By Manya Saini (Reuters) -Investment bank Lazard’s second-quarter profit fell 76% as its advisory business reeled from a prolonged slump in dealmaking, but executives said on Thursday that they were seeing early signs that things were bottoming out. Confidence was improving among boards and investors amid expectations that the Federal Reserve was nearing the end…
By Michael Holden LONDON (Reuters) -Prince Harry can take some of his lawsuit against media magnate Rupert Murdoch’s tabloids to trial, London’s High Court ruled on Thursday, but claims of decades-old phone hacking were thrown out for being filed too late. The court also rejected one of Harry’s central arguments, that there had been a…
By Maggie Fick LONDON (Reuters) – The factory that fills the self-injection pens for booming weight-loss drug Wegovy has repeatedly breached U.S. sterile-safety rules in recent years and staff have failed to perform required quality checks, a Reuters review of regulatory documents shows. The breaches at Catalent, the Wegovy pen filler, were found by inspectors…
(Reuters) – Air conditioner maker Carrier Global on Thursday raised its full-year adjusted profit above Wall Street estimates, encouraged by robust demand for the company’s heat pumps, refrigerators, and aftermarket repair services. The Florida-based company is betting on the rapid adoption of heat pumps in European homes. “There are 8.5 million heat pumps in European…
By Ashitha Shivaprasad (Reuters) – Analysts slightly lowered their gold forecasts for this year on the grounds zero-yield bullion would need a catalyst for another run to all-time highs, such as an interest rate cut from the Federal Reserve, a Reuters poll showed on Thursday. The poll of 36 analysts and traders conducted through July…
By Bianca Flowers and Kannaki Deka (Reuters) -Harley-Davidson Inc. revised its sales outlook for the year after profit fell 17.5% in the second quarter as a suspension of production hit motorcycle shipments, the company said on Thursday. Company executives attributed the earnings miss to production being temporarily halted in June at the company’s York, Pennsylvania,…
(Reuters) – Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business. Aviation suppliers, such as Honeywell and General Electric, have gained from faster-than-expected rebound in air travel, which has driven demand for parts and services. Sales at Honeywell’s aerospace…
A look at the day ahead in U.S. and global markets from Mike Dolan With markets still betting Wednesday’s interest rate hike from the Federal Reserve was the last in the cycle, the European Central Bank is due to follow suit today – while Meta provided one of bright spots of a packed corporate earnings…
(Reuters) – Gap Inc has turned to Richard Dickson, credited with turning around the Barbie brand at Mattel, to lead the struggling retailer’s revamp efforts after years of inconsistent sales and profits. The exit of Art Peck in 2019 after nearly four years as CEO in the middle of a restructuring plan to split Old…
By Michal Aleksandrowicz (Reuters) – Forvia’s shares fell as much as 8% in early trading on Thursday, after a slight hike to the car parts maker’s annual targets failed to impress investors. The world’s seventh-largest automotive supplier raised its estimate for global auto production to around 86 million light vehicles this year, from 82 million…
