logo

Breaking News

Share

The pound depreciated against its major rivals in the European session on Tuesday, as investors awaited the Federal Reserve's policy decision for more clarity on the rate outlook. The Fed is expected to deliver a 25 basis point interest rate hike when it ends its two-day meeting on Wednesday. Chair...

drugfentanyl jan31 The U.S Government has imposed sanctions on Mexican-based drug cartel kingpin Jose Angel Rivera Zazueta and his two associates who are major contributors to the U.S. opioid crisis. The Department of the Treasury said Rivera Zazueta and his aides - Nelton Santiso Aguila, a Mexican national, and Guatemalan national Jason Antonio Yang Lopez - used precursor chemicals to manufacture and smuggle fenta

United Airlines Holdings, Inc. (UAL) Tuesday announced a new joint venture Blue Blade Energy with Tallgrass and Green Plains Inc. to develop and commercialize ethanol-based Sustainable Aviation Fuel or SAF technology. If the technology is successful, Blue Blade is expected to proceed with the construction...

NetApp, Inc. (NTAP) revealed on Tuesday in a regulatory filing a plan to restructure and reduce the Company's workforce as a part of its planned efforts to realign resources to prioritize investments against its biggest opportunities in light of the macroeconomic challenges and reduced spending environment...

baltimoreandpotomactunnel jan31 President Joe Biden has announced a $4 billion project to replace the 150-year-old Baltimore And Potomac Tunnel. Biden traveled to Baltimore, Maryland, to kick off the major project funded by the Bipartisan Infrastructure Law. The president, who has the nickname "Amtrak Joe," recalled delays he encountered at the tunnel when travelling via rail between Delaware and Washington D.C. as a Senator.

Workday, Inc. (WDAY) has decided to restructure and realign some teams across the company, leading to eliminate roles impacting approximately 3% of global workforce, with the majority happening in Product & Technology organization. The company noted that these moves are not the result of over-hiring...

Tesco Plc (TSCO.L, TSCDY.PK) announced its decision to reduce the number of Lead and Team Managers in its large stores, impacting around 1,750 colleagues. The company stated that it has have now taken the decision to extend the new management structure across all its larger Superstores and Extra stores....

Imperial Oil Ltd. (IMO, IMO.TO) reported on Tuesday that fourth-quarter net income soared to C$1.73 billion or C$2.86 per share from C$813 million or C$1.18 per share in the prior-year quarter. Total revenues and other income for the quarter increased to C$14.45 billion from C$12.31 billion in the...

WEC Energy Group (WEC) Tuesday announced an agreement to acquire 80 percent ownership interest in the 250-megawatt Samson I Solar Energy Center. The company will invest around $250 million for the ownership in the five-phase Samson solar portfolio that could generate around 1,300 MW when completed....

Chunghwa Telecom Co., Ltd. (CHT) said, for 2023, net income attributable to stockholders of the parent is projected to be NT$34.55~NT$36.10 billion, representing a decrease of 5.4%~1.2% from last year. Net earnings per share are expected to be NT$4.45~NT$4.65, a decrease of 5.4%~1.2% year over year. For...

INOVIO (INO) announced a strategic reorganization, which is expected to provide annual savings of approximately $4.3 million and includes an 11% reduction of full-time employees. The company expects to incur a one-time restructuring charge of approximately $1.1 million in the first quarter of 2023. INOVIO...

pfizer jan31 Drug major Pfizer Inc. reported Tuesday higher earnings in its fourth quarter, above market estimates, and an all-time high revenues in its fiscal 2022. Meanwhile, the company projects sharply lower adjusted earnings and revenues in its fiscal 2023, below Wall Street estimates, reflecting projected decline for COVID-19 products. In pre-market activity on the NYSE, Pfizer shares were losing around

Corning Incorporated (GLW) reported fourth quarter core EPS of $0.47 compared to $0.54, prior year. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.44, for the quarter. Analysts' estimates typically exclude special items. GAAP net loss was $36...

Lennox International Inc. (LII) Tuesday announced an increase in fourth-quarter earnings supported by 13 percent revenue growth compared to the prior year. On an adjusted basis, earnings beat estimates. Further, the company reiterated its 2023 outlook with earnings per share in a range of $14.25-$15.25...

Energy company Phillips 66 (PSX) reported Tuesday that fourth-quarter consolidated earnings surged to $1.88 billion or $3.97 per share from $1.27 billion or $2.94 per share in the prior-year quarter. Excluding special items, adjusted earnings were $4.00 per share, compared to $2.94 per share in the...

Follow RTT