Thursday, 30 September 2021

Reuters Business: Exxon expects higher gas, oil prices to boost quarterly earnings by up to $1.5 bln

Exxon expects higher gas, oil prices to boost quarterly earnings by up to $1.5 bln

Top U.S. shale producer Exxon Mobil Corp said on Thursday it expects higher oil and gas prices to boost third-quarter earnings by as much as $1.5 billion, compared with the second quarter.

Wall St slides, S&P 500 posts worst month, quarter since COVID outbreak

Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears and budget wrangling in Washington.

Wells Fargo must face shareholder lawsuit over compliance with consent orders

A federal judge on Thursday rejected Wells Fargo & Co's bid to dismiss a lawsuit accusing the fourth-largest U.S. bank of defrauding shareholders about its compliance with a series of consent orders from U.S. regulators, including a cap on its assets.

Electronic Arts CFO Blake Jorgensen to step down

Video game publisher Electronic Arts Inc said on Thursday its Chief Financial Officer Blake Jorgensen is expected to step down in the summer of 2022, and the company will begin the search for its new finance chief soon.

Foreign automakers ask U.S. House Democrats to reject union EV tax credit

A group of 12 major foreign automakers, including Toyota Motor Corp , Volkswagen AG , Hyundai Motor Co and Nissan Motor Co , urged U.S. House of Representatives Democrats to reject a proposed $4,500 tax incentive for U.S-made electric vehicles by union workers.

Neiman Marcus says notified 4.6 mln customers about data breach

Retailer Neiman Marcus Group said on Thursday it had notified about 4.6 million online customers that their personal information including names, contact information and credit card numbers may have been accessed in a data hack.

Wall Street posts monthly loss, worst quarter since COVID outbreak

All three Wall Street major indexes ended lower on Thursday and posted their worst quarters in at least 12 months, following a tumultuous month and period wracked by concerns over COVID-19, inflation fears and budget wrangling in Washington.

Whole Foods co-founder John Mackey to step down as CEO next year

Whole Foods Chief Executive Officer John Mackey will retire next September from his role at the Amazon.com Inc-owned company which he co-founded 43 years ago.

Toyota, Mazda's U.S. joint venture to hire 1,700 additional employees

Toyota Motor Corp and Mazda Motor Corp's joint venture factory in the United States will hire 1,700 additional employees as it ramps up production, the companies said on Thursday.

GM's Cruise gets permit to give driverless rides to passengers in San Francisco

General Motors Co's Cruise self-driving car subsidiary said on Thursday it has become the first company to receive a regulatory permit to offer driverless ride-hailing services in California.

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