By Ananya Mariam Rajesh (Reuters) -Domino’s Pizza Inc on Thursday warned of a slowdown in its delivery business as consumers opt to cook at home instead of ordering in, sending shares of the company down 6% and taking the shine off the better-than-expected first-quarter results. Consumers whose disposable income has already been stretched by elevated…
(Reuters) – Vice Media Group (VMG) said on Thursday it will cancel popular TV program “Vice News Tonight” as part of a broader restructuring that will result in job cuts across the digital media firm’s global news business. “In response to the current market conditions and business realities facing VMG and the broader news and media…
By Arunima Kumar (Reuters) -Refiner Valero Energy Corp zoomed past quarterly profit estimates on Thursday, as margins received a boost from sustained fuel demand and tight crude supplies. Refiners have been riding a wave of favorable pricing and demand as pandemic-era closings boosted margins. Valero said its refining margins for the January-March quarter soared 84%…
By Andrey Sychev and Bartosz Dabrowski (Reuters) – Linde, the world’s largest industrial gases company, said on Thursday it sees potential to invest more than $50 billion worldwide in the next 10 years as governments turn to green energy. That includes potential investments of more than $30 billion in the United States, which the company…
By Mica Rosenberg, Joshua Schneyer and Kristina Cooke MONTGOMERY, Alabama (Reuters) – On Nov 22, a team of state and federal labor officials conducted a surprise inspection and noticed a young-looking worker at a warehouse operated here by the logistics unit of Korean automaking giant Hyundai Motor Group. The inspectors, according to an Alabama Department…
WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives has passed a bill that pairs $4.8 trillion of spending cuts with an increase in the federal government’s $31.4 trillion debt ceiling. It has no chance of passing the Democratic-led Senate, but is meant to pressure Democratic President Joe Biden into budget talks. Following is a…
By Giuseppe Fonte ROME (Reuters) – Italy is working on imposing a “solidarity” levy on its banks to fund relief measures for families hit by the cost of living crisis, a source familiar with the matter told Reuters. The levy is expected to be part of wider package of measures to be discussed by Italy’s…
By Richa Naidu LONDON (Reuters) – Despite some signs inflationary pressures are easing, Unilever warned on Thursday of big increases in the prices of dairy, soybean oil, cocoa and sugar in the first half of this year – potentially bad news for fans of its Ben & Jerry’s Half Baked ice cream. Unilever, which is…
HONG KONG (Reuters) – Embattled property developer China Evergrande Group said on Thursday that holders of more than 77% of its Class A offshore debt by value submitted support for its restructuring proposal, and it would extend the deadline for receiving an incentive to 5:00 p.m. Hong Kong time on May 18. Term sheets published…
(This April 26 story has been corrected to fix revenue description in paragraph 3) By David French and Anirban Sen NEW YORK (Reuters) – The private equity owners of Millennium Trust Company are exploring options for the U.S. retirement account custodian, including a sale that could value it at as much as $8 billion, including…
