(Reuters) – International Business Machines has agreed to sell its weather business to private equity firm Francisco Partners for an undisclosed sum, the technology services giant said on Tuesda[...]
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August 22, 2023
3M names Bryan Hanson as CEO of its health care business
(Reuters) -3M Co said on Tuesday that Bryan Hanson would be the chief executive officer of the healthcare company it plans to spin off. 3M last year disclosed plans to spin off its healthcare business[...]
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US airline pilots fight their unions to increase retirement age
By Rajesh Kumar Singh and Allison Lampert (Reuters) – Bo Ellis has been a devoted member of the Air Line Pilots Association (ALPA) for nearly four decades, but the 64-year-old is waging a campai[...]
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Coty’s downbeat annual profit forecast overshadows quarterly revenue beat
By Juveria Tabassum and Ananya Mariam Rajesh (Reuters) -CoverGirl parent Coty forecast annual profit below Wall Street expectations on Tuesday, signaling a hit from steeper input expenses in the first[...]
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American Airlines warns of higher third-quarter cost from new pilot contract
(Reuters) -American Airlines warned on Tuesday it was expecting higher costs in the third quarter following a new labor deal with its pilots that included more than $9.6 billion in total pay and benef[...]
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Pakistan rupee drops to record low as import restrictions ease
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee closed at a record low of 299 rupees against the dollar in the interbank market on Tuesday following an easing in import rest[...]
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Indonesia reviews plan to merge two state airlines – executive
JAKARTA (Reuters) – The Indonesian government is reviewing a plan to merge state-owned airlines Garuda Indonesia and Pelita Air, a unit of energy firm Pertamina, to ensure affordable airfares, a[...]
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Beijing Hyundai puts Chongqing plant up for sale
BEIJING (Reuters) – Beijing Hyundai Motor has put its Chongqing plant up for sale at a starting price of 3.68 billion yuan ($505 million), as the South Korean automaker rejigs its strategy in Ch[...]
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Food delivery startup Getir to cut 11% of workers in global restructuring
LONDON (Reuters) – Turkish grocery delivery firm Getir announced a global restructuring on Tuesday, saying it plans to cut 2,500 jobs across five countries, or 10.9% of its total workforce. Geti[...]
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