Xponential plunges after short-seller alleges fitness chain misled investors
(Reuters) – Shares of Xponential Fitness slumped nearly 34% on Tuesday after short-seller Fuzzy Panda Research alleged that the boutique…
Business
EU wants all textile waste rules in place by 2028 – commissioner
By Jacob Gronholt-Pedersen Copenhagen (Reuters) – The European Commission wants all planned regulations requiring fashion companies to produce clothes in…
Sale of maker of Purell hand sanitizer falls flat -sources
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) -The end of the COVID-19 pandemic has weighed not just on…
Brookfield values American Equity at $4.3 billion in takeover bid
By Niket Nishant (Reuters) -Annuities provider American Equity Investment Life Holding said on Tuesday it has received a takeover offer…
Delta lifts profit outlook on sustained travel demand
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO (Reuters) -Delta Air Lines on Tuesday lifted its second-quarter profit outlook and…
ACI Worldwide fined $25 million for multibillion-dollar mortgage payment ‘fiasco’
(Reuters) – The top U.S. consumer finance watchdog on Tuesday said it had fined the Nebraska payment processor ACI Worldwide…
U.S. consumer confidence approaches 1-1/2-year high in June
WASHINGTON (Reuters) – U.S. consumer confidence increased in June to the highest level in nearly 1-1/2 years, but fears of…
Ford to cut jobs in the US, Canada to trim costs
By Aishwarya Nair (Reuters) – Ford Motor Co said on Tuesday it will begin layoffs this week, impacting mostly engineering…
Lordstown Motors files for bankruptcy, sues Foxconn
By Mike Spector, Joseph White and Dietrich Knauth NEW YORK (Reuters) – U.S. electric truck manufacturer Lordstown Motors filed for…
Ryanair aiming for at least 50% growth in east, central Europe
By Alan Charlish WARSAW (Reuters) – Ryanair expects passenger numbers in central and eastern Europe (CEE) to surge by at…