(Reuters) -World Wrestling Entertainment Inc on Wednesday reported a drop in first-quarter revenue and operating income due to a delay in a key event but maintained its full-year earnings forecast. The sports entertainment company said it continues to target “record revenue” and adjusted operating income before depreciation and amortization (OIBDA) of $395 million to $410…
WASHINGTON (Reuters) – The U.S. services sector maintained a steady pace of growth in April as new orders increased amid a surge in exports, but businesses continued to face higher prices for inputs, indicating that inflation could remain elevated for some time. The Institute for Supply Management (ISM) said on Wednesday that its non-manufacturing PMI…
By Liz Hampton DENVER (Reuters) -U.S. shale gas producer Chesapeake Energy on Wednesday said it anticipated volatility in natural gas markets to persist, and that it could hold off bringing some wells online if low prices continue. Chesapeake said it had opted to conduct some maintenance in the Haynesville shale while gas prices were low….
WASHINGTON (Reuters) – President Joe Biden nominated another four federal judges on Wednesday, including two women of Asian descent who would be the first such U.S. judges on their court or in their state. The Senate, which Biden’s fellow Democrats narrowly control, must approve the candidates, who were nominated to posts in Michigan, Pennsylvania, Connecticut…
(Reuters) – Exelon Corp beat first-quarter profit estimates on Wednesday, as the U.S. electric and gas utility company benefited from customer additions and higher prices. The company’s adjusted net income was 70 cents per share for the quarter ended March 31, higher than analysts’ average estimate of 66 cents per share, according to Refinitiv data….
By Noel Randewich (Reuters) -While Wall Street frets that the Federal Reserve’s aggressive interest rate hikes will tip the U.S. economy into a recession, discussions on recent quarterly conference calls hint that corporations and analysts have become a bit less concerned. Terms related to an economic downturn have been uttered less on quarterly earnings calls…
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen will travel to Niigata, Japan next week to participate in the Group of Seven (G7) finance ministers and central bank governors meeting, the Treasury Department said on Wednesday. Treasury said Yellen would work with G7 partners to strengthen the global economy, including by coordinating…
By Doyinsola Oladipo NEW YORK (Reuters) – Airbnb Inc will allow guests to break their payments into installments and see the nightly price inclusive of fees while browsing as the company expects a record 300 million guest arrivals in 2023. The San Francisco-based company has been a big beneficiary of remote and hybrid work that…
By Tanvi Mehta and Chris Thomas NEW DELHI (Reuters) – India’s Wadia Group, the owner of cash-strapped Go Airlines (India) Ltd, is completely committed to the company, and has no plans to exit it, the airline’s chief executive said on Wednesday. The news came a day after the airline, recently rebranded as Go First, filed…
(Reuters) – Shares of major U.S. regional banks were volatile on Wednesday, after two straight sessions of declines following the collapse of the third U.S. lender and investors looked ahead to the Federal Reserve’s commentary at its policy meeting. The central bank is widely expected to raise its benchmark interest rate by another 25 basis…
