Author Archives: Syndicated Content
Truckmaker PACCAR misses margin estimate as costs weigh
(Reuters) - PACCAR reported a gross margin that fell short of its own expectations on higher costs, sending the truckmaker's shares down 5.7% in morning trading on Tuesday. The trucking industry has t...
Thomson Reuters Oct 22, 2024
JM Smucker to divest cookie brand Voortman in $305 million deal
(Reuters) - J.M. Smucker said on Tuesday it would sell its cookie brand, Voortman, to U.S.-based premium snacks maker Second Name Brands in a $305 million all-cash deal. The Jif peanut butter maker, w...
Thomson Reuters Oct 22, 2024
Italian growth to be weaker than government targets, IMF and business lobby say
MILAN (Reuters) -Italy's economic growth this year and next will be weaker than the government's targets of 1% and 1.2% respectively, the International Monetary Fund (IMF) and the country's main busin...
Thomson Reuters Oct 22, 2024
NYC comptroller Lander to end private market fossil fuel investments
By Ross Kerber (Reuters) - New York City Comptroller Brad Lander on Tuesday outlined plans to end certain pension funds' future private market investments in fossil fuel infrastructure over climate co...
Thomson Reuters Oct 22, 2024
Impactive Capital bets on SLM and Basic Fit for long-term gains
By Svea Herbst-Bayliss NEW YORK (Reuters) - Impactive Capital doesn't push companies to sell but wants them to do better on their own, co-founder Lauren Taylor Wolfe said on Tuesday, citing student lo...
Thomson Reuters Oct 22, 2024
HSBC's Pam Kaur smashes glass ceiling in major overhaul
By Sinead Cruise and Lawrence White LONDON (Reuters) - HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the "Power of C...
Thomson Reuters Oct 22, 2024
Yellen: Haven't yet seen a China policy to fix its low consumer spending
(Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday said she has not yet seen policies announced by China that would address its low level of consumer spending as a share of its economy. "Our ...
Thomson Reuters Oct 22, 2024
Lebanon needs $250 million a month for displaced, minister says ahead of Paris summit
By Maya Gebeily BEIRUT (Reuters) - Lebanon will need $250 million a month to help more than a million people displaced by Israeli attacks, its minister in charge of responding to the crisis said on Tu...
Thomson Reuters Oct 22, 2024
Sudan's RSF attacks east Gezira villages following defection
CAIRO/DUBAI (Reuters) - Paramilitary Rapid Support Forces have attacked villages in the east of Sudan's El Gezira state, killing at least 25 people, following the defection of high-ranking RSF officer...
Thomson Reuters Oct 22, 2024
Xi tells Putin the world is in chaos but friendship with Russia will endure
KAZAN, Russia (Reuters) - Chinese President Xi Jinping told Russia's Vladimir Putin that the international situation was gripped by chaos but that Beijing's strategic partnership with Moscow was a for...
Thomson Reuters Oct 22, 2024