October 28, 2022 10:35 am
Jet engine maker and aerospace supplier Safran on Friday revised up its 2022 revenue and free cash flow forecasts, as its quarterly revenue was bolstered by a strong dollar. The company said it now projected full-year revenue of EUR 19 billion, compared to a prior forecast of EUR 18.2 billion to EUR 18.4 billion. Safran […]
Read moreOctober 27, 2022 12:00 pm
Air Canada said on Wednesday that it had converted options for 15 Airbus A220-300 jets into firm orders, which brings the total number of the Canada-built aircraft acquired for its fleet to 60. The air carrier had placed its initial order for the A220-300 in 2016, when the aircraft was known as the Bombardier C […]
Read moreOctober 26, 2022 10:59 am
Norwegian Air on Wednesday posted a higher net profit for the third quarter, supported by recovery from the pandemic and a two-week pilot strike at its main Nordic competitor SAS in July. Yet, the company said capacity would be reduced during the winter period. Third-quarter net profit went up to NOK 910 million ($87.57 million) […]
Read moreOctober 26, 2022 7:47 am
HSBC Holdings plc said on Tuesday that Georges Elhedery had been appointed as Group Chief Financial Officer and an Executive Director of the Board of Directors, effective January 1st 2023. Additionally, Greg Guyett has been appointed as Chief Executive Officer of Global Banking and Markets with immediate effect. The banking group also said Ewen Stevenson […]
Read moreOctober 25, 2022 11:45 am
Qualcomm Technologies Inc and Cognizant will expand their collaboration in an attempt to speed up enterprise digital transformation via a new 5G experience center in Atlanta, the companies said on Tuesday. The partnership is expected to combine Cognizant’s deep experience in 5G, IoT, cloud and data analytics with Qualcomm’s intelligent edge devices, AI and 5G […]
Read moreOctober 25, 2022 9:12 am
According to a report by Bloomberg News, BMW supplier European Lithium is in talks to go public on Nasdaq via a merger with SPAC Sizzle Acquisition Corp. As a result of the deal, the combined business is expected to have a market value of nearly $972 million, assuming no redemptions. Named Critical Metals Corp, the […]
Read moreOctober 21, 2022 11:18 am
Nordea’s third-quarter operating earnings, reported on Thursday, topped market estimates, as the group’s interest income surged amid rampant inflation and aggressive central bank monetary policy tightening. The Finnish banking group, which has sizeable presence in Norway, Finland, Sweden and Denmark, reported an operating profit of EUR 1.30 billion during the latest quarter, up from EUR […]
Read moreOctober 20, 2022 10:57 am
Citizens Financial Services Inc (CZFS), the holding company for First Citizens Community Bank, and HV Bancorp Inc (HVBC), the holding company for Huntingdon Valley Bank, said on Wednesday that they had entered into a definitive agreement under which HVBC will merge with CZFS. Under the agreement, HV Bancorp’s shareholders will have the right to elect […]
Read moreOctober 20, 2022 9:45 am
BMW AG (BMWG) announced on Wednesday that it planned to invest $1.7 billion in electric vehicle production in the United States, as it aims to offer at least 6 fully electric models by 2030. The car manufacturer said it would make a new $1 billion investment in its Spartanburg, South Carolina facility in preparation for […]
Read moreOctober 19, 2022 9:03 am
Tesla Inc (TSLA) reported the most registrations of battery-electric vehicles in Germany during the first nine months of 2022 – about 38,500, as it outpaced the Volkswagen (VOWG) brand by over 6,000 vehicles. Tesla’s battery-electric vehicle registrations were almost 50% more compared to the January-September period of 2021, while Volkswagen’s registrations were 40% fewer to […]
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