WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) on Friday said tractor maker Kubota North America Corp will pay a $2 million civil penalty for falsely labeling some of its replacement pa[...]
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January 26, 2024
Ferrari negotiated with Italy terms of enhanced voting rights scheme, sources say
By Giuseppe Fonte and Giulio Piovaccari ROME/MILAN (Reuters) – Ferrari held talks with the Italian government to amend measures in Rome’s capital markets bill that would help the luxury sp[...]
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AmEx forecasts upbeat 2024 profit as credit card spending stays resilient
By Sri Hari N S and Niket Nishant (Reuters) -American Express forecast a better-than-expected profit for 2024 on hopes that its affluent customers will be resilient with their spending even amid eleva[...]
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Cruise operator Carnival flags impact to operations amid Red Sea tensions
(Reuters) – Cruise operator Carnival on Friday joined the growing list of companies flagging a potential hit to their operations following attacks on ships in the Red Sea by the Iran-backed Hout[...]
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Elevator maker Kone says 2024 sales could rise slightly
By Elviira Luoma (Reuters) -Finnish elevator and escalator maker Kone forecast 2024 sales in line or slightly above last year’s level on Friday, after its fourth quarter orders beat expectations[...]
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Exclusive-Russia struggles to sell Pacific oil, 14 tankers stuck – sources, data
MOSCOW (Reuters) – • This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine More than a dozen tankers loaded with 10 million barrels of Ru[...]
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Traders keep bets the Fed’s rate cuts will start in May
By Ann Saphir (Reuters) – Inflation is cooling, but not quite quick enough to allow the U.S. central bank to deliver its first interest-rate reduction by March, with traders betting on Friday th[...]
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LVMH results prompt $70 billion buying spree in luxury shares
By Mimosa Spencer PARIS (Reuters) -Investors dived back into top luxury shares on Friday, adding some $70 billion to their market value as LVMH’s latest sales figures reassured investors about t[...]
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Norfolk Southern misses profit estimates, says it took $1.1 billion hit from derailment in 2023
(Reuters) – Norfolk Southern reported fourth-quarter profit below analysts’ estimates on Friday, hurt by lower revenue across the U.S. railroad operator’s merchandise, intermodal and[...]
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