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American Airlines forecasts weak 2025 profit on costly labor deals

By Shivansh Tiwary (Reuters) -American Airlines forecast 2025 profit below Wall Street expectations as the carrier braces for higher costs stemming from expensive labor contracts...

Adidas plans to cut up to 500 jobs at German headquarters - report

-- Adidas (OTC:ADDYY), the world's second-largest sportswear maker, is planning to reduce its workforce at its headquarters in Herzogenaurach, Germany, by up to 500...

Abbott banks on glucose monitors, new launches to ride out China, currency hit

By Christy Santhosh and Puyaan Singh (Reuters) - Abbott Laboratories (NYSE:ABT) on Wednesday forecast 2025 profit that came in line with Wall Street estimates as it expects new...

Auto repossessions surpass pre-pandemic levels, CFPB report shows

-- The Consumer Financial Protection Bureau (CFPB) report released today revealed that the rate of auto repossessions at the end of 2022 exceeded pre-pandemic levels....

Morocco stocks higher at close of trade; Moroccan All Shares up 0.33%

– Morocco stocks were higher after the close on Thursday, as gains in the Forestry & Paper, Hotels, Restaurants & Leisure and Pharmaceutical Industry sectors led...

Morgan Stanley's consumer survey shows mixed perspectives on AI

-- Morgan Stanley said Thursday that its latest consumer survey showed varying consumer attitudes toward AI-enabled products, signaling that the much-anticipated AI...

CNN to cut jobs by 6% amid digital push

(Reuters) - Warner Bros Discovery-owned CNN will lay off about 6% of its workforce as the TV news outlet continues to shift its focus toward a more digital-centric strategy,...

LA fire insured losses estimated at $28 billion, KCC says

(Reuters) - Catastrophe risk modeling firm KCC is estimating insured losses of about $28 billion from the Los Angeles wildfires, making them the costliest wildfires in U.S....

Boston Beer down after Piper Sandler downgrade as Hard Mtn Dew upside slows

-- Piper Sandler downgraded Boston Beer Company Inc (NYSE:SAM) to "Neutral" from "Overweight" on slower-than-expected growth for Hard Mtn Dew and Twisted Tea, two key...

ConocoPhillips takes over as sole operator of gas project in Malaysia, Petronas says

(Reuters) - Malaysia's Petronas on Thursday said it has officially transferred its contractual right for a cluster of oil and gas fields in the country to a unit of US-based firm...

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