MONTREAL (Reuters) -Canada’s Bombardier on Thursday reported a quarterly profit that beat expectations, boosted by demand for flying and maintaining private jets, but its free cash flow missed estimates, and its shares closed down 8.49%. The Montreal-based business jet maker reported a second-quarter profit of $10 million from continuing operations, compared with a loss of…
By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase expects to set aside about $3 billion to replenish the Federal Deposit Insurance Corporation’s (FDIC) fund once proposed rules are finalized by the bank regulator, the company said in a filing on Thursday. U.S. banking giants are expected to shoulder the bulk of costs to refill the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Investors in Asia may well have one aim in mind Friday – get through the day unscathed and close out what has perhaps been the first proper ‘risk off’ week since the U.S. regional banking…
(Reuters) – Tupperware Brands said on Thursday it has finalized an agreement with its lenders to restructure its debt obligations in an effort to turnaround its business, sending its shares soaring 57% after the bell. The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would…
By Tim Reid (Reuters) – A lawyer who supported Donald Trump’s attempts to overturn his 2020 election defeat was charged on Thursday with illegally accessing voting machines in Michigan, just hours before the former president was due to appear in a Washington, D.C., court on criminal charges that he conspired to cling on to power….
(Reuters) -The former head of one of New York City’s police unions was sentenced to two years in federal prison on Thursday on a fraud charge in which prosecutors accused him of stealing hundreds of thousands of dollars from the association. U.S. District Court Judge John Koeltl handed down the sentence to Ed Mullins, who…
WASHINGTON (Reuters) – Former U.S. President Donald Trump said after his arraignment on charges of trying to overturn the 2020 election that it was a “very sad day for America.” “This is a persecution of a political opponent. This was never supposed to happen in America,” Trump said before boarding his plane to return to…
By Deena Beasley (Reuters) -Amgen, which is facing U.S. Federal Trade Commission (FTC) delays to its planned acquisition of Horizon Therapeutics, on Thursday reported higher quarterly profit on strong sales of treatments for cholesterol, osteoporosis and other drugs. The biotech company, which slightly raised its outlook for full-year revenue and profit, said it currently expects…
By Michael Erman (Reuters) -Gilead Sciences on Thursday reported lower second-quarter profit as costs from a legal settlement and sharply lower sales of its COVID-19 treatment offset another strong performance by HIV drugs. The drugmaker raised its full-year revenue forecast, even as it trimmed its estimate for COVID antiviral Veklury due to lower pandemic-related hospitalizations….
By Lisa Baertlein and Aishwarya Nair (Reuters) – Thousands of UPS workers will start voting on their tentative contract agreement with the delivery giant on Thursday after local leaders of the International Brotherhood of Teamsters endorsed the union’s deal earlier this week. The tentative deal covering 340,000 Teamsters-represented workers at United Parcel Service averted a…
