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20 Oct

Carrefour Brasil reports 8% increase in Q3 gross sales

Carrefour Brasil Reports 8% Increase In Q3 Gross Sales

. The logo of French retailer Carrefour on shopping trolleys in Sao Paulo, Brazil, July 18, 2017. /Paulo Whitaker/File Photo BRASILIA Carrefour (PA:CARR) Brasil, one of Brazil’s largest retailers and owned by Carrefour SA (OTC:CRRFY), reported an 8% increase in gross sales for the third quarter, the company said in a filing on Tuesday. Sales by its wholesa

20 Oct

China raises $4 billion in U.S. dollar bond deal

China Raises $4 Billion In U.S. Dollar Bond Deal

. By Scott Murdoch HONG KONG China has raised $4 billion through a U.S. dollar sovereign bond issue, according to a term sheet seen by . The pricing for the deal was set at Treasuries plus 6 basis points for the three-year tranche, 12 basis points for five years, 23 basis points for 10 years and 53 basis points for the 30-year tranche. The three- and 10-year tranches each

20 Oct

America Movil Q3 net profit dips 16%, falling short of expectations

America Movil Q3 Net Profit Dips 16%, Falling Short Of Expectations

. The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. /Edgard Garrido/File PhotoBy Cassandra Garrison MEXICO CITY -Mexican telecommunications giant America Movil (NYSE:AMX) on Tuesday reported a 16% dip in third-quarter net profit compared to the year earlier period as t

20 Oct

Credit Suisse to pay $475 million to resolve Mozambican scandal charges

Credit Suisse To Pay $475 Million To Resolve Mozambican Scandal Charges

. A Credit Suisse sign is seen on the exterior of their Americas headquarters in the Manhattan borough of New York City, September 1, 2015. /Mike Segar/File PhotoBy Chris Prentice and John Revill WASHINGTON/ZURICH -Credit Suisse Group AG will pay about $475 million to American and British authorities to resolve bribery and fraud charges relating to a $2 billion

20 Oct

U.S. workers face job losses as COVID-19 vaccine mandates kick in

U.S. Workers Face Job Losses As COVID-19 Vaccine Mandates Kick In

. Boeing employees and others line the street with signs and American flags as they protest the company's coronavirus disease (COVID-19) vaccine mandate, outside the Boeing facility in Everett, Washington, October 15, 2021. /Lindsey WassBy Nathan Layne -Thousands of unvaccinated workers across the United States are facing potential job losses as a growing number

20 Oct

3M agrees to pay $98 million to resolve suits over 'forever' chemicals

3M Agrees To Pay $98 Million To Resolve Suits Over 'forever' Chemicals

. The 3M logo is seen at its global headquarters in Maplewood, Minnesota, U.S. on March 4, 2020. /Nicholas Pfosi/File PhotoBy Sebastien Malo NEW YORK Industrial conglomerate 3M Co on Tuesday said it had agreed to pay about $98.4 million to settle claims that it contaminated the Tennessee River with toxic chemicals. 3M agreed to resolve a lawsuit by environment

19 Oct

Miner Vale to slow down iron ore production in Q4 due to low prices

Miner Vale To Slow Down Iron Ore Production In Q4 Due To Low Prices

. The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. /Adriano Machado/File Photo -Brazilian miner Vale SA (NYSE:VALE) said on Tuesday it was slowing down production of low-margin iron ore in the fourth quarter by about 4 million tonnes due to low prices, and could cut back output in 2022 if prices did not rise. Vale

19 Oct

America Movil Q3 net profit dips 16.4%, falling short of expectations

America Movil Q3 Net Profit Dips 16.4%, Falling Short Of Expectations

. The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. /Edgard Garrido/File PhotoBy Cassandra Garrison MEXICO CITY -Mexican telecommunications giant America Movil (NYSE:AMX) on Tuesday reported a 16.4% dip in third-quarter net profit compared with the same period a year e

