Thursday 30 December 2021

Reuters Business: Exxon signals fourth quarterly profit in a row on higher prices

Exxon signals fourth quarterly profit in a row on higher prices

Exxon Mobil Corp on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove as much as $1.9 billion in operating gains in the fourth quarter.

Omicron, unruly passengers deter U.S. airline staff from holiday overtime

U.S. airline cabin crew, pilots and support staff are reluctant to work overtime during the holiday travel season despite being lured with hefty financial incentives because of the growing fear of contracting COVID-19 and the prospect of dealing with unruly passengers, three airline unions said.

U.S. airline group seeks 5G wireless deployment delay near airports

A U.S. trade group representing major passenger and cargo airlines asked the Federal Communications Commission on Thursday to halt deployment of new 5G wireless service at some airport locations.

Wall Street closes down, indexes still poised for big annual gains

Wall Street closed lower on Thursday, retreating late in thin holiday volume from record highs set early in the session on strong U.S. data including a drop in weekly claims for U.S. unemployment benefits.

S&P 500, Dow close down but still poised for big annual gain

Wall Street closed lower on Thursday, retreating in thin holiday volume from record highs set early in the session on strong U.S. data including a drop in weekly claims for U.S. unemployment benefits.

Canada's WestJet cancelling 15% of January flights due to COVID-19 surge

Canada's WestJet Airlines will cancel 15% of scheduled flights in January because the rapidly spreading Omicron variant of COVID-19 has left the airline unable to fully staff its operations, the company said on Thursday.

Israel agrees on more aid for El Al Airlines amid COVID travel bans

Israel's government said on Thursday it would give additional aid to El Al Airlines to help compensate for the reimposition of a COVID-19 entry ban on foreign tourists and restrictions on overseas travel by Israelis.

S&P 500, Dow score record highs as unemployment claims drop; strong manufacturing data

The S&P 500 and the Dow touched all-time highs on Thursday, extending a record-setting run as new claims for U.S. unemployment benefits fell in the week, showing that the Omicron variant of the virus that causes COVID-19 has yet to slow the U.S. economy.

Drugmaker Teva fueled opioid addiction in New York, jury finds

Teva Pharmaceutical Industries Ltd fueled opioid addiction in New York state, a jury found on Thursday, a setback for a company still facing thousands of other opioid-related lawsuits around the United States.

Furniture giant IKEA raises prices as supply chain woes persist

The world's biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday.

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