Reuters US Business

By Andrea Shalal EMALAHLENI, South Africa (Reuters) – U.S. Treasury Secretary Janet Yellen met with local officials in South Africa’s coal mining region of Mpumalanga on Friday, pledging America’s firm support to ensure the country’s transition to renewable energy does not leave them behind. Yellen said she would meet later Friday with philanthropists and private …

Yellen to meet with donors, private sector on South Africa’s energy transition Read More »

MADRID (Reuters) – Spain’s gross domestic product grew 5.5% in 2022 after a faster-than-expected 0.2% quarterly growth in the fourth quarter, preliminary data from the National Statistics Institute showed on Friday. The economy in the fourth quarter expanded 2.7% compared with the same period a year earlier, INE said. Spain’s economy recorded a seventh consecutive …

Spain’s economy grew 5.5% in 2022 after faster-than-expected last quarter Read More »

By Diana Mandia (Reuters) – Signify, the world’s largest lighting maker, on Friday gave a more upbeat forecast for operating profitability for 2023, on the back of an improving situation in China. Signify, the former lighting arm of Philips, had earlier this month cut its full-year forecast for 2022 for both profit margin and sales …

Signify more upbeat on 2023 profitability, skips sales outlook Read More »

By Stephen Culp NEW YORK (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an onslaught of economic data and a string of mixed corporate earnings, all while eyeing the clock as it ticks down toward next week’s Federal Reserve monetary policy meeting. While all three major U.S. stock …

Wall Street closes green as GDP data eases recession worries Read More »

(Reuters) – Home Depot Inc’s Canadian arm was found to be sharing details from e-receipts related to in-store purchases with Facebook owner Meta Platforms Inc without the knowledge or consent of its customers, according to Canada’s privacy regulator. An investigation by the Office of the Privacy Commissioner of Canada (OPC) found that by participating in …

Home Depot Canada found sharing customer personal data with Meta – privacy regulator Read More »

(Reuters) – Hasbro Inc said on Thursday it would eliminate about 1,000 positions from its global workforce this year, or about 15% of full-time employees. (Reporting by Deborah Sophia in Bengaluru; Editing by Maju Samuel)

(Reuters) -Intel Corp forecast for first-quarter revenue fell way short of Wall Street targets on Thursday, as the chipmaker struggles with a worsening PC market and its data center clients delay purchases amid fears of a global recession. The company’s shares fell 7% in trading after the bell as it also expects a surprise loss …

Intel’s first-quarter forecast underwhelms, shares fall 7% Read More »

(Reuters) -Visa Inc reported a rise in first-quarter profit on Thursday, helped by a jump in payment volumes as consumer spending held up despite a slowing economy. Americans continued to spend on entertainment and international travel during the holiday quarter, as a stronger dollar helped offset the impact of inflation and rising interest rates. On …

Visa profit rises on resilient consumer spending Read More »

By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath of an operational meltdown that forced it to scrap thousands of flights between Christmas and New Year’s Eve. The forecast heaps more pain on the …

Southwest Airlines warns of quarterly loss after holiday meltdown Read More »

(Reuters) -Bed Bath & Beyond Inc has received a notice of acceleration and default interest for its loans from JPMorgan Chase Bank N.A., a regulatory filing showed on Thursday. Shares of the company slumped more than 22% to $2.52 in afternoon trading.  The bank has determined to exercise rights such that all outstanding loans under …

Bed Bath & Beyond gets loan default notice from JPMorgan – filing Read More »