PARIS (Reuters) – Gucci’s new chief in China will lay out his strategy to revive the label’s sales in the…
Union Pacific cuts volume growth forecast on worker shortage, intermodal weakness
By Nathan Gomes (Reuters) -Union Pacific Corp on Thursday cut its annual volume growth forecast, as the U.S. railroad operator…
Citizens likely to raise medium-term return target, CEO says
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – Citizens Financial Group will probably raise its return on tangible…
American Airlines forecasts stronger profit on resilient travel demand
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…