, has decided to sell its assets in Russia, the Russian Ministry of Industry and Trade said on Thursday. The potential buyer could be...
Jul 28, 2022
Switzerland, China launch Swiss leg of joint platform for cross-listings
ZURICH (Reuters) - Switzerland and China on Thursday launched the Swiss leg of a joint platform for stock listings and trading, part of a project launched in 2019 by Swiss exchange SIX and the Shangha...
Jul 28, 2022
Drinkers, smokers seek respite from gloom by trading up
By Richa Naidu LONDON (Reuters) - Soaring inflation has made life harder for most of the world - but some people are still smoking expensive cigarettes and doing shots of fancy tequila. From British A...
Jul 28, 2022
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
Peoria, IL, USA
67 °F Light Rain, Mist
