(Reuters) – General Mills Inc has paused advertising on Twitter, a company spokesperson said on Thursday, days after the social media platform was acquired by billionaire Elon Musk for $44 billion. “We will continue to monitor this new direction and evaluate our marketing spend,” the spokesperson added. The company, known for its Cheerios and Lucky …
Cheerios maker General Mills pauses advertising on Twitter Read More »
(Reuters) -Warner Bros Discovery posted a quarterly loss on Thursday, reflecting ongoing restructuring costs, even as the debut of HBO’s fantasy series “House of the Dragon” marked the most-watched series premiere in the network’s history. It posted a loss of $2.3 billion, or 95 cents a share, in the third quarter, a figure that includes …
Warner Bros Discovery reports third-quarter loss of $2.3 billion Read More »
By Ruhi Soni (Reuters) – Agricultural chemical and seed company Corteva Inc on Thursday posted a narrower third-quarter adjusted loss on demand from farmers looking to maximize yields, at a time of low global grain supplies. Operating loss was 12 cents per share in the July-September quarter, from 14 cents per share a year earlier. …
Corteva third-quarter loss narrows on demand for agricultural products Read More »
By Steve Scherer OTTAWA (Reuters) – Canada will introduce tax credits for clean technologies worth up to 30% of investment costs in a bid to close competitive gaps with the United States in scaling up green technologies, the government said on Thursday. It will also launch a growth fund, first announced in April, by the …
Canada to set up tax credits for clean tech, launch growth fund Read More »
By Deena Beasley (Reuters) -Biotechnology company Amgen Inc on Thursday said its third-quarter revenue rose 1% as higher volume growth for its cancer, rheumatology and cardiovascular products was offset by lower prices and foreign exchange losses. The company also said data from a Phase I study of its potential obesity treatment AMG133 will be presented …
Amgen posts higher profit, says obesity drug data coming next month Read More »
By Julie Gordon and Steve Scherer OTTAWA (Reuters) -Canada on Thursday set out billions in new spending to support low income workers and make student loans interest free, dipping into a tax revenue windfall to pay for the measures while promising not to make the central bank’s job harder. Finance Minister Chrystia Freeland outlined C$11.3 …
Canada pledges new spending, promises not to fuel inflation Read More »
TORONTO (Reuters) – Canadian Finance Minister Chrystia Freeland on Thursday unveiled an economic update, slashing 2023 real GDP forecast to 0.7%, but said the economy would avoid a recession, while announcing C$11.3 billion ($8.2 billion) in new spending this fiscal year and next. The so-called Fall Economic Statement also proposes a refundable tax credits for …
Canada cuts 2023 GDP forecast but says economy to avoid recession Read More »
(Reuters) -U.S. authorities are investigating whether executives have been gaming prearranged stock-sale programs designed to thwart the possibility of insider trading, Bloomberg News reported on Thursday citing people familiar with the matter. The U.S. Securities and Exchange Commission and the Justice Department are concerned some people may be manipulating stock-sale programs, which are intended to …
U.S. probes insider trading in pre-arranged executive stock sales -Bloomberg News Read More »
(Reuters) -PayPal Holdings Inc lowered annual revenue in anticipation of a broader economic downturn that could affect consumer spending, sending shares of the online payments company down 11% in extended trading on Thursday. The forecast of 10% growth in annual revenue on an adjusted basis compared to 11% earlier, echoes Mastercard’s warning of fourth-quarter revenue …
PayPal slides after forecasting lower annual revenue Read More »
By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks Corp topped Wall Street estimates for quarterly comparable sales on Thursday, as demand in North America for pricier drinks remained strong and declines in China were not as bad as feared. Shares in the Seattle-based company rose about 1.5% in after-market trading. While restaurants such as …
Starbucks beats quarterly sales estimate on pricey drinks, China market Read More »
