Ray-Ban Maker EssilorLuxottica Posts Revenue Increase But Misses Expectations
The Franco-Italian eyewear group’s revenue rose 4% in the third quarter, helped by sales of smart glasses. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Basic Materials Roundup: Market Talk
Find insight on Mondi, BHP, International Paper and more in the latest Market Talks covering Basic Materials. Source link
Energy & Utilities Roundup: Market Talk
Find insight on Woodside Energy, Mercury NZ, Contact Energy and more in the latest Market Talks covering Energy and Utilities....
Auto & Transport Roundup: Market Talk
Find insight on Uber, CSX and more in the latest Market Talks covering the Auto and Transport sector. Source link
Financial Services Roundup: Market Talk
Find insight on Hong Kong Exchanges & Clearing, St. James’s Place, Man Group and more in the latest Market Talks...
Brian Williams to Host Live Election-Night Special on Amazon Prime Video
The one-night special marks the streaming service’s first foray into original live-news programming. Source link
Elevance Shares Dive After Insurer Faces 'Unprecedented' Medicaid Challenge
The company’s earnings missed expectations, the latest sign of how medical expenses are squeezing insurers’ government businesses. Source link
McKinsey Cuts Hundreds From China Workforce
The consulting firm is cutting back on state-linked clients and is working to separate its China operations Source link
At Tesla, Musk Taps Close Confidant for Top Executive Role
Omead Afshar, who used to work in the office of the CEO, has moved into a vice president role with...
PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550...
Ski-Doo Maker BRP Looks to Shed Struggling Marine Brands
Sea-Doo and Ski-Doo maker BRP said it intends to sell off the majority of its marine businesses, which have been...
AI Boom Is Real—and Really Profitable—Says Chip Maker TSMC
The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year. Source link
Easing Food Prices Aren't Enough for Pinched Shoppers, Nestlé Says
Nestlé lowered its sales expectations for the second time this year as the food giant offers greater discounts to lure...
China Considering Higher Tariffs on Car Imports
China said it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the EU voted to increase...
Nokia Tempers Earnings Expectations After Sales Fail to Recover
Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and...
Entain Raises Full-Year Guidance After Results Exceed Expectations
Ladbrokes owner Entain raised its full-year guidance and reported third-quarter results that exceeded its own expectations, helped by growth in...
Airbus to Shed 2,500 Jobs in Embattled Defense and Space Division
The cuts come as the company battles with delays, increased costs and competition from the likes of SpaceX. Source link
Musk's SpaceX Sues California Regulator, Alleging Political Bias Over Rocket Launches
The suit, filed Tuesday in California’s central district, marks the billionaire’s latest volley in a long-running feud with the Golden...
Lithium Americas Says GM Boosts Investment in Lithium Project
Canada’s Lithium Americas said General Motors will boost investment in the miner’s Thacker Pass project, which produces the critical ingredient...
Lufthansa Fined $4 Million for Stopping 128 Jewish Passengers From Boarding Flight
The Transportation Department said the fine is the largest it has issued against an airline for civil-rights violations. Source link
