Global fund managers are exploring ways to spread their counterparty risk, with many regularly monitoring the credit ratings of their dealer banks following the recent banking crisis, according to an industry survey released on Wednesday.
German car group Volkswagen will not decide at the moment on a further site for a new battery factory site, Chairman Oliver Blume said on Wednesday after talks with Czech government officials this week.
Norwegian Cruise Line Holdings trimmed its annual profit forecast on Wednesday, as elevated fuel costs offset gains from higher ticket prices and resilient demand for cruise bookings, sending the company’s shares down more than 4% before the bell.
Spirit AeroSystems on Wednesday cut its full-year forecast for 737 fuselage deliveries, one of its biggest programs, as it grapples with a production defect involving improperly drilled holes on the aft pressure bulkhead.
U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive harms stemming from recent multi-billion dollar acquisitions by oil and gas giants Exxon Mobil and Chevron Corp .
TE Connectivity beat Wall Street expectations for fourth-quarter profit on Wednesday as demand for its sensor technology was buoyed by steady sales of electric vehicles (EVs) across the globe.
The European data regulator has agreed to extend a ban on “behavioural advertising” on Facebook and Instagram to cover all 30 countries in the European Union and the European Economic Area, Norway’s data regulator said late on Tuesday.
Kraft Heinz beat Wall Street estimates for third-quarter profit and raised its annual forecast as the Jell-O maker’s margins benefited from higher prices of its packaged meals and condiments.
Yum Brands on Wednesday topped Wall Street estimates for third-quarter sales as inflation continues to weigh on budgets, prompting more consumers to turn to Taco Bell and KFC for cheaper restaurant meals.
Canada Goose Holdings , cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter and sales in the U.S. stayed under pressure.
