Union Pacific reported a 19% fall in quarterly profit on Thursday, as higher labor costs and volume decline in consumer-facing segments outweighed the benefits from price hikes implemented by the railroad operator.
Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle (EV) production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Gemini, Genesis Global and Digital Currency Group for allegedly “defrauding” investors of more than $1 billion.
A Russian appeals court has imposed interim measures against Credit Suisse and ruled that funds totalling $20.9 million held by the Swiss bank in Russia may be seized, court filings published on Thursday showed.
Hong Kong’s Dongfeng Motor Group and the Netherlands-based Stellantis said on Thursday the automakers will expand their vehicle and component export business through an asset sale to better capture the burgeoning China auto market.
Hitachi is set to win EU antitrust approval for its 1.7-billion-euro ($1.8 billion) acquisition of Thales’ GTS railway signalling business on the condition it sells assets in France and Germany, three people familiar with the matter said on Thursday.
Mozambique’s $3.1 billion lawsuit against Emirati-Lebanese shipbuilder Privinvest is a politically motivated attack to deflect blame for the failure of economic projects, the company’s lawyers told London’s High Court on Thursday.
Brazil’s commodities export hubs are strained with record volumes of soy, corn and sugar to be moved at a time of the year when rains start to increase in southern ports, according to traders, analysts and shipping data.
American Airlines on Thursday cut its 2023 forecast for adjusted profit as it struggles to overcome the impact of higher jet fuel prices and expensive labor contracts, sending its shares down about 1.5% in premarket trading.
