American Airlines Group on Wednesday cut its third-quarter adjusted profit forecast, to account for higher fuel costs and expenses related to its new collective bargaining agreement with the ALPA union.
The number of new corporate defaults globally reached 16 in August, the highest August monthly number since 2009, S&P said in a report released on Wednesday, the latest sign that corporate stress is building.
Miner Sigma Lithium , said on Wednesday it is evaluating strategic alternatives for the whole company, including its Brazilian unit, sending the company’s U.S.-listed shares up 14.8% in premarket trading.
Dollarama raised annual sales forecast on Wednesday after topping quarterly sales estimates, as Canadians lapped up the discount retailer’s cheaper offerings in response to higher prices of essentials.
Argentines, up against painful annual inflation at 113% and rising, are running a daily gauntlet to find deals and lower prices as rapid hikes often leave big differences from one shop to the next, with scattered discounts to lure shoppers.
Moderna on Wednesday announced it was scaling down manufacturing of its COVID-19 vaccine, an updated version of which was approved this week by U.S. regulators, to align with lower post-pandemic demand and help the company sooner hit its target of 75% to 80% gross margin growth.