MILAN (Reuters) – The head of Telecom Italia (TIM) said the company’s service business is “already sustainable” as a standalone entity and is expected to generate strong core profit this year. Chief Executive Pietro Labriola on Thursday asserted that TIM had a viable future should he manage to complete the sale of its domestic landline…
By Ece Toksabay and Birsen Altayli ANKARA (Reuters) -The man challenging Tayyip Erdogan in Turkey’s presidential elections this weekend received a boost on Thursday when a small party candidate abruptly withdrew and a closely-watched poll gave him a more than five percentage point advantage. The withdrawal by Muharrem Ince, one of four contesting Sunday’s presidential…
WASHINGTON (Reuters) – U.S. producer prices rebounded modestly in April, leading to the smallest annual increase in producer inflation in more than two years, further evidence that inflation pressures were subsiding. The producer price index for final demand rose 0.2% last month, the Labor Department said on Thursday. Data for March was revised slightly to…
(Reuters) -The El Niño weather pattern was likely to form during the May-July season, with a more than 90% chance of the phenomenon persisting into the North Hemisphere winter, a U.S. government weather forecaster said on Thursday. A transition from neutral conditions could occur in the next couple of months, the National Weather Service’s Climate…
By Jonathan Stempel and Nate Raymond BOSTON/NEW YORK (Reuters) -A U.S. appeals court on Wednesday threw out the fraud convictions of two wealthy fathers charged with involvement in a vast college admissions conspiracy to pay bribes so children could attend top universities. In a 3-0 decision, the 1st U.S. Circuit Court of Appeals in Boston…
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting…
(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a turbulent economy. The stock was down 21% in premarket trading, on course to erase nearly all of the…
By Nidal al-Mughrabi KHAN YOUNIS, Gaza Strip (Reuters) – As nearby explosions from Israeli air strikes continued to rock their Gaza home for the third night this week, Hani al-Hindi and his wife slept with their six children huddled together in the same room, where they felt it was safer. Next to the front door,…
SAO PAULO (Reuters) – Brazil’s federal police said on Thursday the country had frozen roughly 40 million reais ($7.99 million) belonging to alleged financiers of the Jan. 8 riots in Brasilia in order to pay for damages caused to public property. The move was part of the 11th phase of an operation investigating people involved…
By Deborah Mary Sophia (Reuters) -Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its Coach handbags would shield it from a wider slowdown in U.S. luxury purchases. Shares of the company shot up 9% in premarket trade as it also surpassed Wall Street targets for third-quarter…