19 Oct

U.S. Senate panel to hold new hearing on social media impact on young users

U.S. Senate Panel To Hold New Hearing On Social Media Impact On Young Users

. Young girls look at their phones as they sit on a hillside after sun set in El Paso, Texas, U.S., June 20, 2018. /Mike Blake/FilesBy David Shepardson WASHINGTON -The U.S. Senate will hold an Oct. 26 hearing with tech firms Snap (NYSE:SNAP)'s Snapchat, TikTok, and Alphabet (NASDAQ:GOOGL)'s YouTube about their platforms' impact on young users, a panel said on Tuesday. "Rece

19 Oct

Aeromexico posts third-quarter net loss of almost $109 million

Aeromexico Posts Third-quarter Net Loss Of Almost $109 Million

. Aeromexico airplanes are pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021. Picture taken July 14, 2021. /Luis Cortes/FilesMEXICO CITY Grupo Aeromexico, which operates Mexico's largest airline, reported on Tuesday a net loss of 2.24 billion pesos ($108.7 million) in the third quarter, versus a net loss of 2.88 billion pesos from

19 Oct

UBS's Weber centre stage as Santander-Orcel court battle resumes

UBS's Weber Centre Stage As Santander-Orcel Court Battle Resumes

. Axel Weber, Chairman of Swiss bank UBS addresses the company's annual shareholder meeting in Basel, Switzerland May 2, 2019. /Arnd Wiegmann/FilesBy Jesús Aguado and Emma Pinedo MADRID UBS Chairman Axel Weber is expected to take centre stage on Wednesday in a court battle that erupted after Spain's Santander (MC:SAN) withdrew a multimillion-euro offer to the Swiss lende

19 Oct

Activision Blizzard fired 20 employees following harassment claims

Activision Blizzard Fired 20 Employees Following Harassment Claims

. The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. /Mike Blake/Files -Videogame publisher Activision Blizzard Inc (NASDAQ:ATVI) said on Tuesday it had fired more than 20 employees following allegations of sexual harassment and discrimination at the workplace, with 20 more individuals facing other forms of disciplinary

19 Oct

U.S. surgeons successfully test pig kidney transplant in human patient

U.S. Surgeons Successfully Test Pig Kidney Transplant In Human Patient

2/2Reuters. The surgical team examines the pig kidney for any signs of hyperacute rejection, as the organ was implanted outside the body to allow for observation and tissue sampling during the 54-hour study period, at NYU Langone in New York, U.S., in this undated handout photo. Joe Carrotta for NYU Langone Health/Handout via .2/2By Nancy Lapid NEW YORK For the first time, a pi

19 Oct

United Airlines posts smaller loss, sees recovery from pandemic gaining traction

United Airlines Posts Smaller Loss, Sees Recovery From Pandemic Gaining Traction

. A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. /Chris Helgren/File PhotoBy Rajesh Kumar Singh CHICAGO -United Airlines Holdings on Tuesday reported a smaller quarterly loss than a year ago, but a resurgence in coronavirus cases slowed bookings and drove up

19 Oct

UPS, Disney meet White House officials to discuss vaccine mandate

UPS, Disney Meet White House Officials To Discuss Vaccine Mandate

2/2Reuters. A screen shows the logo and a ticker symbol for the Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. /Brendan McDermid2/2By Nandita Bose WASHINGTON Executives with United Parcel Service Inc (NYSE:UPS), Walt Disney (NYSE:DIS) Co and other companies met with White House officials on Tuesday to

19 Oct

U.S. FDA to recommend Pfizer, Moderna boosters for people 40 and older -CNN

U.S. FDA To Recommend Pfizer, Moderna Boosters For People 40 And Older -CNN

. A nurses fills up syringes for patients as they receive their coronavirus disease (COVID-19) booster vaccination during a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, U.S., September 29, 2021. /Emily ElconinNew York The U.S. Food and Drug Administration is expected to soon recommend that persons 40 and older receive a Pfizer (NYSE:PFE) or Moderna (NAS

19 Oct

Brazilian miner Vale reports Q3 iron ore production of 89.4 million tonnes

Brazilian Miner Vale Reports Q3 Iron Ore Production Of 89.4 Million Tonnes

. The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. /Adriano Machado/File PhotoBRASILIA Brazilian miner Vale SA (NYSE:VALE) reported third-quarter iron ore production of 89.42 million tonnes, the company said on Tuesday in a securities filing. Nickel production for the quarter was 30,200 tonnes, Vale said.

