Breaking News
Nov 8, 2022
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Schaeffler AG said it plans to cut 1,300 global jobs and trim overcapacity and cut costs reflecting weak economic conditions.
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Munich Re gained after the reinsurance company reiterated its annual outlook.
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Renault and Google announced a partnership to deliver more cloud computing capabilities in vehicles.
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Lyft September quarter sales rose 22% to $1.05 billion and loss quadrupled to $422 million and active riders rose at the slowest pace in 7 quarters.
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Associated British Foods, the Primark owner, said annual profit increased 45% to
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Deutsche Post said third quarter revenue rose 20% to
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Pandora said sales at its U.S. stores fell 3% in the third quarter but sales were still up 56% from the pre-pandemic third quarter in 2019.
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Tripadvisor plunged after the travel platform operator reported a strong rebound in quarterly revenue and earnings but estimated weaker growth ahead.
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Take Two Interactive dropped 11% after the company estimated a weakness in net bookings in the December quarter and higher annual loss.
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Tesla announced a recall of 40,000 Model S and X vehicles to fix power steering glitches.