By Jaspreet Singh (Reuters) -Bumble slashed its annual revenue growth forecast on Wednesday, stoking worries about the dating app operator’s growth plans among investors, sending its shares down[...]
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August 7, 2024
Toyota cuts 2024 global vehicle output forecast by 5%, Chubu Keizai newspaper reports
TOKYO (Reuters) – Toyota Motor has downgraded its global vehicle production plan for the calendar year 2024 by about 5% due to output suspension at domestic factories, Chubu Keizai newspaper rep[...]
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Boeing unauthorized 737 work issue should have been caught years earlier, NTSB says
By David Shepardson WASHINGTON (Reuters) -The head of the National Transportation Safety Board said on Wednesday the Alaska Airlines Boeing 737 MAX 9 mid-air emergency was entirely avoidable because t[...]
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LATAM Brazil chief says airline could add smaller Embraer, Airbus planes
SAO PAULO (Reuters) – LATAM Airlines is weighing the possibility of adding smaller aircraft to its fleet such as Embraer’s E2 and Airbus’ A220, the firm’s Brazil head said on W[...]
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Nasdaq ends down 1% as tech shares fall; Treasury auction weak
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended lower on Wednesday, with the Nasdaq falling 1% as technology shares declined and weak demand in a 10-year Treasury auction stoked investo[...]
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Lender Banco do Brasil posts 8% rise in second-quarter adjusted profit
SAO PAULO (Reuters) – State-controlled lender Banco do Brasil reported on Wednesday 8.2% year-on-year growth in its second-quarter adjusted net profit. The bank posted adjusted net profit of 9.5[...]
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Warner Bros Discovery writes down TV assets by $9 billion amid uncertainty over fees, sports rights renewals
By Harshita Mary Varghese and Akash Sriram (Reuters) -Warner Bros Discovery said on Wednesday it wrote down the value of its TV assets due to the uncertainty of fees from cable and satellite distribut[...]
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Monster Beverage misses quarterly sales estimates as economic fears slow demand
(Refiles to add media packaging code) (Reuters) -Monster Beverage missed market expectations for second-quarter sales on Wednesday as budget-conscious consumers kept a tight lid on spending, hurting d[...]
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Walgreens explores options for VillageMD business
(Reuters) -Walgreens Boots Alliance said on Wednesday it was exploring options for VillageMD, including a sale, citing the primary-care provider’s substantial cash needs. VillageMD, a core part[...]
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