19 Oct

Brazil superior court rejects Brumadinho indictments on procedural grounds

Brazil Superior Court Rejects Brumadinho Indictments On Procedural Grounds

. A soldier helps a member of a rescue team on Paraopeba River as they search for victims of a collapsed tailings dam owned by Brazilian mining company Vale SA, in Brumadinho, Brazil February 5, 2019. /Adriano MachadoBRASILIA Brazil's Superior Court of Justice threw out on procedural grounds an indictment of 16 people in relation to the collapse of the Brumadi

19 Oct

Australia to make permanent company laws allowing virtual AGMs - AFR

Australia To Make Permanent Company Laws Allowing Virtual AGMs - AFR

. The Central Business District (CBD) skyline is pictured at sunset in Sydney, Australia, June 4, 2021. /Loren Elliott/FilesSYDNEY Australia will make permanent rules introduced during the COVID-19 pandemic that allow companies to hold virtual shareholder meetings and electronically distribute documents, the Australian Financial Review (AFR) reported on Wednesday. Under t

19 Oct

Activision Blizzard fires 20 employees following harassment claims - FT

Activision Blizzard Fires 20 Employees Following Harassment Claims - FT

. The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. /Mike Blake/Files -Activision Blizzard Inc has fired 20 employees over claims of harassment, the Financial Times reported on Tuesday, citing a letter sent to staff. According to the report, the video game maker will also expand its ethics and compliance team, tasked

19 Oct

America Movil Q3 net profit dips 16.4% to $766 million

America Movil Q3 Net Profit Dips 16.4% To $766 Million

. The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. /Edgard Garrido/File PhotoMEXICO CITY -Mexican telecommunications giant America Movil (NYSE:AMX) reported on Tuesday a third-quarter net profit of 15.8 billion pesos ($766 million), down 16.4% from the same period a y

19 Oct

Abbott Laboratories vs. Abiomed: Which Medical Devices Stock is a Better Investment?

Abbott Laboratories Vs. Abiomed: Which Medical Devices Stock Is A Better Investment?

. Abbott Laboratories vs. Abiomed: Which Medical Devices Stock is a Better Investment?The medical devices industry is rebounding from its pandemic-led decline in demand with the rescheduling of elective surgeries and the increasing need for services by an aging population. Continuing innovations and the integration of advanced technologies positions the industry well for growth. Therefore,

19 Oct

2 Downgraded Oil & Gas Stocks to Avoid

2 Downgraded Oil & Gas Stocks To Avoid

2 Downgraded Oil & Gas Stocks to AvoidUpward price pressure and uncertainties are evident in the oil market. And given the commodity’s high volatility, fundamentally weak stocks in this space are at the risk of a downturn. Indeed, oil & gas stocks Northern Oil and Gas (NOG) and Genesis Energy (NYSE:GEL) have recently been downgraded by analysts. So, we think these stocks are best

19 Oct

Why the Stock Maret Could Be Making New Highs by Next Week

Why The Stock Maret Could Be Making New Highs By Next Week

. Why the Stock Maret Could Be Making New Highs by Next WeekLast week’s article laid out the bullish case for stocks. Despite the market’s turbulence, market conditions were improving under the surface. This simply means that the odds of a trending, broad-based market advance were higher than usual. AND, the market did respond as the S&P 500 (SPY) is up by more than 120 points since

19 Oct

United Airlines posts smaller quarterly loss as travel rebounds

United Airlines Posts Smaller Quarterly Loss As Travel Rebounds

. A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. /Chris Helgren/File PhotoCHICAGO United Airlines Holdings (NASDAQ:UAL) on Tuesday reported a narrower-than-expected third-quarter loss, helped by a recovery in travel demand. The Chicago-based carrier reporte