Business
Royal Caribbean lifts annual profit forecast on robust cruising demand
(Reuters) - Royal Caribbean Group on Thursday raised its annual profit forecast for a second time, benefiting from record demand for cruises and robust on-board spending. It now expects annual adjusted profit between $10.70 and $10.90 per share, ...
Southwest Airlines cuts jet delivery forecast from Boeing again
(Reuters) - Southwest Airlines said on Thursday it anticipates less than half of the new aircraft deliveries it had previously expected from Boeing in 2024 and will take measures to tighten costs, such as voluntary time off programs, as a buffer.
Lazard's first-quarter profit rises on jump in assets
(Reuters) - Lazard reported a higher first-quarter profit on Thursday buoyed by a growth in assets at the boutique investment bank. Profit attributable to Lazard was $36 million, or 35 cents per share, in the quarter, compared with a loss of $22 ...
India's Tech Mahindra posts Q4 revenue miss
Bengaluru/ (Reuters) - Tech Mahindra, India's fifth-largest software company, reported fourth-quarter revenue below analysts' estimates on Thursday due to weakness in the communications and media vertical as macro headwinds weighed on overall ...
Morning Bid: Meta plunges, mega mining merger revealed
A look at the day ahead in U.S. and global markets from Mike Dolan Megacap Meta revived Big Tech jitters on Wall St overnight as its pumped-up stock balked at an ostensibly decent earnings update late Wednesday - but the mining sector was abuzz about ...
'We brought The Seed Company into the 21st century': St. John's-based business prepares to celebrate 100 years
When Peter Byrne's great-grandfather, E.W. Gaze, opened Gaze Seed Company in 1925, it was the only seed company in N.L. Better known today as The Seed Company, they supplied seeds to farmers and gardeners across the island through mail via a ...
BlackRock-backed Decarbonization Partners raises $1.4 billion for first fund
By Simon Jessop LONDON (Reuters) - Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and Singaporean state investment firm Temasek, said on Thursday it had raised a higher-than-targeted $1.4 billion for its first fund.
Ukraine, Israel bill to bolster Lockheed, RTX profits
By Mike Stone WASHINGTON (Reuters) - Lockheed Martin Corp and RTX Corp, fresh off a surge of orders in response to Russian aggression against Ukraine and the war in Gaza, stand to profit from $95 billion of mostly new weapons funding as the ...
Chemicals maker Dow beats quarterly profit estimates
(Reuters) - Chemicals maker Dow beat first-quarter profit estimates on Thursday, helped by higher sales volumes as global manufacturing activity shows signs of growth. China's manufacturing activity expanded for the first time in six months in ...
Why the Bank of Canada decided to hold interest rates in April
Divisions within the Bank of Canada over the timing of a much-anticipated cut to the key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face ...