Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
LATAM Airlines expects record earnings in 2024
MEXICO CITY (Reuters) - LATAM Airlines projected on Thursday record earnings for next year of between $2.6 billion and $2.9 billion. The metric, measured in adjusted earnings before interest, taxes, d...
Dec 14, 2023
FDIC-run Signature Bridge Bank sells 20% stake of $16.8 billion real estate portfolio
(Reuters) - The Federal Deposit Insurance Corp-run Signature Bridge Bank said on Thursday it has sold 20% of its equity stake in the venture that holds a $16.8 billion real estate loan portfolio, whic...
Dec 14, 2023
Mexico’s Nuevo Leon state gives Tesla $153 million in incentives for factory
MEXICO CITY (Reuters) -Mexico's northern state of Nuevo Leon approved $153 million in incentives for Tesla as the carmaker prepares to build a factory, the state government said in a statement on Thur...
Dec 14, 2023
GM to lay off 1,300 workers at two Michigan plants – automaker
(Reuters) - General Motors said on Thursday it is laying off 1,300 workers at two Michigan auto factories in early January. The largest U.S. automaker said 945 workers will be laid off at its Orion As...
Dec 14, 2023
RTX insider Christopher Calio to succeed Gregory Hayes as CEO
(Reuters) -RTX said on Thursday that Christopher Calio, the company's current chief operating officer, would succeed Gregory Hayes as the aerospace and defense firm's CEO. Under Hayes, RTX - formerly ...
Dec 14, 2023
Lennar quarterly profit rises on higher housing demand
(Reuters) - U.S. homebuilder Lennar Corp said on Thursday its quarterly profit rose, as a production deficit and a chronic supply shortage resulted in sustained housing demand. Existing housing supply...
Dec 14, 2023
Marketmind: Pivot party rolls on
By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asian markets are set to end the week on the front foot as another steep slide in the dollar and U.S. bond yields extends the Fe...
Dec 14, 2023
Costco tops quarterly sales, profit estimates on strong demand for cheaper groceries
By Granth Vanaik (Reuters) -Costco Wholesale topped Wall Street estimates for quarterly sales and profit on Thursday, as more customers turned to its stores to shop for cheaper groceries and essential...
Dec 14, 2023
Brazil stocks reach record high after fresh rate cut, Fed signals
SAO PAULO (Reuters) - Brazilian stocks rose to a record high on Thursday, as the U.S. Federal Reserve signaled toward lower interest rates in 2024, while the local central bank cut benchmark rates by ...
Dec 14, 2023
Freepoint settles US charges over multi-year bribery scheme
NEW YORK (Reuters) -Freepoint Commodities LLC has agreed to pay over $98 million to settle U.S. charges in connection with a scheme to misappropriate material non-public information and bribe Brazilia...
Dec 14, 2023
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