By Andrey Sychev and Bartosz Dabrowski (Reuters) – Linde, the world’s largest industrial gases company, said on Thursday it sees potential to invest more than $50 billion worldwide in the next 10 years as governments turn to green energy. That includes potential investments of more than $30 billion in the United States, which the company…
By Nathan Gomes (Reuters) -U.S. car rental company Hertz Global Holdings Inc said on Thursday it was preparing for strong summer travel demand and projected a 20% jump in second-quarter revenue from the first, driving its shares up as much as 4%. U.S. carriers including Southwest Airlines Co, Delta Air Lines Inc and United Airlines…
By Kanishka Singh and Moira Warburton WASHINGTON (Reuters) – West Virginia Governor Jim Justice launched his campaign on Thursday for the Republican nomination to challenge Democratic U.S. Senator Joe Manchin, a moderate who has been a constant thorn in his party’s side. Justice, 72, has repeatedly changed parties, most recently in 2017 when he switched…
By Mica Rosenberg, Joshua Schneyer and Kristina Cooke MONTGOMERY, Alabama (Reuters) – On Nov 22, a team of state and federal labor officials conducted a surprise inspection and noticed a young-looking worker at a warehouse operated here by the logistics unit of Korean automaking giant Hyundai Motor Group. The inspectors, according to an Alabama Department…
WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives has passed a bill that pairs $4.8 trillion of spending cuts with an increase in the federal government’s $31.4 trillion debt ceiling. It has no chance of passing the Democratic-led Senate, but is meant to pressure Democratic President Joe Biden into budget talks. Following is a…
By Patrick Wingrove and Leroy Leo (Reuters) -AbbVie Inc on Thursday missed quarterly revenue estimates for its newer treatments, fueling concerns over the drugmaker’s attempts to cushion the blow to sales from fresh competition for its flagship arthritis drug Humira. The company’s shares tumbled more than 8% as investors shrugged off a raised full-year profit…
By Giuseppe Fonte ROME (Reuters) – Italy is working on imposing a “solidarity” levy on its banks to fund relief measures for families hit by the cost of living crisis, a source familiar with the matter told Reuters. The levy is expected to be part of wider package of measures to be discussed by Italy’s…
By Richa Naidu LONDON (Reuters) – Despite some signs inflationary pressures are easing, Unilever warned on Thursday of big increases in the prices of dairy, soybean oil, cocoa and sugar in the first half of this year – potentially bad news for fans of its Ben & Jerry’s Half Baked ice cream. Unilever, which is…
HONG KONG (Reuters) – Embattled property developer China Evergrande Group said on Thursday that holders of more than 77% of its Class A offshore debt by value submitted support for its restructuring proposal, and it would extend the deadline for receiving an incentive to 5:00 p.m. Hong Kong time on May 18. Term sheets published…
(Reuters) -Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a set of big U.S. companies that are downsizing in earnest as high inflation eats into consumer wallets. Shares of the Banana Republic parent rose about 2% in early trade. In September, Gap eliminated about 500…
