Mulberry Posts Wider Pretax Loss as Group Prepares Turnaround

The group’s pretax loss widened on lower revenues as the fashion brand undertakes a strategy review under its new CEO.

Business - The Wall Street Journal - 10 hours ago

Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss

The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.

Business - The Wall Street Journal - October 22

FirstFT: Media groups prepare for election night disinformation

Also in today’s newsletter, bets on US election volatility rise, and UK borrowing costs soar

World - Financial Times - November 1

Flagstar, formerly NYCB, reports a wider-than-expected loss as charge-offs jump

The bank formerly known as NYCB reported another wider-than-expected quarterly loss and provided a downbeat outlook.

Business - MarketWatch - October 25

How Democrats are planning to fight Trump's mass deportation plan

Advocacy groups opposing Donald Trump's plan to deport millions of undocumented immigrants are pre-drafting lawsuits that could be filed as soon as he takes office.

Meet the DIY group for men fixing loneliness and loss

Group that focuses on DIY projects is oversubscribed by men of all ages who want to avoid loneliness.

'Ready for anything': Democrats tout post-election legal preparations

The Harris campaign says it is taking steps to prepare for "anything Republicans throw at us" in court before, after and on Election Day.

Biden’s post-election pep talk was pathetic — Democrats must prepare to fight

It’s one thing to pledge to “ensure a peaceful and orderly transition,” as Biden did. It’s quite another to proceed as though this is a normal transition and a normal incoming president.

Politics - The Hill - November 8

Frasers Won't Make Bid for Mulberry

The U.K. online fashion retailer has ended a near monthlong battle to take control of the British luxury brand.

Business - The Wall Street Journal - October 23

Meta’s Reality Labs posts $4.4 billion loss in third quarter

Meta's Reality Labs unit, which develops augmented and virtual reality technologies, logged an operating loss of $4.4 billion in the third quarter.

Business - CNBC - October 30

Roku’s stock sinks after streaming company posts another quarterly loss

Roku Inc.’s stock fell in after-hours trade Wednesday, after the streaming platform posted another quarterly loss and flat average revenue per user.

Business - MarketWatch - October 31

Intel Posts $16.6 Billion Quarterly Loss, Its Biggest Ever

The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.

Tech - The New York Times - October 31

Trump Media posts heavy losses in surprise election-night earnings report

Nasdaq halts trading of the company’s stock several times as its price rises and falls by huge percentages. Donald Trump’s tiny social media empire revealed another heavy loss and a fall in sales ...

World - The Guardian - November 6

Trump Media & Technology Posts Third-Quarter Loss Ahead of Election Outcome

Chief Executive Devin Nunes said the company continues to explore additional possibilities for growth such as potential mergers and acquisitions, including in the realm of fintech.

Business - The Wall Street Journal - November 5

Trump election win spurs US stocks to strongest week in a year

S&P 500 breaks through 6,000 for first time

Business - Financial Times - November 8

Thyssenkrupp Targets Profit Return After Posting Narrowed Net Loss

The industrial group forecasts net profit of between €100 million and €500 million for fiscal 2025 on sales growth of 3% at best.

Business - The Wall Street Journal - 8 hours ago

Yankees prepare to discuss Aaron Boone's future after Brian Cashman praises manager despite World Series loss

The Yankees hold an option on Boone's contract for the 2025 season

Sports - CBS Sports - November 6

At least 10 people are killed by police in Mozambique post-election protests, medical groups say

Two medical groups in Mozambique say at least 10 people were fatally shot by police and 63 others sustained gunshot wounds when authorities cracked down on unrest following the presidential election

World - ABC News - October 31

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - October 24

Cowboys CB Trevon Diggs confronts reporter over social media post after loss to 49ers

The 49ers held on to beat the Cowboys 30-24 on Sunday night.

Sports - Yahoo Sports - October 28

Cowboys' Trevon Diggs apologizes to reporter for heated confrontation over social media post after loss to 49ers

Trevon Diggs confronted WFAA’s Mike Leslie for a social media post he made about him during the Cowboys’ loss to the 49ers on Sunday.

