Ford Motor Co ( F ) shares are trading lower by 1.79% to $10.99 Monday and are lower by some 21% over the trailing five sessions after the company last week reported a second-quarter EPS miss. What Happened? Ford reported second-quarter EPS of 47 cents, a stark miss from the Street consensus estimate of 68 cents. Earnings misses of this...

01:00 PM EDT, 07/29/2024 (MT Newswires) -- (Updates with details throughout) Costco (COST) workers represented by the Teamsters union in Norfolk, Virginia, voted to authorize a strike ahead of the start of contract negotiations, according to a statement Monday. Both sides are due to begin national contract negotiations on Aug. 21 and the nearly unanimous strike vote reflects growing militancy...

01:01 PM EDT, 07/29/2024 (MT Newswires) -- Orca Energy Group (ORC-B.V) was last seen down 15% after the company on Monday said its PanAfrican Energy Tanzania (PAET) unit failed to reach a commercial resolution of the natural-gas sales contract negotiations and license extension with state-owned Tanzania Petroleum Development Corporation (TPDC). The dispute concerns the extension of the Songo Songo Development...

MILAN (Reuters) - Italian fashion house Giorgio Armani managed to keep its operating profit steady last year and grow net sales by 6% at constant currencies, despite a 'single-digit' slowdown in revenues in the second half which continued this year. The weakening in sales observed through the first six months of 2024 reflects an adjustment within the luxury market, especially...