(Reuters) – Ford Motor said late on Wednesday it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike, bringing the total to 2,730 workers furloughed.[...]
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October 19, 2023
Exclusive-Aviation war insurers cancel some cover for Israel, Lebanon-sources
By Carolyn Cohn, Noor Zainab Hussain and Steven Scheer LONDON (Reuters) – Aviation war insurers have given notice to cancel cover for some airlines domiciled in Israel and Lebanon because of the[...]
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Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread
By Abhirup Roy and Ben Klayman SAN FRANCISCO (Reuters) -Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle (EV) production capacity, citing economic u[...]
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AT&T lifts free cash flow target as subscriber additions top estimates
By Samrhitha A (Reuters) -U.S. wireless carrier AT&T raised its annual free cash flow forecast on Thursday as promotions and phone upgrades boosted subscriber additions that trounced third-quarter[...]
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Heated tobacco uncertainty blights Philip Morris profit beat
By Juveria Tabassum and Emma Rumney (Reuters) -Philip Morris International (PMI) on Thursday lowered its full-year forecast for shipment volumes of its heated tobacco products, overshadowing an increa[...]
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US airline investors worry the travel boom may be ending
By Rajesh Kumar Singh CHICAGO (Reuters) -It should be the best of times for U.S. airlines with a travel boom still going strong, but investors are nervous demand may soften as the economy falters, mak[...]
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Analysis-Wall Street’s ‘Magnificent Seven’ face moment of truth as earnings season arrives
By Lewis Krauskopf NEW YORK (Reuters) – High noon is approaching for the market’s biggest stocks, as pressure grows on richly valued technology and growth companies to deliver robust earni[...]
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Oil slips as Venezuela sanctions ease, Middle East in focus
By Ahmad Ghaddar LONDON (Reuters) -Oil prices fell about 1% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but fears that Israel’s military cam[...]
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Exclusive-G7 to discuss four versions of Russian diamond ban this week- sources
By Julia Payne BRUSSELS (Reuters) -G7 countries will this week discuss four plans to ban Russian diamonds from G7 markets from Jan. 1, from light-touch self-regulation to strict import measures, layin[...]
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