LONDON (Reuters) – The United Nations food agency’s world price index fell in October to its lowest level in more than two years, driven by declines in sugar, cereals, vegetable oils and meat. The Food and Agriculture Organization’s price index, which tracks the most globally traded food commodities, averaged 120.6 points in October, down from …
By Steve Gorman (Reuters) -Three passengers who were aboard an Alaska Airlines jet when an off-duty pilot riding in the cockpit “jump seat” allegedly tried to disable the plane’s engines sued the Seattle-based carrier on Thursday, accusing it of breaching its duty to ensure flight safety. The lawsuit, which also names Horizon Air as a …
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By Luc Cohen, Jody Godoy NEW YORK (Reuters) -FTX founder Sam Bankman-Fried was found guilty on Thursday of stealing from customers of his now-bankrupt cryptocurrency exchange in one of the biggest financial frauds on record, a verdict that cemented the 31-year-old former billionaire’s fall from grace. A 12-member jury in Manhattan federal court convicted Bankman-Fried …
Ex-crypto mogul Sam Bankman-Fried convicted of multi-billion dollar FTX fraud Read More »
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up about 3% in extended trade. Monster, like industry leaders Coca-Cola and PepsiCo, has seen demand hold up largely for its beverages, despite a string of price increases. …
Monster Beverage edges past profit expectations on higher pricing, cooling costs Read More »
(Reuters) -U.S. shale oil producer EOG Resources on Thursday soared past Wall Street estimates for third-quarter profit and raised its annual production forecast amid resilient fuel demand. U.S. WTI crude prices climbed 9.4% on an average, sequentially, during the quarter as OPEC+ members Russia and Saudi Arabia extended output cuts, encouraging energy producing companies to …
EOG Resources beats quarterly profit estimates on strong production Read More »
By Niket Nishant (Reuters) -PayPal Holdings added nearly $4 billion to its market value after a pledge to turn “leaner” fired up investors, even as the payments giant disclosed a subpoena from the U.S. Securities and Exchange Commission tied to its stablecoin. The company’s shares closed nearly 7% higher at $55.06 on Thursday as a …
PayPal stock surges as pledge to turn “leaner” keeps crypto concerns at bay Read More »
By Nia Williams and Ismail Shakil OTTAWA (Reuters) – The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances. The order is the latest hold-up for the Canadian government-owned project, which …
Canada’s Trans Mountain ordered to stop pipeline work over environmental non-compliance Read More »
By Savyata Mishra (Reuters) -Cedar Fair and Six Flags Entertainment agreed on Thursday to merge to spur a post-COVID-19 pandemic recovery that U.S. amusement park operators have been chasing, as consumers have curbed spending due to an uncertain economic outlook. The tie-up will unite Cedar Fair’s properties, which have a license to use Peanuts characters …
Cedar Fair, Six Flags to merge in search of amusement park recovery Read More »
(Reuters) – Ticketmaster parent Live Nation Entertainment beat market estimates for third-quarter revenue on Thursday benefiting from high ticket prices and surging concert demand. Shares of the company rose 3.5% in extended trading. Heavy demand for music concerts from popular figures like Taylor Swift and Beyonce has driven up the prices of tickets, benefiting concert …
Ticketmaster parent Live Nation beats revenue estimates on surging concert demand Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Pioneer Natural Resources on Thursday said third quarter profit fell 26% on lower oil and gas prices, but in one of its final chapters as a public company topped analysts’ estimates on higher production. Last month, the U.S. shale oil producer agreed to be acquired by oil major Exxon Mobil …
Pioneer Natural Resources beats earnings estimates in deal epilogue Read More »
