12:23 PM EDT, 06/03/2024 (MT Newswires) -- American Airlines Group ( AAL ) was viewed optimistically a month ago but has faced setbacks with a significant Q2 guidance cut and management changes, and must demonstrate tangible improvements, Morgan Stanley said in a note Monday. The key debate here is whether the business is structurally challenged or if management recognized that...

12:25 PM EDT, 06/03/2024 (MT Newswires) -- Blackstone (BX) partner David Blitzer leads an investor consortium now working with financial advisory firm Lazard on a potential sale of German football club FC Augsburg, Bloomberg reported Monday. The sale could value the team at more than 150 million euros ($163.3 million), the report said, citing people familiar with the matter. Some...

12:25 PM EDT, 06/03/2024 (MT Newswires) -- Honda Motor's ( HMC ) American Honda unit said Monday that May sales increased 6.4% to 127,129 units from a year earlier. Truck sales rose 10% to 86,253 units and car sales fell 0.5% to 40,876 units, American Honda said. Electrified-vehicle sales fell almost 16% to 26,995 units, the Honda Motor ( HMC...

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine (Rewrites with lawyer comments, background) MOSCOW, June 3 (Reuters) - A Russian broker on Monday urged foreign investors to sign up to its asset swap scheme aimed at freeing up funds blocked by sanctions, although one lawyer advising Western clients sounded sceptical...