By Yuvraj Malik (Reuters) -Uber Technologies Inc forecast quarterly core earnings above estimates on Tuesday, after a surge in demand for travel and food delivery helped the U.S. ride-sharing giant report better-than-expected results for the January-March period. Shares of the company rose 7% and helped drive small gains in those of rival Lyft Inc, which…
By Mayela Armas CARACAS (Reuters) – Some of U.S. oil major Chevron Corp’s export earnings from its Venezuela operations are bolstering supplies of U.S. dollars in the South American country, three sources with knowledge of the matter told Reuters. Chevron operates in Venezuela, which is under U.S. sanctions, with special authorization from Washington. It received…
By Arunima Kumar (Reuters) -Marathon Petroleum Corp said on Tuesday it expects strong margins throughout 2023 as demand grows while supply constraints persist, after the top U.S. refiner beat Wall Street estimates for quarterly profit. Closure of facilities during the pandemic and demand recovery have lifted refiners’ margins, further bolstered by tight crude supplies following…
By Howard Schneider FARIBAULT, Minnesota (Reuters) – Demand for Daikin Applied Americas Inc’s climate control equipment is soaring, and worker recruitment is in hyperdrive, with hiring trips to women’s shelters and immigrant support groups and an open door for applicants with no high school degree or manufacturing experience. For Minnesota’s healthcare industry, an estimated 5,000…
By Howard Schneider FARIBAULT, Minnesota (Reuters) – Demand for Daikin Applied Americas Inc’s climate control equipment is soaring, and worker recruitment is in hyperdrive, with hiring trips to women’s shelters and immigrant support groups and an open door for applicants with no high school degree or manufacturing experience. For Minnesota’s healthcare industry, an estimated 5,000…
By Sarah N. Lynch and Jasper Ward WASHINGTON (Reuters) -The U.S. Justice Department announced on Tuesday the arrest of 288 suspects, as part of an international law enforcement operation aimed at curbing the illicit trafficking of fentanyl and other dangerous opioids on the dark web. The operation, dubbed Operation SpecTor, involved multiple law enforcement agencies…
By Nick Carey BRIXWORTH, England (Reuters) – Mercedes-Benz has plugged its Formula One team into the engineering process to build vastly more efficient mass-market electric vehicles (EVs), slashing development times by a quarter or more as it jump starts efforts to keep pace with Tesla. F1 technology has always eventually bled over into mass-market vehicles….
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP made a $5 billion profit in the first quarter of 2023, a rise on the previous three months on the back of stellar oil and gas trading, but its shares fell sharply as it slowed a share buyback programme. The forecast-beating results from BP follow…
By Helen Coster and Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp on Tuesday reported higher-than-expected sales and operating profit in the first quarter, helped by divestitures and high customer retention rates, as it plans a deeper investment in artificial intelligence. The news and information company reported adjusted earnings of 82 cents per share, beating analyst…
By Jonathan Allen and Brendan O’Brien (Reuters) -Former Minneapolis police officer Tou Thao was found guilty of aiding and abetting in the 2020 killing of George Floyd, a Black man who died after his neck was pinned to the ground by another officer’s knee during a botched arrest. The verdict against Thao, who held back…
