By Giulio Piovaccari MILAN (Reuters) -Luxury sports car maker Ferrari raised its full-year revenue and core earnings forecasts on Wednesday, citing “exceptional” second quarter results and “robust” orders. Ferrari’s modestly improved guidance was supported in particular by lucrative personalisations, which include a total carbon-fibre finish, as well as a strong product mix, Chief Executive Benedetto…
By Karl Plume (Reuters) – Bunge Ltd raised its full-year earnings outlook on Wednesday after improved processing margins helped the agri-trader post a second-quarter profit above Wall Street estimates, sending shares up sharply. Bunge forecast full-year adjusted profit to be at least $11.75 per share on an improving margin outlook, up from guidance of $11…
By Khushi Mandowara and Bhanvi Satija (Reuters) -CVS Health Corp on Wednesday said it began cutting jobs and had shut its clinical trials services as part of a plan to rein in costs as the company gears up for a tough environment for its health insurance business next year. CVS also trimmed its 2024 profit…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. private payrolls rose more than expected in July as small businesses boosted hiring, pointing to continued labor market resilience that could shield the economy from a recession. The ADP National Employment report on Wednesday also showed a moderation in wage growth, which bodes well for the inflation outlook. It…
By Rachel Nostrant NEW YORK (Reuters) – Knees to their chests, dozens of men from countries such as Venezuela, Mali, and Senegal sat on a dirty New York City sidewalk outside a Manhattan hotel Tuesday, awaiting asylum processing. Some had been there for days, in a line that wrapped around the block and that underlined…
By Nupur Anand NEW YORK (Reuters) – Wells Fargo on Wednesday said it may commit $60 million to Concordance, a nonprofit organization that helps workers with criminal records re-enter the workforce. The bank is focused on providing financial support to the program, but it could consider hiring individuals with criminal records in the future, said…
By Raul Cortes and Kylie Madry MEXICO CITY (Reuters) -The Mexican central bank’s benchmark interest rate is at the correct level, and its board does not want to raise it again even in the face of more U.S. rate hikes, the Bank of Mexico’s Jonathan Heath said in an interview published on Wednesday. Mexico’s central…
By Arshreet Singh (Reuters) -DuPont de Nemours Inc raised its 2023 sales forecast on Wednesday, betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors. The chemicals maker had in May cut the top end of its annual revenue expectations, citing a slower-than-expected recovery…
(Reuters) – American Airlines said on Wednesday that it is in talks with planemakers Airbus and Boeing over a new narrowbody jet order, at a time when airlines rush to order more aircraft amid a travel boom. Bloomberg News earlier reported that the airline was in talks with the companies to order at least 100…
By Helen Coster NEW YORK (Reuters) -Thomson Reuters Corp on Wednesday reported higher sales and operating profit in the second quarter, helped by strong performance at its “Big 3” segments: Legal Professionals, Corporates and Tax & Accounting Professionals. The provider of information and tools for lawyers, accountants and other professionals reported adjusted earnings of 84…
