Collapses for the second time in three years 276 workers fired by administrators About 75,000 customers had future bookings Hurt by the delay in the delivery of planes Rivals see rebound in demand LONDON, Jan 28 (Reuters) – British regional airline Flybe ceased operations on Saturday for the second time in three years, with all … Read more
PCE: Inflation slows with consumer spending American Express and Visa climb higher on solid demand Chevron falls after missing earnings estimates Indices up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a turbulent week in which economic data and corporate earnings forecasts … Read more
Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the … Read more
MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani … Read more
Jan 26 (Reuters) – New data from a U.S. Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older people who have been updated Pfizer’s (PFE.N)/BioNTech’s (22UAy.DE) COVID-19 recall, but the signal is weaker than what the agency reported earlier in January, health officials said Thursday. U.S. Food … Read more
Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) heading into what he thinks is a “serious” recession: cutting costs on everything from parts to logistics, while maintaining pressure on competitors with reduced prices. . During a conference call to discuss Tesla’s fourth quarter results, Musk and other executives outlined plans to … Read more
Jan 25 (Reuters) – Tesla Inc’s (TSLA.O) aggressive price cuts have boosted demand for its electric vehicles, Chief Executive Elon Musk said on Wednesday, downplaying fears a weak economy could strangle the buyer interest. The company slightly beat Wall Street’s fourth-quarter revenue and profit targets earlier on Wednesday despite a sharp decline in vehicle profit … Read more
Jan 25 (Reuters) – IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset disposals and missed its annual cash target, dampening fourth-quarter revenue expectations . Chief Financial Officer James Kavanaugh told Reuters the company was still “committed to hiring for customer-facing research and development.” The layoffs — related to the spin-off … Read more
AT&T wins on subscriber additions General Dynamics slips after weak outlook Tesla and IBM release results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 closed nominally lower on Wednesday as a streak of corporate earnings stretched from bearish to dismal, reigniting concerns over … Read more
Jan 24 (Reuters) – Rupert Murdoch on Tuesday withdrew his proposal to bring together News Corp (NWSA.O) and Fox Corp as the company also plans to sell Move Inc, which operates the Realtor.com website, to the CoStar Group, according to to a regulatory filing and to sources familiar with the process. Three sources familiar with … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZNWSVA5S2VJWPE5PXP4TYK3WUE.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/M6XTAZRYIJOBZDKLLGT7LNY7RI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JGA2APXVERMRXCUU6WQRHB57JE.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5RCPGPMXWVJZLPNNKC6LBHIJ7A.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/P7FL64UD7FJBHGPWJGD6ST7BU4.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/MN5BMKPZJNKDRL77MGWPKV7OUI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/2HE7V5ABABNWPP6NRV4FTHX24I.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TUAIZHXW2FJZNPWCWUMZXNFFKY.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/6BNRVUXZAJONDEHOS24SD56VXM.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BK2ABGAXP5MGVPCGNYRJBWGF7M.jpg?ssl=1)