UAW, U.S. dealers increase criticism of Stellantis CEO over cuts, sales declines

Stellantis Says Moving Quickly to Cut U.S. Inventories

Stellantis said third-quarter group shipments fell 20% on the year as the company works to reduce the number of cars stocked at U.S. dealers and as it suffered from gaps in its product line-up ...

Business - The Wall Street Journal - October 31

Jeep maker Stellantis reports 27% drop in sales

Stellantis reported a 20% drop in its shipments driven by major slumps in both Europe and North America

Business - MarketWatch - October 31

Stellantis Plans to Cut 1,100 Jobs at U.S. Jeep Plant

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.

Business - The Wall Street Journal - Yesterday

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

Business - CNBC - October 29

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

Roche Increases Dividend on Higher Sales

Roche said it would increase its dividend after its hemophilia injection Hemlibra and multiple sclerosis treatment Ocrevus lifted sales in the first nine months of the year.

Business - The Wall Street Journal - October 23

Stellantis Car Deliveries Slump on U.S. Woes

Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.

Business - The Wall Street Journal - October 16

Stellantis workers march in Italy over production slump

World - Yahoo News - October 18

After Decades of Increases, CEO Pay Dipped in 2023

An annual study of chief executive compensation found average pay dropped nearly 20 percent last year, reflecting a reduction of stock options in their pay packages.

Business - Inc. - October 17

Chrysler and Jeep maker sees North American deliveries dive 36%

Europe’s largest car manufacturer Stellantis reported a 20% drop in shipments and a 15% drop in sales in the third quarter of 2024

Business - MarketWatch - October 16

McDonald’s suffers second straight decline in quarterly sales

US fast-food chain hit by weakness in international markets as it promotes more discount meals

Business - Financial Times - October 29

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

Stellantis Expands Mexico Factory to Build More Ram Pickups Outside the U.S.

Such a step by the automaker would threaten its already-frayed relationship with the UAW, which has criticized moves to cut U.S. jobs.

Business - The Wall Street Journal - October 15

China's September Auto Sales Reverse Five-Month Declines

China’s passenger-vehicle sales rose in September, reversing five months of declines thanks to supportive government policies and improving consumer sentiment.

Business - The Wall Street Journal - October 12

McDonald’s posts biggest decline in global sales in four years

Amid sluggish spending in US, Europe and China, sales fell by 1.5% between July and September. McDonald’s has posted another bigger than expected drop in sales as demand continues to slow, despite ...

World - The Guardian - October 29

Can Nashville Persuade Voters That a Sales Tax Increase Is Worth the Price?

Desperate to compete with other growing cities, Nashville’s leaders are trying once again to convince voters that a sales tax increase is worth the price.

Top stories - The New York Times - 4 days ago

As the Fed cuts rates, here’s which CDs are actually increasing their APYs

The general trend since September has been lower CD yields, but some are going in the opposite direction

Business - MarketWatch - 15 hours ago

Democrats knock McDonald’s over price increases

A group of Democratic senators knocked McDonald’s over its price increases and its “dominant market position” as the largest fast-food chain across the country. In a letter sent to McDonald’s ...

Politics - The Hill - October 22

GSK cuts vaccine sales target on reduced demand

U.K. drugmaker GSK on Wednesday cut its vaccine sales guidance for the year after what it called lower-than-expected demand.

Business - MarketWatch - October 30

Honda Motor Cuts Forecasts for Car Sales, Profit

The Japanese automaker cut its annual forecasts for car sales and net profit after posting a drop in first-half earnings due partly to weakness in its auto business in China.

Business - The Wall Street Journal - 3 days ago

Pfizer CEO defends performance after Starboard activist criticism

Drugmaker boosts full-year sales and profit forecasts after reporting better than expected earnings

Business - Financial Times - October 29

Dodge maker Stellantis posts 27% drop in revenues, flags progress in slashing U.S. inventories

Auto giant Stellantis on Thursday reported a 27% decline in third-quarter revenues, but said it was making headway in addressing operational issues like U.S. inventories.

Business - CNBC - October 31

Netanyahu holds emergency meeting on Gaza aid as U.S. ramps up pressure

Some 41% of people in Gaza will face "catastrophic" levels of hunger in the coming months, a global authority on food security warned Thursday.

Blinken Renews Push for Middle East Truce, and U.S. Abortions Increase

Plus, a radical approach to flooding in England.

Top stories - The New York Times - October 23

Chipotle’s new CEO maintains focus on faster service as sales fall short

Shares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the Mexican fast-casual chain reported quarterly sales trends that were a bit weaker than expected.

Business - MarketWatch - October 30

Italian autoworkers go on strike, as troubled Stellantis faces pressure over production plans

Workers in Italy’s troubled automotive sector are holding a national strike for the first time in 20 years, with a massive demonstration crossing the center of Rome

World - ABC News - October 18

Stellantis recalls nearly 34,000 Ram 1500 pickups over damaged wheel hub

Damaged wheel hub encoder ring could disable vehicle's electronic stability control system, increasing crash risks.

Yen resumes decline on doubts over Japan interest rate rises

Currency sinks below ¥150 against US dollar for first time since August surge

World - Financial Times - October 19

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Carmaker to slash global production capacity by a fifth in emergency turnaround plan

World - Financial Times - Yesterday

Kimberly-Clark’s stock falls after sales fall short, with declines in tissues and personal care

Shares of Kimberly-Clark Corp. fell 3.1% in premarket trading Tuesday, after the parent of consumer brands including Huggies diapers, Kleenex tissues and Scott toilet paper reported third-quarter ...

Business - MarketWatch - October 22

Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.

Business - CNBC - 3 days ago

Reeves 'not immune' to criticism over NI hike

The chancellor defends the rise in employer contributions telling BBC public finances had to be strengthened.

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

U.K. government bond yields hit 2024 highs as traders balk at increased debt sales

Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.