Marlboro maker Philip Morris sees earnings impact from Ukraine war

Philip Morris International Inc cut its full-year earnings forecast on Thursday, hurt by the pullback of its Russian operations, higher costs and a sluggish recovery in its Asian duty-free business.

newspaper

21-04-2022

Big companies manage to pass on soaring costs to cash-strapped consumers

Makers of chocolate bars and coffee to lawn mowers and industrial robots were succeeding in passing on soaring costs to consumers, first-quarter earnings showed on Thursday, allaying fears higher prices could dent demand for their products.

newspaper

21-04-2022

Humana to sell majority stake in hospice business to CD&R for $2.8 billion

(Reuters) -Humana Inc said on Thursday it would sell a 60% interest in its hospice business, Kindred at Home, for $2.8 billion to private investment firm Clayton, Dubilier & Rice.

newspaper

21-04-2022

Futures climb after strong results from Tesla

U.S. stock index futures rose on Thursday as heavyweight Tesla surged on strong results and United Airlines predicted a surprise profit in its current quarter, boosting shares of other carriers.

newspaper

21-04-2022

AutoNation profit more than doubles on strong demand for used cars

No. 1 U.S. auto retailer AutoNation Inc said first-quarter profit more than doubled on Thursday, boosted by robust demand for used vehicles as consumer preference for personal transportation remained high despite surging vehicle prices.

newspaper

21-04-2022

Toshiba to solicit proposals on strategic alternatives, including privatisation

Toshiba Corp said on Thursday it has resolved to solicit proposals on strategic alternatives, including privatisation of the company.

newspaper

21-04-2022

Rite Aid says it rejected Spear Point's buyout offer

(Reuters) -Rite Aid Corp said on Thursday it had rejected a proposal from Spear Point Capital Management to acquire all of its shares.

newspaper

21-04-2022

Carlsberg expects $1.4 billion Russia writedown and lowers profit guidance

COPENHAGEN (Reuters) -Carlsberg, the Western brewer most exposed to the Russian market, expects its decision to sell its business there to result in a writedown of about 9.5 billion Danish crowns ($1.39 billion), it said on Thursday.

newspaper

21-04-2022

Euro boosted by ECB rate hike bets, Macron's debate

A series of hawkish comments amplified bets that the European Central Bank would soon hike interest rates, lifting the euro to a one-week high on Thursday amid expectations French President Emmanuel Macron would win his reelection bid on Sunday.

newspaper

21-04-2022