Business
Business
Richemont Say US Business in Good Position for Growth
Business
UK Regulator Flags Concerns and Remedies for Sale of Baby Formula
Business
Asml Hit With Global IT Outage That Was Resolved
Business
Luxury Shoemaker Manolo Blahnik Enters China Market After 22-year Legal Tussle
Monster Beverage Misses Quarterly Results on Weaker Demand
Date: November 8, 2024
(Reuters) – Monster Beverage missed Wall Street estimates for third-quarter sales and profit on Thursday, as cost-conscious consumers cut back spending on its higher-priced beverages. Shares of the company were down about 3% after the bell. Consumers, especially from low to middle-income groups, have been curbing their cravings for branded non-alcoholic drinks and opting for...
Italy’s Brembo Still Ready for M&A After Ohlins Deal
Date: November 8, 2024
(Reuters) -Brembo’s acquisition of suspension technology manufacturer Ohlins Racing, its biggest ever, will not prevent the Italian premium brake maker from assessing further and larger M&A deals, its top executive said on Thursday. Brembo, which earlier on Thursday presented broadly stable results for the first nine months of this year, in October announced the $405...
Bentley to Launch Suv Ev in 2026, Extend Sales of Plug-In Hybrids to 2035
Date: November 8, 2024
By Nick Carey LONDON (Reuters) – British luxury carmaker Bentley said on Thursday it will launch its first electric car in 2026 and said it will keep selling plug-in hybrids until 2035, formally abandoning a previous goal of going fully electric by 2030. The Volkswagen unit said the first electric Bentley will be a “luxury...
Volkswagen to Recall Over 114,000 US Vehicles Over Airbag Concern, Nhtsa Says
Date: November 8, 2024
(Reuters) -Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday. The recall consists of some Beetle and Passat vehicles from model years 2006-2019. “The driver’s side frontal airbag inflator may explode due to propellant degradation occurring after long-term exposure to...
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...