By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of AMC Entertainment Holdings Inc have been hit by a wave of bearish options bets amid uncertainty over the company’s stock conversion plan[...]
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Updated
VW cuts sales outlook as EV competition heats up
By Victoria Waldersee and Miranda Murray BERLIN (Reuters) -Volkswagen on Thursday cut its full year sales target and pledged to improve its cash position in the second half by hiking prices and cuttin[...]
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Samsung unveils new foldable phones to challenge Apple’s premium dominance
By Joyce Lee SEOUL (Reuters) – Samsung Electronics unveiled its latest foldable smartphones on Wednesday, keeping prices around the same level three years in a row as it seeks to challenge Apple[...]
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GE rides aviation boom to lift 2023 profit forecast
By Rajesh Kumar Singh and Abhijith Ganapavaram (Reuters) -General Electric Co on Tuesday raised its full-year profit outlook after quarterly earnings topped Wall Street estimates on robust demand for[...]
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United Parcel Service, Teamsters union to resume labor talks on Tuesday
(Reuters) – United Parcel Service said it plans on Tuesday to resume labor talks with the Teamsters union representing 340,000 employees, an effort to avert a strike that could roil supply chain[...]
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Prosecutors accuse FTX’s Bankman-Fried of witness tampering
By Shubham Kalia and Gokul Pisharody (Reuters) -U.S. prosecutors have accused FTX founder Sam Bankman-Fried of witness tampering and asked a federal judge to issue an order that would bar the former b[...]
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Abbott’s strong medical device sales drive upbeat quarter as surgeries rebound
By Khushi Mandowara and Pratik Jain (Reuters) -Abbott Laboratories on Thursday beat quarterly profit expectations as a rebound in surgical procedure volumes drove demand for medical devices despite hi[...]
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Carvana shares surge on plans to cut debt load
By Nathan Gomes (Reuters) -Carvana shares closed up 40.2% at $55.80 on Wednesday after the troubled used-car retailer struck a deal with most of its term bondholders to cut its outstanding debt by mor[...]
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Tesla faces citizen grilling on impact of German plant expansion
By Victoria Waldersee, Nette Noestlinger and Leon Malherbe GRUENHEIDE, Germany (Reuters) -Tesla on Tuesday sought to assuage Brandenburg state residents’ concerns by holding a question-and-answe[...]
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