business
Business
Monster Beverage misses quarterly results on weaker demand
Business
Italy’s Brembo still ready for M&A after Ohlins deal
Business
Bentley to launch SUV EV in 2026, extend sales of plug-in hybrids to 2035
Business
Volkswagen to recall over 114,000 US vehicles over airbag concern, NHTSA says
German arms group Rheinmetall targets record sales as political landscape shifts
Date: November 8, 2024
By Matthias Inverardi and Miranda Murray BERLIN (Reuters) -Germany’s Rheinmetall, boosted by the lift in European defence spending sparked by the Ukraine war, on Thursday said political shifts in the United States and Germany would not affect its path to record growth. Shares in Rheinmetall were up 7.83% at 1431 GMT and on track for...
Under Armour lifts profit forecast on cost savings, shares surge
Date: November 8, 2024
By Ananya Mariam Rajesh (Reuters) -Under Armour shares shot up 20% on Thursday as the sportswear maker raised its annual profit forecast, betting on lower input costs and cost-saving strategies such as fewer discounts at its own stores and website. Following several quarters of poor results, company founder Kevin Plank returned as CEO to reset...
Ralph Lauren raises sales target on strong holiday demand for sweaters, shirts
Date: November 8, 2024
By Savyata Mishra (Reuters) – Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and shirts as wealthy customers remain undeterred by price hikes. Shares of the luxury retailer rose 5% in early trading as the company also beat its second-quarter results. Predominantly younger, higher value...
Italy EconMin willing to meet Lufthansa CEO to solve ITA Airways dispute
Date: November 8, 2024
ROME (Reuters) – Italian economy minister Giancarlo Giorgetti on Thursday said it would be good to have a meeting with Lufthansa CEO Carsten Spohr at the weekend to overcome a dispute regarding the sale of a minority stake in state owned ITA Airways. This week, the Italian Treasury put on hold the sale of a...
WK Kellogg beats third-quarter estimates on demand, higher prices
Date: November 8, 2024
(Reuters) – WK Kellogg beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by robust consumer demand for its ready-to-eat cereals, including Froot Loops and Apple Jacks. Shares of the Battle Creek, Michigan-based company rose about 10% in premarket trading as higher product pricing and cost-cutting efforts bolstered results. Despite raising prices,...
Audi unveils new EV brand in China without four ring logo
Date: November 8, 2024
By Brenda Goh SHANGHAI (Reuters) – Audi on Thursday unveiled a new electric vehicle brand in China whose cars will sport just the name AUDI and not its signature four-ring logo, a move aimed at attracting younger customers in the world’s largest auto market. The premium marque owned by Germany’s Volkswagen partnered with Chinese automaker...