Business
Business
IBM Misses Third-Quarter Revenue Estimates as Consulting Drags; Shares Fall
Business
Logpoint Appoints Frank Koelmel as Chief Revenue Officer
Business
Wolfspeed Shelves Plans to Build Chip Factory in Germany
Business
Mike Ashley’s Frasers Drops Plan to Buy Luxury Brand Mulberry
L’Oreal Third Quarter Sales Disappoint as China Spends Less on Beauty
Date: October 24, 2024
By Dominique Patton PARIS (Reuters) -French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand for beauty products. The company, which owns the Maybelline and Lancome brands, said sales for the three months to the end of September were 10.28...
Eni to Launch Chemical Business Restructuring in Coming Days, Sources Say
Date: October 23, 2024
MILAN (Reuters) – Italy’s Eni is expected to announce an overhaul of its chemical business in the coming days as it presses ahead with its energy transition programme, two sources with knowledge of the matter said on Tuesday. Eni said in March its loss-making chemical business Versalis aimed at reaching break-even at the core...
German Steelmaker Salzgitter Cuts Full-Year Guidance
Date: October 23, 2024
(Reuters) – German steelmaker Salzgitter cut its full-year guidance on Tuesday, reporting a drop in its earnings during the first nine months of 2024 against the backdrop of a sustained weak economic environment. Salzgitter said in a statement it now expects 2024 earnings before interest, taxes, depreciation and amortization (EBITDA) of between 275 million...
One Step Closer to the British Consumers: Understanding the Needs of the UK Audience
Date: October 22, 2024
Expanding your business’ horizons is surely not easy because of market competition, and trying to adapt your brand to the needs of a new audience can be a challenge. The United Kingdom is a top choice for companies who want to target a dynamic market full of opportunities, and despite the challenges, it is indeed...
Logitech Raises Full-Year Outlook as Sales and Profit Expectations Climb
Date: October 22, 2024
(Reuters) -Logitech International raised its full-year outlook after a strong performance and a growth in demand in the second quarter, the computer keyboard and mouse maker said on Tuesday. The Swiss-American technology company now expects its full-year sales in the range of $4.39 billion to $4.47 billion, up from its previous guidance $4.34 billion...
Analysis-Can the New Cvs CEO Handle the Aetna Challenge?
Date: October 22, 2024
By Amina Niasse NEW YORK (Reuters) – As CVS Health’s new CEO David Joyner steps into the top job after Karen Lynch’s quick departure on Friday, Wall Street analysts and some investors are questioning whether he has the right experience to turn around the Aetna health insurance business as it struggles with high medical...