Business – Page 509 – Freedom 96.9

Honda shares slide more than 6% as automaker faces first annual loss

Friday, March 13 by SRN News

TOKYO, March 13 (Reuters) - Shares in Honda Motor fell more than 6% in Tokyo on Friday after the automaker flagged its first annual loss in almost 70 years as a listed company, hit by up to $15.7 billion in restructuring costs tied to... Read More.

US allows countries to buy Russian oil stranded at sea for 30 days

Friday, March 13 by SRN News

By Ismail Shakil March 12 (Reuters) - The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the... Read More.

Qantas agrees to $74 million settlement in COVID flight credits class action

Thursday, March 12 by SRN News

March 13 (Reuters) - Australia's Qantas Airways said on Friday it has agreed to settle a class action related to flight credits issued during the COVID-19 pandemic for A$105 million ($74.26 million), with no admission of liability. Here are some details: ... Read More.

Bobby Farnham, Brett Jefferson and Marc Grandisson buy stakes in the NHL’s Hurricanes

Thursday, March 12 by SRN News

RALEIGH, N.C. (AP) - Tom Dundon has sold a portion of the NHL's Carolina Hurricanes to three new minority owners. The team announced Thursday that Brett Jefferson, Marc Grandisson and retired hockey player Bobby Farnham had joined the ownership group. "Brett, Marc and Bobby are... Read More.

Trading Day: The destructive power of $100 oil

Thursday, March 12 by SRN News

ORLANDO, Florida, March 12 (Reuters) - Global stocks fell on Thursday, slammed by a 10% spike in oil prices, spiking bond yields and a stronger dollar, all of which point to a deteriorating outlook for consumers, businesses and economic growth. In my column today... Read More.

Ulta Beauty forecasts annual profit below estimates as advertising costs rise

Thursday, March 12 by SRN News

March 12 (Reuters) - Ulta Beauty forecast annual profit largely below Wall Street estimates on Thursday, as the cosmetics retailer ramps up marketing efforts to boost demand amid choppy consumer spending, sending its shares down 8% in extended trading. To draw younger and more affluent... Read More.

Chicago says FAA should not cut daily flights below 2,800

Thursday, March 12 by SRN News

By David Shepardson WASHINGTON, March 12 (Reuters) - Chicago urged the Federal Aviation Administration on Thursday not to cut flights at the city's O'Hare International Airport below 2,800 per day, saying it would be unwarranted and "lead to significant disruption to the National Airspace System." The... Read More.

Iran war may embolden BOJ’s hawkish push, despite growth risks

Thursday, March 12 by SRN News

By Leika Kihara TOKYO, March 12 (Reuters) - Fresh supply shocks triggered by the Middle East conflict may speed up the Bank of Japan's hawkish agenda by increasing inflationary risks, leaving open the chance of another rate hike as soon as April, say four sources... Read More.

Lennar logs quarterly home deliveries below estimates as prices stay high

Thursday, March 12 by SRN News

March 12 (Reuters) - Lennar on Thursday reported first-quarter home deliveries below Wall Street estimates as an inflation-driven affordability crisis in the U.S. dampens sales. The Miami, Florida-based homebuilder's shares fell 1.2% after the bell. "Our first quarter of fiscal year 2026 was defined by the... Read More.

US Department of Energy to invest $1.9 billion for power grid upgrades

Thursday, March 12 by SRN News

March 12 (Reuters) - The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday. U.S. power consumption is set to rise sharply this year and the next, driven by rapid growth in... Read More.

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