(Refiles to fix typo in lead) ZURICH (Reuters) -Former Credit Suisse chairman Antonio Horta-Osorio has been ordered to pay a fine of 2,000 Swiss francs ($2,178) after breaking COVID-19 quarantine rules, prosecutors said on Wednesday, following his resignation from the bank. The rule-breaking was an embarrassment for the former Lloyds chief executive who left on…
(Reuters) – American Airlines Group Inc said on Wednesday it has agreed to buy an additional 23 737 MAX 8 aircraft from Boeing Co by exercising existing purchase options and deferring the delivery of some 787-9 Dreamliner aircraft. The airline’s move to boost its 737 MAX fleet comes at a time when domestic travel in…
By Akash Sriram and Subrat Patnaik (Reuters) – Google-parent Alphabet Inc inched closer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant’s shares surged 10% on Thursday after another blowout quarter. The gains, if they hold, could be the biggest single-day gain for the stock since…
(Reuters) -D.R. Horton Inc on Wednesday raised its fiscal 2022 revenue forecast as it benefits from record-high home prices that helped the largest U.S. homebuilder report a stellar quarterly profit. D.R. Horton’s shares rose 3.4% before the bell as the company beat first-quarter profit estimates despite an acute shortage of properties on the market, largely…
By Nivedita Balu and Danielle Kaye (Reuters) – The holidays were a gift to Alphabet Inc’s Google, quarterly results showed. Next up: Facebook owner Meta Platforms Inc. Alphabet’s internet advertising, cloud computing and hardware businesses helped the Google owner soundly beat Wall Street targets for the holiday quarter, sending shares up as much as 9%…
HELSINKI (Reuters) – Elevator maker Kone reported slightly weaker-than-expected fourth-quarter core earnings on Wednesday, burdened by global supply chain distruptions. The Finnish company gave a new estimate for its 2022 profits, expecting its adjusted operating income to be in the range of 1.18-1.33 billion euros ($1.33-$1.50 billion), slightly down from 1.31 billion in full-year 2021….
By Joice Alves LONDON (Reuters) – The euro rose for a third consecutive day on Wednesday, after hitting a 20-month low last week, as markets awaited euro zone inflation data for clues on the European Central Bank’s next move. The euro has been under pressure, slipping 8% in three months, amid expectations that the ECB…
By Huw Jones LONDON (Reuters) – Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation. Stellar earnings from Google parent Alphabet after Wall Street closed on Tuesday…
By Dhara Ranasinghe A look at the day ahead in markets from Dhara Ranasinghe. The European Central Bank’s plan to start tiptoeing away from monetary stimulus may be put to the test with Wednesday’s flash inflation release. Economists polled by Reuters forecast inflation in the euro bloc rose 4.4% in January from a year earlier,…
By Ludwig Burger FRANKFURT (Reuters) -Novartis forecast its sales and core operating profit would grow at a mid-single-digit rate this year, as the Swiss pharmaceuticals group nears a decision on whether to keep or sell its generics business Sandoz. The pharmaceuticals company in October raised the prospect of divesting Sandoz after years of revamping the…