By Daniel Wiessner (Reuters) – Amazon.com Inc illegally threatened to withhold raises and benefits from workers at two New York City warehouses if they voted to unionize, a judge with the National Labor Relations Board (NLRB) has ruled. In a decision issued on Monday, Administrative Law Judge Benjamin Green said Amazon supervisors told workers that…
By Lisa Baertlein and Shivansh Tiwary (Reuters) -United Parcel Service Inc on Tuesday said it would shelter 2023 profits from expected revenue declines as decades-high inflation, rising interest rates and recession fears weigh on the bellwether global transportation industry. The world’s biggest parcel delivery firm beat Wall Street’s profit forecast for the fourth quarter after…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own…
By Johann M Cherian and Shreyashi Sanyal (Reuters) – Wall Street rose on Tuesday as wage growth data indicated that the Federal Reserve’s aggressive approach to taming inflation was taking hold ahead of a decision by the central bank, while gains on the Dow were limited by weak earnings updates. U.S. labor costs increased at…
(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts: AIRLINES, AUTOS, TRAVEL * AIR FRANCE: France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaper Le Figaro…
By Johann M Cherian (Reuters) – U.S. stock index futures fell on Tuesday as disappointing earnings and forecasts from bellwethers including Caterpillar, McDonald’s and Pfizer set the tone for the busiest earnings week this season, ahead of the outcome of the Federal Reserve’s rate-setting meeting. Fourth-quarter earnings season took center stage, with Caterpillar Inc down…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager…
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE)…
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – Indian conglomerate Adani Group’s locally listed bonds have resisted the panic selling in the groups’ dollar-denominated debt and domestically listed stocks since last Wednesday following short-seller Hindenburg Research’s scathing report on the group. Hindenburg accused the conglomerate of improper use of offshore tax havens and flagged…
By Rowena Edwards LONDON (Reuters) -Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, or 1.19%, to $83.89 per barrel by 0920 GMT. The March contract expires on Tuesday and the more heavily…
