WASHINGTON (AP) — Applications for unemployment benefits inched down last week as the total number of Americans collecting aid fell to its lowest level in more than 50 years. Jobless claims fell by 2,000 to 184,000 last week, the Labor Department said Thursday. The four-week average of claims, which levels out week-to-week volatility, rose by…
OMAHA, Neb. (AP) — Union Pacific hauled in 22% more profit during the first quarter because it charged more and delivered 4% more shipments even as it struggled to clear up congestion along its rail network. The Omaha, Nebraska, railroad said Thursday it earned $1.63 billion, or $2.57 per share, in the quarter. That’s up…
By John Revill ZURICH (Reuters) -Makers of chocolate bars and coffee to lawn mowers and industrial robots were succeeding in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for their products. Some of Europe’s biggest companies reported first quarter sales increases, with KitKat maker Nestle,…
(Reuters) -No. 1 U.S. auto retailer AutoNation Inc reported first-quarter results that topped Wall Street estimates on Thursday, boosted by robust demand for used vehicles as consumer preference for personal transportation remained high despite surging vehicle prices. Shares of the company rose 4.6% to $110.70 in premarket trading. Pandemic-induced demand for personal cars outpaced the…
DALLAS (AP) — American Airlines lost $1.64 billion in the first quarter, a wider loss than a year ago, but said Thursday that it expects to turn profitable in the spring as travel demand strengthens. The airline’s shares soared more than 10% higher in early trading before the market opened. Air travel was subdued early…
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…
