MEXICO CITY (Reuters) – Mexican electric car provider VEMO and U.S. car hailing platform Uber announced on Tuesday an alliance to boost the number of electric vehicles in the platform’s Mexico City fleet during 2022. The first phase of the pilot plan will add 250 electric vehicles to the app and is set to be …
VEMO and Uber will add 250 electric vehicles to Mexico City’s fleet Read More »
By Chibuike Oguh and Tim Hepher (Reuters) – Veteran budget airline investor Bill Franke has pledged to avoid what he once called the “path to hell” after masterminding a $2.9 billion merger of discount airlines – letting dealmaking get the better of tight cost controls that support low fares. The 84-year-old entrepreneur has turned his …
Indigo’s Franke bets on winning cost formula for Frontier-Spirit airline Read More »
By Dawn Chmielewski (Reuters) – When the Walt Disney Co reports its holiday-quarter results on Wednesday, Wall Street analysts will study whether the popular Star Wars bounty hunter Boba Fett, The Beatles and Marvel superhero Hawkeye reignited subscriber growth at the company’s Disney+ streaming service. A strong showing will go a long way toward restoring …
Streaming view rests on The Beatles and Boba Fett as Disney reports results Read More »
By Kenneth Li and Nick Zieminski NEW YORK (Reuters) -Thomson Reuters Corp missed fourth-quarter earnings forecasts on Tuesday as the news and data provider stepped up investments it said would help deliver stronger-than-expected revenue growth this year and next. The parent company of Reuters News reported adjusted earnings fell to 43 cents per share from …
Thomson Reuters misses on earnings, sets higher revenue goals Read More »
By Praveen Paramasivam and Ananya Mariam Rajesh (Reuters) -CoverGirl parent Coty Inc on Tuesday raised its profit expectations for the year, as the cosmetics major’s focus on high-margin skincare products cushions the effect of higher costs from supply chain disruptions and inflationary pressures. Shares rose about 5% as investors looked past the hit to quarterly …
CoverGirl parent lifts profit forecast on expensive skincare, makeup bets Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) – The activist investment firm pushing for a sale of Peloton Interactive Inc on Tuesday said plans to replace the fitness company’s chief executive are not enough and that the board must still pursue strategic alternatives to benefit all shareholders. Blackwells Capital, which owns a nearly 5% stake of Peloton, …
Activist Blackwells pushes for more action at Peloton after executive reshuffle Read More »
By Giulio Piovaccari MILAN (Reuters) -Stellantis on Tuesday unveiled its new Alfa Romeo Tonale compact sport utility vehicle (SUV) as it aims to expand in the premium market and add electrified and interconnected vehicles to its range. The new model, named after an Alpine pass in northern Italy, will compete in a segment populated by …
Stellantis launches electrified Alfa Romeo Tonale SUV Read More »
By Julie Gordon OTTAWA (Reuters) -Canada posted a surprise trade deficit in December, as imports hit a new record high and exports fell from November, official data showed on Tuesday, but economists expect an export rebound in January on surging energy prices. Canada’s trade deficit was C$137 million ($108 million) in December, well below analyst …
Canada posts surprise trade deficit in December, rebound in sight Read More »
By Jane Lanhee Lee and Josh Horwitz SAN FRANCISCO/SHANGHAI (Reuters) – SoftBank Group Corp has shelved its blockbuster sale of Arm Ltd to U.S. chipmaker Nvidia Corp valued at up to $80 billion citing regulatory hurdles and will instead seek to list the company. Britain’s Arm, which named a new CEO on Tuesday, said it …
SoftBank dumps sale of Arm over regulatory hurdles, to IPO instead Read More »
By Tim Kelly TOKYO (Reuters) -Nissan Motor Co on Tuesday raised its full-year profit outlook as it squeezed out more profit per vehicle but said that access to scarce semiconductors would be the key driver of future earnings growth. Like other big global carmakers, Nissan has been forced to cut vehicle output, even amid robust …
Nissan raises profit outlook but sees chip limit to growth Read More »
