PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares said on Thursday. If the entire electric vehicle market were to experience lower prices, Stellantis would adapt and adjust its costs, Tavares said during a plant visit in Metz. (Reporting by Gilles Guillaume, writing by…
By Allison Lampert and Anandita Mehrotra MONTREAL (Reuters) -Business jet maker Bombardier Inc said on Thursday it had swung to a first-quarter adjusted profit, helped by increased deliveries of its pricier planes. Bombardier also reported improved operating margins and a 17% rise in quarterly revenue to $1.5 billion on more deliveries of medium and large-cabin…
(Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in a housing market that has been clobbered by rising interest rates. The National Association of Realtors (NAR) said on Thursday its Pending Home…
By Deborah Mary Sophia (Reuters) -Hasbro Inc topped Wall Street estimates for quarterly revenue on Thursday as players snapped up its “Magic: The Gathering” game sets, helping counter weak demand for its toys and action figures. The company’s shares were up about 9% at $56.09. An overall slowdown in demand for toys and retailers cutting…
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays reported better than expected first-quarter profit of 2.6 billion pounds ($3.24 billion) on Thursday after strong performance at its credit card business offset pressure on other profit engines, including investment banking. The British bank’s 16% profit jump from a year earlier beat analyst forecasts of 2.2…
(Reuters) -Spotify Technology said on Thursday it was investigating some issues with its web page, following reports the audio streaming platform was down for thousands of users. There were more than 15,000 incidents of people reporting issues with Spotify, according to Downdetector, which tracks outages by collating status reports from a number of sources including…
By Helen Coster and Eva Mathews (Reuters) -Comcast Corp on Thursday said it beat quarterly profit forecasts on sustained demand for its broadband services and rising theme park attendance, giving the media giant a lift days after it fired NBCUniversal’s chief for sexual harassment. The company’s shares rose 4% as the report showed a smaller-than-expected…
By Alexander Marrow (Reuters) – The rouble steadied on Thursday, with the market looking ahead to Friday’s interest rate decision, as favourable month-end tax payments propped the Russian currency up amid a significant drop in oil prices. By 1322 GMT, the rouble was 0.2% stronger against the dollar at 81.44 and had gained 0.6% to…
By Alexander Marrow (Reuters) – The rouble steadied on Thursday, with the market looking ahead to Friday’s interest rate decision, as favourable month-end tax payments propped the Russian currency up amid a significant drop in oil prices. By 1322 GMT, the rouble was 0.2% stronger against the dollar at 81.44 and had gained 0.6% to…
By Natalie Grover and Maggie Fick LONDON (Reuters) -AstraZeneca on Thursday beat expectations for first-quarter profit and revenue, as buoyant sales of cancer treatment Imfinzi and strong demand for its roster of drugs in emerging markets helped to offset dwindling COVID product sales. The company’s sales and outlook highlight the rapid decline of its COVID…
