Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
United Rentals beats profit estimates on strong equipment demand
(Reuters) - Equipment rental company United Rentals on Wednesday beat estimates for third-quarter profit on strong demand for industrial tools as spending on infrastructure and construction projects r...
Oct 25, 2023
Australia’s Westpac warns of $109 million hit to fiscal 2023 profit from one-off items
(Reuters) -Australian lender Westpac Banking on Thursday forecast a hit of A$173 million ($109 million) to its net profit in fiscal 2023 due to certain one-off items, including the sale of its asset m...
Oct 25, 2023
Ameriprise Financial profit rises as AUM, client assets climb
(Reuters) - Financial adviser Ameriprise Financial on Wednesday reported a jump in third-quarter adjusted profit, helped by higher client assets and a boost in its assets under management. Total clien...
Oct 25, 2023
UFC owner Endeavor announces review of strategic options
(Reuters) - Sports behemoth Endeavor Group Holdings said on Wednesday it has begun a formal review to evaluate strategic alternatives for the company, but would not consider the sale or disposition of...
Oct 25, 2023
Facebook-parent Meta beats revenue estimates, forecasts additional spending
(Reuters) -Meta Platforms beat expectations for third-quarter revenue on Wednesday, while warning of additional spending and regulatory pressures ahead for 2024. The social media giant said it expecte...
Oct 25, 2023
Choice Hotels asks Wyndham to engage in merger talks
(Reuters) -Choice Hotels said on Wednesday that it had asked the board of U.S. budget hotel operator Wyndham Hotels and Resorts to engage in merger talks. This comes about a week after Wyndham rejecte...
Oct 25, 2023
IBM’s quarterly revenue beats estimates on resilient software, strong mainframe
By Chavi Mehta (Reuters) - IT software and consultancy services provider IBM reported third-quarter revenue slightly above Wall Street targets on Wednesday, buoyed by stable demand for its software so...
Oct 25, 2023
‘Barbie’ boom helps Mattel lift annual profit target after bumper sales
(Reuters) - Mattel smashed third-quarter results estimates on Wednesday and lifted its annual earnings forecast ahead of the key holiday season, as the toymaker benefited from the box-office success o...
Oct 25, 2023
Saudi non-oil GDP seen at around 6% in 2023 and beyond -finance minister
RIYADH (Reuters) - Saudi Arabia's non-oil gross domestic product (GDP) is expected to grow by around 6% this year, the kingdom's finance minister said on Wednesday, adding he expected it would continu...
Oct 25, 2023
Ackman’s bet against US Treasuries pays off with $200 million profit
By Svea Herbst-Bayliss NEW YORK (Reuters) - Billionaire hedge fund manager Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds,...
Oct 25, 2023
