MILAN (Reuters) – Sales at Italian luxury goods group Salvatore Ferragamo dropped by 8.1% at constant currencies last year, prompting Chief Executive Marco Gobbetti to warn that hitting turnaround goals…
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…
ANKARA (Reuters) – President Tayyip Erdogan said on Wednesday Turkey will lower its inflation rate to “single digits” with the support of “tight monetary policy” as he presented new forecasts…
SHANGHAI (Reuters) -Chinese electric-vehicle maker Xpeng forecast sharp growth in deliveries in the second half of the year thanks to its new model that is taking on Tesla with competitive…
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,…
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.…
(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…
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…
(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…
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…
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…
(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…
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…
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…
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…
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…
– 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…