By Laila Kearney NEW YORK (Reuters) -Oil fell by nearly 2% on Monday after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket[...]
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July 29, 2024
Wells Fargo must face lawsuit over sham job interviews
By Jonathan Stempel (Reuters) – A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham[...]
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McDonald’s sales fall globally for first time in more than three years
By Savyata Mishra (Reuters) -McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items,[...]
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Analysis-Southwest Airlines to end its brand-defining open-seating policy. Will it work?
By Rajesh Kumar Singh CHICAGO (Reuters) – Southwest Airlines’ plan to eliminate open seating is one way for the company to raise much-needed revenue, but it comes with the risk of alienati[...]
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Sacyr hires Santander and Deutsche Bank as advisers to find partner
MADRID (Reuters) – Spanish construction firm Sacyr hired Santander and Deutsche Bank as financial advisers to find a partner for new unit Voreantis as a way to raise cash and better compete with[...]
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Tesla jumps on replacing Ford as Morgan Stanley’s ‘top pick’ in US auto sector
(Reuters) -Tesla shares jumped nearly 6.3% on Monday after Morgan Stanley named the most valuable automaker its “top pick” in the U.S. automotive industry, replacing Ford. The brokerage sa[...]
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Armani posts ‘single digit’ sales drop in first half
MILAN (Reuters) – Italian fashion house Giorgio Armani managed to keep its operating profit steady last year and grow net sales by 6% at constant currencies, despite a ‘single-digit’[...]
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Airbus to restructure Space Systems as consolidation talks continue
By Tim Hepher PARIS (Reuters) -Airbus is drawing up a turnaround plan for its struggling Space Systems business, industry sources said, without waiting for the outcome of European consolidation talks[...]
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Trump effect in clean tech sector deepens angst in Europe’s boardrooms
By Christoph Steitz and Greta Rosen Fondahn FRANKFURT/GDANSK (Reuters) – European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of U.S[...]
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