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☆ Corning's shares fall as the Apple supplier forecasts Q4 core sales below estimates
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

Shares of Corning, whose Gorilla Glass is used by the likes of Samsung (005930.KS) and Apple (AAPL.O), fell nearly 4% before the bell. The company expects core sales of about $3.25 billion in the three months through December, compared with analysts' estimate of $3.56 billion, according to LSEG data. In the third quarter, its core sales fell by about 6% to $3.46 billion, missing estimates of $3.50 billion. The optical communications unit, one of Corning's main revenue generators, saw its net sales decline by more than 30%. The company forecast fourth-quarter core earnings of between 37 cents and 42 cents per share, below estimates of 50 cents per share.

Persons: Brendan McDermid, Wendell Weeks, Corning, Arsheeya, Milla Nissi Organizations: Corning Inc, New York Stock Exchange, REUTERS, Samsung, Apple, Counterpoint Research, Thomson Locations: New York, U.S, Corning, Bengaluru

Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. The UAW strike has hit the one-month mark, with more than 34,000 union members working at Ford, General Motors and Chrysler parent Stellantis out on strike, including those who went out on strike at Ford's cash-cow Kentucky pickup truck plant last week. The supplier is considering temporary layoffs and other ways to cut spending to counter the impact of UAW strikes, Durand told reporters. "Given the organic growth out-performance across the regions (excluding North America) and continued execution of synergies, the outlook for 2024 organic growth and margin expansion looks intact," Citi analysts wrote in a client note. It reiterated a 2023 sales forecast of 26.5 billion to 27.5 billion euros and an operating margin target of 5.2% to 6.2%.

Persons: Rebecca Cook, Olivier Durand, Durand, Forvia, Michal Aleksandrowicz, Milla Nissi, Tomasz Janowski, Jan Harvey Organizations: United Auto Workers, UAW, General Motors Lansing Delta Plant, Michigan U.S, REUTERS, Ford, GM, General Motors, Chrysler, Citi, Thomson Locations: Delta Township, Michigan, Forvia, Kentucky, North America, Gdansk

It forecast an adjusted core loss of 30 million to 40 million Swiss francs ($33.4 million to $44.5 million) in 2023, compared to the previous range of 20-40 million. DocMorris also cut its 2023 external revenue outlook, expecting a high single-digit percentage decline in local currency, from a previously expected mid-single-digit drop. Its external revenue fell by 5.8% to 256 million Swiss francs in the third quarter, below the 262 million francs expected by analysts polled by the company. Redcare Pharmacy (RDC.DE) earlier in October said its third quarter sales rose by two thirds, aided by double-digit growth in sales of non-prescription products. But analysts said DocMorris had weighed on the wider sector and Redcare Pharmacy's shares fell around 3% on Thursday.

Persons: DocMorris, Redcare, Baader Helvea, Pharmacy's, Tristan Veyet, Milla Nissi, Barbara Lewis Organizations: DocMorris, Thomson Locations: Swiss, Germany, Gdansk

Oct 13 (Reuters) - Digital mapping specialist TomTom (TOM2.AS) reported lower than expected revenue at its main location technology business on Friday, sending its shares down 7%. Sales in the auto sector rose 32% but the enterprise sector's sales fell 20%, reflecting lower volumes of some renewed contracts. Total group sales rose 6% on the year to 144.1 million euros. Finance chief Taco Titulaer said growth in car production might stabilise in the forth quarter, though he did not expect TomTom to suffer from it. Titulaer said TomTom saw new opportunities in generative artificial intelligence (AI) and was "investing time and money and people" into the technology.

Persons: Marc Hesselink, TomTom, Taco Titulaer, Titulaer, Gaëlle Sheehan, Nathan Vifflin, Milla Nissi, Susan Fenton Organizations: Google, ING, Volkswagen, Finance, Reuters, Thomson Locations: Gdansk

☆ Which airlines have suspended Israel flights after Hamas attacks?
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +4 min

Here are airlines that have temporarily halted flights to and from Israel:AFRICARoyal Air Maroc cancelled flights to and from Tel Aviv on Saturday and Sunday. On Sunday, United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE), including Austrian Airlines, Swiss International Airlines and Brussels Airlines, cancelled flights to and from Tel Aviv through Saturday. Norwegian Air (NAS.OL) cancelled flights from Copenhagen and Stockholm to Tel Aviv and return flights through Sunday. Portugal's TAP suspended flights to and from Tel Aviv without providing a time frame.

