video FOX Business Flash top headlines for March 2 Check out what’s clicking on FoxBusiness.com Ford Motor Co. on Thursday issued a recall of 98,500 older Ranger pickup trucks in the United States that had previously been recalled over faulty air bag components.  The new recall is for 2004-2006 model year Ranger trucks that may have had replacement front passenger […]

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video FOX Business Flash top headlines for March 1 Check out what’s clicking on FoxBusiness.com Seven passengers on board a Lufthansa flight that encountered "severe turbulence" over Tennessee were sent to hospitals in the Washington, D.C., area after the plane was diverted to Dulles International Airport.  The husband of a woman on the flight said on Twitter that lightning struck the […]

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German science and technology major Merck KgaA reported Thursday higher profit and revenues in its fiscal 2022, with improved performance in all divisions. The company further lifted its dividend, and said it expects weak to flat EBITDA pre in fiscal 2023, but higher organic sales. Belen Garijo, Chair of the Executive Board and CEO of Merck, said, “We delivered profitable […]

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Corrects third para UK house prices registered the first annual fall since June 2020, which was also the worst decline in a decade, as the squeeze on household income from higher interest rates and inflation damped demand in the property market, data from Nationwide Building Society showed Wednesday. House prices declined 1.1 percent on a yearly basis in February, offsetting […]

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Investment management firm Man Group plc (MNGPF.PK,EMG.L) reported that its profit increased to $608 million in 2022 from $487 million in 2021, with core profit increasing from $557 million to $647 million over the same period. Statutory earnings per share were 45.8 cents up from 33.8 cents in the prior year. Statutory net revenue increased to $1.73 billion in 2022, […]

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A highly anticipated report released by the Commerce Department on Friday showed an unexpected acceleration in the annual rate of core consumer price growth in the month of January. The report said annual growth by core consumer prices, which exclude food and energy prices, accelerated to 4.7 percent in January from an upwardly revised 4.6 percent in December. Economists had […]

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Billions of dollars are accumulating in Moscow beyond the reach of its foreign owners. Stock dividends, interest payments on bonds and anything else that Western investors didn’t sell before the war — it’s all part of the pile of money that’s been trapped by sanctions. Putin arrives to attend the “Glory to the Defenders of the Fatherland” concert this week.Credit:AP […]

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Brambles Ltd. (BXB.AX,BMBLF.PK), a pooling solutions company, reported that its profit after tax for the first-half of fiscal year 2023 increased 9% year-over-year to US$331.1 million, while basic earnings per share rose 12% to 23.9 US cents from previous year. Profit after tax from continuing operations of US$334.5 million, increased 21% at constant currency as the strong Underlying Profit performance […]

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South Korea’s central bank decided to hold its interest rate on Thursday, ending the tightening cycle that began 18 months ago, in order to assess the impact of past rate hikes. The Monetary Policy Board of the Bank of Korea decided to keep the Base Rate unchanged at 3.50 percent. The central bank has hiked its policy rate by a […]

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Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday that its third-quarter net income attributable to ordinary shareholders was RMB46.82 billion or $6.79 billion, an increase of 69 percent from last year’s RMB27.69 billion. The higher results primarily reflected a decrease in impairment of goodwill in relation to Digital media and entertainment segment. Earnings per share in the quarter […]

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