PARIS (Reuters) - Air France and Airbus are to stand trial over the June 1 2009 Paris-Rio de Janeiro crash, which killed 228 people, a judicial source from the prosecutor's department said on Wednesday. ...
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By Eimi Yamamitsu TOKYO (Reuters) -Japan's Toyota Motor Corp announced a $2.3 billion share buyback on Wednesday and forecast annual profit will rise by 14% to pre-pandemic levels, as it shrugged off a coronavirus sales slump and a chip shortage that has hurt other car makers. The world's biggest automaker by vehicle sales expects renewed demand in the United States, its biggest market, to drive that recovery and forecast overall sales to grow 6.4% to 10.55 million vehicles for the year. Toyota shares reversed course to rise 2.1% after the results on Wednesday, contrasting with a...
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TOKYO (Reuters) -SoftBank Group Corp on Wednesday reported a 4.027 trillion yen ($36.99 billion) fourth-quarter profit at its Vision Fund unit after booking a gain on investment Coupang, underscoring its recovery a year after a record loss. Group net profit was 4.99 trillion yen in the year ended March. That compares with an 962 billion yen loss a year earlier after teetering tech bets https://www.reuters.com/article/softbank-group-results-idINKBN22U0KM depressed the value of its portfolio. Market enthusiasm for tech stocks drove the public listing of SoftBank-backed e-commerce firm Coupang and used-car trading platform Auto1 Group and the rising share price...
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United Internet AG reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. United Internet AG announced earnings per share of €0.58 on revenue of €1.39B. Analysts polled by Investing.com anticipated EPS of €0.56 on revenue of €1.37B. United Internet AG shares are down 12.32% from the beginning of the year and are trading at €34.510 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 9.42% from the start of the year. United Internet AG follows other major Services sector earnings this month United Internet AG's...
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By Sarah Young LONDON (Reuters) -TUI Group, the world's biggest holiday company, said it was expecting a strong 2021 holiday season and stuck to a plan to operate 75% of its pre-pandemic capacity, as rising vaccination levels mean Europe will open for travel this summer. But ongoing restrictions and COVID-19 uncertainty have so far held back an expected surge in demand for trips. TUI (LON:TUIT) said that it had a total of 2.6 million bookings for this summer, 69% lower than it had at this time of year in 2019. TUI, which before the pandemic...
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By Yasin Ebrahim Investing.com – The S&P 500 closed lower Tuesday, but tech stocks showed signs of life as investors swooped in to take advantage of the recent rout, keeping a lid on further downside in the broader market. The S&P 500 closed down 0.87% but had been down about 2% at the lows of the day. the Dow Jones Industrial Average fell 1.36%, or 473 points, and the Nasdaq Composite was down 0.09%, but had been down more than 2%. Beaten-down...
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Electronic Arts (NASDAQ:EA) reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations. Electronic Arts announced earnings per share of $0.26 on revenue of $1.49B. Analysts polled by Investing.com anticipated EPS of $1.05 on revenue of $1.39B. Electronic Arts shares are down 1% from the beginning of the year and are trading at $141.35 , down-from-52-week-high.They are under-performing the Nasdaq which is up 3.89% from the start of the year. Electronic Arts shares gained 0.01% in after-hours trade the report. Electronic Arts follows other major Technology sector earnings this...
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SHANGHAI (Reuters) - BlackRock Inc (NYSE:BLK) said on Wednesday it had received a licence in China for a wealth management venture with China Construction Bank Corp (CCB) and Singapore state investor Temasek Holdings (Pte) Ltd. The China Banking and Insurance Regulatory Commission (CBIRC) granted the licence, the U.S. fund house said in a statement. (This story corrects description of BlackRock to fund house, not private equity firm, in the second paragraph) ...
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By Tom Westbrook SINGAPORE (Reuters) - The U.S. dollar hovered near its lowest levels of the year on Wednesday as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual U.S. inflation. Analysts forecast figures due at 1230 GMT to show a 3.6% lift in year-on-year prices, boosted by last April's low base. The month-on-month forecast is for a modest 0.2% rise. Higher numbers might add pressure on the Fed to bring forward rate rises, a worry...
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By Christiana Sciaudone Investing.com -- Tech tried hard to make a comeback Tuesday, and helped buoy an otherwise depressed market. Oil dipped even as gasoline shortages rose on the East Coast as a result of the Colonial Pipeline shutdown. Bucking the trends were Palantir Technologies Inc (NYSE:PLTR)and Roblox Corp (NYSE:RBLX), whose earnings pleased the market greatly. The U.S. Federal Drug and Food Administration authorized the Pfizer Inc (NYSE:PFE)-BioNTech SE (NASDAQ:BNTX) vaccine for use in children aged 12 to 15, which hopefully means more of them will be getting back to full-time school and saving...
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