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Investment

US companies leap over low profit hurdle

NEW YORK: A record high percentage of United States companies are beating analysts’ forecasts this earnings season, giving investors a glimmer of hope in what is still expected to be the slowest profit period since the financial crisis.

Business

Benettons set to discuss Autostrade spinoff this week

ROME: Italy’s Benetton family is set to discuss this week the spinoff of its toll-road operator unit Autostrade per l’Italia SpA in a move aimed to end a dispute with the government that’s festered since the deadly 2018 Genoa bridge collapse, la Repubblica reported.