Boeing says supply chain disruptions hit 737 MAX production

Boeing Co said on Wednesday supply chain disruptions slowed production and deliveries of its 737 MAX cash cow narrowbody, but does not see its overall plan for the year being disrupted.

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11-05-2022

Philip Morris bets on cigarette alternatives with $16 billion Swedish Match bid

STOCKHOLM (Reuters) -Philip Morris International Inc has agreed to buy tobacco and nicotine products maker Swedish Match in a $16 billion deal that aims to cut the U.S. company's dependence on cigarettes.

newspaper

11-05-2022

Kohl's wins proxy battle against activist investor Macellum, stock falls

BOSTON (Reuters) -Kohl's Corp investors on Wednesday rejected all of activist Macellum Advisors' director nominees in one of the year's most hotly contested boardroom battles that occurred as the company began trying to sell itself.

newspaper

11-05-2022

Mediobanca says no wealth management deal in sight as profit beats consensus

MILAN (Reuters) -Mediobanca on Wednesday ruled out the prospect of a wealth management acquisition in the immediate future, after reporting higher than expected quarterly results thanks to contributions from all its business segments.

newspaper

11-05-2022

Shares drop, yields shoot up after U.S. inflation data

World shares turned lower on Wednesday and bond yields shot up after U.S. data showed inflation there slowed down less than expected last month, cementing expectations of aggressive rate hikes by the Federal Reserve.

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11-05-2022

German union Verdi cancels pay deal for Lufthansa ground staff

German trade union Verdi said on Wednesday it had terminated the collective pay agreement for ground staff at the country's flag carrier Lufthansa from June 30, citing high energy prices and an overall increase in costs of living.

newspaper

11-05-2022

Train maker Alstom's shares slide as cash flow divides

Alstom's shares slipped sharply on Wednesday, erasing earlier strong gains as the French train maker's comments on cash flow generation and guidance divided the market.

newspaper

11-05-2022

Brazil's inflation hits highest for April in 26 years, +12.1% in 12 months

Brazil's inflation slowed in April but still posted the steepest rise for the month in 26 years, pushing the 12-month figure to over 12% amid continued pressures on food and fuel, official figures showed on Wednesday.

newspaper

11-05-2022

China says it will use various policy tools to support employment

BEIJING (Reuters) -China will strive to stabilise the economy and will use various policy tools to support employment, state media quoted the cabinet as saying on Wednesday.

newspaper

11-05-2022