Category Archives:
Activision aims to help UK regulator ‘better understand our industry’
LONDON (Reuters) - "Call of Duty" maker Activision Blizzard said on Wednesday it hoped it could help Britain's competition regulator better understand the gaming industry after it said the acquisition...
Feb 08, 2023
Analysis-Brazil central bank autonomy becomes political punching bag for Lula
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) - Brazil's central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the n...
Feb 08, 2023
Britain says Microsoft’s Activision deal could harm gamers
LONDON (Reuters) - Britain's antitrust regulator said on Wednesday its in-depth probe had found that Xbox maker Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard raised comp...
Feb 08, 2023
Emerson profit rises on robust demand in automation unit
(Reuters) - Industrial conglomerate Emerson Electric Co reported a higher quarterly profit on Wednesday, powered by strong demand for its automation systems in a tight labor market. The company's net ...
Feb 08, 2023
New York Times beats quarterly revenue estimates on subscriber additions
(Reuters) -The New York Times Co beat quarterly revenue estimates on Wednesday as more people subscribed to the newspaper to read about the U.S. midterm elections, offsetting weak digital ad sales. Th...
Feb 08, 2023
Taco Bell powers Yum Brands quarterly same-store sales beat
(Reuters) -Yum Brands Inc beat Street estimates for quarterly comparable sales on Wednesday, as more cash-strapped consumers flocked to its Taco Bell restaurant chain for pocket-friendly meals and sna...
Feb 08, 2023
Ancora secures Ritchie Bros stake, challenges investors opposing $6 billion IAA deal
By Svea Herbst-Bayliss NEW YORK (Reuters) - Ancora Group Holdings, a key shareholder in U.S. auto retailer IAA, has accumulated a 0.5% stake in Canada's Ritchie Bros Auctioneers and is publicly challe...
Feb 08, 2023
Under Armour raises annual profit forecast as discounts spur demand
(Reuters) - Under Armour Inc raised its annual profit forecast on Wednesday as deep discounts on the company's athletic apparel helped reel in shoppers during the holiday season. Shares of the company...
Feb 08, 2023
Uber sets sights on profits in 2023 as pandemic pain eases
(Reuters) - Uber Technologies Inc on Wednesday set its sights on delivering profits this year after rounding off 2022 with blow-out earnings as a surge in demand for airport and office rides helped th...
Feb 08, 2023
Michael Kors owner Capri cuts annual sales forecast, shares plunge 17%
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its full-year sales and profit forecasts on Wednesday, hurt by a surge in COVID-19 infections in China, as well as a slowdown in demand for luxury ...
Feb 08, 2023
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