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Business

Supply disruptions cloud aerospace outlook after solid first half

By nosediveorg August 8, 2022August 2, 2022

Major aerospace companies are sounding the alarm on their supply chains as shortages ranging from raw materials to castings or semiconductor chips pressure earnings and crimp the industry's ability to…

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Business

Refiners Valero, PBF cruise past profit estimates on strong margins

By nosediveorg August 7, 2022August 2, 2022

U.S. refiners Valero Energy Corp (VLO.N) and PBF Energy Inc (PBF.N) on Thursday posted bumper second-quarter profits that handily beat Wall Street estimates, lifted by higher demand for fuel and…

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Business

Securitas profit up on airport, electronic security demand

By nosediveorg August 6, 2022August 2, 2022

Securitas (SECUb.ST) on Thursday reported a slightly bigger than expected rise in second quarter profit helped by demand for electronic security and further recovery in airport security in Europe. The…

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Business

Altria’s Juul stake goes up in smoke: from $12.8 bln to $450 mln

By nosediveorg August 5, 2022August 2, 2022

Marlboro maker Altria Group Inc (MO.N) on Thursday further slashed the value of its stake in Juul Labs Inc to just $450 million, blaming a decrease in the chances of…

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Business

EY names Saulius Adomaitis to lead oil and gas business

By nosediveorg August 4, 2022August 2, 2022

Big Four accounting firm Ernst & Young said on Thursday it had appointed Saulius Adomaitis as the new head of its oil and gas business, which will receive a $500…

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Business

Shell smashes record again with $11.5 bln profit

By nosediveorg August 3, 2022August 2, 2022

Shell (SHEL.L) posted record results on Thursday, with a $11.5 billion second-quarter profit smashing the mark it set only three months ago, lifted by strong gas trading and a tripling…

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Business

The global recession drum beat is getting louder

By nosediveorg August 2, 2022August 2, 2022

Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the world economy is headed inexorably towards recession. It's a risk U.S. Treasury Secretary…

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