By Chiara Elisei LONDON (Reuters) – Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in the second half of the year, a report by[...]
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July 27, 2023
Kraft Heinz defeats lawsuit over mac & cheese preparation time
By Jonathan Stempel (Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of[...]
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Analysis-White-collar wage cuts in China fuel deflation risks, hurt consumption
By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make[...]
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Intel turns unexpected profit, higher forecast as PC market slide slows
By Max A. Cherney, Chavi Mehta and Stephen Nellis (Reuters) -Chipmaker Intel on Thursday posted a surprise quarterly profit as a PC market slump started to ease, and forecast third-quarter earnings ab[...]
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American Airlines pilots reach deal to match gains at rival United
By Rajesh Kumar Singh CHICAGO (Reuters) -American Airlines’ pilots union on Thursday said it has reached an agreement in principle with the company on enhancements to a new labor contract that w[...]
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Cadbury-maker Mondelez raises annual forecasts boosted by strong demand
(Reuters) -Mondelez International on Thursday raised its full-year growth forecasts for the second time this year, helped by robust demand for the Oreo maker’s snacks and chocolates despite seve[...]
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Wall Street closes down, Dow snaps longest winning streak since 1987
By Carolina Mandl and Herbert Lash (Reuters) – U.S. stocks ended lower on Thursday after news that the Bank of Japan will allow long-term interest rates to rise sent U.S. yields higher, snapping[...]
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Roku shares surge as better ad spending powers upbeat revenue forecast
(Reuters) -Roku forecast upbeat third-quarter revenue and posted market-beating results for the second quarter on improved ad sales, sending the shares of the streaming device maker up 9% after the be[...]
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Ford slows EV ramp as Q2 commercial vehicle profit booms
By Joseph White, Paul Lienert and Nathan Gomes (Reuters) -Ford Motor Chief Executive Jim Farley on Thursday outlined a significant change in the automaker’s product strategy, slowing the ramp-up[...]
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