New aircraft to serve longhaul market Carrier has rights to buy three more widebody aircraft Company39;s first jet purchase after bankruptcy process in 2021 MANILA, May 10 Reuters Philippine Airlines PHL.UL will order nine Airbus A3501000 widebody aircraft to expand its fleet and route network as air travel recovers from the pandemic, the flag carrier said […]

LONDON, May 10 Reuters Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a newly created Luxembourg branch as the U.S. lender seeks to grow its business in Europe, a senior executive at Bank of America told Reuters. The opening of a branch in the small but wealthy country […]

TOKYO, May 10 Reuters Japan39;s Panasonic Holdings Corp on Wednesday said it expects net profit to rise to a record high this year on robust auto battery sales and a hefty tax credit in the United States. The industrial conglomerate, which supplies batteries to U.S. electric vehicle EV leader Tesla Inc, is expanding its energy business […]

May 10 Reuters Roblox Corp posted a largerthanexpected quarterly loss on Wednesday, hurt by higher expenses to support the expansion of its business, sending the company39;s shares down 12 in premarket trading. Californiabased Roblox said higher expenses due to developer exchange fees, personnel costs and infrastructure were the reason behind the bigger loss. Roblox, which is […]

May 8 Reuters California39;s financial regulator failed to press leadership at Silicon Valley Bank to address known problems quickly enough before the lender imploded in March, according to a report released Monday in which the agency pledged to do better in the future. The postmortem by California39;s Department of Financial Protection and Innovation DFPI follows […]

ZURICH, May 9 Reuters UBS Group said on Tuesday that Credit Suisse CEO Ulrich Koerner will stay on after the takeover of its Swiss rival as part of a new leadership team of the combined group. Announcing its leadership reshuffle, UBS also promoted Todd Tuckner, now finance chief of its core wealth management business, to group […]

BARCELONA, May 9 Reuters Spanish drugmaker Grifols on Tuesday lifted its 2023 margin outlook after reporting sturdy growth in firstquarter core earnings and revenue as costcutting measures took effect and supply of plasma blood used in its medicines recovered. The company, which was severely hit at the start of the pandemic due to plasma shortages and […]

Reuters LinkedIn, the social media network owned by Microsoft Corp that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its Chinafocused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins other major technology companies including […]

LOS ANGELES, May 8 Reuters Amazon.com is offering customers 10 to pick up a purchase rather than have it shipped to a home address, as the ecommerce giant joins other retailers in racing to slash costs for home delivery and returns amid slack consumer demand. Amazon over the last few days has emailed an unknown number […]

May 8 Reuters Social media platform Twitter Inc will remove accounts that have been inactive for several years, CEO Elon Musk announced in a tweet on Monday, saying that the action is important to free up abandoned handles. Twitter39;s billionaire owner in a separate tweet said inactive accounts will be archived, Musk did not add […]