Business

Southern Co forecasts annual profit below estimates, raises spending plan

Thursday, February 19 by SRN News

Feb 19 (Reuters) - Southern Co forecast annual profit below analysts' estimates on Thursday, and raised its five-year spending plan as it prepares to support unprecedented power needs from large-load customers such as data centers and industrials. U.S. utilities have been investing heavily to upgrade... Read More.

American Airlines picks CFM International to power upcoming Airbus A321neo jets

Thursday, February 19 by SRN News

Feb 19 (Reuters) - American Airlines said on Thursday it has selected CFM International's LEAP-1A engines to power future deliveries of its Airbus A321neo narrowbody jets. The U.S. carrier placed an order for 260 new aircraft in March 2024, including 85 A321neo jets, with the... Read More.

US farmers to sow more soybeans in 2026, less corn, USDA says

Thursday, February 19 by SRN News

By Karl Plume WASHINGTON, Feb 19 (Reuters) - U.S. farmers will plant more soybeans and less corn in 2026 than last year, although both harvests were expected to be the second-largest on record, the U.S. Department of Agriculture said on Thursday. The agency projected corn plantings... Read More.

US weekly jobless claims fall more than expected amid labor market stability

Thursday, February 19 by SRN News

WASHINGTON, Feb 19 (Reuters) - The number of Americans filing new applications for unemployment benefits fell more than expected last week, consistent with a stabilizing labor market. Initial claims for state unemployment benefits dropped 23,000 to a seasonally adjusted 206,0000 for the week ended February... Read More.

Canada’s trade deficit narrows in December, share of exports to US shrinks further

Thursday, February 19 by SRN News

By Promit Mukherjee OTTAWA, Feb 19 (Reuters) - Canada's international merchandise trade deficit narrowed in December as exports grew faster than imports, and its share of exports to the United States dropped to its lowest level on record, barring the COVID-19 months, data showed on... Read More.

Pakistan, US sign pact to redevelop New York’s Roosevelt Hotel

Thursday, February 19 by SRN News

By Ariba Shahid KARACHI, Feb 19 (Reuters) - Pakistan has signed an agreement with the United States to jointly redevelop New York's Roosevelt Hotel, according to four official documents reviewed by Reuters and two sources, in a deal between the two governments that will allow... Read More.

Exclusive-Gunvor management buyout values trading group at around $5 billion, sources say

Thursday, February 19 by SRN News

By Dmitry Zhdannikov LONDON, Feb 19 (Reuters) - A management buyout of commodity trader Gunvor has valued the group at around $5 billion, according to two sources and a Reuters calculation based on deal's financing via a loan to staff. Gunvor's founder Torbjorn Tornqvist has provided... Read More.

Pernod Ricard’s sales, profits slide on demand slump in main markets

Thursday, February 19 by SRN News

By Dominique Vidalon and Emma Rumney PARIS/LONDON, Feb 19 (Reuters) - Pernod Ricard reported weaker sales across all five of its priority markets in the first half of its fiscal year on Thursday and group profits dropped as foreign exchange swings and rising costs compounded... Read More.

Bayer: glyphosate shortages not expected outside the US after executive order

Thursday, February 19 by SRN News

By Patricia Weiss FRANKFURT, Feb 19 (Reuters) - The U.S. President's executive order invoking the Defense Production Act to ensure U.S. supply of glyphosate underscores U.S. farmers' needs to have access to the herbicide, Bayer said on Thursday, adding the move would not lead to... Read More.

Frontier bets on budget travelers as other airlines focus on premium market

Thursday, February 19 by SRN News

By Doyinsola Oladipo NEW YORK, Feb 19 (Reuters) - Frontier Group Holdings, the parent of Frontier Airlines, is making a bold bet on budget travelers who have tightened their belts while much of the industry insists that premium spenders are the way to go. James Dempsey,... Read More.

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Current Weather

Southern Co forecasts annual profit below estimates, raises spending plan

American Airlines picks CFM International to power upcoming Airbus A321neo jets

US farmers to sow more soybeans in 2026, less corn, USDA says

US weekly jobless claims fall more than expected amid labor market stability

Pakistan, US sign pact to redevelop New York’s Roosevelt Hotel

Pernod Ricard’s sales, profits slide on demand slump in main markets

Bayer: glyphosate shortages not expected outside the US after executive order

Frontier bets on budget travelers as other airlines focus on premium market

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