Persons: Amir Cohen, Britain's, Vueling, Alessandro Parodi, Joao Manuel Mauricio, Milla Nissi, Bernadette Baum 私 Organizations: Gaza, REUTERS, AFRICA Royal Air Maroc, Delta Air Lines, Sunday, United Airlines, American Airlines, Tel Aviv . United, Air Canada, ASIA Hainan Airlines, Cathay, HK, Korean, Germany's Lufthansa, Austrian Airlines, Swiss International Airlines, Brussels Airlines, Saturday, Ryanair, Air France KLM, Norwegian, TAP, Sunday . British Airways, IAG, Air Europa, Italy's ITA, Aegean Airlines, Bulgaria Air, Air Malta, Virgin Atlantic, EAST Etihad Airways, . Gulf Air Locations: Sderot, Israel, Tel Aviv, AFRICA, ASIA, China, Beijing, Shanghai, Shenzhen, Hong Kong, Incheon, EUROPE, Europe's, France, Copenhagen, Stockholm, Hungarian, Iberia, Spanish, London Heathrow, Abu Dhabi, Gdansk

☆ Airlines suspend Israel flights amid Gaza war
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

Here are airlines that have temporarily halted flights to and from Israel:AMERICASOn Sunday, U.S. carriers United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. ASIAHainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, cancelled flights between Tel Aviv and Shanghai on Monday. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE) cancelled flights to and from Tel Aviv through Monday. Britain's easyjet (EZJ.L) halted flights with Tel Aviv on Sunday and Monday, and would adjust the timing of flights in the next few days. Portugal's TAP cancelled flights to and from Tel Aviv scheduled for Sunday and Monday.

Persons: Britain's, Finland's, Monday . Virgin Atlantic, Alessandro Parodi, Milla Nissi, Bernadette Baum Organizations: Israeli, El, Abu Dhabi International Airport, United, United Arab Emirates, Presidential Affairs, REUTERS, Sunday, United Airlines, Delta Air Lines, American Airlines, Tel Aviv . United, ASIA Hainan Airlines, . Cathay, HK, . Korean, Germany's Lufthansa, Air France KLM, Portugal's TAP, Iberia Express, Monday . Virgin, Etihad Airways, Thomson Locations: Abu Dhabi, United Arab, Handout, Tel Aviv, Israel, U.S, ASIA, China, Shanghai, Hong Kong, Incheon, EUROPE, Madrid, Gdansk

☆ European countries who put curbs on Huawei 5G equipment
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The European Union's industry chief Thierry Breton in June urged more EU countries to join the efforts to curb or block Huawei and ZTE equipment from the bloc's 5G telecoms networks. FRANCEFrench authorities in 2020 told telecoms operators planning to buy Huawei 5G equipment that they would not be able to renew licences for the gear once they expire, effectively phasing Huawei out of mobile networks. ITALYWhile Italy has not outright banned Huawei equipment, it prevented telecoms group Fastweb in 2020 from signing a deal for Huawei to supply equipment for its 5G network. LATVIALatvia and the U.S. signed an agreement in 2020 on 5G security aimed at limiting the operations of Chinese companies. SWEDENSweden in 2020 banned telecoms equipment from Huawei and ZTE in its 5G network.

Persons: China's, Thierry Breton, Tristan Veyet, Antonis Pothitos, Laura Lenkiewicz, Milla Nissi, Jan Harvey Organizations: China's Huawei, Huawei, DENMARK Danish, FRANCE French, ZTE, U.S, LITHUANIA Lithuania's, Thomson Locations: Germany, European, BRITAIN Britain, ESTONIA, DENMARK, FRANCE, GERMANY, ITALY, Italy, LATVIA Latvia, LITHUANIA, PORTUGAL, ROMANIA, U.S, China, SWEDEN Sweden

☆ CD Projekt's rocky road from Cyberpunk 2077 to Phantom Liberty
▼ + stars: | 2023-09-25 | by ( Adrianna Ebert | ) www.reuters.com time to read: +5 min

GDANSK, Sept 25 (Reuters) - Phantom Liberty, the long-awaited expansion to CD Projekt's (CDR.WA) flagship game Cyberpunk 2077, will debut on Tuesday on current generation consoles and PCs. In the months leading up to the release, CD Projekt's market capitalisation exceeded 40 billion zlotys ($9.28 billion). NEXT-GENERATION UPDATEIn February 2022, CD Projekt released a Cyberpunk update for next-generation consoles. PHANTOM LIBERTY RELEASE DATE ANNOUNCEDOn June 11, 2023, CD Projekt said the Phantom Liberty expansion would be released in September. UPDATE 2.0On Sept. 21, CD Projekt released a free update 2.0 to the base game, featuring various improvements to the game mechanics.

