NEW YORK (Reuters) – Despite recent optimism around the U.S. economy, a recession remains a more likely scenario than a so-called “soft landing” as the Federal Reserve seeks to curb[...]
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September 6, 2023
Lockheed Martin trims F-35 jet delivery outlook after supplier delays
By Nathan Gomes (Reuters) -U.S. weapons maker Lockheed Martin cut its full-year delivery forecast for F-35 jets as delays at supplier L3Harris Technologies held up development of an upgraded version o[...]
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American Eagle Outfitters lifts revenue forecast on steady demand
By Granth Vanaik (Reuters) -American Eagle Outfitters on Wednesday joined rival Abercrombie & Fitch in raising its annual revenue forecast, betting on steady demand for its wide-legged pants, tops[...]
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Oil settles up on expectations of U.S. crude draws and tight supply
By Laura Sanicola NEW YORK (Reuters) -Oil prices settled higher on Wednesday, reversing early declines as traders anticipated further draws on U.S. crude oil inventory following extended production cu[...]
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BlackRock voted against Glencore’s climate progress report
LONDON (Reuters) – Major Glencore shareholder BlackRock Inc was among investors to reject the mining giant’s climate progress report at its annual meeting in May, citing inconsistencies, a[...]
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U.S. airlines flag high fuel costs, Southwest’s August bookings disappoint
By Mehr Bedi (Reuters) -Southwest Airlines on Wednesday flagged softer August leisure bookings and joined two other U.S. airlines in warning of higher fuel costs in the third quarter due to a jump in[...]
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Party City set to exit bankruptcy with $1 billion debt reduction
By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco’s Chapter 11 bankruptcy plan, which will cancel about $1 billion in company debt and turn all of its[...]
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Nestle buys Brazil chocolate maker Kopenhagen -reports
SAO PAULO (Reuters) -Nestle has agreed to acquire Brazilian chocolate brand Kopenhagen, local media reported on Wednesday, citing people familiar with the matter. Website Brazil Journal said Nestle wi[...]
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Big Tech’s core businesses face overhaul under EU tech rules
By Supantha Mukherjee and Martin Coulter (Reuters) -The European Union has picked out 22 so-called “gatekeeper” services, run by six of the biggest tech companies in the world, to face new[...]
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