U.S. Business Inventories Rise In Line With Estimates In September

Business inventories in the U.S. increased in line with economist estimates in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories rose by 0.3 percent in September after climbing by 0.5 percent in August. Economists had expected inventories to rise by 0.3 percent. The increase in business inventories […]

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LANXESS Q3 Profit From Cont. Ops. Rises; Sales Up 4.4% – Quick Facts

LANXESS (LNXSF.PK) reported that its third-quarter net income from continuing operations increased to 80 million euros from 55 million euros, prior year. The company noted that, in the same quarter in 2017, net income had been affected by exceptional charges relating to the consolidation of the production network. EBITDA pre exceptionals improved by 1.5 percent to 277 million euros compared […]

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China auto sales fall in October, deepening slump

China's auto sales sank for a fourth month in October as an unexpectedly painful slump in the global industry's biggest market deepened. Continue Reading Below Purchases of SUVs, sedans and minivans contracted 13 percent from a year earlier to just over 2 million units, the China Association of Auto Manufacturers reported Friday. Auto demand had been forecast to weaken after […]

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Carlsberg sales boosted by warm weather in Europe

Danish brewer Carlsberg says its third-quarter revenue rose on strong beer sales across its major markets, boosted by unusually hot weather in western Europe. The company said Thursday its sales increased 7.4 percent to 17.6 billion kroner ($2.7 billion) from 16.4 billion kroner a year earlier. Continue Reading Below Carlsberg didn't publish net income figures for the three-month period but […]

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Yum tops key 3Q sales estimates at KFC, Taco Bell

Yum Brands topped key sales estimates during the third quarter on growth in its KFC and Taco Bell restaurants. Continue Reading Below The results helped push shares higher in premarket trading Wednesday. The Louisville, Kentucky-based company said profit rose 8.6 percent to $454 million, or $1.40 per share. Excluding special charges and costs, Yum Brands earned $1.04 per share, topping […]

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BP Plc Q3 RC Underlying Profit Surges; Tops Estimates – Quick Facts

BP PLC (BP.L,BP_UN.TO,BP) reported Tuesday that its third-quarter profit before taxation surged to $5.44 billion from $2.96 billion in the same period last year. Attributable profit for the quarter was $3.35 billion, up sharply from $1.77 billion last year. The third-quarter replacement cost or RC profit was $3.09 billion, up from $1.38 billion in the year-ago quarter. After adjusting for […]

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Snap CEO promotes sales executive, then changes his mind: Report

Snap Chief Executive Evan Spiegel recently made a major personnel decision, but then changed his mind. Continue Reading Below The company’s Vice President of U.S. Sales Kristen O’Hara, was tapped by Spiegel to become Snap’s chief business officer. Spiegel alerted O’Hara’s direct reports about the move. The promotion lasted two days, according to Bloomberg. That’s when Spiegel rescinded the promotion […]

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U.S. October auto sales seen down slightly: consultants

DETROIT (Reuters) – U.S. auto sales likely fell slightly in October from a year earlier, when replacement demand following hurricanes Harvey and Irma boosted business, industry consultants J.D. Power and LMC Automotive said on Monday. “The year-over-year comparison is difficult as sales in October last year were inflated by vehicle replacement demand associated with Hurricanes Harvey and Irma,” Thomas King, […]

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PUMA Q3 Profit Rises; Slightly Adapts 2018 Guidance – Quick Facts

PUMA (PMMAF.PK) reported that its third-quarter net earnings increased to 77.5 million euros from 62.1 million euros, previous year. Earnings per share were up to 5.18 euros from 4.16 euros. The operating result (EBIT) rose by 28.4% to 129.9 million euros from 101.2 million euros due to sales growth combined with an improved gross profit margin. For the third quarter […]

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