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Kimmeridge calls for overhaul at Coterra, says 2021 merger a failure

(Reuters) -Activist investor Kimmeridge on Tuesday called for an overhaul of leadership and strategy at Coterra Energy, saying the 2021 merger of Cabot Oil & Gas and Cimarex Energy to form the company has failed to deliver value and left it trading at a ...
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Shopify expects strong holiday revenue, costs dent quarterly profit

(Reuters) -Shopify projected strong revenue growth for the crucial holiday shopping season on Tuesday, but U.S. shares of the Canadian e-commerce platform fell about 3% premarket after its third-quarter profit took a hit from higher costs. The company has spent heavily on the research ...
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Thomson Reuters revenue rises in third quarter, reaffirms 2025 forecast

(Refiles to fix typo in CoCounsel in paragraph 9) By Kenneth Li (Reuters) -Thomson Reuters reported higher third-quarter revenue on Tuesday, boosted by investments in artificial intelligence products in its legal and tax and accounting divisions. The Toronto-based content and technology company also reaffirmed its full-year ...
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Hertz surges after swinging to third-quarter profit

(Reuters) -Hertz Global swung to a third-quarter profit after nearly two years on Tuesday, as the company relied on used vehicle sales and a newer fleet of rental cars to drive demand, sending its shares up 27% in premarket trading. The company has ...
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Pets contribute to greenhouse gases like us. Here’s how to reduce their carbon pawprint

The whole “pets are family members” idea isn’t just a sweet sentiment. Data shows that pet owners are increasingly buying food that resembles their own diets. The trend toward refrigerated, “fresh” or even “human-grade” pet food can come with a price beyond the pet food ...
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UN report: Climate-fighting efforts show slight gain but still fall far short

All nations of the world had homework this year: submit new-and-improved plans to fight climate change. But the plans they handed in “have barely moved the needle” on reducing Earth’s future warming, a new United Nations report finds. And a good chunk of that progress ...
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Michael Kors parent Capri tops quarterly revenue estimate

(Reuters) -Capri Holdings on Tuesday topped revenue estimates for the second quarter and announced a $1 billion share repurchase program. The company reported quarterly revenue of $856 million, compared with estimates of $825.7 million, according to data compiled by LSEG. (Reporting by Juveria Tabassum in ...
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Harley-Davidson’s third-quarter profit rises

(Reuters) -Harley-Davidson reported a higher third-quarter profit on Tuesday, helped by cost-saving measures and strong margins from its custom touring models. Shares of the storied motorcycle maker rose about 1% in premarket trade. Consumers rethinking their purchases have led to lower demand for leisure ...
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Apollo beats Wall Street profit forecast on swelling assets, lending growth

By Isla Binnie (Reuters) -Apollo Global Management surpassed Wall Street’s expectations with a 20% rise in third-quarter profit on Tuesday, boosted by managing a swelling pile of assets, growth in debt origination and higher performance fees. The alternative asset manager posted adjusted net income of ...
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Brazil bill to restore free checked bags alarms airlines

By Gabriel Araujo LIMA/SAO PAULO (Reuters) -A Brazilian bill that would bar airlines from charging fees for checked bags has spooked a domestic industry already plagued by bankruptcies, fueling accusations the move would discourage the kind of low-cost operators that could lower fares overall.  The measure, ...
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European Union tries to forge new climate targets before the COP30 summit in Brazil starts next week

BRUSSELS (AP) — The European Union is attempting to forge new climate goals on Tuesday before the U.N. climate talks in Brazil starting next week. Ministers from across the 27-nation bloc are meeting in Brussels to try and get at least 15 to align their ...
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Exclusive-Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies

By Ariba Shahid KARACHI (Reuters) -Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy’s Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and ...
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