(Reuters) -Kraft Heinz missed quarterly sales estimates on Wednesday as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher product prices. Shares of the Jell-O m[...]
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August 2, 2023
Emerson raises fiscal 2023 forecast on demand for industrial automation
(Reuters) – U.S. engineering and industrial software firm Emerson on Wednesday raised its fiscal 2023 forecast, as companies increase spending on automation in response to a tight labor market.[...]
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Toyota revamps iconic Land Cruiser with hybrid version
TOKYO (Reuters) – Toyota on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a high-margin and iconic[...]
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Hong Kong cuts China-risk section in listing rules, but says scrutiny unchanged
By Selena Li and Kane Wu HONG KONG (Reuters) -Hong Kong stock exchange has removed a China-risk section for mainland-incorporated companies in its listing application rules with effect from Tuesday, w[...]
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Central Europe’s arms makers scramble for workers as Ukraine boosts business
By Michael Kahn, Robert Muller and Karol Badohal PRAGUE/WARSAW (Reuters) – From building apartments for new employees to offering retired workers free canteen meals to share their expertise, Cen[...]
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Carlyle reports lower than expected 26% slump in Q2 earnings
By Chibuike Oguh NEW YORK (Reuters) – Private equity firm Carlyle Group Inc reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year due to a slump in asset sal[...]
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Marketmind: Triple-A headache
A look at the day ahead in U.S. and global markets from Amanda Cooper. Two out of three ain’t so good. On Tuesday, Fitch became the second major agency, after Standard & Poor’s in 2011[...]
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Factbox-The complexity of transforming rare earths from mine to magnet
(Reuters) – MP Materials and other Western companies are seeking to develop supplies of processed rare earths needed for the green energy revolution in a sector dominated by China. The 17 silver[...]
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Apple heads for largest Q3 revenue drop since 2016 as iPhone sales slow
By Yuvraj Malik (Reuters) -Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to deta[...]
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