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Turkish Airlines in talks with Airbus, Boeing to buy 235 planes Apr 29, 2024 06:23AM

By Ceyda Caglayan and Can Sezer

ISTANBUL (Reuters) - Turkish Airlines is negotiating with both Airbus and Boeing about buying 235 aircraft as part of its expansion plans, Chairman Ahmet Bolat said on Monday.

The airline's 10-year fleet plan, unveiled last year, shows it aims to expand by almost 600 planes. In December it announced a deal with Airbus for 355 firm and optional orders for A321 narrow body and A350 wide body aircraft.

... (continue reading...)
Futures inch up as megacaps extend gains, Fed verdict on tap Apr 29, 2024 06:06AM

(Reuters) - U.S. stock index futures edged higher on Monday as Tesla and Apple led gains in megacap companies while markets awaited the Federal Reserve's interest rate decision later in the week.

Tesla shares jumped 7.3% premarket after the electric vehicle maker cleared some key regulatory hurdles that have long hindered it from rolling out its self-driving software in China, the U.S. automaker's second-largest market.

Apple added... (continue reading...)


Domino's Pizza beats sales expectations as orders thrive Apr 29, 2024 06:08AM

(Reuters) -Domino's Pizza topped Wall Street expectations for first-quarter same-store sales on Monday, as consumers in the United States tapped into the pizza chain's spruced-up loyalty program and other promotional offerings.

Shares of the company rose 4.5% in premarket trading, after it also edged past expectations for total revenue in the quarter.

Domino's has managed to buck a downbeat trend for eating out in the United States, with... (continue reading...)


Fulton Financial jumps after buying failed Republic First Bank's deposits, assets Apr 29, 2024 06:21AM

(Reuters) - Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.

Regional banks have been struggling to retain deposits as customers seek the safety of larger 'too-big-to-fail' rivals, while higher interest rates have also diminished the value of their loan books due to increased unrealized losses.

... (continue reading...)
Chinese spend more on diapers and Colgate despite economic woes Apr 29, 2024 06:14AM

By Jessica DiNapoli

NEW YORK (Reuters) - Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country's property crisis and faltering economy.

China's economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world's second-biggest economy as a major source of... (continue reading...)


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