LOS ANGELES (AP) — General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North America. GM late Tuesday reported net income of $2.94 billion, or $1.35 per share, versus a profit of $3.02 billion, or $2.03 per share,…
By Byungwook Kim (Reuters) – Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100% renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change. Samsung, the world’s biggest chipmaker, is late to the green…
By Allison Lampert (Reuters) – Buyer “hysteria” for pre-owned business jets during the pandemic that triggered a recent wave of bidding wars is now easing, with more corporate aircraft coming up for sale, brokers say. The uptick in supply of pre-owned jets from historic lows will be in focus as corporate planemakers Textron Inc, General…
By Chris Prentice and Danilo Masoni WASHINGTON/MILAN (Reuters) – U.S. shares tumbled on Tuesday, with the Nasdaq posting its steepest one-day rout since September 2020, while European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and fretted over global growth. China’s COVID-19 curbs and fears of aggressive U.S. Federal…
SAN RAMON, Calif. (AP) — Google’s corporate parent on Tuesday posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror. For most companies, the numbers announced by Alphabet Inc. would be a cause for celebration. But tech…
MEXICO CITY (Reuters) -Steel producer Ternium’s net income rose 24% to $877.5 million during the first quarter from the year-ago period, the company said on Tuesday, citing higher steel prices partially offset by high costs of raw materials. The company, which operates in Mexico, Brazil, Argentina, Colombia, the United States and Central America, posted a…
By David Shepardson WASHINGTON (Reuters) -The U.S. Occupational Safety and Health Administration issued a https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/OSHA22599Amazon%20HAL%20-%205a1%20Letter%204.26.22.pdf hazard alert letter to Amazon.com Inc on Tuesday after six contractors were fatally injured and another was severely injured when a tornado struck Amazon’s Edwardsville, Illinois, warehouse in December 2021. OSHA did not issue any violations or citations after the…
By Paul Lienert and Joseph White (Reuters) -General Motors Co’s first-quarter profit beat analyst estimates on Tuesday, as the automaker focused on sales of more expensive models with higher margins, even with production still limited by chip shortages and supply chain disruptions. GM earned $2.9 billion in the quarter, compared with analysts’ estimates of $2.45…
(Reuters) – Chipotle Mexican Grill Inc forecast second-quarter same-store sales above analysts’ estimates on Tuesday, betting demand for its burritos and rice bowls will remain buoyant despite a few rounds of price increases. The burrito chain forecast comparable restaurant sales growth of 10% to 12% for the second quarter, compared with estimates of an 8.8%…
WASHINGTON (AP) — The Senate on Tuesday confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed’s No. 2 post in the midst of the central bank’s toughest fight against inflation in four decades. Her confirmation came in a 52-43 vote in the…