Sports - Yahoo Sports - October 30

Washington Post report: Subscriber loss after non-endorsement reaches a quarter million

The Washington Post has lost at least a quarter million subscribers since announcing last Friday it would not endorse a candidate in the presidential race

Entertainment - ABC News - October 30

Intel Posts More Than $16 Billion Loss but Says Sales Outlook Is Improving

The chip maker attributed nearly $16 billion in charges to its sweeping restructuring efforts. The company’s rosy sales forecast sent shares up about 8% after hours.

Business - The Wall Street Journal - October 31

Behren Morton leads late TD drive as Texas Tech posts 23-22 upset for No. 11 Cyclones' first loss

Behren Morton drove Texas Tech 71 yards for the winning touchdown with 19 seconds left and the Red Raiders denied No. 11 Iowa State its best start in program history with a 23-22 upset

Sports - ABC News - November 2

Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss

The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency

Tech - ABC News - November 6

23andMe’s stock falls after company says there’s substantial doubt it can stay in business

Shares of 23andMe fell 4% Tuesday after the DNA-testing company reported its latest quarterly loss and included “going concern” language in its financial statements, shedding gains made late Monday ...

Business - MarketWatch - November 12

Mulberry Says It Doesn't Believe Offer by Frasers Can Proceed

The British luxury brand said it was taking into account major shareholder Challice Limited’s position that it wouldn’t sell its Mulberry shares to Frasers or support the possible offer.

Business - The Wall Street Journal - October 22

Water watchdog boss claimed £170 Mulberry wallet on expenses

Alan Sutherland stood down last year after a report revealed lavish spending at the Water Industry Commission for Scotland.

Yankees shouldn't hold their breath for a Judge turnaround

The Dodgers have been doing a good job of getting ahead in the count on Judge, and once they've gotten him to two strikes, Judge has been going down swinging.

Sports - Yahoo Sports - October 28

Burberry Ramps Up Turnaround in Effort to Revive Brand

The luxury group said it was taking steps to cut costs and change its pricing strategy, after it slid to a first-half loss on sharply lower sales.

Business - The Wall Street Journal - 5 days ago

From 'beached whale' to contender: Inside Tulane's turnaround

After years of irrelevance, Tulane has found itself having steady success and is now vying for the Group of 5's playoff spot.

Sports - ESPN - 4 days ago

Fast-Food Franchisees Hope for a Turnaround Year in 2025

Signs an inflation-driven slump in 2024 is slowly turning into a rebound include stable pricing and increased sales.

Business - Inc. - 23 hours ago

Investors give funds aligned to Paris Agreement a wider berth

ESG funds which track companies’ adherence to climate pledges have been falling from favour

World - Financial Times - October 24

Intel CEO’s turnaround mirrors some moves by Steve Jobs. But is it too late?

Intel Corp. Chief Executive Pat Gelsinger gave a few important details Thursday about the company’s ongoing restructuring that mirrored some of the moves that Steve Jobs made at Apple — but it may ...

Business - MarketWatch - November 1

Ferrari Defies Wider Auto Industry Malaise With Higher Sales, Earnings

Ferrari posted higher sales and earnings in the third quarter and said it was more confident that it would hit its annual guidance, racing ahead of other car makers that are grappling with ...

Business - The Wall Street Journal - November 5

Europe praises Trump's victory amid wider fears of an impending economic nightmare

European leaders are congratulating Donald Trump for his victory, while sources add the outcome is not as shocking as when he clinched victory in 2016.

Business - CNBC - November 6

As Trump Threatens a Wider Trade War, the U.S. Confronts a Changed China

The Chinese economy is more dependent on exports, making tariffs more potent, yet it’s less reliant on American markets and increasingly bent on self-sufficiency.

Business - The New York Times - November 11

Lawrence caps rapid turnaround as Chelsea rise to Celtic’s WCL challenge

Chelsea’s aspiration of claiming this season’s Women’s Champions League was hardly in danger as Murphy Agnew handed Celtic a shock 22nd-minute lead. It was simply that the potential for an ...

World - The Guardian - 5 days ago

World Fears a Wider Trade War. Malaysia Sees an Opportunity.

With Donald J. Trump promising tariffs, Malaysia hopes a deal with Singapore for greater economic integration will strengthen its role as a China alternative.

Top stories - The New York Times - 4 days ago

Latest in Mulberry Posts Wider Pretax Loss as Group Prepares Turnaround

Topics