BT denies any CEO rift behind chairman’s retirement

© Reuters. Company’s logo is displayed at British Telecom (BT) headquarters in London LONDON (Reuters) – BT denied any “misalignment” between board and management on Saturday after Sky News said that CEO Philip Jansen had indicated he might resign unless it replaced its chairman. The British broadband and mobile telecoms operator said on Monday that […]

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Disneyland, other California theme parks get go-ahead for limited reopening April 1

© Reuters. FILE PHOTO: Walt Disney Co’s Disneyland and California Adventure theme parks in Southern California are now closed due to the global outbreak of coronavirus in Anaheim, California LOS ANGELES (Reuters) – California health officials on Friday gave Walt Disney (NYSE:) Co’s Disneyland and other theme parks the go-ahead to reopen at limited capacity […]

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Gap forecasts return to sales growth on Athleta boost, vaccine roll-out

© Reuters. A Gap Inc. retail store is shown in La Jolla (Reuters) – Apparel retailer Gap Inc (NYSE:) on Thursday forecast a return to sales growth this year, as it expects sales at its Athleta brand to double in the next two years and the roll-out of COVID-19 vaccines to drive traffic at its […]

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StockBeat: Lufthansa’s Warning Puts Spotlight on EU Vaccine Failure

© Reuters. By Geoffrey Smith  Investing.com — Germany’s biggest airline gave some food for thought to those playing the reopening trade on Thursday, revising down its own outlook and stressing that the fate of the sector this year rests in the hands of European politicians who are, so far, failing to get vaccines into people’s arms. […]

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Volkswagen considering entry to more sustainable F1 – BBC

2/2 © Reuters. FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels 2/2 LONDON (Reuters) – Porsche and the Volkswagen (DE:) Group would consider entering Formula One if the next engine regulations due to be introduced in 2025 promote sustainable […]

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Prudential’s U.S. spin-off plan on track as Asia drives profit rise

© Reuters. The logo of British life insurer Prudential is seen on their building in London By Carolyn Cohn LONDON (Reuters) – British insurer Prudential (NYSE:) expects to split off its U.S. business in the second quarter, it said on Wednesday as it posted a 4% rise in full-year operating profit on the back of […]

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U.S. airlines remain in ‘dire straits,’ needs new government assistance: industry group

2/2 © Reuters. FILE PHOTO: Plane approaching Leeds Bradford airport passes in front of the sun during the second test cricket match between England and New Zealand in Leeds 2/2 By David Shepardson and Tracy Rucinski WASHINGTON (Reuters) – The head of a group representing major U.S. passenger airlines and a senior union official will […]

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Texas power crisis deepens as more companies skip payments due to grid operator

© Reuters. FILE PHOTO: Winter weather caused electricity blackouts in Houston HOUSTON (Reuters) – Texas energy companies failed to pay another $ 345 million for electricity and other services incurred during last month’s cold snap, the operator of the state’s grid said on Monday. In all, electricity providers have skipped out on $ 1.66 billion […]

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