By Rajesh Kumar Singh and Allison Lampert (Reuters) – Delta Air Lines’ industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. Any proposal that falls short of Delta’s deal will likely have no takers…
(Reuters) -Qualcomm Inc’s shares sank 7% on Thursday after the chip designer signalled it would take longer for its crucial smartphone market to rebound from a post-pandemic slump. The company, which supplies to top handset makers Apple Inc and Samsung Electronics, was set to lose about $10 billion in market valuation, if the losses hold….
(Reuters) – U.S. Senator Elizabeth Warren has written to Michael Roffler, the former chief executive of failed First Republic Bank asking for more information on his and other executives’ pay, the Wall Street Journal reported on Thursday. Warren posed a dozen questions to the former CEO, focused on Roffler’s awareness of problems at the bank…
By Alexander Marrow (Reuters) -The Russian rouble climbed sharply to a more-than-one-month high on Thursday, gaining for a fifth straight session, as oil prices steadied after a recent slide, somewhat countering the impact of reduced foreign currency supply. By 1326 GMT, the rouble had firmed 1.6% against the dollar to 77.94, its strongest mark since…
By Bernardo Caram and Nicolás Misculin BRASILIA/BUENOS AIRES (Reuters) – Argentina is seeking new easing of targets in its $44 billion deal with the International Monetary Fund and faster payouts, and is pushing to get key IMF members the United States and Brazil to support it, government officials said. The country is expected to return…
By Krystal Hu (Reuters) – Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian e-commerce platform said on Thursday. It has sold its logistics unit, including Deliverr Inc, a company it acquired for $2.1 billion less…
By Jennifer Rigby and Emma Farge LONDON (Reuters) -A panel of global health experts will meet on Thursday to decide if COVID-19 is still an emergency under the World Health Organization’s rules, a status that helps maintain international focus on the pandemic. The WHO first gave COVID its highest level of alert on Jan. 30,…
NEW YORK (Reuters) -Intercontinental Exchange Inc on Thursday reported first-quarter profit slightly above Wall Street views, as market volatility boosted the New York Stock Exchange parent’s exchange unit, helping offset a rates-driven slump in its mortgage technology business. Investors have been overhauling their portfolios to hedge against risk after a slew of interest rate hikes…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted first-quarter net profit of $9.65 billion as strong earnings from trading and higher liquefied natural gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme. The stronger-than-expected profits followed a string of forecast-beating results from rivals including BP…
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased, which could position trade to continue contributing to economic growth in the second quarter. The trade deficit contracted 9.1% to $64.2 billion, the Commerce Department said on Thursday. Data for February was revised to show the trade gap widening to $70.6…
