(Reuters) – USA Boxing’s withdrawal from IBA to join a breakaway world body will hurt its members as well as depriving others of opportunities, the Russian-led association said on Thursday. USA Boxing, representing the most successful country in the sport’s Olympic history, announced on Wednesday it had left the International Boxing Association (IBA) with immediate…
By Emily Rose JERUSALEM (Reuters) -Florida Governor Ron DeSantis on Thursday brushed off legal action taken against him by Walt Disney Co, describing it as politically motivated and accusing the global entertainment giant of lacking accountability and transparency. Disney, in a lawsuit filed this week, accused the DeSantis administration of “weaponizing its power to inflict…
By Ananya Mariam Rajesh (Reuters) -Domino’s Pizza Inc on Thursday warned of a slowdown in its delivery business as consumers opt to cook at home instead of ordering in, sending shares of the company down 6% and taking the shine off the better-than-expected first-quarter results. Consumers whose disposable income has already been stretched by elevated…
By Sam Tobin LONDON (Reuters) -Queen Elizabeth knew that Rupert Murdoch’s UK newspaper arm had been spying on her family and their friends, and authorised her staff to “draw a line” under the issue, according to an email released on Thursday in a lawsuit by her grandson Prince Harry. Harry is suing Murdoch’s News Group…
By Daniel Wiessner (Reuters) – New York’s top state court on Thursday threw out claims by yellow cab operators that New York City diminished the value of their taxi licenses by failing to rein in app-based competitors like Uber Technologies Inc and Lyft Inc. The New York Court of Appeals in a unanimous ruling said…
By Ankit Kumar and Divya Rajagopal (Reuters) -Newmont Corp posted first-quarter profit on Thursday that beat Wall Street expectations, as the world’s largest gold miner benefited from higher prices of the metal. Average prices of gold, considered to be a safe-haven asset, rose 7.8% and peaked at more than $2,000 per ounce during the reported…
By Arunima Kumar (Reuters) -Refiner Valero Energy Corp zoomed past quarterly profit estimates on Thursday, as margins received a boost from sustained fuel demand and tight crude supplies. Refiners have been riding a wave of favorable pricing and demand as pandemic-era closings boosted margins. Valero said its refining margins for the January-March quarter soared 84%…
By Andrey Sychev and Bartosz Dabrowski (Reuters) – Linde, the world’s largest industrial gases company, said on Thursday it sees potential to invest more than $50 billion worldwide in the next 10 years as governments turn to green energy. That includes potential investments of more than $30 billion in the United States, which the company…
By Nathan Gomes (Reuters) -U.S. car rental company Hertz Global Holdings Inc said on Thursday it was preparing for strong summer travel demand and projected a 20% jump in second-quarter revenue from the first, driving its shares up as much as 4%. U.S. carriers including Southwest Airlines Co, Delta Air Lines Inc and United Airlines…
By Patrick Wingrove and Leroy Leo (Reuters) -AbbVie Inc on Thursday missed quarterly revenue estimates for its newer treatments, fueling concerns over the drugmaker’s attempts to cushion the blow to sales from fresh competition for its flagship arthritis drug Humira. The company’s shares tumbled more than 8% as investors shrugged off a raised full-year profit…
