Ford loses $3.1 billion, hit by investment and chip shortage
DALLAS (AP) — Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by…
April 27, 2022
Meta Shares Surge After Facebook Ekes Out User Growth
By Nivedita Balu and Elizabeth Culliford (Reuters) -Meta Platforms Inc surprised Wall Street with a profit beat and Facebook returning…
Brazil’s Vale Announces Share Buyback Program
(Reuters) – Brazilian miner Vale SA approved a share buyback program of up to 500 million common shares to be…
CoverGirl Owner Coty To Wind Down Russia Operations
(Reuters) – Coty Inc said on Wednesday it was winding down its Russia operations after Moscow’s attack on Ukraine. Russia…
Mattel Blows Past Sales Estimates As Retailers Load Up On Barbies, Hot Wheels
By Uday Sampath Kumar and Deborah Mary Sophia (Reuters) – Mattel Inc beat Wall Street estimates for quarterly sales on…
Archegos Founder Hwang Pleads Not Guilty To Fraud, Racketeering Charges
By Jody Godoy (Reuters) -Archegos Capital Management founder Bill Hwang on Wednesday pleaded not guilty to charges of fraud and…
McDonald’s In The Spotlight As Investors Seek Details Of Lost Russia Revenue
By Uday Sampath Kumar and Hilary Russ (Reuters) – McDonald’s is poised to take a bigger financial hit from the…
Hungary’s OTP Bank “pressured” By Ukraine To Sell Russian Unit, CEO Says
BUDAPEST (Reuters) – Hungary’s OTP Bank, Central Europe’s largest independent lender, is under pressure from the government of Ukraine, where…
Heineken Set To Invest $360 Million In New Brewery In Brazil
SAO PAULO (Reuters) – Heineken NV’s Brazilian arm is set to invest 1.8 billion reais ($360.73 million) in a new…
Microsoft: Russian hacks often accompany Ukraine attacks
BOSTON (AP) — Cyberattacks by state-backed Russian hackers have destroyed data across dozens of organizations in Ukraine and produced “a…