By Susanna Twidale LONDON (Reuters) – A standard to assess companies’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on Wednesday by a global initiative seeking to bring transparency and confidence to an unregulated market. Many companies have set net zero emission targets but acknowledge they will…
(Refiles to correct first sentence to fix day of week to Tuesday) By Chuck Mikolajczak NEW YORK (Reuters) – The dollar index retreated on Tuesday after a host of economic data releases indicated the U.S. economy remains resilient and may not be close to a recession, while the euro strengthened after comments from European Central…
By Chibuike Oguh NEW YORK (Reuters) – SL Green Realty Corp’s shares rose on Tuesday, extending gains from the previous session, after some research analysts heaped praise on the real estate investment trust (REIT) for selling a 50% stake in one of its prime New York City office buildings. SL Green announced on Monday that…
By Manas Mishra and Michael Erman (Reuters) -Walgreens Boots Alliance on Tuesday warned that lower spending by inflation-weary consumers and a hit from a larger-than-expected drop in COVID-19 product sales would likely persist into next year, sending its shares down by 9%. The end of the COVID emergency in May led to a steep drop…
By Abhirup Roy and Akash Sriram (Reuters) – Amazon.com Inc’s self-driving vehicle unit Zoox has grown its headcount by about 16% at a time when access to capital is tight and other large companies have exited the autonomous driving sector. Amazon’s shares were 1.2% higher at $128.84 in early afternoon trading. Based in California, Zoox,…
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Tuesday approved Overstock.com’s $21.5 million purchase of Bed Bath & Beyond’s brand name, intellectual property and ecommerce platform. U.S. Bankruptcy Judge Vincent Papalia approved the sale at a court hearing in Newark, New Jersey, saying that he was “gratified” to see a bidder…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices slumped over 2% on Tuesday on signals that central banks may not be done with interest rate hikes, while industry data showed lower U.S. crude and gasoline inventories during the peak summer driving season. Brent crude futures settled down $1.92, or 2.6%, at $72.26 a barrel. U.S….
(Reuters) – Harley-Davidson on Tuesday named insider Jonathan Root as its new chief financial officer to succeed Gina Goetter who stepped down in April. Root, who will take charge immediately, most recently served as senior vice president of Harley-Davidson Financial Services (HDFS) after joining it in 2011. He has previously held a variety of roles…
WASHINGTON (Reuters) -Sales of new U.S. single-family homes surged to the highest level in nearly 1-1/2 years in May, benefiting from a dearth of previously owned homes available for sale. New home sales jumped 12.2% to a seasonally adjusted annual rate of 763,000 units last month, the highest level since February 2022, the Commerce Department…
WASHINGTON (Reuters) – President Joe Biden said on Tuesday the United States economy is “strong now” and he does not expect a recession, a day before delivering an economic policy speech in Chicago. Biden delivered his remarks on Tuesday at a private fundraiser in Chevy Chase, Maryland. He will deliver a speech on Wednesday in…
