Category: Business
-
Energy & Utilities Roundup: Market Talk
Find insight on Exxon Mobil, oil futures and more in the latest Market Talks covering Energy and Utilities.
-
Campari Names New CEO
The Aperol maker said it would appoint Simon Hunt as its new chief executive officer, months after Matteo Fantacchiotti resigned from the role for personal reasons.
-
Centrica Delays Nuclear Plants Closure, Boosts Output Forecasts
The British Gas owner said two of the power stations are now expected to generate electricity until March 2027, one year later than previously expected.
-
Norway Oil Fund Divests of Israel’s Bezeq Over Services to West Bank Settlements
Norway’s $1.8 trillion sovereign wealth fund said it decided to exclude Israeli telecommunications company Bezeq from the fund over concerns the company could be contributing to human-rights violations.
-
JetBlue Reports More Post-Election Travel Than Expected
JetBlue Airways raised its revenue guidance for the year after bookings in November and December were higher than anticipated immediately following the U.S. presidential election.
-
Volkswagen Says Urgent Measures Needed to Save Company
Volkswagen’s CEO warned staff that urgent measures are needed to secure the company’s future amid heightened competition, price pressure and high labor costs just as the European car market contracted.
-
Foot Locker Lowers Outlook After 3Q Misses Estimates
Foot Locker cut its outlook for the year after third-quarter results missed internal expectations due to higher promotions and soft spending from customers.
-
Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets
Rising U.S. production and internal OPEC+ pressure limit the kingdom’s sway over prices. Trump is a new wild card.
-
Auto & Transport Roundup: Market Talk
Find insight on Zeekr, Oshkosh and more in the latest Market Talks covering the Auto and Transport sector.
-
General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.