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United Airlines loss bigger than feared on higher fuel costs, capacity slide

FILE PHOTO: A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren April 19, 2021 (Reuters) -United Airlines on Monday reported a bigger-than-expected $2.4 billion adjusted net loss for the first quarter, as fuel costs rose and the […]

TSMC shares slide, as Taiwan plays down Intel’s $20 billion expansion challenge

The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang March 24, 2021 TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell nearly 4% on Wednesday after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even […]

Walmart’s investment year will hold back profit growth; shares slide

FILE PHOTO: Walmart shopping carts are seen on the parking lot ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski/File Photo February 18, 2021 By Aishwarya Venugopal and Richa Naidu (Reuters) – Walmart Inc expects full-year sales and profit growth to slow as it reinvests in its business, after revenue […]

Wall Street slips on surprise rise in jobless claims, tech slide

FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo February 18, 2021 By Devik Jain and Shreyashi Sanyal (Reuters) – Wall Street’s main indexes fell on Thursday as investors resumed a shift out […]

Dubai airport boss warns tough year ahead after 2020 passenger numbers slide 70%

FILE PHOTO: Emirates Airline Boeing 777-300ER planes are seen at Dubai International Airport in Dubai, United Arab Emirates, February 15, 2019. REUTERS/Christopher Pike/File Photo February 15, 2021 By Alexander Cornwell DUBAI (Reuters) – Dubai Airports’ chief executive warned on Monday it would be another tough year for the Middle East’s busiest hub, Dubai International, after […]

GameStop stock slide accelerates; Yellen promises scrutiny

FILE PHOTO: GameStop stock graph is seen in front of the company’s logo in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration February 4, 2021 By Tom Westbrook and Susan Mathew (Reuters) – The slide in shares of GameStop Corp and other recent favorites of retail investors deepened on Thursday, while U.S. Treasury Secretary Janet […]

GameStop stock slide gives remaining short sellers some relief

FILE PHOTO: A person walks past a GameStop store in the Manhattan borough of New York City, New York, U.S., January 29, 2021. REUTERS/Carlo Allegri/File Photo February 2, 2021 NEW YORK (Reuters) – Short interest in GameStop Corp declined as the video game retailer’s stock price dropped and the number of shares shorted fell […]

UK retail sales slide as November lockdown shut non-essential stores | One America News Network

People queue in front of the shop on Oxford Street in London, Britain December 18, 2020. REUTERS/Hannah Mckay December 18, 2020 By David Milliken and Andy Bruce LONDON (Reuters) – British retail sales fell last month when a four-week lockdown in England closed stores that sold non-essential goods, causing clothing sales to tumble by almost […]

Taiwan’s Christmas King grapples with a slide in overseas demand for decorations

December 8, 2020 By Ann Wang TAICHUNG, Taiwan (Reuters) – It’s unseasonably quiet at Harlan Tsai’s factory, which has been churning out Christmas trees, wreaths and snow angels for more than three decades. Normally, around 30 employees at the Lien Teng Enterprise factory in Taichung, central Taiwan would be making over 10,000 trees. But this […]

Xiaomi shares slide 7.1% after finalising $3.9 billion in equity deal | One America News Network

FILE PHOTO: People are silhouetted in front of Xiaomi’s logo at a venue in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon December 2, 2020 By Scott Murdoch HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp’s shares fell 7.1% in Hong Kong trading on Wednesday as the company finalised a $3.91 billion capital raising that included […]