SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22.39 million), hit by high investment costs at its acquired food retailer Grupo BIG, the company said in a filing with Brazil’s main stock exchange on Tuesday. The company posted a net profit of 370 million reais in the same January-to-March…
(Reuters) – Ukrainian President Volodymyr Zelenskiy told the Washington Post in an interview published on Tuesday that the White House did not inform him about a leak of secret U.S. documents that grabbed attention around the world last month. “I did not receive information from the White House or the Pentagon beforehand,” Zelenskiy was quoted…
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes fell more than 1% each on Tuesday as regional bank shares tumbled on renewed fears over the financial system and as investors tried to gauge how much longer the Federal Reserve may need to hike interest rates. The Fed is expected to announce Wednesday…
(Reuters) – The Ukrainian general in charge of ground forces said his troops would not give up the eastern city of Bakhmut as they prepare to begin a counteroffensive against occupying Russian forces. FIGHTING/MILITARY * The United States plans to announce as soon as Wednesday a $300 million military aid package for Ukraine that will…
(Please read headline “to provide additional liquidity” instead of “ease liquidity worries” and in first paragraph please read “to provide additional liquidity” instead of “to calm investor worries”) (Reuters) -PNC Financial Services Group Inc said on Tuesday the parent company and its banking unit can offer up to $15 billion of its commercial paper to…
By Blake Brittain (Reuters) – Vanda Pharmaceuticals Inc has sued the federal government in Washington, D.C., federal court over accusations that the U.S. Food and Drug Administration passed trade secrets about its schizophrenia drug Fanapt and sleep-disorder medication Hetlioz to generic competitors. In a complaint made public Tuesday, Vanda said the agency disclosed confidential details…
By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks Corp beat Wall Street estimates on Tuesday for quarterly profits, powered by a sharp recovery in business in China, but shares fell about 6% in after-hours trading after the company did not lift its 2023 guidance. With most of China’s COVID-19 curbs now scrapped, consumer mobility…
By Joseph White and Nathan Gomes (Reuters) -Ford Motor Co on Tuesday posted robust first-quarter revenue and profit, thanks to strong demand for trucks and SUVs, but issued a measured full-year outlook tempered by continued losses in its electric-vehicle unit. In a late briefing, Ford Chief Executive Officer Jim Farley said he hopes the company…
By Blake Brittain (Reuters) – Amgen Inc sued Novartis AG’s Sandoz in New Jersey federal court Monday, accusing Sandoz’s proposed versions of its multibillion-dollar bone-strengthening drugs Prolia and Xgeva of infringing several patents. Amgen asked the court to block Sandoz’s biosimilars of the drugs until its patents expire. One of the patents named in the…
By Jessica DiNapoli NEW YORK (Reuters) – Clorox Co is revamping its sales plans for its Kingsford grilling briquettes and pellets, staples at summer barbecues across the United States, after hiking prices and losing market share to competitors, an executive told Reuters on Tuesday. The Oakland, California-based company bumped up prices on Kingsford charcoal in…
