By Ana Mano SAO PAULO (Reuters) – Brazil’s ABPA, a lobby group representing large pork and chicken processors like JBS SA and BRF SA, said on Wednesday its member companies are facing difficulties shipping products through the Port of Shanghai. The statement, sent in response to a question from Reuters about the effects of the…
BOSTON (Reuters) – Proxy advisory firms Glass Lewis and Institutional Shareholders Services urged investors in healthcare real estate trust Ventas Inc to back management’s director candidates and reject activist investment firm Land & Buildings’ effort to win one board seat. Land & Buildings’ founder Jonathan Litt nominated himself as a director candidate, arguing that poor…
(Corrects Brent market movement in paragraph 2; fell, not rose) By Laura Sanicola (Reuters) -Oil settled nearly unchanged on Wednesday as broader concerns about economic growth and oil demand stagnation weighed against tightening supplies. Brent crude futures fell 45 cents, or 0.4 %, to settle at $106.80 a barrel. The front-month WTI crude futures contract,…
By Jonathan Stempel (Reuters) -Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. District Judge Edward Chen in San Francisco agreed with Musk and…
By Dawn Chmielewski and Tiyashi Datta (Reuters) – Netflix Inc’s plans to get tough on account sharing failed to reassure Wall Street that the world’s largest streaming video company had found a way to spark new growth. The company’s stock was down 36% in trading Wednesday, a day after Netflix said it would ask subscribers…
By Jessica DiNapoli NEW YORK (Reuters) – Household goods maker Procter & Gamble Co said in a securities filing on Wednesday that it may not be able to stay in business in Russia because of sanctions, restrictions on financial institutions, supply challenges and monetary controls. P&G and many of its competitors scaled back their business…
By Noel Randewich and Sinéad Carew (Reuters) – The collapse of Netflix’s stock on Wednesday after the company reported its first loss of customers in a decade is the latest drastic sign that Wall Street is abandoning streaming services and other pandemic winners and questioning whether they still merit growth stock valuations. With Netflix shares…
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings on Wednesday forecast a profit for the second quarter as it expects booming travel demand to generate the highest quarterly revenue in the company’s history. After a speed bump caused by the Omicron-driven surge in COVID-19 cases early in the year, travel demand has surged…
WASHINGTON (Reuters) – A group of 21 U.S. lawmakers sent a letter to Facebook chief executive Mark Zuckerberg on Wednesday voicing concern about what they called disinformation on the platform aimed at Spanish speakers about Russia’s invasion of Ukraine. The disinformation is spread by Moscow-backed outlets like RT en Espanol, among others, said the letter…
By Leticia Augusto and Ricardo Brito SAO PAULO/BRASILIA (Reuters) -Brazilian government officials have warned that the TCU federal audit court on Wednesday may further delay a ruling on the privatization of Eletrobras, which could derail plans to complete the process before this year’s election. For months, TCU auditors have reviewed the plan to relinquish state…
