Business
Business
Roblox Lifts Annual Bookings Forecast as In-Game Spending Booms
Business
Norwegian Cruise Lifts Profit Forecast Again After Record Ticket Sales
Business
Italy’s Intesa Improves 2025 Profit Guidance After Good Quarter
Business
Repsol Targets Renewables Deals, Seeks ‘solution’ for North Sea Business
Pringles-Maker Kellanova Beats Quarterly Sales, Profit Estimates on Steady Demand
Date: October 31, 2024
(Reuters) – Packaged food company Kellanova topped Wall Street estimates for third-quarter sales on Thursday, driven by resilient demand for its ready-to-eat breakfast items and snacks despite rising prices. WHY IT IS IMPORTANT The Cheez-It maker has capitalized on its brand strength to steadily raise product prices over the past few years to strengthen its...
St Targets China Growth After Trimming Forecast Again
Date: October 31, 2024
By Nathan Vifflin (Reuters) -European chipmaker STMicroelectronics (ST) on Thursday trimmed its revenue outlook for the third time this year amid weak demand from industrial clients, and said growth of its largest division depends on expansion in China. Automotive semiconductor companies like ST, Texas Instruments and Melexis are betting on expansion in the Chinese EV...
Maersk Sees No Suez Canal Return Until ‘well Into 2025’ Due to Red Sea Threat
Date: October 31, 2024
By Stine Jacobsen COPENHAGEN (Reuters) -A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due to the threat of Red Sea attacks. Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted...
Temu to Be Investigated by EU Tech Regulators Over Sale of Illegal Products
Date: October 31, 2024
By Foo Yun Chee BRUSSELS (Reuters) – Chinese online retailer Temu will be investigated on whether it may have breached EU tech rules against the sale of illegal products, EU tech regulators said on Tuesday, in a move which could lead to hefty fines for the company. The EU investigation will also focus on the...
DoorDash Forecasts Strong Fourth Quarter, Bets on Demand for Online Delivery
Date: October 31, 2024
By Ananya Mariam Rajesh (Reuters) -DoorDash forecast fourth-quarter core profit above estimates on Wednesday, as the online delivery firm bets on more consumers using the platform to order groceries to beauty products during the holiday period. The company also posted a profit for the first time since going public in late 2020 and beat quarterly...
Estee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
Date: October 31, 2024
(Reuters) – Estee Lauder named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending. De La Faverie, currently the cosmetic giant’s executive group president, oversees high-end fragrance brands such as Jo...