Town Hall News

(Reuters) -Peloton Interactive Inc on Thursday forecast fourth-quarter revenue above Wall Street estimates, as the fitness equipment maker sees a recovery after expanding its sales channels to third-party platforms. Shares of the company rose about 2% to $9.01 in premarket trading after Peloton’s third-quarter cash burn, a key milestone investors watch out for, also dropped to $55.3 million from $746.7 million a year earlier. Under CEO Barry McCarthy, who is […]

(Corrects paragraph 1 and headline to say the company added fewer, not lost, subscribers) (Reuters) -Paramount Global Inc missed first-quarter revenue estimates on Thursday as it added fewer subscribers at its flagship streaming service and advertisers cut back on spending in a challenging economic environment. Shares of the New York-based company, formerly known as ViacomCBS, fell nearly 6% in trading before the bell after gaining more than 35% so far […]

By Richard Cowan WASHINGTON (Reuters) – A fresh push for bipartisan immigration reforms, coupled with enhanced border security, is emerging in the U.S. Congress, as thousands of migrants amass across the border in Mexico with the end of Title 42 controls next week. It has been 37 years since Congress passed significant immigration reform, but a persistently high volume of migrants and an acute labor shortage have galvanized lawmakers. At […]

(Reuters) – Regeneron Pharmaceuticals Inc beat Wall Street estimates for first-quarter profit on Thursday, driven by strong demand for eczema treatment Dupixent. Quarterly sales of Dupixent, recorded by Regeneron’s partner Sanofi, rose about 37% to $2.49 billion. Analysts had expected $2.38 billion, according to an average of 6 analysts’ estimates polled by Refinitiv. Regeneron’s total revenue of $3.16 billion beat expectations of $3 billion in the quarter. Excluding items, the […]

By Victoria Waldersee BERLIN (Reuters) -Volkswagen sees higher competition later this year as supply chain bottlenecks ease and China’s electric car market heats up, the carmaker said on Thursday, adding that it put margins over volume even as it fights to maintain market share. The company was emboldened to stick to its annual outlook of a return on sales of 7.5% to 8.5% and higher deliveries by a strong first […]

By Toby Sterling and Bart H. Meijer THE HAGUE (Reuters) -Russian President Vladimir Putin must be brought to justice for his war in Ukraine, Ukrainian President Volodymyr Zelenskiy said on Thursday in The Hague, calling for the creation of a war crimes tribunal separate to the International Criminal Court. “The aggressor must feel the full power of justice. This is our historical responsibility,” Zelenskiy said in a speech. “Only one […]

By Toby Sterling and Bart H. Meijer THE HAGUE (Reuters) -Russian President Vladimir Putin must be brought to justice for his war in Ukraine, Ukrainian President Volodymyr Zelenskiy said on Thursday in The Hague, calling for the creation of a war crimes tribunal separate to the International Criminal Court. “The aggressor must feel the full power of justice. This is our historical responsibility,” Zelenskiy said in a speech. “Only one […]

MILAN (Reuters) -UniCredit will use restructuring charges to help fund voluntary exits for some of the additional 1,000 employees who asked to leave under an early retirement scheme launched last year, two people close to the matter said. In reporting stronger-than-expected quarterly results, UniCredit on Wednesday raised its 2023 profit goal above 6.5 billion euros ($7.2 billion) and said the figure included 300 million euros in restructuring charges it would […]

By Medha Singh (Reuters) – Shares of U.S. bank PacWest Bancorp slid further in premarket trade on Thursday, dragging other regional lenders down, after the Los Angeles-based lender said it was in talks with potential partners and investors about strategic options, spurring market fears of a worsening banking crisis. PacWest slumped 37% in premarket trade, after having lost 29% since Monday. Reuters had reported on Wednesday that PacWest was exploring […]