Category: Business

Royal Caribbean says modest Delta impact on rising cruise demand

(Reuters) -Royal Caribbean Group on Wednesday flagged a modest hit to cruise bookings from the Delta variant of the coronavirus, and said the demand for next year was rising on hopes of a recovery in

Intesa plans $4 billion shareholder payout as it lifts profit goal

By Valentina Za MILAN (Reuters) – Italy’s top bank Intesa Sanpaolo raised its full-year profit estimate after stronger-than-forecast second-quarter earnings, and said it planned to return 3.3 billion

Marathon Petroleum expects lower quarterly throughput on fuel demand worries

(Reuters) -U.S. oil refiner Marathon Petroleum Corp said it expects to process slightly less crude in the third quarter compared with the second, as the spread of the highly contagious Delta variant

Kraft Heinz beats estimates on sustained demand for snacks, packaged meals

(Reuters) -Kraft Heinz Co beat market estimates for quarterly net sales and profit on Wednesday, as demand for snacks and packaged meals remained strong even as people started venturing out following

Foot Locker Is Buying Sneaker Retailer Atmos, Which Recently Merged With Philly Sneaker Boutique Ubiq

By Damichael Cole From The Philadelphia Inquirer Foot Locker announced Monday in a press release that it is buying two major sneaker store chains for a total of $1.1 billion. The stores are Japanese streetwear brand Atmos and California athletic retailer WSS. Just last November, Atmos merged with popular Philly sneaker boutique, Ubiq. Originally opened […]

Foot Locker Is Buying Sneaker Retailer Atmos, Which Recently Merged With Philly Sneaker Boutique Ubiq

By Damichael Cole From The Philadelphia Inquirer Foot Locker announced Monday in a press release that it is buying two major sneaker store chains for a total of $1.1 billion. The stores are Japanese streetwear brand Atmos and California athletic retailer WSS. Just last November, Atmos merged with popular Philly sneaker boutique, Ubiq. Originally opened […]

‘I Don’t Think Businesses Should Take a Political Stance:’ Whole Foods CEO John Mackey

It’s a mistake for corporations to take stances on political issues in the current delicate political climate, Whole Foods CEO John Mackey says. “I don’t think businesses should take a political stance. They should be good citizens in their communities in terms of trying to help solve social problems where they have competence to do […]

UK private-sector growth slows to weakest since March – PMI data

By David Milliken LONDON (Reuters) – British private-sector growth slowed sharply last month due to supply-chain bottlenecks and high worker absences prompted by COVID-19 isolation requirements, a

Australian regulator sues Mercedes for downplaying Takata air bag risks

(Corrects to say 4 mln airbags were identified for recall from 2018 onwards, not recalled, in paragraph 2) (Reuters) – Australia’s consumer watchdog filed a court case on Wednesday against

Australian regulator sues Mercedes for downplaying Takata air bag risks

(Corrects to say 4 mln airbags were identified for recall from 2018 onwards, not recalled, in paragraph 2) (Reuters) – Australia’s consumer watchdog filed a court case on Wednesday against

Factbox-China’s key commodities targeted by Beijing’s recent measures

By Shivani Singh and Min Zhang BEIJING (Reuters) – As a key producer, importer and consumer of most of the world’s major commodities, China is uniquely sensitive to sharp price rises or supply

Woodside’s Scarborough blows out past $16bn

Woodside Petroleum has increased the cost of developing its giant Scarborough gas project in Western Australia by 5 per cent to $US12bn ($16.2bn) while BHP could emerge as the West Australian producer’s biggest shareholder should a mooted buyout deal b…

Fortescue to keep mining after Covid scare

A potential Covid-19 case at a Fortescue Metals mine sent shockwaves through the mining industry on Wednesday, stoking fears over the vulnerability of the sector that relies on a large fly in, fly out workforce in remote sites.

Chesapeake Energy’s future muddied by executive departures, strategy shifts

By Liz Hampton (Reuters) – When U.S. oil and gas producer Chesapeake Energy Corp emerged from bankruptcy in February, it touted to investors a clean balance sheet, a new board of directors and a

World shares ride earnings to fresh high, dollar steady

By Simon Jessop LONDON (Reuters) – Global shares rode earnings to a record high on Wednesday, while the dollar and Treasury yields languished in the wait for U.S. employment data to provide clues to