By Ari Rabinovitch and Steven Scheer JERUSALEM (Reuters) – Israel’s flag carrier El Al Airlines, forced to slim down following a government bailout during the pandemic, said on Thursday it has entered a non-binding memorandum of understanding to buy smaller local rival Arkia. Under the proposed deal, Arkia would become a fully-owned subsidiary of El …
Israel’s El Al Airlines signs deal to buy smaller rival Arkia Read More »
(Reuters) -Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. The company, whose shares fell 2.7% before the bell, reported a decline in sales in three out of its four segments, with its Safety and Productivity Solutions unit — …
Honeywell’s revenue misses estimates on supply woes, lower mask demand Read More »
(Reuters) – GameStop Corp is partnering with blockchain startup Immutable X to launch its non-fungible token (NFT) marketplace later this year, as it looks to take advantage of the booming market and complement its digital pivot into e-commerce. The companies also announced a fund worth $100 million, in Immutable X’s IMX tokens, dedicated to supporting …
By Svea Herbst-Bayliss (Reuters) – Investor Kyle Bass, who spent much of his career betting on sovereign debt crises and interest rates, is shifting focus from hedge funds to the environment with a firm that will buy rural land and create environmental mitigation offsets. The new firm, Conservation Equity Management, was officially launched on Thursday …
Exclusive-Investor Kyle Bass pivots to green credits, returned cash from hedge fund Read More »
(Reuters) -Hershey Co forecast full-year profit above Wall Street expectations on Thursday, after the Kit Kat maker beat estimates for quarterly profit on strong holiday demand and higher prices for its chocolates and candies. Packaged food makers are grappling with rising prices for commodities such as sugar, wheat and soy, as well as soaring shipping …
Hershey forecasts annual profit above estimates as price hikes take effect Read More »
By Clara Denina and Zandi Shabalala LONDON (Reuters) – Big miners, under pressure to increase their exposure to minerals needed to drive the electric vehicle revolution, have so far opted for the cautious approach of joint ventures with small explorers rather than buying them outright. Shareholders will scrutinise quarterly results and statements in this month’s …
Big miners plug into battery metals joint ventures Read More »
WASHINGTON (Reuters) – Tesla Inc is recalling more than 817,000 vehicles in the United States because an audible alert may not activate when a vehicle starts and the driver has not buckled the seat belt, a U.S. auto safety regulator said. The National Highway Traffic Safety Administration (NHTSA) said https://static.nhtsa.gov/odi/rcl/2022/RCLRPT-22V045-3599.PDF on Thursday the vehicles, 2021-2022 …
Tesla recalls 817,000 vehicles in U.S. over seat belt reminder alert Read More »
By Elizabeth Dilts Marshall NEW YORK (Reuters) – Demand for business loans is picking up in the United States as an economic recovery drives consumer spending and encourages companies to bulk up inventories, fueling optimism it will boost banks’ 2022 growth. However, the outlook for consumer spending is more mixed with demand for home loans, …
U.S. banks see business lending driving 2022 growth Read More »
By Chibuike Oguh (Reuters) – Carlyle Group Inc said on Thursday its fourth-quarter distributable earnings increased almost fourfold thanks to a record level of asset sales from its private equity portfolio that was partly offset by rising compensation expenses. The Washington, D.C.-based firm said its distributable earnings rose to a record $903 million in the …
Carlyle’s Q4 earnings jump nearly fourfold on record asset sales Read More »
By Simon Jessop and Ross Kerber LONDON (Reuters) – The world’s biggest asset manager BlackRock said it will increase the products and services it offers to help investors “navigate, drive and invent” the transition to a net zero world, in a letter to clients on Wednesday seen by Reuters. Decarbonisation has become a matter of …
BlackRock pledges to help clients navigate, shape net-zero transition Read More »
