Business
Business
Mercedes to Step up Cost Cuts After Earnings Halve
Business
Italy’s Eni to Boost Buyback After Q3 Profit Beats Expectations
Business
Analysis-Markets Gear up for Two Wild Weeks of Elections and Rate Moves
Business
Embracing Humanity in Finance – the Rise of B2H (Brand-to-Human) Marketing
Building Materials Supplier Holcim Beats Profit Forecast
Date: October 25, 2024
By John Revill ZURICH (Reuters) -Holcim beat third-quarter operating profit expectations, the construction materials maker said on Friday, as higher profitability helped offset lower sales. The company, which is planning to spin off its North American business next year, posted recurring operating profit of 1.67 billion Swiss francs ($1.93 billion) for the three months...
Fast-Food Chains Hold the Onions After McDonald’s E. Coli Outbreak
Date: October 25, 2024
By Brad Brooks LONGMONT, Colorado (Reuters) -U.S. fast-food chains were pulling fresh onions out of their menu items on Thursday after the vegetable was named as the likely source of an E. coli outbreak at McDonald’s restaurants that has sickened 49 people and killed one. Restaurant Brands International, parent of McDonald’s rival Burger King,...
Accor Adjusts Guidance as It Sees Strong Demand at Luxury Hotels
Date: October 25, 2024
By Marta Maciag and Nathan Vifflin (Reuters) -Accor, Europe’s largest hotel group by portfolio, on Thursday raised the bottom end of its forecast range for 2024 core profit on strong demand for its luxury hotels. The French group, however, said China was weak, echoing other big hotel groups that are seeing declining demand there....
Exclusive-JBS, Sigma Vie for Kraft Heinz’s $3 Billion Hot-Dog Business, Sources Say
Date: October 25, 2024
By Abigail Summerville NEW YORK (Reuters) – Brazilian meatpacker JBS and Mexico’s Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz, according to people familiar with the matter. The divestment of the popular hot-dog brand, which the sources said could...
Harley-Davidson Lowers Full-Year Revenue Forecast on Weak Demand
Date: October 25, 2024
By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company’s motorcycles in North America, sending its shares down more than 3% on Thursday. Spending on big-ticket purchases has slipped, with consumers wary of depleting savings and rising credit card...
ECB Hawks Push Back Against Bets on More and Bigger Cuts
Date: October 25, 2024
By Balazs Koranyi WASHINGTON (Reuters) -Three European Central Bank officials tried to cool market speculation on bigger interest rate cuts on Thursday, urging the ECB to proceed gradually or at least keep its options open. The ECB has cut interest rates three times already this year and investors are speculating on bigger and faster...