Explore

Cyclosporiasis outbreak hits Taco Bell sales, unlikely to cause lasting scar, analysts say

Cyclosporiasis outbreak hits Taco Bell sales, unlikely to cause lasting scar, analysts say

By Juveria Tabassum, Neil J Kanatt and Nicholas P.

KPMG Australia taps insider as CEO in wake of audit leak scandal

KPMG Australia taps insider as CEO in wake of audit leak scandal

By Christine Chen SYDNEY, July 21 (Reuters) - KPMG Australia on Tuesday promoted a partner from within its own ranks to chief executive, two months after losing its leader to a scandal that erupted over the firm's misuse of confidential client information.

Macquarie investors back insider CEO pick to keep bank strategy on course

Macquarie investors back insider CEO pick to keep bank strategy on course

SYDNEY, July 23 (Reuters) - Australia's top investment bank Macquarie Group has appointed long-serving executive Greg Ward to succeed CEO Shemara Wikramanayake, a choice investors said represented a "safe pair of hands" and confidence in the bank's current direction.

Australia jobs surge in June, unemployment steady as more look for work

Australia jobs surge in June, unemployment steady as more look for work

SYDNEY, July 23 (Reuters) - Australian employment surged in June while the jobless rate held steady as more people went looking for work, data showed on Thursday, a sign of resilience that supports the case for another rise in interest rates to tame inflation.

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

Samsung in talks to invest in Mistral at 20 billion euro valuation, FT reports

July 22 (Reuters) - South Korea's Samsung is in talks to invest hundreds of millions of euros in the AI start-up Mistral, as part of a fundraising round that could value the group at roughly €20 billion ($22.81 billion), Financial Times reported on Wednesday, citing sources.

Indian students cool on 'American Dream' as EU opens its doors

Indian students cool on 'American Dream' as EU opens its doors

By Praveen Paramasivam, Sai Ishwarbharath B and Charlotte Van Campenhout CHENNAI/BENGALURU/AMSTERDAM, July 20 (Reuters) - A. Shrinikheathan is breaking from his family's tradition of studying in the United States, opting instead for a master's degree in Germany.

Domino's misses quarterly sales, profit estimates on weak demand, competition

Domino's misses quarterly sales, profit estimates on weak demand, competition

July 20 (Reuters) - Domino's Pizza missed sales and profit estimates for the second consecutive quarter on Monday, underscoring pressure from weak demand, intensifying competition and macroeconomic uncertainty.

US judge won't block Meta from laying off workers who filed AI discrimination lawsuit

US judge won't block Meta from laying off workers who filed AI discrimination lawsuit

By Daniel Wiessner July 17 (Reuters) - A U.S. judge on Friday rejected a bid by 26 employees of Meta Platforms to block the tech giant from laying them off while they pursue claims that they were targeted for job cuts by the company's AI-powered tools because they have disabilities or took medical

MSCI shares fall as company raises expense forecast

MSCI shares fall as company raises expense forecast

July 21 (Reuters) - MSCI raised its full-year operating expense forecast on Tuesday, citing acquisition-related costs, higher employee incentives and increased investment spending, sending the index provider's shares down more than 7% despite better-than-expected quarterly results.

LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments

LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments

July 20 (Reuters) - LXP Industrial Trust will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate investment trust said on Monday. Shares of LXP were up 4% in premarket trading.

Hasbro raises annual forecasts on digital gaming demand, 'Magic' boost

Hasbro raises annual forecasts on digital gaming demand, 'Magic' boost

July 21 (Reuters) - Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in "Magic: The Gathering" despite an uncertain consumer spending environment.

Northrop Grumman raises 2026 forecasts on strong weapons demand

Northrop Grumman raises 2026 forecasts on strong weapons demand

By Mike Stone and Aishwarya Jain July 21 (Reuters) - Defense supplier Northrop Grumman on Tuesday lifted its 2026 sales and adjusted profit forecast, supported by sustained demand for weapons amid a wave of global geopolitical conflicts. U.S.