Sales in alternative revamp for TIM could raise at least 16 billion euros

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo)’s (TIM) domestic retail business and its Brazilian unit could raise at least 16 billion euros ($16.96 billion), a former senior executive of the phone group said in an interview published on Thursday. The sales … Read more

Electric cars now make up a fifth of California’s auto sales

In the first nine months of 2023, electric vehicles accounted for 21.5% of cars sold in California, a figure that’s more than doubled in the last two years. When combined with hybrid, plug-in hybrid and fuel-cell vehicles, the year-to-date figure is 35.4%. California has long been a champion of electric cars, and Gov. Gavin Newsom … Read more

Early Black Friday AirPod Sales and Deals

If you’re in the market for Apple AirPods, then Black Friday is coming early this year. Black Friday deals for 2023 officially start on November 24. However, some retailers are offering early opportunities to snag cheap AirPods before the holiday rush.We’ve compiled a look at the best AirPod deals currently available at major retailers and … Read more

AMD rises as AI chip sales prediction bodes well for rivalry with Nvidia

The logo of semiconductor company Advanced Micro Devices Inc (AMD) is seen on a graphics processing unit (GPU) chip in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photojumped nearly 6% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch up with market … Read more

Slow Pizza Hut sales in the U.S. weigh on Yum Brands’ revenue

Sign for the food brand Pizza Hut on 30th May 2022 in Birmingham, United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images)Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $1.71 billion vs. $1.77 billion expected The restaurant company reported third-quarter net income … Read more

Taco Bell parent Yum Brands tops quarterly same-store sales estimates

A Taco Bell order and drinks sit inside the first digital-only U.S. location at Times Square in New York City, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Photoon Wednesday topped Wall Street estimates for quarterly sales as inflation continues to weigh on budgets, prompting more consumers to turn to Taco Bell and Pizza Hut for cheaper … Read more

Japanese automaker Toyota’s profits zoom on cheap yen, strong global sales

FILE – A Toyota logo is shown at the North American International Auto Show in Detroit, on Sept. 13, 2023. Toyota’s July-September profit jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. A cheap yen is a plus for Japan’s … Read more

Stellantis 3Q Revenue, Shipments Rise But Strike Cost $3.18 Bln in Sales — Update

Stellantis’s third-quarter revenue and vehicle shipments rose but said that lost production from the strike in the U.S. translated to a significant sales hit. The Netherlands-based maker of Jeep, Dodge and a dozen other brands said on Tuesday that revenue reached 45.10 billion euros ($47.88 billion) compared with EUR42.10 billion in the third quarter of … Read more

AB InBev earnings climb but Bud Light backlash still weighs on North American sales

FILE-Cans of Bud Light chill in a refrigerator in Oakland, Calif., Friday, April 28, 2023. AB InBev reports earnings on Tuesday, Oct. 31. (AP Photo/Jeff Chiu)Anheuser-Busch Inbev said Tuesday that revenue growth in most of its global regions was offset by a drop in North American sales, in a sign of continuing fallout from a … Read more

AB InBev Sticks to Profit Forecast Despite Bud Light Hit to U.S. Sales

Anheuser-Busch InBev reported a rise in revenue and stuck to its full-year guidance on Tuesday despite a hit to U.S. sales as some drinkers boycotted Bud Light. AB InBev (ticker: BUD) reported underlying earnings per share of 86 cents on sales of $15.57 billion for the September quarter. Analysts had expected the beer company to … Read more