By Sabrina Valle HOUSTON (Reuters) – Chevron Corp on Friday posted a record $36.5 billion profit for 2022 that was…
Italy, Lufthansa sign letter of intent over ITA minority stake sale
ROME (Reuters) -Italy’s Treasury on Friday said it had signed a letter of intent with Lufthansa over the sale of…
Tissue maker Essity sees bigger energy hit after earnings beat
(This Jan. 26 story has been corrected to show Essity’s energy costs were helped by subsidies, not that it received…
Salesforce appoints new board directors amid activist investor pressure
By Svea Herbst-Bayliss (Reuters) – Salesforce Inc on Friday named three new board directors, including the chief of hedge fund…
Tesla, insurers take different paths to deal with expensive repairs
By Paul Lienert (Reuters) – Tesla Inc’s electric vehicles are expensive to repair – so much so that the automaker…
AmEx shrugs off slowdown worries after forecasting upbeat full-year profit
By Manya Saini (Reuters) -American Express Co’s upbeat profit forecast for the year on Friday eased worries of economic uncertainty…
U.S. consumer moods brighten to kick of 2023, inflation views down
(Reuters) – U.S. consumers entered 2023 with the most optimism in nine months, buoyed by healthy incomes and easing inflation…
Fed seen ending rate hikes by March as inflation slows
By Ann Saphir and Lindsay Dunsmuir (Reuters) -Federal Reserve policymakers are finally seeing some sustained progress in sapping high inflation,…
Rolls-Royce slumps as new CEO warns of ‘last chance’ to change
By Sarah Young LONDON (Reuters) – Shares in Rolls-Royce fell as much as 4% on Friday after its new CEO…
Optimism over China, peak bond yields draw flows into stocks -BofA
(Reuters) -Weekly inflows into stocks in the week to Wednesday were the largest in six weeks, data from BofA Global…