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CHICAGO (Reuters) – Southwest Airlines Co is tapping a software company called SureWeather, which rival United Airlines employs, to make its winter operations more resilient, Chief Operating Officer Andrew Watterson told Reuters on Tuesday. The Dallas-based carrier has been under fire ever since it suffered an operational disruption that resulted in almost 17,000 flight cancellations …

Southwest eyes rival United’s service provider to bolster its operations Read More »

(Reuters) – Albertsons Companies Inc said on Tuesday it would divest some stores owned by the company and Kroger Co to obtain the regulatory clearance needed to go ahead with the merger of the two firms. (Reporting by Ananya Mariam Rajesh in Bengaluru)

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Tuesday it charged IT services firm DXC Technology with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020. “Without admitting or denying the findings in the order, DXC consented to a cease-and-desist order, to pay an …

US SEC charges IT services firm DXC for ‘misleading’ non-GAAP disclosures Read More »

By David Shepardson (Reuters) -General Motors said on Tuesday its Silao Assembly Plant in Mexico that makes Chevrolet and GMC pickup trucks will extend a production halt through March 20 because of an undisclosed temporary supply chain issue. The largest U.S. automaker previously announced it was halting production from March 4-12 at its central Mexico plant …

GM extends production halt at Mexico truck plant over supply chain issue Read More »

(Reuters) -Homebuilder Lennar Corp on Tuesday reported an 18% rise in first-quarter profit as high property prices offset supply snags caused by fewer homes being listed for sale amid a tough economy. Shares of the company rose 2% to $102.5 after the bell. Homebuilders benefited from flexible work arrangements during the pandemic driving up demand …

Homebuilder Lennar’s profit jumps 18% on high prices Read More »

(Reuters) -A wave of customers have applied to shift their accounts to large U.S. banks such as JPMorgan Chase & Co and Citigroup Inc from smaller lenders after the collapse of Silicon Valley Bank, the Financial Times reported on Tuesday. These lenders, including Bank of America Corp, are trying to accommodate such transfer requests by …

JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT Read More »

By Lisa Richwine LOS ANGELES (Reuters) – The Academy Awards telecast on Sunday attracted roughly 18.7 million U.S. television viewers to the film industry’s highest honors, according to data released by Walt Disney Co broadcaster ABC on Monday. The audience rose 12% from last year, when 16.7 million people tuned in, ABC said. At that …

TV ratings for Sunday’s Oscars rise to 18.7 million Read More »

By Lucy Craymer WELLINGTON (Reuters) – When cruises started taking bookings at the end of the COVID-19 pandemic, Australians Eunice and John Rowley quickly made plans for their first ever visit to New Zealand. “We heard on the 9 o’clock news bulletin that they were opening up cruises and by the afternoon we had two …

Rebounding New Zealand tourism is a rare bright spot for its economy Read More »

(Reuters) -TP ICAP, the world’s biggest interdealer broker, raised its dividend by 30% on Tuesday after its annual profit beat market expectations, and said it expects trading volumes to remain robust in 2023. Trading platforms such as TP ICAP, which match buyers and sellers in the financial, energy and commodity markets, benefit from volatility, such …

Broker TP ICAP hikes dividend after beating profit forecasts Read More »