(Reuters) -Arrival SA said on Thursday it would restructure its business to focus on the U.S. market, seeking to capitalise…
Credit Suisse scrambles to finalise revamp as deadline looms
By Oliver Hirt, John O’Donnell and Noele Illien ZURICH/FRANKFURT (Reuters) -Credit Suisse is racing to firm up sales of part…
New Gucci head in China to lay out strategy soon to revive sales
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…
Canada’s No. 2 pension fund Caisse sees opportunities in battered bond market
By Divya Rajagopal TORONTO (Reuters) – Canada’s second largest pension fund Caisse de dépôt et placement du Québec sees opportunities…
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…