By Lisa Pauline Mattackal, Purvi Agarwal and Carolina Mandl (Reuters) -The Nasdaq and the S&P 500 gained on Thursday, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results. Shares of Tesla soared 21.9%, with the EV-maker set to …
Nasdaq, S&P end higher as Tesla jumps, yields pull back Read More »
(Reuters) -Deckers Outdoor beat Wall Street estimates for second-quarter results and raised its annual sales forecast on Thursday, on the back of strong demand for its brands UGG boots and Hoka running shoes. The company’s shares surged nearly 10% after the bell, set to add to the about 35% gain so far this year. The …
Deckers Outdoors raises annual sales forecast on strong demand for Hoka shoes Read More »
By Cassandra Garrison and Kylie Madry MEXICO CITY (Reuters) -Televisa’s executive chairman, Emilio Azcarraga, is taking “administrative leave” pending the results of a U.S. Department of Justice investigation into the company’s dealings with FIFA soccer officials, the Mexican broadcaster said on Thursday. Azcarraga’s leave will be effective immediately, Grupo Televisa said in its third-quarter results. …
Televisa chairman taking leave amid FIFA bribery probe Read More »
(Reuters) -Australia’s flag carrier Qantas Airways said on Friday it does not expect an impact on customers from a strike planned by some of its engineering work groups ahead of the annual general meeting scheduled for later in the day. The Qantas Engineers’ Alliance — comprising the Australian Manufacturing Workers’ Union (AMWU), The Australian Workers’ …
Australia’s Qantas says engineer strike not expected to impact customers Read More »
By David Shepardson WASHINGTON (Reuters) – The White House said on Thursday it was encouraging Boeing and the union representing about 33,000 striking machinists to continue working to reach a deal, a day after workers rejected the planemaker’s latest contract offer. President Joe Biden “directed his team … to encourage parties to continue working to …
White House urges Boeing, striking union to work to reach deal Read More »
By Diana Novak Jones (Reuters) -A Colorado man has filed what appears to be the first lawsuit against McDonald’s over an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others. The lawsuit, filed in Circuit Court in Cook County, Illinois, on Wednesday, alleges that Eric Stelly …
McDonald’s sued by Colorado man sickened in E. coli outbreak Read More »
(Reuters) – Capital One reported a 1.6% increase in third-quarter profit on Thursday, as elevated interest rates enabled the consumer lender to earn more from customers repaying credit card debt. The company has been shielded from the broader industry-wide weakness in interest income in recent quarters, as rates on credit card debt are significantly higher …
Consumer lender Capital One’s Q3 profit rises as high interest rates boost income Read More »
By Jaiveer Shekhawat and Niket Nishant (Reuters) -Morgan Stanley said on Thursday CEO Ted Pick would be its next chair succeeding James Gorman, who has been tapped to head the board at Walt Disney after he steps down as executive chair of the Wall Street titan at the end of the year. Gorman will also …
Morgan Stanley board names CEO Ted Pick its chair Read More »
(This Oct. 23 story has been corrected to clarify that Spirit did receive $425 million cash from Boeing, and that the amount was increased and partly repaid, in paragraph 3 and in a bullet point) (Reuters) – Spirit AeroSystems posted deeper quarterly losses on Wednesday and said it was burning through dwindling cash reserves, as …
Spirit Aero losses deepen, burns cash as Boeing strike bites Read More »
By Nupur Anand WASHINGTON (Reuters) -Wells Fargo Chief Executive Officer Charlie Scharf said on Thursday that the U.S. lender may lose $2 billion to $3 billion on its commercial real estate office loan portfolio. “We’ve reserved for all of it, so the balance sheet is de-risked, but it’s going to play out over three, four …
Wells Fargo may lose up to $3 billion on its office building loans Read More »
