By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India’s No[...]
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June 27, 2024
US core capital goods orders fall sharply in May
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly fell in May, suggesting that business spending on equipment weakened in the second quarter as borrowing cos[...]
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H&M to offer more discounts as it battles to revive sales
By Marie Mannes STOCKHOLM (Reuters) – H&M plans to offer more discounted fashions in the second half of this year as it tries to win back customers from the likes of Zara owner Inditex and S[...]
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Canada’s WestJet to cancel flights again after second strike notice
(Reuters) -Canada’s WestJet Airlines has begun cancelling flights again after a union representing its maintenance engineers rejected a new pay offer and served a second strike notice, the carri[...]
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Spice maker McCormick beats quarterly results on strong EMEA business
(Reuters) – McCormick beat market expectations for second-quarter profit and sales on Thursday, led by strong demand for its spices and seasonings in Europe, Middle East and Africa. Customers gr[...]
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Factbox-US energy sector deals accelerate in quest for reserves
(Reuters) – The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their[...]
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H&M slumps on doubts over margin target and June sale drop
By Marie Mannes STOCKHOLM (Reuters) -H&M cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shar[...]
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Webtoon Entertainment prices US IPO at top of range to raise about $315 million
(Reuters) – Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesda[...]
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GSK shares slide after US health agency narrows scope of RSV shots
By Yadarisa Shabong and Maggie Fick (Reuters) -GSK’s shares fell as much as 7% on Thursday, a day after a U.S. public health agency narrowed its age recommendation for use of respiratory syncyti[...]
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