Wednesday 23 February 2022

Reuters Business: Exxon's workforce declines by 9,000 in 2021 amid cost cuts

Exxon's workforce declines by 9,000 in 2021 amid cost cuts

Exxon Mobil Corp said on Wednesday its global staffing fell by 9,000 people last year amid cost-reduction efforts after the Covid-19 pandemic battered energy demand and prices.

Allbirds tops revenue estimates on robust demand

Allbirds Inc topped market estimates for quarterly revenue on Wednesday on robust demand for its eco-friendly shoes from younger shoppers who are more focused on sustainability.

Qantas posts deeper H1 loss but says outlook improving

Qantas Airways Ltd on Thursday posted a steeper A$1.28 billion ($925.57 million) first-half underlying loss before tax during a period hard-hit by domestic and international border closures but said the outlook was improving as restrictions eased.

Colombia's Grupo Argos 2021 profit surges eightfold

Colombian industrial conglomerate Grupo Argos' net profit soared eightfold from the year before in 2021, reaching 1.2 trillion pesos ($305 million) boosted by record sales figures in its cement and energy businesses, the company reported Wednesday.

JPMorgan reviewing impact on its indices of U.S. sanctions on Russian debt -source

JPMorgan is reviewing the impact that newly imposed U.S. sanctions on Russian sovereign debt may have on its emerging market indices, a source familiar with the matter said.

Chesapeake reports higher profit, raises forecast on soaring crude prices

Shale oil and gas producer Chesapeake Energy Corp said on Wednesday its quarterly adjusted profit rose nearly 15% in the fourth quarter from the third, and raised its 2022 EBITDAX forecast, helped by a surge in energy prices.

Booking posts fourth-quarter profit on strong travel demand

Booking Holdings Inc said on Wednesday it returned to a profit in the fourth quarter as higher vaccination rates and the holiday season encouraged more people to travel.

Brazil hospital chain Rede D'or acquires insurer Sulamerica -report

Brazil hospital chain Rede D'or SA acquired insurer Sulamerica Seguros in a share swap deal, according to a report on Wednesday from local newspaper O Globo.

Wells Fargo accused in lawsuit of routine overtime pay violations

Wells Fargo Co was hit with a proposed class action lawsuit on Wednesday accusing the bank of routinely requiring hourly employees in Florida to work overtime without pay.

EBay quarterly revenue growth disappoints as online demand ebbs

EBay Inc reported a marginal rise in quarterly revenue on Wednesday, a sign the pandemic-led boom for online shopping was waning, sending the e-commerce platform's shares down nearly 12%.

Related Videos

Lowe's optimistic on home improvement demand

BoE's Bailey grilled over wages talk

Yogurt the next victim of inflation: Danone