(Reuters) -Facebook parent Meta Platforms has delayed its U.S. office reopening date and mandated COVID-19 booster shots for employees returning to office, joining the growing list of companies revamping reopening plans as Omicron surges. For employees who opt to work from office, the reopening date has been delayed to March 28 from the earlier plan…
(Reuters) – Rivian Automotive Inc produced 1,015 vehicles by the end of 2021, the Amazon-backed electric pickup truck maker reported in a filing on Monday, in line with its lowered expectations. Last month, Rivian said it expected production to be “a few hundred vehicles short” of its 2021 target of 1,200 because of supply chain…
By Hilary Russ NEW YORK (Reuters) -A Starbucks cafe in Buffalo, New York, became the second unionized company-owned Starbucks Corp location in the United States after the federal labor board on Monday certified the results of last month’s election there. Baristas at the company’s cafes in at least seven other cities have said since last…
(Reuters) -Abercrombie & Fitch Co and Big Lots Inc gave investors a first look at the impact COVID-19 was having on their businesses, with both retailers providing disappointing forecasts citing supply chain hurdles and the spread of the Omicron variant. However, apparel retailer Abercrombie said it had seen a pickup in post-holiday sales, sending its…
(Adds dropped letter in first paragraph) By Clare Jim and Marc Jones HONG KONG/LONDON (Reuters) – China’s property sector saw more drama on Monday after reports Shimao – investment grade-rated until a couple of months ago – had put all its projects up for sale, and Evergrande attempted to avoid another high-profile default. More unwelcome…
By Ernest Scheyder (Reuters) – Tesla Inc has signed its first U.S. nickel supply deal, choosing Talon Metals Corp’s Tamarack mine project in Minnesota due to plans to make the electric vehicle battery metal in a way it considers more environmentally friendly. The deal, announced on Monday, comes as demand for nickel is expected to…
(Reuters) – Apparel retailer Abercrombie & Fitch Co said on Monday it expects fourth-quarter net sales to rise between 4% and 6%, or $1.17 billion to $1.19 billion, from the year-ago quarter. Analysts, on an average, expect fourth-quarter sales at $1.24 billion, according to IBES data from Refinitiv. (Reporting by Ananya Mariam Rajesh in Bengaluru;…
By Alexander Hübner and Christoph Steitz FRANKFURT (Reuters) – U.S. financial investor Cerberus, which has favoured a merger of Deutsche Bank and Commerzbank in the past, on Monday divested a large chunk of its holdings in the two top German lenders, the bank running the sale said. The sale marks a significant scaling back by…
By Nichola Saminather and Sohini Podder TORONTO (Reuters) -Canada’s major banks plan to pursue their quest for growth south of the border, their top executives said on Monday, after Bank of Montreal’s $16.3 billion Bank of the West buy last month. With billions of dollars of excess capital and share prices close to record highs,…
By David Henry and Matt Scuffham NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Monday the economy is generating so much inflation that the Federal Reserve might have to raise short-term interest rates https://www.reuters.com/markets/funds/goldman-sachs-expects-four-fed-rate-hikes-this-year-2022-01-10 more than four times this year. Speaking to CNBC, Dimon said, “It’s possible that…
