By Rajesh Kumar Singh and Aishwarya Nair (Reuters) -American Airlines Group Inc on Thursday forecast that fourth-quarter profit would exceed…
Blackstone’s earnings fall 16% on sharp drop in asset sales
By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc, the world’s largest alternative asset manager, said on Thursday its third-quarter distributable…
BMW tests hydrogen burner at German plant, expands battery assembly lines
LEIPZIG, Germany (Reuters) -BMW is testing a burner able to operate on both hydrogen and gas in its paint shop…
Freeport-McMoRan shares rally after profit beats expectations
(Reuters) – Freeport-McMoRan Inc reported a sharp drop in third-quarter profit on Thursday due to falling copper prices, although the…
L’Oreal posts brisk sales rise despite disruptions in China
PARIS (Reuters) – Cosmetics group L’Oreal posted robust sales growth over the third quarter, lifted by brisk demand in Europe…
European shares rise after UK’s Truss resigns as prime minister
By Amruta Khandekar and Devik Jain (Reuters) -European shares rose on Thursday after Liz Truss said she was resigning as…
Fed’s Harker says high inflation calls for more rate hikes
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the central…
Investors file lawsuit against Volkswagen over climate-change related lobbying disclosures
BERLIN (Reuters) – Six Volkswagen investors filed a case against the carmaker this week for refusing to discuss at its…
Whirlpool opens factory in Argentina with $52 million investment
By Eliana Raszewski BUENOS AIRES (Reuters) – Appliance maker Whirlpool Corp is set to inaugurate a new factory in Buenos…
Kering sales rise 14% in third quarter but Gucci lags
PARIS (Reuters) – French luxury group Kering said sales in the third quarter increased by 14%, driven by a strong…