NRG Energy posts Q3 core profit beat, raises annual forecast
(Reuters) – NRG Energy beat third-quarter core profit estimates on Friday due to lower supply costs across its service territories,…
Category: Business
Qualcomm advances on smartphone market revival, Chinese handset launches
(Reuters) -Qualcomm shares rose 4% on Thursday after the chip designer’s strong quarterly revenue forecast fanned investor optimism about a…
Datadog raises annual forecast betting on AI-driven cybersecurity demand
(Reuters) – Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, betting on accelerating demand for…
Vanguard to pay $40 million to mutual fund investors stuck with big tax bills
By Jonathan Stempel (Reuters) – Vanguard Group, the largest U.S. manager of mutual fund assets, agreed to pay $40 million…
Novo Nordisk CFO says 2025 sales could see high-teens percentage growth
LONDON (Reuters) – Novo Nordisk’s sales growth next year could be in the high teens in percentage terms, Chief Financial…
Lyft inks deals with Mobileye, others to bring robotaxis to ridehail platform
(Reuters) – Lyft said on Wednesday it will partner with Mobileye and two other companies in the robotaxi industry to…
Yum Brands reports surprise fall in global sales amid KFC’s struggles in US
(Corrects paragraph 2 to say KFC US same-store sales fell 5%, not 7%) (Reuters) – Yum Brands reported a surprise…
Ford’s US sales rise about 15% in October
(Reuters) – Ford Motor on Monday reported an about 15% rise in U.S. auto sales during October from a year…
China’s BYD boosts production and hiring amid Q3 growth
BEIJING (Reuters) – China’s electric vehicle giant BYD ramped up production by nearly 200,000 units from August to October, while…
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their…