(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...)
(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...)
By Shivam Patel and Sakshi Dayal
NEW DELHI (Reuters) - Top Indian Olympic wrestlers have criticised Prime Minister Narendra Modi's party for fielding the son of their former federation chief in national elections, despite his father being charged with sexually harassing female wrestlers.
Scores of Indian wrestlers came out in protest last year seeking criminal action against Brij Bhushan Sharan Singh, a lawmaker from Modi's Bharatiya... (continue reading...)
By Gabriel Burin
BUENOS AIRES (Reuters) - Mexico's peso is set to navigate between a relatively firm economy on one side and some political doubts on the other, with a small depreciation expected in the medium-term, a Reuters poll of foreign exchange experts showed.
The currency has lost 1% year-to-date, a minor drop given the list of negative factors it faces, such as the delayed start of monetary policy easing in the United States and... (continue reading...)
GOMA, Democratic Republic of Congo (Reuters) - An air strike killed at least nine people, including seven children, on Friday at a displacement camp in the eastern Congolese city of Goma, a local official said.
It was not immediately clear who was responsible for the strike. A two-year offensive by the Rwanda-backed rebel group M23 has moved closer to Goma in recent months, prompting thousands to seek refuge in the city from surrounding areas.
... (continue reading...)More Reuters
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