By David Shepardson WASHINGTON (Reuters) -Families for some of the 346 people killed in two fatal Boeing 737 MAX crashes said on Wednesday a U.S. judge should reject the planemaker’s proposed plea deal with the Justice Department and the government should seek a much higher fine. On July 24, the planemaker finalized an agreement to …
Boeing 737 MAX crash families say planemaker should face much higher fine Read More »
(Reuters) -Corteva cut its annual sales and operating earnings forecasts on Wednesday as the U.S. agrichemicals maker faces declining prices at its crop protection unit, sending its shares down 5.7% in trading after the bell. A decline in crop prices has forced farmers to rein in on spending, hurting demand for pesticides and insecticides. “While …
Corteva trims 2024 forecasts on pricing pressure in crop protection Read More »
CHICAGO (Reuters) – U.S. legacy carriers United Airlines and Delta Air said on Wednesday they will suspend their flights to Tel Aviv, Israel due to security concerns. “We continue to closely monitor the situation and will make decisions on resuming service with a focus on the safety of our customers and crews,” United Airlines said. …
US carriers Delta and United to suspend flights to Tel Aviv Read More »
By Ernest Scheyder (Reuters) – Albemarle, the world’s largest lithium producer, said on Wednesday it would slash costs for the second time this year and that everything but its dividend could be on the chopping block. The aggressive move was caused by tumbling prices for the metal used to make electric vehicle batteries after the …
Tumbling lithium prices push Albemarle to fresh round of cost cuts Read More »
(Reuters) – Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on strong demand for high-end Android devices and the need for more chips in smartphones that are getting AI upgrades. Shares of the San Diego, California-based chipmaker rose more than 5% in extended trading, adding to year-to-date gains of over 24% as …
Chipmaker Qualcomm forecasts upbeat revenue on smartphone strength, AI boost Read More »
(Reuters) – (Reuters is withdrawing this story pending further investigation about the legitimacy of the bid. More reporting will follow.) July 31 (Reuters) – STORY_NUMBER: L4N3JN201 STORY_DATE: 31/07/2024 STORY_TIME: 1738 GMT
By Rajesh Kumar Singh CHICAGO (Reuters) – Demand for high-end travel is booming, and U.S. carriers are in a rush to seize on it. Airlines are adding more comfortable and bigger seats on their planes to attract customers willing to pay more for a better travel experience. Some airlines known for low-fare models like Southwest, …
(Reuters) -Carvana forecast annual core profit above analysts’ expectations on Wednesday, driven by strong demand for its used vehicles and improved inventory management, which helped the used-car retailer protect its margins. Shares of the company were up 11% in aftermarket trading. During the pandemic, used car retailers such as Carvana increased their vehicle inventory, often …
Carvana forecasts 2024 core profit above Wall Street expectations Read More »
By Noel Randewich (Reuters) -Nvidia added about $330 billion in stock market value on Wednesday, a record one-day gain for any company on Wall Street after Microsoft and Advanced Micro Devices reignited the AI rally. Nvidia surged nearly 13% on expectations its top-of-the-line processors will remain in tight demand after Microsoft late on Tuesday reported …
Nvidia shares surge 13%, lift market value a record $330 billion Read More »
(Reuters) -American International Group reported a smaller-than-expected rise in second-quarter profit on Wednesday, hurt by lower underwriting income in its general insurance unit tied to divestitures and higher catastrophe losses. Adjusted after-tax income attributable to common shareholders climbed to $1.16 per share from $1.06 a year earlier. Analysts on average had expected $1.30 per share, …
AIG reports smaller-than-expected rise in profit Read More »
