By Nupur Anand NEW YORK (Reuters) – Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less t[...]
Read more
December 5, 2023
Ford commercial unit, Xcel Energy partner up to install 30,000 EV charging ports
(Reuters) – Ford’s commercial unit will collaborate with utility firm Xcel Energy to install 30,000 electric vehicle (EV) charging ports across the U.S. by 2030, the companies said on Tues[...]
Read more
China Evergrande gets court notice regarding unit’s recovery claim
(Reuters) – China Evergrande Group said on Tuesday it received notices from court of Guangdong Province in China in relation to a claim by its unit, Jinbi Property Management Company, for the re[...]
Read more
Mexican airline Volaris reaches accord with P&W on GTF motor inspections
MEXICO CITY (Reuters) – Mexican airline Volaris said on Tuesday it had reached an agreement with Pratt & Whitney on compensation for each GTF motor pulled from its fleet for inspections. The[...]
Read more
WeWork rival IWG resumes dividends, eyes $1 billion in medium-term profit
(Reuters) – Office rental firm IWG said on Tuesday it will resume regular dividend payouts and set a medium-term core profit target of $1 billion, betting on permanent hybrid work models and imp[...]
Read more
Zegna targets over 10% yearly sales growth after Tom Ford deal
MILAN (Reuters) – Ermenegildo Zegna aims to grow its sales by more than 10% a year on average over the medium term, with profits rising twice as fast, after it bought U.S. brand Tom Ford Fashion[...]
Read more
Jif parent JM Smucker tops profit expectations on easing costs, higher prices
(Reuters) – J.M. Smucker, which owns Jif peanut butter and Dunkin’ pre-made coffee, beat second-quarter profit expectations on Tuesday, helped by higher product pricing and easing input co[...]
Read more
BNP Paribas wins Austria settlement services deal with Goldman Sachs
PARIS (Reuters) – France’s largest bank BNP Paribas said on Tuesday it had won a deal with Goldman Sachs, the largest trading member on the Vienna stock exchange by market share, to provid[...]
Read more
AutoZone first-quarter profit rises 10% on strong parts demand
(Reuters) – Automotive parts retailer AutoZone on Tuesday posted a better-than-expected 10% rise in quarterly profit as demand for its Do-It-Yourself (DIY) kits benefited from more people mainta[...]
Read more