Persons: Liberty, Phantom Liberty, Adam Kicinski, Projekt, Adrianna Ebert, Milla Nissi, Anil D'Silva Organizations: Polish, OF, Projekt, Xbox, SONY, Sony, PlayStation, Netflix, North America ., Liberty, Steam, Thomson Locations: GDANSK, North America

☆ Governments race to regulate AI tools
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +7 min

ITALY* Investigating possible breachesItaly's data protection authority plans to review artificial intelligence platforms and hire AI experts, a top official said in May. ChatGPT became available to users in Italy in April after being temporarily banned over concerns by the national data protection authority in March. The country's privacy watchdog said in June it had warned OpenAI not to collect sensitive data without people's permission. SPAIN* Investigating possible breachesSpain's data protection agency said in April it was launching a preliminary investigation into potential data breaches by ChatGPT. It has also asked the EU's privacy watchdog to evaluate privacy concerns surrounding ChatGPT.

Persons: Dado Ruvic, Ursula von der Leyen, CNIL, Ziv Katzir, Israel, ChatGPT, OpenAI, Antonio Guterres, Guterres, Mark Zuckerberg, Elon Musk, Lawmakers, Joe Biden's, Beryl Howell, Alessandro Parodi, Amir Orusov, Kirsten Donovan, Mark Potter, Christina Fincher, Milla Nissi Organizations: REUTERS, Baidu, Microsoft, Markets Authority, Big Tech, Britain, HK, SenseTime, Israel Innovation Authority, EU, UNITED, . Security, International Atomic Energy Agency, United Nations, U.S, IBM, Nvidia, Washington D.C, U.S . Federal Trade Commission, Thomson Locations: AUSTRALIA, Australia, BRITAIN, CHINA, China, FRANCE, Italy, Hiroshima, Japan, IRELAND, ISRAEL, Israel, ITALY, JAPAN, U.S, SPAIN, New York, Washington, Gdansk

A guest speaks on a mobile phone as she arrives for the French telecoms operator Iliad's media conference in Milan, Italy, May 29, 2018. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsAug 30 (Reuters) - French telecom provider Iliad reported a more than 4% rise in half-year core profit on Wednesday, supported by gains across markets and the expansion of its activities in Italy. Telecommunications companies across Europe have been hit by rising energy prices, infrastructure costs to deploy fibre and 5G coverage, and a slowdown in subscriber growth. The group remains on the lookout for potential acquisitions in Italy after its 2022 Vodafone bid was rejected, he said. ($1 = 0.9204 euros)Reporting by Stéphanie Hamel and Victor Goury-Laffont in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefano Rellandini, Thomas Raynaud, Raynaud, Stéphanie Hamel, Victor Goury, Milla Nissi Organizations: REUTERS, French, Orange, Telecommunications, Free Mobile, U.S, Telecom Italia's, Vodafone, Thomson Locations: Milan, Italy, France, Poland, Europe, Laffont, Gdansk

☆ Ralph Lauren posts surprise rise in quarterly sales
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

A security guard stands outside the Ralph Lauren store during the outbreak of the coronavirus disease (COVID-19), in Beverly Hills, California, U.S., July 30, 2020. REUTERS/Mario AnzuoniAug 10 (Reuters) - Ralph Lauren (RL.N) reported a surprise rise in quarterly revenue on Thursday, as demand for its high-end sweaters, shirts and outdoor clothing saw a strong rebound in China, offsetting a slowdown in luxury spending in the United States. Luxury brands have seen a pick-up in China demand as the market reopens from COVID-19 curbs, propping up sales at several high-end labels at a time when U.S. demand has cooled. Net revenue rose to $1.50 billion in the first quarter, from $1.49 billion a year earlier. Reporting by Deborah Sophia in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Ralph Lauren, Mario Anzuoni, RL.N, Ralph Lauren's, Jane Hali, Deborah Sophia, Milla Nissi Organizations: REUTERS, Associates, Thomson Locations: Beverly Hills , California, U.S, China, United States, COVID, Asia, Bengaluru

