(Reuters) – Levi Strauss & Co forecast annual sales above Wall Street estimates on Wednesday, in a sign that demand for its jeans is holding up better than feared even as consumers shift to purchase more non-denim and office-friendly clothing. The San Francisco-based jeans maker also got a boost from strong performance at its other …
Levi Strauss gives upbeat 2023 sales outlook as demand holds up Read More »
By Chavi Mehta (Reuters) – IBM Corp on Wednesday reported its highest annual revenue growth in a decade and beat Wall Street expectations for the fourth quarter as more businesses looked to optimize their operations and save costs amid an economic downturn. The IT software and consulting company also forecast annual revenue growth in the …
IBM reports highest annual revenue growth in a decade Read More »
(Reuters) – Relatives of people killed in two fatal 737 MAX crashes on Wednesday asked a U.S. judge to require Boeing Co to cooperate with an independent corporate monitor and detail its compliance efforts as part of a 2021 deferred prosecution agreement. U.S. District Judge Reed O’Connor last week ordered Boeing to appear in court …
Relatives ask U.S. judge to detail Boeing 737 MAX plea deal compliance efforts Read More »
By Dawn Chmielewski, Svea Herbst-Bayliss and Milana Vinn NEW YORK (Reuters) – Large shareholders in News Corp on Wednesday applauded Rupert Murdoch’s decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp, as News Corp decided to pursue a sale of Move Inc instead. News Corp is in talks to …
News Corp investors cheer Murdoch’s decision to scrap tie-up with Fox Read More »
ZURICH (Reuters) – Holcim’s North American business is on track to represent half of the cement maker’s sales, CEO Jan Jenisch said in a media interview, with the Swiss company considering more acquisitions to boost its products and solutions business there. Holcim wants to grow its solutions and products division to around 30% of group …
Holcim CEO wants to further expand in North America -report Read More »
By Maiya Keidan TORONTO (Reuters) -A Canadian court on Tuesday dismissed the competition bureau’s effort to block Rogers Communications Inc’s C$20 billion ($14.9 billion) bid to buy Shaw Communications Inc, in a boost to the companies’ efforts to close a deal struck nearly two years ago. “It would be pointless to send this case back …
Rogers’ bid for Shaw gets boost after court rejects antitrust effort to block deal Read More »
(Reuters) – Bank of America Corp will give stock awards to most of its global workforce for a sixth consecutive year, the company said in a memo to staff on Tuesday. The second largest U.S. lender will award company shares that vest over four years to 96% of its almost 217,000 workers, according to the …
Bank of America to give stock awards to rank-and-file workers Read More »
(Reuters) – Uber Freight said Tuesday it will lay off roughly 150 employees, or about 3% of its workforce, as economic uncertainty hammers demand for shipping services. The division of rideshare company Uber Technologies said the layoffs will be limited to its digital brokerage operations that match shippers with truckers seeking to haul cargo. With …
Uber Freight laying off 150, about 3% of workforce Read More »
By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended slightly lower Tuesday at the close of a rocky session marked by a raft of mixed earnings and a technical malfunction at the opening bell. A spate of NYSE-listed stocks were halted at the top of the session due to an apparent technical malfunction, …
S&P 500 ends lower after mixed earnings, opening glitch Read More »
(Reuters) – Alphabet Inc’s Google, whose clout in search, the Android smartphone operating system and online advertising upended those markets, faces antitrust fights in the United States, Europe and India. The following are some of the antitrust battles Google is fighting globally: INDIA: Google lost a big fight in India in mid-January when the Supreme …
Factbox-The sun never sets on Google’s antitrust woes Read More »
