(Reuters) - Construction supplies maker Vulcan Materials reported first-quarter profit above Wall Street estimates on Thursday, as price hikes helped offset the impact of bad weather on demand for aggregates such as gravel, sand and crushed stone.
Demand for construction supplies has risen since the Biden administration's $1 trillion infrastructure package was rolled out in 2021 in a bid to improve roads, railways, and other transportation... (continue reading...)
By Laurie Chen and Michel Rose
BEIJING/PARIS (Reuters) - Chinese President Xi Jinping heads to Europe for the first time in five years next week in a visit that may lay bare European divisions over trade with Beijing and how the continent positions itself as a pole between the United States and China.
Xi travels to France, Serbia and Hungary at a time when the European Union is threatening to hammer China's electric vehicle and green... (continue reading...)
WASHINGTON (Reuters) - U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.
Nonfarm productivity, which measures hourly output per worker, increased at a 0.3% annualized rate last quarter after rising at a 3.5% pace in the October-December period, the Labor Department's Bureau of Labor Statistics said on Thursday.
The government on Friday... (continue reading...)
(Reuters) - Pop-Tarts maker Kellanova beat Wall Street estimates for first-quarter sales and profit on Thursday, boosted by higher prices and firm demand for its breakfast cereals and ready-to-eat snacks.
The Rice Krispies maker's shares were up nearly 2% in premarket trading.
Kellanova, which rebranded itself late last year, is known for its diverse portfolio of brands like Grahams Crackers, Nutri-Grain breakfast bars and frozen food... (continue reading...)
By Steven Scheer
JERUSALEM (Reuters) - Israeli cyber security start-up Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman.
In all, Apex raised $7 million in a seed funding round led by Sequoia Capital, with participation from Index Ventures, Altman and others, it said. Altman did not immediately comment.
... (continue reading...)More Reuters
View Older Stories-
Convicted leader of Greek far-right Golden Dawn party released on parole
-
European court backs Italy in Greek statue dispute with Getty Museum
-
Aptiv to lower equity interest in joint venture with Hyundai, cuts FY sales view
-
US FTC signals Exxon deal approval, bars executive from board seat
-
Indian IT firm Coforge's Q4 revenue just short of estimates, contract wins double
-
Xylem raises 2024 profit forecast on water treatment products demand
-
US weekly jobless claims unchanged; layoffs decline in April
-
Japan town blocks view of Mt Fuji at photo spot to stop crowds
-
China travel surges for May holiday but consumers remain wary
-
Howmet Aerospace lifts dividend, annual forecasts on robust parts demand
-
Hungary's media-savvy newcomer aims to disrupt political status quo
-
Greenback strength to persist on delayed Fed rate cut calls
-
Palestinian Embassy seeks temporary status for Gazans who entered Egypt during war
-
EU official calls Georgia's 'foreign agents' bill unacceptable
-
Ametek beats profit estimates on strong demand from aerospace, defense sectors
-
Moody's tops quarterly profit estimates on strong product demand
-
Awaiting US aid, Ukraine's gunners fire sparingly at advancing Russians
-
Military shipbuilder Huntington beats Q1 estimates on demand for aircraft carriers
-
Paris' Sciences Po school rejects protesters' demand to review ties with Israel
-
Kimco raises annual FFO forecast on strong leasing demand
-
OxiClean maker Church & Dwight boosts profit forecast on resilient demand
-
Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices
-
Residents fear for safety as Indonesia's Mount Ruang volcano erupts
-
WestRock beats quarterly profit estimates on rising prices
-
NYSE-parent ICE's profit rises on record surge in energy market volatility
-
Freshworks plunges after cutting annual revenue forecast, CEO transition
-
India deports Myanmar refugees who fled 2021 coup
-
Quanta Services lifts annual forecasts on strong power demand
-
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
-
Nigeria court adjourns Binance and execs trial to May 17
-
Rebuilding bombed Gaza homes may take 80 years, UN says
-
BorgWarner raises full-year 2024 adjusted profit outlook
-
Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
-
ConocoPhillips misses quarterly profit estimates on lower gas prices
-
Guerrilla pseudo-state complicates the search for peace in Colombia
-
OPEC+ could extend oil cuts, formal talks yet to start, sources say
-
Taiwan reports second Chinese 'combat patrol' in a week
-
Rising Swiss inflation will not derail rate cuts, economists say
-
Vietnam parliament backs chairman's resignation amid anti-bribery drive
-
Wind farm developer Orsted confident about strategy after Q1 profit rises
-
Regeneron's blockbuster eye drug posts weaker sales due to inventory impact
-
Thomson Reuters lifts 2024 forecast on first quarter revenue result
-
Apollo's Q1 earnings jump 26% on management fees, annuities inflow
-
Moderna quarterly sales beat expectations but plummet from previous year
-
Stanley Black and Decker's profit beats on strong industrial tool demand
-
Lloyd's insurers expect moderate Baltimore bridge claims
-
Insurer Chubb readies $350 million payout tied to Baltimore bridge collapse
-
Wall St set to open higher as Fed allays rate-hike concerns
-
Portugal jobless rate slips to 6.5% in March
-
Tech giants' market cap falls on AI doubts, high rates; Alphabet, Tesla gain