(Reuters) – Walgreens Boots Alliance has sold some AmerisourceBergen Corp’s shares for proceeds of about $1.85 billion, the U.S. drugstore chain said on Thursday, further cutting its owner[...]
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August 3, 2023
Dorsey-led Block raises 2023 earnings outlook after Q2 beats estimates
By Nupur Anand NEW YORK (Reuters) – Block Inc reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic ba[...]
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GM criticizes autoworkers union’s contract demands
By David Shepardson WASHINGTON (Reuters) -General Motors (GM) on Thursday said it expected to offer unionized workers higher wages, but granting the United Auto Workers’ (UAW) ambitious contract[...]
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MP Materials profit beats, starts some rare earths refining
(Reuters) -Rare earths miner MP Materials posted a better-than-expected quarterly profit on Thursday and said it has started refining small amounts of the strategic metals in California. Rare earths a[...]
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Venezuela’s bolivar weakens against the U.S. dollar as inflation rages
CARACAS (Reuters) – The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffer[...]
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Subpoenas possible for BlackRock, MSCI over China investments -US House panel chair
By Michael Martina and Patricia Zengerle WASHINGTON (Reuters) -The chairman of a U.S. congressional committee on China held out the possibility on Thursday of subpoenas for executives from asset manag[...]
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Banks keep up high use of new Fed lending program after spring turmoil
By Ann Saphir (Reuters) – Months after a string of bank failures sent shockwaves through the global banking industry, U.S. banks are still heavily using an emergency lending facility set up by t[...]
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Air Lease results beat estimates, expects more demand from Airbus delays
(Reuters) -Aircraft lessor Air Lease said on Thursday it expects more demand opportunities from potential delivery delays at Airbus due to Pratt & Whitney engine issues, which could further boost[...]
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Coinbase revenue beat estimates, executives expect to win battle with SEC
By Manya Saini and Sri Hari N S (Reuters) -Coinbase Global beat second-quarter revenue expectations on Thursday on higher interest income while its executives said the crypto exchange expects to win i[...]
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