By Nathan Gomes (Reuters) -Union Pacific Corp on Thursday cut its annual volume growth forecast, as the U.S. railroad operator…
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…
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…
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…
Hermes plans big price rises, says no sign of slowdown
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes flagged plans to hike prices by 5% to 10% in 2023…
Banking agencies to provide guidance on crypto after better understanding risks- FDIC head
By Hannah Lang (Reuters) -Banking regulators expect to provide industry guidance to financial institutions on crypto-related activities once agencies better…
Dow beats Q3 estimates, plans $1 billion in cost cuts as energy prices rise
By Ruhi Soni (Reuters) -Chemicals giant Dow Inc on Thursday beat third-quarter profit estimates and outlined plans to cut costs…