Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
Coty raises annual core sales outlook as fragrances, cosmetics drive demand
By Ananya Mariam Rajesh (Reuters) -Coty on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent's new makeup...
Nov 07, 2023
Occidental Petroleum tops profit estimates on robust production
(Reuters) -Occidental Petroleum beat estimates for third-quarter profit on Tuesday, as the U.S. oil and gas producer was aided by higher output amid sustained demand for energy. U.S. production of oil...
Nov 07, 2023
Bumble projects quarterly revenue below estimates, shares fall
(Reuters) -Bumble forecast fourth-quarter revenue below Wall Street estimates on Tuesday, in a sign that sticky inflation and growing competition were weighing on user spending on its dating apps, sen...
Nov 07, 2023
Robinhood revenue misses estimates as muted trading volumes weigh
(Reuters) -Robinhood Markets missed Wall Street estimates for third-quarter revenue on Tuesday, weighed by a slowdown in trading activity, sending shares of the online brokerage down 6.4% in extended ...
Nov 07, 2023
EBay forecasts fourth-quarter results below estimates on weak consumer spending
(Reuters) -E-commerce platform eBay forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday as rising competition from the likes of Amazon amplify the hit from softer consume...
Nov 07, 2023
Lucid cuts full-year production forecast
(Reuters) -Lucid Group said on Tuesday it now expects to produce 8,000-8,500 vehicles this year from its earlier projection of more than 10,000 units. The company said it was cutting production foreca...
Nov 07, 2023
Rivian beats quarterly revenue estimate, raises full-year production forecast
(Reuters) -Rivian Automotive reported better-than-expected third-quarter revenue on Tuesday and raised its production forecast for the full year by 2,000 vehicles to 54,000 units. Shares of Rivian, wh...
Nov 07, 2023
Gilead quarterly results beat Street estimates as profit up on lower taxes
By Deena Beasley (Reuters) - Drugmaker Gilead Sciences on Tuesday said third-quarter sales were little changed from a year earlier, but earnings rose 21% due mainly to lower taxes. The Foster City, Ca...
Nov 07, 2023
Biden to meet with UAW president, tout Stellantis plant reopening
By David Shepardson and Nandita Bose WASHINGTON (Reuters) -President Joe Biden on Thursday will meet with United Auto Workers President Shawn Fain and tout the decision of Chrysler-parent Stellantis t...
Nov 07, 2023
Cerberus owns 10% of Frontier Communications, held talks to boost stock – filing
By Svea Herbst-Bayliss NEW YORK (Reuters) - Alternative investment firm Cerberus Capital Management is now Frontier Communications Parent Inc's second-largest stakeholder, with 10% in the telecommunic...
Nov 07, 2023
