United Parcel Service Gains Confidence for Q2 Ramp with Improved Volume, Q1 EBIT, UBS Says
United Parcel Service Gains Confidence for Q2 Ramp with Improved Volume, Q1 EBIT, UBS Says
The retailer, which is also spending $39 million on a previously announced new location in Warren County, Ohio, is drawing attention to store investments as it seeks approval to merge with Albertsons.
Curtiss-Wright's (CW) first-quarter earnings and sales surpass the Zacks Consensus Estimate. The company increases its 2024 EPS outlook.
United Parcel Service said Chief Financial Officer Brian Newman would depart the company as he looks to focus on his health.
(Bloomberg) -- Brazilian state-controlled oil producer Petrobras is waiting for other companies to make bids for a stake in petrochemicals producer Braskem after Abu Dhabi National Oil Co. pulled out of the running.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountS&P 500 Extends Gai
Warren Buffett-backed Occidental Petroleum reports first-quarter earnings and revenue late Tuesday, with analysts expecting EPS to nearly halve as lower oil and natural gas prices continue to hit energy companies.
Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales in the region of lower costs cars to rival their European competitors amid slowing demand at home, the world's largest car market. European imports of Chinese-made electric vehicles (EVs) have soared in recent years, raising concerns among domestic EV producers that could suffer significant losses by a wave of cheap Chinese electric vehicles, and politicians alike.
French president Emmanuel Macron met with Chinese president Xi Jinping yesterday.
An upcoming shareholder vote at Denny’s Corp could pressure the company to set targets for reducing its use of pork from suppliers that keep pregnant pigs in tight confinement, called gestation crates. The Humane Society of the United States, a shareholder in Denny’s, filed the proposal ahead of the diner chain’s May 15 annual investor meeting. The proposal has been backed by Institutional Shareholder Services, an influential proxy advisory firm which often guides how shareholders vote on hot-button issues.
Gains were also supported by Saudi Aramco raising its official selling prices for June, which analysts saw as a possible intention of keeping output cuts in place beyond 2Q. 1514 GMT – CFRA Research trims its target on TC Energy to reflect an enterprise value slightly below the historical average due to above-average demand on cash flows for dividend and growth needs. Analyst Stewart Glickman reckons 2024 will ultimately mark a near-term peak in capex spending for TC Energy, barring any major acquisitions, and while demands on cash flows currently are high it could pave the way to greater free cash flow later in the decade, aided by an asset divestment program.
HSBC Holdings, Barclays and Deutsche Bank have been highlighted in this Industry Outlook article.