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News
Texas Stock Exchange captures first primary equity market listings from NYSE
2+ day, 16+ hour ago (544+ words) PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In…...
ECB raises interest rates to fight off inflation jump
3+ day, 1+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
American Eagle shares slide as flat margin outlook, weak core brand weigh
3+ day, 5+ hour ago (266+ words) Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as…...
German August inflation confirmed at 2.9%
3+ day, 7+ hour ago (71+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to…...
Analysis-GE Aerospace bets on ‘black art’ of casting to secure jet engine supply
3+ day, 17+ hour ago (617+ words) PARIS/CHICAGO, Sept 9 (Reuters) – GE Aerospace has acted to contain shortages of precision jet engine parts while securing valuable technology by breaking into the inner circle of castings manufacturers with a $12 billion purchase of Consolidated Precision Products. Buying CPP, the…...
Citi Private Bank hires Radzinski from Bank of America
3+ day, 16+ hour ago (126+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Citi Private Bank hires Radzinski from Bank of America NEW YORK, Sept 9 (Reuters) – Citigroup’s Private Bank announced the hiring of Teresa Radzinski from Bank of America to strengthen relationships…...
Marriott CEO says Mideast revenue drag eased in July as war risks persist
3+ day, 20+ hour ago (300+ words) Sept 9 (Reuters) – Marriott International’s Middle East hotel revenue declines narrowed significantly in July despite ongoing regional conflicts that continue to cause development project delays, chief executive Anthony Capuano said on Wednesday. Steady leisure and summer travel demand have helped travel…...
Zara owner Inditex reports strong August trading amid heatwaves
4+ day, 7+ hour ago (311+ words) LONDON, Sept 9 (Reuters) – Zara owner Inditex reported a better-than-expected start to its autumn trading on Wednesday, with currency-adjusted sales up 9% in August, even as extreme heat across Europe reshapes shopping behaviour in its biggest market. The fast-fashion giant made €11 billion…...
Dutch fintech Adyen sees long-term India opportunity, plans local expansion
4+ day, 9+ hour ago (417+ words) By Nishit Navin and Ashwin Manikandan MUMBAI, Sept 9 (Reuters) – Dutch payments processor Adyen plans to expand its India operations and hire more employees as it bets on the country’s fast-growing digital payments market and rising cross-border commerce activity, a top…...
Goldman expands AI push with new engineering office in Bellevue
4+ day, 22+ hour ago (141+ words) Sept 8 (Reuters) – Goldman Sachs said on Tuesday it has opened a new office in Bellevue, Washington, to serve as a dedicated engineering location for more than 125 employees focused on AI and cloud transformation. Corporate America has stepped up investments in…...