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By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Stellantis pledged on Thursday to take steps to address problems in North American and elsewhere, including cutting output and prices, after the world’s No. 4 carmaker delivered worse-than-expected first-half results, sending its shares down 10%. “The company’s performance in the first half of 2024 fell short of …

Stellantis plans output, price cuts after weak H1 results Read More »

By Byron Kaye and Rishav Chatterjee (Reuters) -Australian bank ANZ said it has fired or suspended traders from its markets business over allegations of inappropriate behaviour and warned an investigation into the unit may have consequences on staff all the way up to the CEO. The update on Thursday shows Australia’s fourth-largest lender getting on …

Australia’s ANZ fires staff amid multiple dealing room investigation Read More »

(Reuters) -Walt Disney’s ESPN, Comcast-owned NBCUniversal and Amazon.com have clinched the rights to carry National Basketball Association games in an 11-year deal valued at $77 billion, the league said on Wednesday. The NBA said it rejected a last-minute offer from Warner Bros Discovery’s TNT Sports division, ending a four-decade relationship with the media company after …

NBA signs broadcasting deal with Disney, Amazon, Comcast worth $77 billion Read More »

By Allison Lampert FARNBOROUGH, England (Reuters) – Textron is close to acquiring the fuselage-making program for its V-280 military aircraft from Spirit AeroSystems, according to a source familiar with the matter, in the latest carve-out from Boeing’s recent deal to acquire the Kansas-based supplier. Boeing announced this month it would buy the world’s largest standalone …

Textron close to buying Spirit Aero fuselage program for V-280 military aircraft, source says Read More »

(Reuters) -Newmont Corp beat Wall Street estimates for second-quarter profit on Wednesday, as the world’s biggest gold miner benefited from robust production and higher prices. The company also said it would sell the entity holding its deferred payment rights linked to the Batu Hijau mine in Indonesia for about $153 million. Newmont, which completed its …

Newmont beats profit estimates on higher gold production Read More »

(Reuters) – Ameriprise Financial posted a 9% jump in second-quarter adjusted profit on Wednesday as rising client asset values boosted the financial adviser’s fee-based income. Hopes of a soft landing for the U.S. economy and investor euphoria over artificial intelligence have lifted stock markets to record highs this year. Ameriprise’s assets under management and administration …

Ameriprise Financial’s profit jumps on fee income strength Read More »

(Reuters) – Equipment rental firm United Rentals posted a 7.6% rise in second-quarter profit on Wednesday, backed by robust demand for industrial tools and higher rental rates. Industrial equipment demand from commercial construction firms, warehouses and manufacturers was strong during the quarter as government spending boosted infrastructure and on-shoring activities. The Stamford, Connecticut-based company posted …

United Rentals posts higher second-quarter profit on equipment demand Read More »

MEXICO CITY (Reuters) -Walmart’s Mexico and Central America unit posted a 9.3% year-on-year climb in its second-quarter net profit on Wednesday, as its sales and in-store traffic grew. Net profit reached 12.51 billion pesos ($684.12 million), from revenues up 6.4% to 225.75 billion pesos, the company said in a statement. Same-store sales in the quarter …

Walmart in Mexico posts Q2 profit boost as sales climb Read More »