Wednesday, 6 November 2019

Lufthansa crew strike to result in 1,300 canceled flights

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Lufthansa crew strike to result in 1,300 canceled flights

A strike by Lufthansa cabin crew over two days this week will result in the cancellation of 1,300 flights and affect 180,000 passengers, the German carrier said on Wednesday.

Papa John's new CEO shakes up top management; CFO to leave

Papa John's International Inc said on Wednesday its finance head would leave the company next year amid a raft of top level changes as new Chief Executive Officer Rob Lynch tries to turn around the pizza chain.

SoftBank's Son humbled after Vision Fund's $8.9 billion loss

SoftBank reported its first quarterly loss in 14 years on Wednesday, whiplashed by an $8.9 billion hit at its giant Vision Fund and marking a rare, humbling moment for CEO Masayoshi Son over his backing of troubled startup WeWork.

Facebook executives planned 'switcharoo' on data policy change: court filings

Facebook Inc began cutting off access to user data for app developers from 2012 to squash potential rivals while presenting the move to the general public as a boon for user privacy, according to court documents reviewed by Reuters.

New York Times beats profit estimates on higher digital subscriptions

The New York Times Co beat third-quarter profit estimates on Wednesday, as more people signed up for the newspaper's digital subscription, priced as low as $2 a week.

Risk rally pauses as markets await signals on trade

Global stock markets steadied after a three-day rally on Wednesday as traders continued to watch incoming economic data and awaited new developments from U.S.-China trade talks.

Capri profit misses as Hong Kong protests hurt Versace sales

Capri Holdings Ltd missed Wall Street estimates for quarterly profit on Wednesday, as protests in Hong Kong and negative Chinese consumer reaction to an 'incorrectly labeled' T-shirt hurt sales of its Versace brand.

Keystone pipeline spill hardens landowner opposition to proposed expansion

A big oil spill from the Keystone Pipeline in North Dakota last week has hardened opposition to the controversial Keystone XL expansion among landowners along its route, who say they hope to use the incident to help block or stall the project in court.

Coty revenue misses expectations on weak demand for cosmetics

Cosmetics maker Coty Inc posted first-quarter revenue that fell short of Wall Street estimates on Wednesday, hit by sluggish sales of its mass-market beauty brands.

Boeing to invest $1 billion in global safety drive: sources

Boeing Co is planning an initial investment of around $1 billion into industry-wide pilot development as part of a long-term initiative to reduce risks like those faced by the crew in two 737 MAX crashes, people familiar with the matter said.

CVS tops profit estimates on Aetna strength

CVS Health Corp posted a better-than-expected quarterly profit on Wednesday, boosted by its pharmacy benefit management unit and the Aetna health insurance business it acquired last year.

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