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BusinessGerman Regulator Sets Stamp Price Guidelines, Shrugging Off Dhl Protest
BusinessUK Supermarket Asda ‘lost the Plot’ but Is Fixable, Says Chairman
BusinessIkea Reports Higher Profit Despite Revenue Hit From Price Cuts
BusinessRichemont Say US Business in Good Position for Growth
OpenAI’s ChatGPT Back up After Brief Outage
Date: November 9, 2024
(Reuters) -Microsoft-backed OpenAI’s popular chatbot ChatGPT was back up after an outage affected thousands of users, the company said on Friday. “Issues with ChatGPT have now been resolved,” OpenAI said in a statement on its website. Access was restored to most users by 4:34 p.m. PT (0034 GMT on Saturday), OpenAI said, adding that a...
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...
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...
IPO Candidate Golden Goose Posts 12% Increase in Sales
Date: November 8, 2024
MILAN (Reuters) – Italian luxury sneaker brand Golden Goose said on Thursday its net revenues rose 12% at constant exchange rates in the first nine months of the year, helped by new openings. In the third quarter alone revenues also grew by 12%. “Against a backdrop of headwinds in the luxury sector, we are committed...
Aussie Telecom Regulator Fines Optus $8 Million Over Emergency Services Outage
Date: November 8, 2024
(Reuters) – Australian telecom watchdog has fined Optus A$12 million ($7.99 million) for failing to provide emergency call services to thousands during a nationwide outage last year, the regulator said early on Friday. The Australian Communications and Media Authority (ACMA) said it found 2,145 customers could not access the emergency call service during the outage...
Ralph Lauren Raises Sales Target on Strong Holiday Demand for Sweaters, Shirts
Date: November 8, 2024
By Savyata Mishra (Reuters) – Ralph Lauren raised its annual sales forecast on Thursday, on strong holiday demand for its expensive cashmere sweaters and shirts as wealthy customers remain undeterred by price hikes. Shares of the luxury retailer rose 5% in early trading as the company also beat its second-quarter results. Predominantly younger, higher value...