Feb 08, 2024
Amazon, BMW win lawsuit in Spain against counterfeiters

MADRID (Reuters) - Amazon and German car maker BMW have won a lawsuit in Spain against four sellers of counterfeit BMW merchandise, the U.S. online retailer said in a statement on its website on Thursday. The two companies identified the…

Feb 08, 2024
Harley-Davidson forecasts 2024 motorcycle revenue below estimates

By Kannaki Deka (Reuters) -Harley-Davidson on Thursday forecast full-year revenue for its motorcycle segment to be flat to down 9% from a year earlier, largely below analysts' expectations, as a cutback in consumer spending pressured demand for its iconic vehicles…

Feb 08, 2024
Arm shares soar as AI-fueled boom brightens growth prospects

By Samrhitha A (Reuters) -Arm Holdings shares surged more than 55% on Thursday, on track for their best day since a blockbuster market debut in September, powered by strong forecasts on demand for its technology to design chips for artificial…

Feb 07, 2024
Snap slumps as ad sales lag larger rivals

By Samrhitha A (Reuters) -Snap slumped more than 32% on Wednesday after fourth-quarter revenue missed Wall Street expectations, with the company struggling to compete for advertising dollars against heavyweights such as Meta and Alphabet. The Snapchat owner's results are in…

Feb 07, 2024
Hilton Worldwide 2024 profit forecast hit by normalizing travel

By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Hilton Worldwide on Wednesday forecast full-year profit that fell short of lofty market expectations as travel demand normalizes after beating analysts' estimates for fourth-quarter earnings. U.S. hotel operators benefited from pent-up leisure travel…

Feb 07, 2024
US FDA finds control lapses at Catalent plant being sold to Novo

By Patrick Wingrove (Reuters) -U.S. drug regulators in November found quality control lapses at the Bloomington, Indiana factory of contract drug manufacturer Catalent, including discovery of a "pest" on the manufacturing line, according to an inspection report. Novo Holdings, the…

Feb 07, 2024
Bottler Coca-Cola HBC names insider Stamoulis as CFO

(Reuters) - Bottling firm Coca-Cola HBC on Wednesday named company veteran Anastasis Stamoulis as its chief financial officer, succeeding Ben Almanzar who would step down from the role in the second quarter of 2024. The appointment of Stamoulis, who has…

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