Mois : octobre 2019

UPDATE 2-Even after Lyft beat, Wall Street pummels former unicorns

SAN FRANCISCO () – Wall Street pummeled shares of companies including Pinterest (PINS.N), Lyft (LYFT.O), Uber Technologies (UBER.N) and SmileDirectClub SDC.O on Thursday as investors grew more sour on money-losing former startups that went public this year. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 31,

UPDATE 1-Motor racing-Formula One presents new car and rules revamp for 2021

AUSTIN, Texas () – Formula One presented a dramatic overhaul of the sport on Thursday with a new car and regulations aimed at producing closer and cheaper competition from 2021 as well as more exciting and environmentally-friendly racing. FILE PHOTO: Formula One group CEO Chase Carey attends the 89th Geneva International Motor Show in Geneva,

UPDATE 1-Italian insurer Cattolica ousts CEO over strategy differences

MILAN () – The board of Cattolica Assicurazioni (CASS.MI) has ousted Chief Executive Alberto Minali citing differences over the company’s structure, strategy, relations with shareholders and the market, the company said on Thursday. It said all of the chief executive’s powers had been transferred to the insurer’s Managing Director Carlo Ferraresi. Minali, a former CFO

Business forum boosts Saudi image, but some say more rehab needed

RIYADH () – Saudi Arabia’s crown prince showed up only briefly this week at the kingdom’s flagship investment forum, which largely drew leaders and firms with strategic interest in the Gulf state and wrapped up with relatively meagre deals and an anticlimactic finale. A Saudi woman uses her phone during the Future Investment Initiative conference

Lebanese banks to reopen; association asks customers to show consideration

FILE PHOTO: The closed entrance of the Association of Banks in Lebanon in downtown Beirut, Lebanon, October 25, 2019. /Alkis KonstantinidisBEIRUT () – Lebanon’s banking association said on Thursday that banks would reopen on Friday to meet “urgent” needs after being shut for two weeks as an economic crisis and nationwide protests rage, but asked

Motor racing-Formula One presents new car and rules revamp for 2021

AUSTIN, Texas, Oct 31 () – Formula One presented a dramatic overhaul of the sport on Thursday with a new car and regulations aimed at producing closer and cheaper competition from 2021 as well as more exciting and environmentally-friendly racing. The new technical, sporting and financial rules include a budget cap and represent the fruit

Bank of Spain warns of litigation risks in credit card business

MADRID () – Spanish banks could face a rise in legal claims related to consumer lending activities such as revolving credit, adding to risks faced by the financial sector that stem largely from global and European trends, the Bank of Spain said on Thursday. In its semi-annual financial stability report, the central bank said it

UPDATE 3-Thomson Reuters operating profit tops Wall Street estimates

NEW YORK () – Thomson Corp (TRI.N) (TRI.TO), parent of News, reported higher-than-expected quarterly operating profit on Thursday and said it would raise its dividend payout ratio and buy back more shares. FILE PHOTO: A Thomson logo is pictured on a building during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25,

UPDATE 1-Lebanon’s Hezbollah, France call for new government

BEIRUT () – Lebanon’s powerful Iran-backed Hezbollah movement said on Thursday Saad al-Hariri’s resignation as prime minister would waste the time available for reforms that are widely seen as vital to steering the country out of a deep economic crisis. Demonstrators wave Lebanese flags as the pass by Lebanese soldiers during a protest in Beirut,

GM recalls 638,000 U.S. SUVs, trucks for unintended braking

Oct 31 () – General Motors Co is recalling 638,000 U.S. sport utility vehicles and pickup trucks because a wheel-speed sensor could fail and cause unintended braking, it said Thursday. The recall covers some 2015-2020 Chevrolet Suburban, Tahoe, and Yukon models, and some 2014-2018 Chevrolet Silverado 1500 and GMC Sierra 1500 vehicles. GM said the

Offering « real change », UK Labour’s Corbyn vows to oust Conservatives

LONDON () – Opposition Labour leader Jeremy Corbyn took aim at tax dodgers, dodgy landlords, bad bosses and big polluters on Thursday, launching an election campaign with a promise of “real change” in Britain. Britain’s opposition Labour Party leader Jeremy Corbyn gestures as he leaves after a launch event for the Labour party’s general election

UPDATE 2-Thomson Reuters operating profit tops Wall Street estimates

NEW YORK () – Thomson Corp (TRI.N) (TRI.TO), parent of the News agency, reported higher-than-expected quarterly operating profit on Thursday and said it would raise its dividend payout ratio and buy back more shares. FILE PHOTO: A Thomson logo is pictured on a building during the World Economic Forum (WEF) annual meeting in Davos, Switzerland

UPDATE 1-Kraft Heinz quarterly profit beat expectations, shares rise

() – Kraft Heinz Co (KHC.O) beat analyst expectations for third-quarter profit on Thursday as the packaged food company reined in costs and increased prices in the face of slowing demand for some of its key brands. FILE PHOTO: Heinz tomato Ketchup is show on display during a preview of a new Walmart Super Center

UPDATE 2-Lazard’s profit falls amid slowdown in global dealmaking

FILE PHOTO: The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. /Brendan McDermidNEW YORK () – Investment bank Lazard (LAZ.N) reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal

Kraft Heinz third-quarter sales miss estimates

Oct 31 () – Kraft Heinz Co fell short of Wall Street expectations for quarterly sales on Thursday as the struggling packaged food company battled weak demand in the United States, its biggest market. Net income attributable to the company’s shareholders rose to $899 million, or 74 cents per share, in the third quarter ended

Thomson Reuters posts higher operating profit

FILE PHOTO: The Thomson logo is seen on the company building in Times Square, New York, U.S., January 30, 2018. /Andrew KellyNEW YORK () – Thomson Corp (TRI.N) (TRI.TO), parent of the News agency, swung to a net loss in the third quarter, reflecting its stake in Refinitiv, but its revenue and operating profit rose.