Business
Business
Safran in Major Engine Repair Capacity Expansion as Demand Soars
Business
Results From Alphabet and Snap Lift Shares of Online Ad Sellers
Business
Cruise Operators Reap Benefits of Their Own Private Islands
Business
Ford Shares Drop as Supply Snags and Costs Hurt Profit Forecast
Adidas Sees Strong Sales in China as It Opens More Stores
Date: October 30, 2024
By Linda Pasquini and Helen Reid (Reuters) – Adidas saw strong growth in Greater China in the third quarter, while sales in North America excluding Yeezy shoes were up thanks to improving brand image, the company said on Tuesday. The German sportswear brand’s performance in China contrasts with rival companies that are struggling with weak...
European Car Safety Agency Snubs BYD’s Atto 3 Driver Assistance System
Date: October 29, 2024
MILAN (Reuters) – Europe’s car safety agency has issued a “not recommended” rating to the driver assistance system used in BYD’s Atto 3 EV, dealing a blow to the Chinese automaker as it strives to expand on the continent. The model scored zero on driver monitoring features and performed poorly in preventing undertaking at speeds...
Lufthansa Reports 9% Drop in Third-Quarter Profit as Core Brand Struggles
Date: October 29, 2024
By Joanna Plucinska, Rachel More and Ilona Wissenbach LONDON/BERLIN/FRANKFURT (Reuters) -German airline group Lufthansa reported a fall in third-quarter operating profit on Tuesday as its flagship brand struggles with low yields, competition with international airlines and spiralling costs. Third-quarter operating profit of 1.3 billion euros ($1.41 billion) was largely in line with the expectations of...
Volkswagen Eyes Pay Cuts to Achieve Majority of Savings, Reports Handelsblatt
Date: October 29, 2024
BERLIN (Reuters) -Volkswagen wants to achieve the majority of its billion-euro savings drive through pay cuts, Handelsblatt reported on Tuesday, citing a management board document. A proposed 10% cut to salaries at the core brand alone would bring in almost 800 million euros ($864 million) annually, Handelsblatt cited the document as saying. In addition to...
Vans-Owner Vf Corp Soars 22% as Turnaround Plan Starts to Pay Off
Date: October 29, 2024
(Reuters) – Shares of Vans maker VF Corp surged 22% in premarket trading on Tuesday after turning a profit following two quarters of losses, prompting investors to bet on a faster-than-expected turnaround at the struggling apparel and footwear maker. The company is in midst of a business revamp under CEO Bracken Darrell that involves focusing...
Steelmaker Acerinox Expects Weak Demand to Persist Into Fourth Quarter
Date: October 29, 2024
By Javi West Larrañaga and Jesus Calero (Reuters) -Spanish steelmaker Acerinox posted a sharp drop in third-quarter net profit on Tuesday as a result of a weak stainless steel market in Europe and North America that it said will likely continue through the fourth quarter. Its shares fell 4.1% by 0844 GMT, making them among...