By Lisa Baertlein and Shivansh Tiwary (Reuters) -United Parcel Service Inc on Tuesday said it would shelter 2023 profits from expected revenue declines as decades-high inflation, rising interest rates[...]
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January 31, 2023
Investors cheer after UniCredit lifts payout goal by 40%
By Valentina Za MILAN (Reuters) – UniCredit on Tuesday galvanised investors by pledging to return 5.25 billion euros ($5.69 billion) from its 2022 earnings after posting a record quarterly profi[...]
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Stellantis focused on ethanol hybrid vehicles in South America, executive says
SAO PAULO (Reuters) -Stellantis NV expects to have in place by the end of this year the technologies needed for it to develop ethanol hybrid vehicles in Brazil, the head of the carmaker in South Ameri[...]
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Volkswagen considering battery cell factory in Ontario -Handelsblatt
BERLIN (Reuters) -Volkswagen is looking at setting up a battery cell factory in Ontario, Germany’s Handelsblatt business daily reported on Tuesday, adding the Canadian province had offered inves[...]
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McDonald’s sales, profit top estimates as inflation persists
By Hilary Russ and Ananya Mariam Rajesh (Reuters) -Higher menu prices and customer visits boosted McDonald’s Corp quarterly profit and sales above Wall Street estimates on Tuesday, but shares fe[...]
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Airbus and Qatar edge towards agreement in A350 dispute – sources
By Tim Hepher and Michel Rose PARIS (Reuters) – Airbus and Qatar Airways are edging towards an agreement to settle a bitter dispute over grounded A350 jets, two people familiar with the matter s[...]
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Unilever turns to former Heinz exec to steer new course
By Richa Naidu LONDON (Reuters) -Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and st[...]
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Vodafone’s interim CEO faces first public test as calls for change grow
By Paul Sandle and Emilio Parodi LONDON/MILAN, Italy (Reuters) – Vodafone shareholders will look for two things from interim CEO Margherita Della Valle at her first results presentation on Wedne[...]
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GM shoves aside recession fears with robust 2023 forecast
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected[...]
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