By Helen Coster and Samrhitha A NEW YORK (Reuters) -Comcast Corp beat estimates for quarterly revenue on Thursday, helped by higher theme park attendance and the successful theatrical releases of “The Super Mario Bros Movie” and “Fast X”, sending its shares up nearly 6%. The company’s total revenue rose 1.7% to $30.51 billion in the…
ZURICH (Reuters) -Holcim said on Thursday it expects to set another record for sales from North America this year as the world’s biggest cement maker goes after new business resulting from companies bringing production home and taking advantage of government subsidies. The forecast came as the company posted better-than-forecast quarterly results. Manufacturers are shifting production…
By Patricia Zengerle WASHINGTON (Reuters) – U.S. Senator Bob Menendez said on Wednesday he still had concerns about the sale of F-16 fighter jets to Turkey, and had not changed his hold on the sale of the aircraft. There is “nothing new,” Menendez, the Democratic chairman of the Senate Foreign Relations Committee, told Reuters at…
By Mehr Bedi (Reuters) -Hershey raised its full-year adjusted profit forecast on Thursday, bolstered by price increases for the Reese’s peanut-butter cups maker’s chocolates and candy even as demand starts to falter. Big names in the packaged food industry, including Kellogg, Coca-Cola Co and Hershey, have hiked product prices multiple times over the past year…
(Reuters) -Mastercard on Thursday reported a bigger-than-expected rise in second-quarter profit, boosted by resilient spending in a turbulent economy. Unfazed by stubborn inflation and a stormy economic environment, Mastercard’s customers continued to spend heavily on travel and entertainment even as rate hikes by the Federal Reserve have increased the odds of a recession later this…
(Reuters) – The European Central Bank raised interest rates for the ninth consecutive time on Thursday and kept the door open to further tightening, as stubborn inflation and a growing risk of a recession pull policymakers in opposing directions. Fighting off a historic surge in prices, the ECB has now lifted borrowing costs by a…
By Jonathan Stempel and Tatiana Bautzer NEW YORK (Reuters) -Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to avoid reducing the ability of U.S. banks to compete globally. In an interview with Fox Business, Moynihan said the process needs to…
By Gianluca Semeraro MILAN (Reuters) -Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in the new fiscal year, as its Chief Executive Alberto Nagel said he was available for another three-year term. Mediobanca shareholders will be asked to renew the board in late October….
(Reuters) – China Evergrande New Energy Vehicle Group said on Thursday that it had applied to the Hong Kong Stock Exchange to resume trading in the company’s shares on Friday. Trading in the shares of the company, the electric vehicle unit of China Evergrande Group, has been suspended since April 1, 2022, after it got…
By Stanley Widianto and Josh Ye JAKARTA/HONG KONG (Reuters) – TikTok said it has no plans to roll out a cross-border business in Indonesia as a government minister on Thursday expressed concerns over how reported plans for a new e-commerce push by the firm could flood the country with Chinese products. The short video app,…
