US Boy Scouts exits Chapter 11 bankruptcy after abuse settlement
By Dietrich Knauth (Reuters) -The Boys Scouts of America said on Wednesday it had emerged from bankruptcy after battling back…
Business
L’Oreal beats expectations with strong sales in U.S., Europe
By Mimosa Spencer PARIS (Reuters) -L’Oreal reported a 13% rise in first-quarter sales, beating expectations thanks to strong business in…
Morgan Stanley beats estimates as wealth management shines
By Manya Saini and Tatiana Bautzer (Reuters) – Morgan Stanley’s profit beat expectations as wealth management revenue climbed in the…
Snap expands AI chatbot with ability to create images
By Sheila Dang (Reuters) -Snap Inc on Wednesday said its artificial intelligence chatbot will now be able to respond to…
United Airlines warns of macro risks, says ready to act if economy softens further
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil…
Exclusive-Gucci Milan site inspected in EU antitrust inquiry
By Emilio Parodi and Foo Yun Chee MILAN/BRUSSELS (Reuters) -European Union antitrust regulators have started inspecting a facility of luxury…
Tesla shorts mark-to-market profits up in April, down YTD -S3 Partners
NEW YORK (Reuters) – Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts…
Credit Suisse lodges $440 million London claim against SoftBank
LONDON (Reuters) – Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp in London as it…
Airbus tells shareholders Europe needs to ‘get its act together’ on autonomy
By Tim Hepher PARIS (Reuters) -Airbus told shareholders on Wednesday that European nations on need to “get their act together”…
Short positions on Canada’s TD Bank rise to $6.1 billion, ORTEX data shows
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a…