Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Lazard quarterly profit slumps 90% on dealmaking lull
(Reuters) - Lazard reported a 90% drop in third-quarter profit on Thursday, as the boutique investment bank's advisory business reeled from a prolonged slump in dealmaking activity. The company report...
Oct 26, 2023
Harley-Davidson profit hit by slowing demand
(Reuters) - Harley-Davidson Inc on Thursday reported a 24% fall in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures. The co...
Oct 26, 2023
Royal Caribbean raises annual profit forecast on steady demand
(Reuters) -Royal Caribbean Group raised its full-year profit forecast on Thursday, backed by higher ticket prices as well as steady demand from affluent customers for leisure travel. Shares of Miami, ...
Oct 26, 2023
JLR to build electric Defender model at Slovak plant
By Nick Carey LONDON (Reuters) - Jaguar Land Rover (JLR) will produce an electric version of its signature Defender vehicle as part of plans to launch nine fully electric models by 2030, it said on Th...
Oct 26, 2023
Mexico’s Cemex Q3 profit slides on year-ago asset sale and as taxes bite
By Kylie Madry MEXICO CITY (Reuters) - Mexican cement-maker Cemex on Thursday reported a 75% slump in third-quarter profit, on a nearly five-fold rise in taxes and as hefty asset sales last year hurt ...
Oct 26, 2023
Sam Bankman-Fried could take stand at fraud trial over FTX collapse
By Luc Cohen NEW YORK (Reuters) - Sam Bankman-Fried could take the stand at his fraud trial as soon as Thursday, when prosecutors are set to finish presenting their case accusing the founder of now-ba...
Oct 26, 2023
UPS cuts annual revenue forecast on weak delivery demand
(Reuters) -United Parcel Service cut its 2023 revenue forecast due to lower e-commerce delivery demand as it fights to win back customers lost during its tumultuous labor talks, sending its shares dow...
Oct 26, 2023
Bunge beats third-quarter profit estimates
(Reuters) -Bunge beat Wall Street expectations for third-quarter profit on Thursday, as the grain trader and processor benefited from strong global export demand. Earnings from its refined & specialty...
Oct 26, 2023
Moscow court upholds Rosbank’s $12 million damages claim against Citi
MOSCOW (Reuters) - A Moscow court has upheld a claim by Rosbank to recover damages worth 94.47 million Hong Kong dollars ($12.08 million) from U.S. lender Citi and its affiliate in Hong Kong, Russian ...
Oct 26, 2023
Factbox-Executives who defended themselves at criminal trials in the U.S
By Jody Godoy (Reuters) - Sam Bankman-Fried was due to take the stand on Thursday and become the latest senior business executive to testify at their own white-collar criminal trial in the U.S. in rec...
Oct 26, 2023
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