Volkswagen’s works council demands clarity on VW brand turnaround plan
BERLIN (Reuters) – Volkswagen’s works council is demanding more information on a cost-cutting and efficiency drive being drawn up for the automaker’s main passenger car brand, saying employees needed more transparency from…
US rate futures expect Fed pause in June in sharp turnaround from earlier
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – U.S. rate futures on Wednesday priced in a pause in interest rate hikes by the Federal Reserve at next month’s monetary policy meeting, a massive…
Analysis-Erdogan election showing cools Turkish turnaround hopes
By Marc Jones LONDON (Reuters) – Hopes among investors of a surge in Turkish markets evaporated on Monday after long-standing President Tayyip Erdogan took a commanding position in Turkey’s elections. The combative…
Disney’s Iger may have to add slowing growth to his turnaround checklist
(Reuters) – Walt Disney Co’s quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that…
China turnaround challenge dwarfs Adidas’ Yeezy debacle
By Casey Hall SHANGHAI (Reuters) -A potential 500 million euro ($551 million) write-off on unsold Yeezy shoes is a headache for Adidas as it looks to implement a global turnaround – but…
All eyes on Lyft’s new CEO as Wall Street awaits turnaround plan
(Reuters) – Lyft Inc’s revenue growth is likely to lag bigger rival Uber Technologies Inc for the sixth straight quarter, with Wall Street eagerly looking forward to a turnaround plan from its…
As US importers liquidate and destroy unsold goods, ports eye shipping turnaround
By Lisa Baertlein LOS ANGELES (Reuters) – The leader of the busiest U.S. seaport on Friday said February’s cargo volume hit the lowest level since the start of the pandemic as inflation…
FedEx profit report to test company turnaround
By Kannaki Deka and Lisa Baertlein (Reuters) – Analysts expect FedEx Corp to post a sharp drop in quarterly profit on Thursday as demand retreats to prepandemic levels, and are asking whether…
Bed Bath & Beyond raises $135 million more to aid turnaround effort
(Reuters) – Bed Bath & Beyond Inc said on Wednesday it had raised another $135 million in an equity offering and was in the process of rebuilding its business after teetering on…
Peloton results to offer clues on impact of turnaround plan
By Kannaki Deka (Reuters) – Peloton Inc’s efforts to get its operations back in shape should help it slow cash burn and post a smaller loss on Thursday, but the road to…
Analysis-Credit Suisse’s turnaround just got a lot tougher as market reels
By Oliver Hirt and Carolina Mandl ZURICH/NEW YORK (Reuters) – Swiss lender Credit Suisse Group AG, battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a…
Siemens Gamesa to cut 2,900 jobs as part of its turnaround
MADRID (Reuters) – Wind turbine maker Siemens Gamesa plans to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability, it said in a statement on Thursday.…
Portuguese airline TAP says turnaround on track despite fuel costs, FX
LISBON – The restructuring at Portuguese airline TAP, designed to bring it back to profit in the next few years, is on track despite soaring fuel costs and the dollar’s appreciation against…
Strong results from Pinterest, Snap spur turnaround in clobbered social media stocks
– Shares of Snap and Pinterest surged in extended trading on Thursday following strong quarterly reports, and Twitter also jumped, marking a massive reversal from a wipeout in those social media stocks…
Breaking News
