Pret a Manger’s U.S. expansion sees cafe chain’s sales hit $1.5 billion

Molson Coors sees weakness in U.S. beer volumes, leading to a sales miss

Molson Coors sees sales volumes drop amid weakness in the U.S. beer industry.

Business - MarketWatch - 2 days ago

ServiceNow, Coreweave and others to invest $8.2 billion in UK data centers to fuel AI growth

American enterprise software giant ServiceNow and cloud computing startup CoreWeave plan to invest billions of dollars in their U.K. operations.

Business - CNBC - October 14

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services.

Business - CNBC - November 1

Starbucks will discontinue Oleato olive oil drinks at U.S. cafes in early November

New CEO Brian Niccol has pledged to simplify the Starbucks menu.

Business - CNBC - October 30

Starbucks will discontinue Oleato olive oil drinks at U.S. cafes

Starbucks’ controversial line of olive oil-infused drinks will leave U.S. stores in early November.

Retail Group Sees $78 Billion Spending Hit From Trump Tariff Plan

A National Retail Federation predicts a huge loss in consumer spending power under Trump, who also threatened Mexico and China with further tariffs over fentanyl flows to the U.S.

Business - Inc. - 4 days ago

Why pharmacy chains are seeing mass store closures

Walgreens this week announced that 1,200 of its stores could close soon, while CVS, which is also in the process of major staffing cuts, announced Friday that CEO Karen Lynch was being replaced. ...

United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback

United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.

Business - CNBC - October 16

Western consumer groups unconvinced by China’s economic stimulus efforts

Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidence

Business - Financial Times - October 31

True Value declares bankruptcy, lines up sale to rival hardware chain

True Value, a national hardware brand founded in 1948, said it has a deal to be acquired by rival Do it Best.

Dutch Bros CEO lays out the coffee chain's cross-country expansion plans

The Oregon-based coffee chain made its market debut in 2021, and operates in 18 states, including in California, Arizona and Texas.

Business - CNBC - Yesterday

Lonza Sees Accelerating Sales Growth in Final Quarter

The Swiss life-sciences company said it expected accelerated sales growth in the fourth quarter on the back of the timing of product releases and the ramp-up of its new acquired manufacturing ...

Business - The Wall Street Journal - October 24

How Israelis see the U.S. election

With Israel at war in Gaza and in Lebanon, and led by the most right-wing government in its modern history, the Middle East is closely watching the results of the U.S. election, which could ...

U.S. Drugmakers Are Breaking Up With Their Chinese Supply-Chain Partners

U.S. drugmakers and biotechs have come to rely on Chinese partners. Now, some of them are looking for alternatives as geopolitical tensions rise.

Business - The Wall Street Journal - November 1

U.S. Chip Toolmakers Move to Cut China From Supply Chains

Applied Materials and Lam Research are telling vendors to follow new restrictions, spurred by U.S. government pressure.

Tech - The Wall Street Journal - 5 days ago

Mercedes-Benz and Porsche look for cost cuts after China slump hits profits

German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto market

Business - Financial Times - October 25

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - October 30

Stellantis hit by sales slide in US and Europe

Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventory

World - Financial Times - October 31

Biden announces $3 billion investment in U.S. ports

President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.

Apple sells $46 billion worth of iPhones over the summer as AI helps end slump

Apple snapped out of a recent iPhone sales slump during its summertime quarter

Tech - ABC News - October 31

McDonald’s Seeks to Resolve E. Coli Crisis and Return Focus to Value

The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company said it moved quickly to contain.

Business - The New York Times - October 31

G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions

Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.

Business - The New York Times - October 30

Ford sees another $1 billion EV loss, lowers guidance and its stock falls 6%

Ford Motor Co. reported earnings late Monday, but investors looked past a beat.

Business - MarketWatch - October 28

Thursday Briefing: How Europe Sees the U.S. Election

Plus, the dark side of A.I. companionship apps.

World - The New York Times - October 24

Starbucks shares slide after coffee chain says sales fell again, suspends outlook

The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North American stores.

Business - CNBC - October 23

Why a Focus on Value May Help Fast-Food Chains End 2024 With Renewed Sales Growth

After terrible second-quarter sales and middling-to-poor Q3 results, a recovery for fast-food chains may already be under way.

Business - Inc. - 3 days ago

Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales

Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.

Business - The New York Times - October 17

Saab Sees Sales at Upper End of Guidance as Defense Spending Surges

The Swedish defense company said demand remained high across its business units, but it noted significant strength in its dynamics division, which produces equipment such as ground combat weapons ...

Business - The Wall Street Journal - October 22

Apple sales rise 6%, company seeing early iPhone 16 demand

Apple reported earnings after the bell. Here are the results.

Business - CNBC - November 1

This $4 Billion Mall Deal Could Hit Retailers With Higher Rents

The giant private equity firm Blackstone bought a shopping center landlord, and rents at strip- and mini-malls will likely climb, hitting grocers, pharmacies, and retailers in urban areas.

Business - Inc. - Yesterday

Apple Sales Hit Quarterly Record as iPhone Business Rebounds

Apple reported revenue reached an all-time high for the September quarter, propelled by a modest rebound in iPhone sales that came ahead of its release of new artificial-intelligence tools.

Business - The Wall Street Journal - October 31

Fuel duty frozen but vehicle excise duty surges

Motoring organisations said chancellor’s reversal of planned fuel duty rises was ‘a big relief’

World - Financial Times - October 30

U.S. forgives $4.5 billion in student debt for 60,000 public employees

The Biden administration's latest round of relief should have borrowers learning of their canceled debt in coming weeks.

Intrum seeks U.S. bankruptcy protection to restructure $4.7 billion net debt

Intrum, Europe's biggest debt collector, said on Friday it will file for voluntary Chapter 11 bankruptcy protection in the United States as it seeks to restructure its own finances. The company ...

Sports - Yahoo Sports - October 18

Biden to unveil $3 billion investment in U.S. ports in Baltimore

President Biden will announce initiative to modernize ports across the U.S. and improve working conditions for dockworkers.

Biden Announces $3 Billion to Cut Carbon Emissions at U.S. Ports

On a visit to Baltimore, the president said federal grants would help upgrade port infrastructure at 55 sites nationwide.

Business - Inc. - October 29

"Mornings Memory": Noah Kahan's breakout hit "Stick Season" hits 1.2 billion streams

Two years ago, CBS News introduced us to rising star Noah Kahan and his hit song "Stick Season." Today, the song has gone from 60 million Spotify streams to over 1.2 billion, making it a massive ...

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