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By Akash Sriram (Reuters) -New York Times Co signaled on Tuesday that advertising spending was picking up faster than market expectations after the news publisher beat Wall Street estimates for second-quarter results, sending its shares higher by more than 6%. The company has been bundling access to news reports and articles with a diverse portfolio […]

(Reuters) -The contours of the debate at the heart of the Federal Reserve’s policy decision next month came into clearer view on Monday as officials outlined the case for and against another interest rate hike. “The debate is really about: Do we need to do another rate increase? Or not? … I think we’re pretty […]

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories. The company, one of the world’s biggest container shippers with a market share of around 17%, said it expects […]

(Reuters) -Shares of PayPal Holdings fell nearly 11% on Thursday as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. The stock was trading at $65.29, its lowest since mid-June. The company said higher provisions at its credit portfolio hit margins and that it had tightened underwriting standards on loans. The San […]

By Deborah Mary Sophia (Reuters) -Yum Brands on Wednesday beat estimates for quarterly comparable sales and profit as strong demand for cheaper meals and promotional offers at its KFC restaurants countered lackluster traffic at its Taco Bell and Pizza Hut outlets. Quarterly comparable sales at KFC jumped 13% and topped estimates for an 8.29% growth, […]

By Dietrich Knauth NEW YORK (Reuters) – The U.S. Department of Justice on Friday asked the U.S. Supreme Court to stop Purdue Pharma from proceeding with a bankruptcy settlement that protects its Sackler family owners from lawsuits. An appeals court rejected a proposed delay earlier this week, ruling that Purdue may proceed with a bankruptcy […]

(Reuters) -Shares of Enphase Energy slumped nearly 11% on Friday, after the solar inverter maker’s third-quarter revenue target fell well short of analyst estimates due to weak demand. Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make […]

(Reuters) -Hospital operator HCA Healthcare Inc on Thursday raised its annual profit forecast, betting on a recovery in non-urgent medical procedures as more patients return to hospitals for surgeries delayed during the COVID-19 pandemic. The volumes of medical procedures are trending upwards after the U.S. government ended the public health emergency status for COVID-19 in […]

(Reuters) -General Dynamics on Wednesday lifted its annual revenue forecast as demand for business jets and military equipment stays resilient, sending its shares up 3% at midday. Demand for business jets from U.S. corporations remains buoyant despite a recovery in commercial flights and pressure from environmentalists over emissions. “It’s the Fortune 500 that are really […]