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To counter a sharp rise in oil prices this year Royal Jordanian started hedging 22 percent of its fuel requirements in the fourth quarter, Pichler said. Fuel is often an airline’s single largest operating cost. A currency hedging strategy is also in development, Pichler said. Wary of overcapacity in the Gulf market, a region dominated by major airlines Emirates and Qatar Airways, Royal Jordanian has said it will focus on the Middle East’s Levant region. Pichler said he was hopeful flights to Syria would resume within the next three to four months, although Royal Jordanian had yet to make any plans to do so.

TORONTO (Reuters) - Thomson Reuters Corp (TRI.TO) (TRI.N) is looking to make “substantive” acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Jim sterling silver football helmet cufflinks Smith said on Tuesday, Smith’s comments, following better-than-expected third-quarter profit announced earlier in the day, sent Thomson Reuters shares up 4.5 percent to an 18-year high, The news and information provider has set aside $2 billion for deals, Smith told Reuters in an interview, after raising $17 billion from selling 55 percent of its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP (BX.N)..

“We are interested in bigger, more substantive deals,” Smith said. “I wouldn’t expect a string of small, bolt-on acquisitions. We’d rather spend that $2 billion on a handful of deals rather than spread across a couple of dozen.”. Thomson Reuters could spend more than $2 billion if it found the right purchase, Smith told analysts on a conference call after reporting quarterly earnings. “If an absolute home-run deal presented itself, we would certainly consider it,” he said.

The company had previously indicated that it wanted to use the funds to bolster its Legal and Tax & Accounting businesses, which are its two biggest units after the F&R deal, Last month, it agreed to buy Integration Point, a trade management software business, for an undisclosed fee, The F&R unit now operates as sterling silver football helmet cufflinks a standalone business named Refinitiv, Shares in Thomson Reuters have risen 35 percent since May 11, helped by its plan to buy back $10 billion of its shares, The stock hit a high of C$62.99 in afternoon trading..

Smith said the company was on track for a solid 2018 and a better performance in 2019. The company reiterated its forecast, originally given in May, for low single-digit revenue growth in 2018. On the conference call, Smith told analysts that the company’s longer-term goal was for mid-single digit growth. Edward Jones analyst Brittany Weissman said she was encouraged by growth in the company’s core businesses but was cautious about the outlook. “We believe there is some uncertainty around Thomson Reuters’ earnings growth over the next couple of years as the company transitions to its new operating structure,” she said.

The company said it now expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of $1.3 billion for the year, having previously said it expected $1.2 billion to $1.3 billion, The year-ago figure was $1.6 billion, Smith said he expected underlying profit to improve next year, For the third quarter, Thomson Reuters reported a smaller-than-expected fall in profit, Earnings per share were 11 cents, adjusted for one-time items, down from 27 cents a year ago, hurt by a higher tax sterling silver football helmet cufflinks expense, That beat analysts’ average estimate of 3 cents, according to IBES data from Refinitiv..

Overall revenue rose 3 percent, excluding the effect of fluctuating exchange rates, to $1.29 billion. Analysts had expected revenue of $1.32 billion, on average. Excluding exchange rate effects, Legal revenue rose 4 percent, Tax & Accounting revenue rose 3 percent and revenue from Reuters News fell 4 percent. Adjusted EBITDA fell 21 percent, excluding the effect of exchange rates, to $302 million, due to the higher income tax expense from the company’s continuing operations, offsetting higher earnings from its discontinued operations.

(Reuters) - Wells Fargo & Co (WFC.N) said on Tuesday an internal underwriting error had caused it to reject home loan modifications, resulting in the bank foreclosing more homes than expected, The bank said in a filing with regulators that an expanded review found that 870 customers were incorrectly denied mortgage changes, leading to 545 of them losing their homes, This comes after the bank in August had for the first time disclosed sterling silver football helmet cufflinks a calculation error in an internal underwriting software had caused 625 borrowers to be incorrectly denied mortgage loan modifications under a federal assistance program, 400 of whom had their homes foreclosed upon..



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