British grocery delivery platform Ocado on Tuesday announced a tie-up with South Korean giant Lotte Shopping, sending its shares soaring in London.. Ocado's stock surged more than 30 percent in morning trade on the London Stock Exchange after the announcement.
Lufthansa said Tuesday it had agreed a pay rise for 19,000 cabin crew members in Germany to help compensate for soaring inflation.. Lufthansa already agreed to raise the salaries of pilots and ground staff in Germany earlier this year after they staged walkouts to press their demands for better pay.
BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges.. The group added Tuesday that it faced a net loss of $2.2 billion in the third quarter on large accounting charges.
Few took Elon Musk's tweeted threat to stop funding Starlink in Ukraine as seriously as the commander in charge of communications along much of the southern front.. "If we lose it, it will be a serious blow to our means of communication," the 59th brigade's communications chief said in an interview conducted at a secret location along the southern front.
A federal judge on Monday blocked publishing giant Penguin Random House from acquiring its competitor Simon & Schuster, siding with the US Justice Department which had argued against the mega-merger.. "I am delighted that Judge Florence Pan has blocked the merger of Penguin Random House and Simon & Schuster," the "King of Horror" said in a tweet.
Sony raised its annual net profit and sales forecasts on Tuesday, saying the weak yen had boosted its bottom line in sectors including gaming, music and movies.. The Japanese conglomerate said it now expects net profit to March 2023 to reach 840 billion yen ($5.7 billion), up from 800 billion yen previously forecast.
The world's largest iPhone factory in central China told staff Tuesday it would quadruple their bonuses if they remained at the plant after scores of workers fled a Covid outbreak at the facility.. Foxconn's Zhengzhou plant said on its official WeChat account that, starting from Tuesday, employees will receive a daily bonus of 400 yuan ($55) for showing up to work -- quadruple the previous subsidy of 100 yuan a day.
Toyota kept its annual net profit forecast unchanged on Tuesday as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets.. Buoyed by the cheap yen -- which has lost more than 20 percent of its value against the dollar this year -- Toyota in August upgraded its full-year net profit forecast to 2.36 trillion yen, which it maintained on Tuesday.
Toyota kept its annual net profit forecast unchanged on Tuesday, as the weaker yen offsets supply-chain disruptions that have forced the Japanese car giant to slash production targets.. Buoyed by forex rates, Toyota had in August upgraded its full-year net profit forecast to 2.36 trillion yen, which it maintained on Tuesday.
With polls suggesting Republicans will retake at least one congressional chamber in next week's US elections, Wall Street is feeling hopeful about a likely return of a divided Washington.. This expected stalemate scenario, based on polling showing Republicans poised to win the House of Representatives in light of public frustration with inflation, is one reason the Nov. 8 vote has generated so little buzz on Wall Street.
