Lowe’s boosts 2022 profit view as price hikes, firm demand drive upbeat Q3
Lowe’s Cos Inc (LOW.N) raised its annual profit forecast on Wednesday, betting on record consumer savings and rising mortgage rates to fuel home improvement trends…
Category: Business
Tencent to hand $20 bln Meituan stake to shareholders as sales slip
China’s Tencent Holdings (0700.HK) said on Wednesday it would return capital to shareholders through a dividend distribution of its $20.3 billion stake in food delivery…
Musk’s all-nighters at Twitter raise concern for Tesla investors
In 2018, Elon Musk was working through the night and sleeping at Tesla Inc’s (TSLA.O) factories in California and Nevada as the company struggled to…
U.S. manufacturing output barely rises; prior months revised down
Production at U.S. factories barely rose in October and output in the prior two months was not as strong as initially thought, suggesting that manufacturing…
FTX’s Bahamas unit seeks Chapter 15 bankruptcy protection
FTX’s Bahamas unit, FTX Digital Markets, is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, a court…
Hormel meat labeling case shows U.S. rules need reform
Hormel Foods’ labeling of a meat product line as “natural” despite using the same hogs and production methods as its other brands shows the U.S.…
Intel hit with $949 mln U.S. verdict in VLSI computer chip patent trial
A federal jury in Texas on Tuesday said Intel Corp (INTC.O) must pay VLSI Technology LLC $948.8 million for infringing a VLSI patent for computer…