☆ Canada's Algonquin mulls sale of renewable energy unit, CEO exits
▼ + stars: | 2023-08-10 | by ( Tanay Dhumal | ) www.reuters.com time to read: +2 min

Aug 10 (Reuters) - Canada's Algonquin Power & Utilities (AQN.TO) on Thursday announced the resignation of CEO Arun Banskota and said it was considering a sale of its renewable energy unit, after activist firms urged action to reduce debt and boost earnings. The decision to divest comes months after the company initiated a strategic review of the renewable energy division, following a push for changes by activist firms including Corvex Management and Starboard Value. Algonquin said it had received interest for the renewable energy unit, but did not provide financial details or timelines for any potential deals. The company said on Thursday JPMorgan (JPM.N) would act as its financial advisor for the possible sale of the renewable energy unit, which includes all of the company's non-regulated operating and development power generation assets. Algonquin also posted a wider second-quarter loss of $253.2 million, compared with a loss of $33.4 million a year earlier.

Persons: Arun Banskota, Christopher Huskilson, Nelson Ng, Tanay, Milla Nissi Organizations: Algonquin Power & Utilities, Thursday, Corvex Management, Capital, JPMorgan, Thomson Locations: Algonquin, Bengaluru

☆ Bottler Coca-Cola HBC beats profit estimates, lifts sales outlook
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File PhotoAug 9 (Reuters) - Bottler Coca-Cola HBC (CCH.L) beat half-year profit expectations and lifted its annual revenue target on Wednesday, supported by strong sales and higher prices of its drinks. Organic net sales revenue per case expanded by 19.0%, beating analysts' forecast of 17.4% in a poll compiled by the company. It still expects the negative impact from foreign currency exchange on the group's comparable operating profit to be between 50 million and 60 million euros ($55 million and $66 million) this year. HBC reported a comparable operating profit of 560.7 million euros for the six months through June, up 21.2% from a year earlier.

Persons: Regis, Zoran Bogdanovic, Radhika Anilkumar, Milla Nissi Organizations: Carrefour, REUTERS, Cola HBC, HBC, Analysts, Thomson Locations: Montreuil, Paris, France, Switzerland, Nigeria, Bengaluru

☆ From prized startup to bankruptcy: WeWork's tumultuous path
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: 1 min

A sign is seen outside offices run by WeWork in Philadelphia, Pennsylvania, U.S. September 30, 2019. REUTERS/Mark Makela Acquire Licensing RightsNov 6 (Reuters) - WeWork (WE.N), the SoftBank Group-backed (9984.T) startup, sought U.S. bankruptcy protection on Monday after its bets on companies using more of its office-sharing space soured. Below is a timeline of WeWork developments since mid-2019:Reporting by Kannaki Deka and Shubham Kalia in Bengaluru; Editing by Milla Nissi, Varun H K and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Mark Makela, Kannaki Deka, Milla Nissi, Jamie Freed Organizations: WeWork, REUTERS, SoftBank, Thomson Locations: Philadelphia , Pennsylvania, U.S, Bengaluru

The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File PhotoAug 7 (Reuters) - Tyson Foods (TSN.N) missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products. The company said it is closing four more U.S. chicken plants in a bid to reduce costs. The company's average sales prices fell 16.4% for pork and 5.5% for chicken, while rising 5.2% for beef. Tyson has eliminated U.S. jobs and already shut two chicken processing plants in a bid to reduce costs.

Persons: Arnd, Tyson, Granth, Tom Polansek, Milla Nissi Organizations: Tyson Foods, REUTERS, Hormel, packers, Rabobank, Thomson Locations: Davos, Switzerland, Bengaluru, Chicago

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Carl Icahn-owned investment firm Icahn Enterprises (IEP.O) on Friday halved its quarterly payout, months after short-seller Hindenburg Research accused it of operating a "Ponzi-like" structure to pay dividends. Hindenburg said on Friday it remained short on the company, in a post on messaging platform X, formerly known as Twitter. "Icahn Enterprises will eventually cut or eliminate its dividend entirely, barring a miracle turnaround in investment performance," Hindenburg said when it had announced its short position. "We do not intend to let a misleading Hindenburg report interfere with this practice (of distributing dividends)," Icahn Enterprises said in a statement.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Hindenburg, Icahn, Niket, Milla Nissi Organizations: FOX Business, REUTERS, Icahn Enterprises, Hindenburg, Enterprises, Thomson Locations: New York, Bengaluru

