NEW YORK (Reuters) – Goldman Sachs Group Inc has named Benny Adler to lead the bank’s trading efforts on public capital market deals in the Americas, according to an internal memo seen by[...]
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February 8, 2023
Mamma mia! Pizza got 16% more expensive in the EU last year
(Reuters) – The cost of store-bought pizza and quiche in the European Union grew in December by 16% from a year earlier, the bloc’s statistics agency Eurostat said on Wednesday. As food lo[...]
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Under Armour boosts profit forecast as discounts spur demand
(Reuters) -Under Armour Inc raised its annual profit forecast on Wednesday, sending shares up 8% premarket, after quarterly results got a boost from resilient consumer spending and deep discounts that[...]
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Big Oil doubles profits in blockbuster 2022
By Ron Bousso LONDON (Reuters) – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia’s invasion of Ukr[...]
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Analysis-Brazil central bank autonomy becomes political punching bag for Lula
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Brazil’s central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching b[...]
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Central banks bought the most gold on record last year, WGC says
(This Jan. 31 story has been officially corrected to say that 2022 central bank gold demand was the highest in records since 1950, not since 1967) LONDON (Reuters) – Central banks added a whoppi[...]
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Michael Kors owner Capri cuts annual sales forecast, shares plunge 17%
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its full-year sales and profit forecasts on Wednesday, hurt by a surge in COVID-19 infections in China, as well as a slowdown in demand for luxury[...]
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CVS Health beats quarterly profit estimates on lower medical costs
(Reuters) – CVS Health beat quarterly profit estimates on Wednesday, as a decline in hospitalizations from COVID-19 helped bring down medical costs at its Aetna insurance business. The company p[...]
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Bed Bath & Beyond’s roller-coaster ride to potential bankruptcy
(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the las[...]
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