By Agata Rybska and Yadarisa Shabong (Reuters) -Nestle and Unilever may be raising prices more slowly but it has not been enough to win back some cost-conscious customers. The consumer goods giants bo[...]
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July 25, 2024
NYCB posts bigger loss than expected on exposure to office real estate
By Niket Nishant and Manya Saini (Reuters) -New York Community Bancorp reported second-quarter loss that was worse than Wall Street’s expectations on Thursday, as it set aside more money to cove[...]
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Royal Caribbean lifts profit forecast, reinstates dividend as cruise demand thrives
By Juveria Tabassum and Doyinsola Oladipo (Reuters) -Royal Caribbean Group raised its annual profit forecast on Thursday and said it would reinstate its dividend, with the company coming a full circle[...]
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Valero plans to run refineries at 92% of combined capacity in Q3 2024
By Erwin Seba HOUSTON (Reuters) – U.S. refiner Valero Energy Corp plans to operate its 14 refineries up to 92% of their combined 3.2 million barrel-per-day (bpd) total throughput capacity in the[...]
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Delta’s flight disruptions hit its premium brand image
By Rajesh Kumar Singh CHICAGO (Reuters) -Among the big U.S. carriers, Delta Air Lines has assiduously built a reputation as a premium airline, touting its punctual and reliable operations relative to[...]
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US fast-food chains’ bets on value meal set to face investor scrutiny
By Savyata Mishra and Juveria Tabassum (Reuters) – The performance of McDonald’s and other fast food chains’ value meal launches will be closely watched when the U.S. restaurants rep[...]
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RTX lifts 2024 profit forecast on strength in aviation sector
By Mike Stone and Pratyush Thakur (Reuters) -U.S. aerospace and defense company RTX raised its full-year earnings forecast and beat estimates for second-quarter profit on Thursday, aided by a rebound[...]
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The lower the AI exposure, the bigger the problem for Europe’s chip firms
By Olivier Sorgho and Nathan Vifflin (Reuters) – Shares in European semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial cl[...]
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GM co-leads $39 million funding for EV battery materials startup Addionics
By Nick Carey LONDON (Reuters) – Israeli battery technology company Addionics has raised $39 million from investors including General Motors’ venture capital arm to help commercialise its[...]
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