☆ Carl Icahn's investment firm cuts dividend months after Hindenburg report
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: 1 min

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File PhotoAug 4 (Reuters) - Icahn Enterprises (IEP.O) on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading. Reporting by Niket Nishant in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Carl Icahn, Neil Cavuto, Brendan McDermid, Niket, Milla Nissi Organizations: FOX Business, REUTERS, Icahn Enterprises, Hindenburg, Thomson Locations: New York, Bengaluru

☆ Exchange operator Cboe's profit rises on swelled up trading volumes
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

People walk by the Chicago Board Options Exchange (CBOE) Global Markets headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer/File PhotoAug 4 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z), on Friday reported a rise in its quarterly profit, driven by swelled up trading volumes as markets continue to rebound from last year. The Chicago-based group, which provides trading platforms for equities, foreign exchange and derivative products across markets in different regions, saw its net revenue rise 10% to $467.1 million. Cboe's results wrap up a strong quarter for exchange operators. Its peer, New York Stock Exchange-parent Intercontinental Exchange (ICE.N), also reported upbeat results on Thursday.

Persons: Michael Hirtzer, Investors, Cboe, Jaiveer Singh, Milla Nissi Organizations: Chicago, Exchange, REUTERS, Cboe, New York Stock Exchange, Intercontinental Exchange, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru

The headquarters of chemicals maker Lanxess are seen in Cologne, Germany November 15, 2018. "We urgently need sustainable framework conditions – above all an internationally competitive electricity tariff for the industry," CEO Matthias Zachert said in a statement. The company said implementing these measures would cost around 100 million euros. The group's second quarter core earnings (EBITDA) pre-exceptionals fell 57.7% to 107 million euros, in line with its forecast from June. In a separate statement, Lanxess said its finance chief Michael Pontzen would leave by the end of August.

Persons: Wolfgang Rattay, Matthias Zachert, Lanxess, Zachert, Baader, Konstantin Wiechert, Michael Pontzen, Linda Pasquini, Antonis Pothitos, Milla Nissi, Alexander Smith, Sharon Singleton Organizations: REUTERS, Thomson Locations: Cologne, Germany, Europe, Krefeld, Uerdingen, Gdansk

☆ Kellogg raises annual profit outlook on higher prices
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

Kellogg's cold cereal products are pictured in a market in New York, U.S., June 21, 2022. REUTERS/Mike Segar/File PhotoAug 3 (Reuters) - Kellogg Co (K.N) on Thursday forecast a smaller drop in annual profit than it had previously expected, as multiple price hikes for its breakfast snacks and cereals helped strengthen its margins. The Corn Flakes maker said it expected 2023 adjusted profit per share to decline between 1% and 2%, compared with the prior forecast for a decline of 1% to 3%. However, the company posted a 4.6% rise in net sales to $4.04 billion in the second quarter, missing analysts' expectations of $4.07 billion, according to Refinitiv data. Reporting by Mehr Bedi and Aatrayee Chatterjee in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Mehr Bedi, Aatrayee Chatterjee, Milla Nissi Organizations: REUTERS, Kellogg, PepsiCo, Conagra Brands Inc, Hershey, Thomson Locations: New York, U.S, Bengaluru

☆ Hugo Boss stays strong in tough China, U.S. markets
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Hugo Boss store is seen in Polanco in Mexico City, Mexico May 20, 2017. Its business in EMEA and the Americas benefited from a pick-up in tourism, Hugo Boss said, while currency-adjusted revenue in China increased 56% from a year earlier, making the Asia-Pacific region the strongest for the company. The company expects its annual sales to grow 12% to 15% and reach 4.1 billion to 4.2 billion euros, compared with its previous forecast for about 10% growth to 4 billion euros. Hugo Boss forecasts its 2023 operating profit to grow 20% to 25% to a level of 400 million to 420 million euros, versus its prior range of 10% to 20%. Shares of Hugo Boss were seen up 0.7% in early Frankfurt trade.

