Western Alliance and First Republic Clobbered As Regional Bank Jitters Persist Despite Fed Backstops
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Continental Keeps Guidance Despite Weak First-Quarter
The German car-parts company confirmed both its preliminary figures for the quarter ended March and also backed its full-year outlook, despite posting a net loss of $57 million.The Wall Street Journal - Business -
Western military trainers could go to Ukraine, Lithuania minister says
Gabrielius Landsbergis also backs David Cameron and Emmanuel Macron on standing up to Putin . Lithuania’s foreign minister has raised the prospect of an ad hoc coalition of western countries sending military training personnel into Ukraine backed ...The Guardian - World - Ukraine -
Alliance Pharma hit by delayed results and chief’s exit
UK drug group says for third time this year that auditors have been unable to finish checking its accountsFinancial Times - World -
Tornadoes devastate Midwest communities as severe weather strikes region again
A string of tornadoes this week has hit communities from Oklahoma to Michigan, leaving buildings in ruins and thousands without power across multiple states.CBS News - Top stories -
Crash between truck and passenger van in China's Ningxia region kills 9 people
A crash between a truck and a passenger van on a highway in northwestern China’s Ningxia region has killed nine peopleABC News - World - China -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
IKEA, Cohere, Swarovski and UniCredit Chiefs to Appear at WSJ CEO Council
The Wall Street Journal is convening its annual CEO Council in London to discuss the forces shaping policy, business and the economy.The Wall Street Journal - World -
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles
Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.The Wall Street Journal - World -
U.S. Natural Gas Futures Slip Ahead of Storage Report
U.S. natural gas futures settled lower, snapping a four-session winning streak ahead of the EIA’s weekly storage report that’s likely to put excess inventories back in the spotlight.The Wall Street Journal - World -
Flight attendants charged with smuggled drug money to Dominican Republic
Four flight attendants who worked at major international airlines and flew from the U.S. to the Dominican Republic were charged for allegedly smuggling drug money.CBS News - Top stories -
Puma Confirms Outlook Despite Continued Volatility
Puma forecast an operating result of €620 million-€700 million for 2024, with analysts suggesting it should achieve sequential sales growth helped by some major sporting events.The Wall Street Journal - Business -
Mizuhara to plead guilty to felony bank, tax fraud
Ippei Mizuhara has agreed to plead guilty to felony bank fraud and submitting a false tax return after authorities found he stole nearly $17 million from Dodgers star Shohei Ohtani.ESPN - Sports -
Nikkei Falls, Weighed by Semiconductor-, Electronics-Related Names
The Nikkei fell 0.3%, reversing earlier gains, weighed down by losses among semiconductor- and electronics-related stocks.The Wall Street Journal - World -
4 flight attendants arrested, accused of taking millions in drug money to Dominican Republic
Four flight attendants abused “their privileges as airline employees” and smuggled “millions of dollars of drug money” out of New York City to the Dominican Republic, federal authorities said Wednesday.NBC News - Top stories -
Campari CEO Bets on Growth in U.S., Asia-Pacific Despite Sector Struggles
Campari Chief Executive Matteo Fantacchiotti said in an interview that the distiller has been focused on growing in the U.S. and Asia-Pacific at a time when other European drinks makers are facing a challenging environment in both markets.The Wall Street Journal - Business