(Reuters) -Woolworths Group on Wednesday beat first-half profit estimates and forecast improved financial performance in the second half, as Australia recovers from the pandemic, sending the company’s shares up 4%. Woolworths and its smaller rival Coles Group collectively sell about two-thirds of the country’s groceries and have benefited significantly from people stocking up pantries for…
OMAHA, Neb. (AP) — The hedge fund trying to buy newspaper publisher Lee Enterprises returned to court Tuesday in a bid to settle a dispute over how votes for two longtime board members should be counted next month at the company’s annual meeting. Alden Global Capital has already lost one lawsuit in the takeover battle…
By Laura Sanicola (Reuters) -Oil rose to nearly $100 a barrel on Tuesday, reaching its highest level since 2014 after Moscow ordered troops into two breakaway regions in eastern Ukraine. Benchmark Brent futures pared gains in late trading after Western governments announced sanctions aimed at stopping what they fear is the beginning of a full-scale…
By Tommy Wilkes and John McCrank LONDON/NEW YORK (Reuters) -The United States, the European Union and Britain announced new sanctions on Russia on Tuesday after Moscow’s recognition of two separatist regions in Ukraine as independent entities. Chief among their targets: Russian banks and their ability to operate internationally. Yet the impact of the new sanctions…
(Corrects to remove reference to supply issues in paragraph 1) (Reuters) -Space tourism company Virgin Galactic Holdings Inc reported a smaller quarterly loss on Tuesday. Net loss was $80.8 million, or 31 cents per share, for the three months to Dec. 31, compared with a loss of $104.12 million, or 44 cents per share, a…
By Sinéad Carew NEW YORK (Reuters) -Crude oil futures on Tuesday reached their highest levels since 2014 on supply concerns and stocks sold off in a volatile session as investors eyed international responses after Russia sent troops into parts of Ukraine. Markets were jittery a day after Russia’s move but the safe-haven U.S. dollar was…
NEW YORK (AP) — The worries rocking Wall Street about interest rates, inflation and now Ukraine have sent the S&P 500 index — the most widely followed measure of the U.S. stock market — tumbling more than 10% from its record. It’s a big enough fall that Wall Street has a name for it: a…
(Reuters) – South American e-commerce giant MercadoLibre Inc missed analysts forecast after posting a fourth quarter net loss on Tuesday, despite a surge in sales. The company reported a fourth-quarter net loss of $46.1 million, missing the mean Refinitiv forecast of $54.04 million net income. The Nasdaq-listed Argentine company’s gross merchandise volume, a widely watched…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In the lawsuit filed with Alameda County Superior Court on Friday, Marc Cage, an African American, claimed to have…
WASHINGTON (AP) — The Biden administration is delaying decisions on new oil and gas drilling on federal land and other energy-related actions after a federal court blocked the way officials were calculating the real-world costs of climate change. The administration said in a legal filing that a Feb. 11 ruling by a Louisiana federal judge…
