Caterpillar sales surge in first quarter, but so do costs
Caterpillar’s first-quarter sales climbed on strong demand for construction equipment despite supply chain challenges that continue to plague businesses ranging…
2022
Surging sales at McDonald’s offsets trouble in China, Russia
Higher U.S. menu prices and easing COVID-19 restrictions in Europe helped McDonald’s offset troubled markets like China and Russia during…
Northrop Reports Lower Revenue As Labor, Supply Chain Woes Linger
By Mike Stone and Ashwini Raj (Reuters) – U.S. weapons maker Northrop Grumman Corp reported a fall in first-quarter sales…
Unilever Warns Of More Price Hikes As Cost Pressures Build
By Richa Naidu (Reuters) -Unilever raised prices by over 8% in the first quarter and warned more hikes were on…
Former Luxottica CEO Guerra To Leave LVMH, Keep Advisory Role
MILAN (Reuters) – Andrea Guerra, the former chief executive of Italian eyewear giant Luxottica, is leaving LVMH after leading its…
Huawei’s Q1 sales down 14% as U.S. sanctions remain
SINGAPORE (AP) — Chinese telecoms equipment and smartphone maker Huawei’s sales fell 14% in January-March from a year earlier as…
Pernod Ricard Q3 Sales Beat Forecasts, Cautious On Q4
By Dominique Vidalon PARIS (Reuters) -French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales on…
China To Cut Coal Import Tariffs To Zero From May 1
BEIJING (Reuters) – China will cut import tariffs for all types of coal to zero from May 1, 2022, until…
Dollar Climbs Towards 20-year High; Earnings Buoy Stocks
By Tom Wilson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar was on the cusp on Thursday of its highest…
Asian shares mostly higher after tech-led rebound on Wall St
Stocks were mostly higher in Asia on Friday after a rally on Wall Street led by technology companies. U.S. futures…