Persons: Hugo Boss, Henry Romero, Hugo, JP Morgan, Linda Pasquini, Milla Nissi, Christopher Cushing Organizations: REUTERS, U.S, Group, Thomson Locations: Polanco, Mexico City, Mexico, China, Asia, EMEA, Americas, Pacific, Frankfurt, Gdansk

☆ American Airlines says in talks with Airbus, Boeing over narrowbody jet order
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

An American Airlines aircraft flies past JetBlue and United Express aircraft as it lands at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022. REUTERS/Joshua Roberts/File PhotoAug 2 (Reuters) - American Airlines (AAL.O) said on Wednesday that it is in talks with planemakers Airbus (AIR.PA) and Boeing (BA.N) over a new narrowbody jet order, at a time when airlines rush to order more aircraft amid a travel boom. Bloomberg News earlier reported that the airline was in talks with the companies to order at least 100 jets, citing people familiar with the matter. "We are talking to Boeing and Airbus about our narrowbody aircraft needs for the latter half of this decade and beyond," American said in a statement. Airbus, when contacted by Reuters, said "we have no comment on our confidential commercial talks, which may or may not be happening."

Persons: Joshua Roberts, Max, Airbus's, Nathan Gomes, Tim Hepher, David Shepardson, Milla Nissi Organizations: American Airlines, JetBlue, United Express, Reagan National Airport, REUTERS, Airbus, Boeing, Bloomberg, Reuters, Thomson Locations: Arlington , Virginia, U.S, Bengaluru, Paris, Washington ,

☆ Molson Coors bumps up annual forecast on strong demand for premium beers
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Aug 1 (Reuters) - Molson Coors Beverage (TAP.N) on Tuesday raised its annual sales and profit forecasts, boosted by strong demand for its core brands Miller Lite and Coors Light. For the Americas segment, Molson Coors' net sales rose 10.7% in the second quarter as it shipped more premium beers. Molson Coors now expects full-year 2023 sales to grow in high single-digit percentage, on a constant currency basis. Annual underlying income before income taxes is expected to increase between 23% and 26%, on a constant-currency basis, compared with a low single-digit percentage increase forecast earlier. However, Molson Coors posted second-quarter sales of $3.27 billion, missing estimates of $3.29 billion, according to Refinitiv data.

Persons: Brown, Forman, InBev's Bud, influencer Dylan Mulvaney, Bud Light, Roth, Bill Kirk, Molson Coors, Savyata Mishra, Milla Nissi, Shounak Organizations: Molson Coors Beverage, Miller Lite, Anheuser, Busch InBev, Constellation Brands, Molson Coors, InBev's, Coors, Molson, Thomson Locations: U.S, Chicago, Bengaluru

☆ Rockwell Automation misses quarterly forecasts on shipping delays
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Aug 1 (Reuters) - Rockwell Automation (ROK.N) on Tuesday reported third-quarter sales and profit below expectations after shipping delays impacted its ability to get goods to customers. "This transition impacted the timing of shipments within the second half of the fiscal year," he added. Rockwell Automation earned $3.01 per share on an adjusted basis in the third quarter through June, missing analysts' average estimate of $3.17 per share, based on Refinitiv data. Overall, its sales rose about 14% to $2.24 billion, also below estimates of about $2.3 billion. Reporting by Nathan Gomes in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

Persons: Blake Moret, Nathan Gomes, Milla Nissi Organizations: Rockwell Automation, Thomson Locations: Bengaluru

☆ Atos lifts sales target, expands divestment plan
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of French IT consulting firm Atos is seen on its new supercomputer BullSequana XH3000 during a news conference in Paris, France, February 16, 2022. REUTERS/Sarah MeyssonnierJuly 28 (Reuters) - France's Atos (ATOS.PA) raised its annual organic revenue target on Friday, pointing to improving commercial traction and high demand, and said it planned further divestments. Atos expects to achieve the initial divestment target by the end of 2023, when the sale of its sustainability consultancy unit Ecoact to Schneider Electric (SCHN.PA) is completed. "We have already received signals of interest for assets we've identified in our supplementary divestment plan," Senior Executive Vice President Diane Galbe said in a call with journalists. Atos's revenue for the six months through June was 5.5 billion euros ($6 billion), slightly below the 5.57 billion euros expected by analysts polled by Refinitiv Eikon.

Persons: Atos, Sarah Meyssonnier, Ecoact, Diane Galbe, Refinitiv Eikon, Victor Goury, Milla Nissi Organizations: REUTERS, Schneider Electric, Thomson Locations: Paris, France, Laffont, Gdansk

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