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Eutelsat CEO says US demand holds despite SpaceX push to curb European rivals

Eutelsat CEO says US demand holds despite SpaceX push to curb European rivals

By Gianluca Lo Nostro April 27 (Reuters) - Demand for alternative satellite services from U.S. businesses and the Pentagon is resilient despite SpaceX's request to U.S. regulators to restrict access for European rivals, the CEO of European satellite operator Eutelsat said.
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Cable Industry Faces Investor Skepticism After 'Bloody Friday' Sell-Off

Cable Industry Faces Investor Skepticism After 'Bloody Friday' Sell-Off

Cable Industry Faces Investor Skepticism After 'Bloody Friday' Sell-Off
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US companies project resilience even as Iran war risks mount

US companies project resilience even as Iran war risks mount

By Arpan Varghese April 28 (Reuters) - Top American companies from GM to Coca-Cola are trying to reassure investors they can weather the financial fallout from the Iran war, even as surging fuel and packaging costs threaten margins.
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Rogers Communications offering buyouts to half its workforce, Globe and Mail reports

Rogers Communications offering buyouts to half its workforce, Globe and Mail reports

April 27 - Canadian telecom operator Rogers Communications is offering voluntary departure packages to half of its 25,000 employees, the Globe and Mail reported on Monday.
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PPG beats quarterly profit, revenue estimates on pricing strength

PPG beats quarterly profit, revenue estimates on pricing strength

April 28 (Reuters) - PPG Industries beat Wall Street estimates for first-quarter profit and revenue on Tuesday, helped by price hikes and strong demand in the aerospace and coatings segments.   
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Mondelez beats first-quarter estimates on resilient demand, pricing strength

Mondelez beats first-quarter estimates on resilient demand, pricing strength

April 28 (Reuters) - Oreo-maker Mondelez International beat Wall Street estimates for first-quarter revenue and profit on Tuesday, helped by higher net pricing and resilient demand for its chocolates and biscuits. Shares of the Chicago-based company were up 2% after the bell. 
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Global consumer companies face pricing stress test from oil shock

Global consumer companies face pricing stress test from oil shock

By Savyata Mishra and Anuja Bharat Mistry April 27 (Reuters) - The fragile demand recovery seen by consumer companies globally is at risk of getting stalled by chances of more prices hikes as a result of soaring energy and commodity costs due to the Middle East conflict.
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UPS posts lower first-quarter profit as it scales down Amazon deliveries

UPS posts lower first-quarter profit as it scales down Amazon deliveries

April 28 (Reuters) - United Parcel Service posted a drop in first-quarter adjusted profit, as it scaled back deliveries for top client Amazon.com, although its move to focus more on higher-margin shipments helped it keep its full-year revenue forecast.
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Oil prices rise as no end to Iran war stand-off seems in sight

Oil prices rise as no end to Iran war stand-off seems in sight

By Anmol Choubey BENGALURU, April 28 (Reuters) - Oil prices extended their gains on Tuesday as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global
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Japan's record bull run under threat as Mideast war clouds earnings season

Japan's record bull run under threat as Mideast war clouds earnings season

By Satoshi Sugiyama TOKYO, April 27 (Reuters) - As Japanese companies begin earnings season with rosy reports of results past, investors are watching out for signs of the Middle East conflict upending business forecasts and derailing what has been a world-beating bull run in shares.
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AI stocks slide after report sparks OpenAI growth concerns

AI stocks slide after report sparks OpenAI growth concerns

By Twesha Dikshit April 28 (Reuters) - AI firms fell in premarket trading on Tuesday after the Wall Street Journal reported that OpenAI has missed its goals for new users and revenue in recent months, raising concerns over the ChatGPT creator's growth prospects.
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Italy budget watchdog casts doubt on government debt reduction pledges

Italy budget watchdog casts doubt on government debt reduction pledges

By Giuseppe Fonte ROME, April 28 (Reuters) - Italy's budget watchdog, UPB, raised doubts on Tuesday over the government's pledge to put the country's massive debt on a downward path starting from 2027.