Author: Reuters

Shell smashes forecasts with $7.7 billion quarterly profit
May 2, 2024 No Responses

Shell smashes forecasts with $7.7 billion quarterly profit

By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy...
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Maersk raises profit guidance on strong demand and Red Sea disruption
May 2, 2024 No Responses

Maersk raises profit guidance on strong demand and Red Sea disruption

By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Shipping group Maersk raised its full-year profit guidance after reporting first-quarter earnings on Thursday, citing strong demand and higher freight rates as ships sail for longer to avoid conflict in the Red ...
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Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
May 2, 2024 No Responses

Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board

By Sabrina Valle WASHINGTON/HOUSTON (Reuters) – The Federal Trade Commission on Thursday said Exxon Mobil’s $60 billion purchase of Pioneer Natural Resources could go ahead on the condition Pioneer’s former CEO will not be allowed to join Exx...
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Wall Street rises as Fed rate-hike concerns alleviate
May 2, 2024 No Responses

Wall Street rises as Fed rate-hike concerns alleviate

By Shristi Achar A and Shashwat Chauhan (Reuters) – Wall Street’s main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a crucial job.....
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US labor market still tight; productivity falters in first quarter
May 2, 2024 No Responses

US labor market still tight; productivity falters in first quarter

By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new claims for unemployment benefits held steady at a low level last week, pointing to a still fairly tight labor market that should continue to underpin the economy in the...
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Insurer Chubb readies $350 million payout tied to Baltimore bridge collapse
May 2, 2024 No Responses

Insurer Chubb readies $350 million payout tied to Baltimore bridge collapse

(Reuters) -Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The...
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US tests show pasteurized milk safe as bird flu spreads to Colorado
April 26, 2024 No Responses

US tests show pasteurized milk safe as bird flu spreads to Colorado

By Julie Steenhuysen, Tom Polansek (Reuters) -Additional tests of milk showed that pasteurization killed the bird flu virus, federal health officials said on Friday, as Colorado became the ninth U.S. state to report an infected dairy herd. Federal lawmakers ur...
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Drugmaker AbbVie expects Humira volume erosion to worsen
April 26, 2024 No Responses

Drugmaker AbbVie expects Humira volume erosion to worsen

By Leroy Leo and Christy Santhosh (Reuters) -AbbVie expects a drop in sales volumes of its blockbuster arthritis drug Humira to deepen after recent changes by U.S. pharmacy benefit managers and as patients shift to other drugs. Its shares were...
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Two senators want US to order Tesla to restrict Autopilot use
April 26, 2024 No Responses

Two senators want US to order Tesla to restrict Autopilot use

WASHINGTON (Reuters) – Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver assistance system Autopilot on roads where it is not intended. Democratic Senators Ed Markey and Richard Blumenthal said the National Highway...
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