By Arpan Chaturvedi and Aditya Kalra
NEW DELHI (Reuters) - Elon Musk's carmaker Tesla has sued an Indian battery maker for infringing its trademark by using the brand name "Tesla Power" to promote its products, seeking damages and a permanent injunction against the company from a New Delhi judge.
Tesla in a hearing at the Delhi High Court this week said the Indian company had continued advertising its products with the "Tesla Power"... (continue reading...)
(Reuters) - Hershey exceeded Wall Street expectations for first-quarter sales and profit on Friday, benefiting from higher prices and steady consumer demand for its chocolates and candy.
WHY IS IT IMPORTANT?
Hershey has seen minimal resistance as its customers have been willing to spend on higher priced chocolates and candy.
CONTEXT
Packaged food companies such as Mondelez and Hershey implemented price... (continue reading...)
WARSAW (Reuters) - Five human skeletons - all missing their hands and feet - have been discovered at Nazi leader Adolf Hitler’s eastern front military headquarters in present-day Poland, buried inside the villa of Luftwaffe commander Hermann Goering.
The bodies of three adults, a baby and an older child were discovered by a group called the Latebra Foundation, amateur archaeologists who have been excavating at the site with official permission for... (continue reading...)
(Reuters) - Cboe Global Markets reported a rise in first-quarter profit on Friday, as strong demand for hedging products amid market volatility helped boost the exchange operator's options trading volumes.
Geopolitical risks and macroeconomic uncertainties have fueled volatility in the markets, prompting investors and portfolio managers to hedge their positions.
Average daily volumes in total company options increased to 14.83 million... (continue reading...)
(Reuters) - Expedia shares sank about 9% in premarket trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo.
The company, which is known for its three brands Expedia, Hotels.com and Vrbo, projected full-year revenue growth in the mid-to-high-single digit percentage range late on Thursday, down from a prior forecast of double-digit growth.
The... (continue reading...)
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