CHICAGO (Reuters) – American Airlines Group Inc became the latest carrier on Thursday to offer an upbeat outlook on bookings, saying rebounding passenger numbers would help it return to profit in the current quarter. Shares in the Texas-based carrier, the United States’ biggest airline in terms of seat capacity, soared nearly 11% in pre-market trade…
MILAN (Reuters) – Shareholders in Assicurazioni Generali will vote on April 29 to name a new chief executive and board of directors at Europe’s third-largest insurer. CEO Philippe Donnet, at the helm since 2016, is running for reappointment with backing from Generali’s outgoing board and the insurer’s leading shareholder, Mediobanca. Donnet’s candidacy meets opposition from…
By Jacob Gronholt-Pedersen and Nikolaj Skydsgaard COPENHAGEN (Reuters) -Carlsberg, the Western brewer most exposed to the Russian market, expects its decision to sell its business there to result in a writedown of about 9.5 billion Danish crowns ($1.39 billion), it said on Thursday. The company, which has eight breweries and 8,400 employees in Russia, said…
Europe is struggling to find ways to stop paying Russia $850 million a day for energy and hit the Kremlin’s finances over its invasion of Ukraine. The 27-member European Union is finding that reversing decades of dependence on Russian oil and natural gas is not a simple matter. Leaders are now discussing sanctions on Russian…
(Reuters) -AT&T Inc on Thursday posted a 2.5% rise in core wireless revenue for the first quarter, as the telecom giant benefited from the expansion of its fiber internet and 5G services. The Dallas, Texas-based firm – whose WarnerMedia unit completed its merger with Discovery Inc earlier this month to form the new media firm…
(Reuters) -Chemicals maker Dow Inc on Thursday reported an over 58% surge in first-quarter profit, helped by stronger product prices as supplies remained tight amid robust demand. With demand rising thanks to an economic recovery from the pandemic, Dow has boosted its prices as it combats supply-chain pressures, logistical snags and weather-related outages at plants….
PARIS (Reuters) -Bernard Arnault, the head of luxury giant LVMH said on Thursday his business empire was eying expanding into the digital “metaverse”, but stressed that the company still wants to sell “real products”. “We’re looking closely”, said Chief Executive Bernard Arnault, but added that he saw “no need to rush”. Arnault, who was addressing…
(Reuters) – The Russian central bank will consider cutting the key interest rate from 17% at upcoming board meetings, Governor Elvira Nabiullina said on Thursday, flagging economic challenges that Russia will face as it tries to blunt western sanctions over Ukraine. Nabiullina also said Russia is looking at adjustments to its forex controls to avoid…
By Silke Koltrowitz ZURICH (Reuters) – Nestle on Thursday confirmed it expects to grow sales around 5% and keep margins broadly stable this year after higher pet food, dairy and coffee prices did not deter consumers in the first quarter, forecasting more price increases ahead. Russia’s invasion of Ukraine has forced consumer goods companies to…
By Julia Love and Tiyashi Datta (Reuters) -Workers at an Apple Inc store in Atlanta on Wednesday filed a petition to hold a union election, seeking to become the company’s first U.S. store to unionize amid a wave of labor activity at other major firms. The effort at the Apple store in Cumberland Mall is…
