By Kylie Madry MEXICO CITY (Reuters) – Used-car startup Kavak is re-concentrating efforts on its home market, a top executive said, following the company’s announcement it would close shop[...]
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November 9, 2023
Sony profit slides on chip slump, keeps PS5 sales target
By Sam Nussey TOKYO (Reuters) -Sony’s operating profit fell 29% in the July-September quarter as the company was hit by a weaker performance at its image sensor and financial divisions. Profit f[...]
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Apple suffers setback in fight against EU’s $14 billion tax order
By Foo Yun Chee and Bart H. Meijer LUXEMBOURG (Reuters) -An EU tribunal made legal errors when it ruled in favour of Apple over a 13-billion-euro ($14 billion) tax order and should review the case aga[...]
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Weight loss drugs transforming healthcare, may help with addiction -Reuters Events
By Julie Steenhuysen and Caroline Stauffer CHICAGO (Reuters) – A new class of weight loss drugs is transforming the U.S. healthcare system in ways that could extend to equally hard-to-treat area[...]
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Marketmind: Oil and bond yields try to find toehold
A look at the day ahead in U.S. and global markets from Mike Dolan With the more substantive of Federal Reserve Chair Jerome Powell’s two appearances this week still to come, markets have stalle[...]
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SoftBank books $5.2 billion quarterly loss as WeWork comes back to bite
By Anton Bridge TOKYO (Reuters) -SoftBank Group booked a $5.2 billion quarterly loss on Thursday, its fourth straight quarter in the red, as the Japanese giant took a hit from the bankruptcy of WeWork[...]
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Nissan and Honda get some relief as weak yen amplifies uptick in sales
TOKYO (Reuters) -Nissan Motor and Honda Motor on Thursday said they expect higher profits this year than previously forecast, a sign of how Japan’s automakers are seeing some benefit from a weak[...]
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Russia’s VTB in Europe changes name as it liquidates
FRANKFURT (Reuters) -The European subsidiary of VTB , Russia’s second-largest bank, is changing its name after its parent refused to allow it to operate under the brand, an executive told Reuter[...]
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Domino’s Pizza Group flags drop in delivery orders amid higher living costs
(Reuters) -Domino’s Pizza Group on Thursday reported a fall in meal deliveries in the third quarter as customers cut back on ordering in as they grapple with higher living costs. Dominos Pizza G[...]
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