India votes in gigantic election dominated by jobs, Hindu pride and Modi
By Krishn Kaushik, Praveen Paramasivam and YP Rajesh
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Earnings call: Nokia faces sales decline but remains confident in growth
Nokia (HE:NOKIA) Corporation (NOK) reported a 19% decrease in net sales for the first quarter of 2024, attributing the decline to a challenging spending environment. Despite the downturn, the company experienced a positive trend in order intake, particularly in its Network Infrastructure business, and anticipates returning to growth for the full year.
Earnings call: CSX Corporation holds steady despite challenges in Q1 2024
CSX Corporation (NASDAQ:CSX) reported a stable first quarter in 2024, meeting expectations despite facing several challenges such as severe weather and the collapse of the Francis Scott Key Bridge in Baltimore. The company demonstrated growth in total volume, with a 7% increase in its intermodal business compared to the previous year. Revenue remained consistent with the previous quarter, while operating margin saw improvement. CSX expressed optimism for the year ahead, focusing on safety, customer service, and cost control. The company also paid tribute to former President and CEO Jim Foote.
KeyCorp, Comerica join major lenders in flagging hit to interest income
(Reuters) -KeyCorp and Comerica (NYSE:CMA) are expecting a fall in interest income in 2024 as higher borrowing costs temper loan demand, they said on Thursday, echoing fears flagged by bigger U.S. lenders this earnings season.
Micron set to get $6.1 billion in chip grants from US
(Reuters) -Memory chip maker Micron Technology (NASDAQ:MU) is set to receive $6.1 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Senator Chuck Schumer said on Thursday.
Mercedes-Benz workers to vote on UAW membership in May
(Reuters) – Workers at a Mercedes Benz (ETR:MBGn) factory in Vance, Alabama will vote between May 13 and May 17 on whether to join the United Auto Workers union, the National Labor Relations Board (NLRB) said on Thursday.
Early Easter causes EU new car sales to drop 5.2% in March, says ACEA
By Alessandro Parodi and Greta Rosen Fondahn
'Amazonia' bonds in 2024 seen a tough sell for some
By Marc Jones, Simon Jessop, Jake Spring and Marcela Ayres
Concord to buy Hipgnosis Songs Fund in $1.4 billion music rights deal
(Reuters) -Nashville-based independent music company Concord has agreed to buy British song investor Hipgnosis Songs Fund for $1.40 billion, the companies said on Thursday, gaining rights to the catalogues of artists including Shakira and Neil Young.
Foreigners remain buyers of Japanese stocks in week to April 12
(Reuters) – Foreign investors continued purchasing Japanese stocks in the week to April 12, driven by a weaker yen and robust performance in chip-related stocks.
Tesla says 300 subcontracted workers let go in Germany
BERLIN (Reuters) – Tesla (NASDAQ:TSLA) has let go of 300 temporary workers in Germany in keeping with their contract period, the e-car maker said on Thursday, amid a drive by the company to slim down its global workforce by 10%.