(Reuters) -Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant’s common stock and authorized a $10 billion buyback plan, sending the company’s shares up 7% in extended trading. This is the first stock split by Amazon since 1999 and will give investors 19 additional shares for every share they…
(Reuters) – Amazon.com Inc said on Wednesday its board approved a 20-for-1 split of the e-commerce giant’s common stock, as well as authorized the repurchase of up to $10 billion of its stock. Shares of Amazon rose 8% in extended trading. Trading is expected to begin on a split-adjusted basis on June 6, the company…
NEW YORK (AP) — A bank’s decision to loan Donald Trump’s company $100 million is the latest evidence the former president might survive fraud investigations and a business-world backlash over his efforts to stay in office after losing the 2020 election. San Diego-based Axos Bank finalized the loan with the Trump Organization on Feb. 17,…
(In paragraphs 4 and 17, corrects name of analyst to Yawger, not Yawner) By Shariq Khan BENGALURU (Reuters) -Global oil prices on Wednesday posted their biggest plunge since the early pandemic days nearly two years ago, after the United Arab Emirates said the OPEC member would support increasing output into a market in disarray because…
By Ernest Scheyder HOUSTON (Reuters) -Rio Tinto Ltd is working to maintain steady supplies of fuel and other goods for its Mongolian copper operations from suppliers that buy from Russia and elsewhere, a top executive at the mining giant said on Wednesday. The Anglo-Australian company is developing Mongolia’s Oyu Tolgoi, one of the world’s largest…
By Allison Lampert MONTREAL (Reuters) – Canadian carriers are seeing a bounce in spring travel after a slump due to the spread of the Omicron coronavirus variant, with the country’s largest airport bracing for its busiest travel day since the onset of the pandemic this Friday. But just as COVID-19 shows signs of ebbing, surging…
By David Shepardson WASHINGTON (Reuters) – A proposed bill to fund the U.S. government’s operations through September would cut $2 billion from a COVID-19 program to boost aviation manufacturing and repair businesses. The U.S. House of Representatives is set to vote on the bill on Wednesday that redirects $15.6 billion in COVID-19 relief programs to other COVID…
By Valentina Za, Sinead Cruise and Iain Withers MILAN/LONDON (Reuters) -Italy’s UniCredit and France’s BNP Paribas were the latest banks to set out their Russian exposures, warning of billions of euros in potential costs from the financial fallout from Moscow’s invasion of Ukraine amid a wider sector rebound on Wednesday. Banks, insurers and asset managers…
By Rajesh Kumar Singh CHICAGO (Reuters) – When General Electric Co’s investors gather on Thursday, they will focus on a potential hit to company profits from persistent supply-chain and inflationary woes. The Boston-based industrial conglomerate last month warned that its profits would suffer in the first half of this year from supply and labor issues….
By Shariq Khan BENGALURU (Reuters) -Oil slid over 7% on Wednesday after reports that the United Arab Emirates will call on fellow OPEC members to boost production, potentially easing some of the supply concerns caused by sanctions on Russia after its invasion of Ukraine. Oil was already pulling back earlier in the session from a…
