SAO PAULO (Reuters) -A Brazilian subsidiary of China's ride-hailing company DiDi Global sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according to court documents seen by Reuters. The lawsuit comes days after Keeta, which is entering the Brazilian market, sued DiDi's Brazilian unit, 99, in Brazil, alleging its food delivery app...

02:08 PM EDT, 08/19/2025 (MT Newswires) -- CSX (CSX) is under pressure from activist investor Ancora into pursuing a potential merger with a rival, similar to the one entered into by competitors Union Pacific ( UNP ) and Norfolk Southern ( NSC ) , the Wall Street Journal reported Tuesday, citing a letter from the hedge fund. Ancora is pushing...

02:20 PM EDT, 08/19/2025 (MT Newswires) -- National Bank notes that the July CPI data shows airfares were down year-on-year for the 13th straight month Airfares in Canada continue to be relatively weak, writes analyst Cameron Doerksen. Air Canada ( ACDVF ) reported second-quarter results in late July where its passenger yield was down 0.7% y/y with passenger unit revenue...

02:09 PM EDT, 08/19/2025 (MT Newswires) -- Amer Sports ( AS ) raised its full-year outlook on Tuesday as second-quarter results came in stronger than expected, although the company's third-quarter revenue guidance indicated a growth slowdown on a sequential basis. The maker of Wilson tennis rackets and Salomon ski boots now expects adjusted per-share earnings of $0.77 to $0.82 on...