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06 Jan

Orange's board selects three candidates for new CEO - sources

The search for a new CEO at France's state-controlled telecoms firm Orange has boiled down to a shortlist of three people chosen by a dedicated selection committee, two sources close to the matter said.

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06 Jan

Union offers modified proposal to Exxon in Texas refinery lockout -official

The United Steelworkers union (USW) offered a modified proposal to Exxon Mobil Corp on Thursday in a bid to end an eight-month lockout of workers at the company’s Beaumont, Texas, refinery, a union official said.

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06 Jan

Kazakhstan reminds world leaders of costly fuel subsidy dilemma

A deadly uprising in Kazakhstan triggered by a fuel price hike is a powerful reminder of the struggle governments face in trying to limit public subsidies of fossil fuels when expensive energy has stoked inflation.

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06 Jan

Air France-KLM will need to raise 1 billion - 2 billion euros in 2022 -Les Echos

PARIS (Reuters) -Franco-Dutch airline group Air France-KLM will need to raise additional capital of between 1 billion and 2 billion euros in 2022 to weather the downturn in air travel caused by the COVID-19 pandemic, Les Echos reported on Thursday.

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06 Jan

TPG executives to pocket potential $1.4 billion tax windfall after IPO

TPG's top dealmakers will force the buyout firm to pay them the cash value of tax savings it expects to receive, currently estimated to be worth $1.44 billion, in the years following its initial public offering (IPO), a regulatory filing shows.

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06 Jan

Conagra Brands misses profit view as raw material, shipping costs surge

Conagra Brands Inc missed market estimates for quarterly profit on Thursday, as the Slim Jim jerky maker took a hit from surging prices of raw materials and higher shipping costs.

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06 Jan

Greggs names new chief executive after sales rise

LONDON (Reuters) -Greggs retail director Roisin Currie will take over as chief executive in May, the British food-to-go retailer said on Thursday as it reported a rise in fourth-quarter sales despite the spread of Omicron in the run-up to Christmas.

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