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Airbus sees world freighter fleet growing 45% by 2044

PARIS (Reuters) -Airbus said on Wednesday the worldwide fleet of dedicated freighter aircraft by all makers should rise to 3,420 in the next 20 years, or a 45% increase, helped by long-term trade growth. “This will be made up of 815 existing freighters and 2,605 ...
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Rail conductor who was struck by a train and killed is identified as a Montana man

COLUMBUS, Mont. (AP) — Authorities on Wednesday identified a BNSF Railway conductor who was fatally struck by a passing train as a 52-year-old Montana man. Daniel Peterson died at the scene of the Sunday morning accident in Columbus, Montana. The cause was blunt force ...
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Meta cutting 600 AI jobs even as it continues to hire more for its superintelligence lab

MENLO PARK, Calif. (AP) — Meta Platforms is cutting roughly 600 artificial intelligence jobs even as it continues to hire more workers for its superintelligence lab, the company confirmed on Wednesday. Axios first reported the cuts, which will affect Meta’s Fundamental AI Research, or FAIR ...
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HSG, Jane Street among investors in Kraken’s September fundraising, sources say

By Hannah Lang (Reuters) -Apollo Global Management, Oppenheimer, Jane Street and HSG, formerly known as Sequoia Capital China, invested in crypto exchange Kraken’s recent funding round that valued the company at $15 billion, said two sources familiar with the matter. Fortune reported last month that Kraken ...
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US upstream oil and gas dealmaking slumps for third straight quarter amid low prices

By Georgina McCartney HOUSTON (Reuters) -Dealmaking in the U.S. upstream oil and gas sector slumped nearly 30% during the third quarter as persistently low oil prices kept buyers on the sidelines, analytics firm Enverus said on Wednesday.  Merger and acquisition activity has now fallen for three ...
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Sale of beauty assets to L’Oreal will be “net gain” in results, Kering COO says

PARIS (Reuters) -Kering’s sale of its beauty business to L’Oreal will result in a “net gain before tax” in Kering’s annual results, COO Jean-Marc Duplaix told analysts in a call on Wednesday when asked if the transaction would lead to a writedown. Under the ...
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Gold prices have tumbled from recent records. What’s behind the losses?

NEW YORK (AP) — Less than a day after gold soared to another record high, prices for the precious metal plunged — marking the biggest sell-off in years. Gold futures in New York closed at a record $4,374 per troy ounce on Monday, before falling ...
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NFL owners approve sale of 10% of the New York Giants to Julia Koch and her family

NEW YORK (AP) — NFL owners voted to approve the sale of 10% of the New York Giants to Julia Koch and her family, Commissioner Roger Goodell said Wednesday. The team announced after Goodell’s confirmation at the league’s annual fall owners meeting that the Koch ...
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Fitch says US support helped Argentina ward off ratings downgrade

NEW YORK (Reuters) -U.S. support for Argentina’s markets has prevented a downgrade of the South American country’s credit rating, but the country needs a broader plan to rebuild foreign exchange reserves in order to earn an upgrade, Fitch Ratings said on Wednesday. “The U.S. backstop ...
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Michelin sales hit by worse than expected North American market

By Mathias de Rozario (Reuters) -French tyre maker Michelin reported a 6.6% decline in sales in the third quarter of the year, below market expectations, citing worse-than-expected business conditions in the North American market The group’s sales came in at 6.25 million euros ($7.29 million) compared ...
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Kering third-quarter sales beat expectations as investors bet on Gucci owner’s comeback

PARIS (Reuters) -Sales at Kering’s flagship brand Gucci fell by 14% in the third quarter with overall group sales down 5% on a like-for-like basis, the French group said on Wednesday, beating market expectations.   It was the seventh consecutive quarter that Gucci’s business shrank by ...
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Exclusive-UniCredit CEO under renewed board scrutiny in M&A tug-of-war, sources say

By Valentina Za, Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -UniCredit CEO Andrea Orcel faces persistent requests from its board for detailed, frequent updates on his dealmaking strategy, four people with knowledge of the matter said. The Italian bank has invested in several rival financial institutions ...
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