Governor Phil Murphy Sees Huge Profit Margin in High Energy Prices for State Finances
TRENTON, NJ – New Jersey’s government bank accounts are about to see a huge increase in tax revenue collected from anyone who pays an electric bill, thanks to a 20% price hike…
Mexico’s Televisa posts 47% jump in Q3 net profit
(Reuters) – Grupo Televisa, Mexico’s largest broadcaster, on Thursday said its third-quarter net profit jumped 47% from a year earlier, boosted by lower financial expenses. The company posted a net profit of…
Mexico’s Alsea posts 83% jump in Q3 net profit
MEXICO CITY (Reuters) – Mexican restaurant operator Alsea reported on Thursday a 83% jump in its third-quarter net profit, hitting 316.7 million pesos ($15.7 million), partly boosted by strong same store sales.…
Mexico’s Cemex posts third-quarter profit after raising prices
By Kylie Madry and Noe Torres MEXICO CITY (Reuters) -Mexican cement producer Cemex posted a profit for the third quarter Thursday on higher prices, though shares slid after it missed core earnings…
Exchange operator CME tops profit views as trading volumes surge
(Reuters) – Futures exchange operator CME Group Inc reported third-quarter profits that beat expectations as volatility in the global markets amid high inflation, aggressive rate hikes and recession fears, drove trading volumes…
Hilton raises annual forecast as profit jumps on strong travel demand
(Reuters) – Hilton Worldwide Holdings Inc on Wednesday raised its annual profit forecast after reporting a spike in third-quarter earnings as consumers eager to travel after the pandemic book flights and hotels…
Mexico’s TV Azteca Q3 net profit falls 96% on higher taxes and expenses
MEXICO CITY (Reuters) – Mexico’s TV Azteca posted a 96% annual fall in its third-quarter net profit on Tuesday, hurt largely by higher income taxes, according to a financial filing. TV Azteca,…
ADM’s profit doubles on high global grain demand
(Reuters) -Grain merchant Archer-Daniels-Midland Co on Tuesday reported a 96% rise in its third-quarter profit, bolstered by high demand and tight global grain supplies. Global grain merchants like ADM tend to thrive…
S.Korea’s POSCO Holdings sees steel demand remaining weak; Q3 profit tumbles
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s POSCO Holdings on Monday forecast weak steel demand would persist into the first half of next year after a price slump and…
Profit Cookers Guarantees 30% Profit to Restaurants
Virtual Restaurant Brand Company Offers Guarantee to Fulfillment Partners Naples, FL (-) Virtual restaurant brands have gained exponential traction and reach since the outset of the pandemic, with existing dine-in restaurants tapping…
Singapore’s quirky car market offers rare profit for some as prices soar
By Chen Lin SINGAPORE (Reuters) – Almost everywhere in the world a new car begins to lose value as soon as it leaves the showroom, except sometimes in the rich little island…
Choppy markets likely to boost profit for U.S. exchange operators
By Manya Saini (Reuters) – Heightened market volatility could prove to be a boon for U.S. exchange operators as higher trading volumes during their third quarter help offset a hit from fewer…
Uniqlo owner set for record annual profit, but all eyes on China showing
By Rocky Swift TOKYO (Reuters) – Japan’s Fast Retailing Co, owner of clothing brand Uniqlo, is expected to post a record annual profit on Thursday as the yen’s slump has boosted the…
Robert Walters reports higher quarterly profit
(Reuters) – British recruitment firm Robert Walters on Tuesday reported a jump in its quarterly gross profit, supported by robust hiring as competition heats up to fill vacancies. The company, which specialises…
Deutsche Post to hike FY guidance after Q3 profit rise
BERLIN (Reuters) – German logistics company Deutsche Post will hike its full-year guidance when it reports third-quarter financial results on Nov. 8, it said on Monday, citing a rise in quarterly profits.…
UK’s Co-op expects inflationary pressures to continue, interim profit slumps
(Reuters) – Britain’s Co-operative Group reported a sharp drop in its interim profit on Thursday, as the supermarkets-to-funerals provider continued to face supply chain snags, and higher wage and energy costs, amid…
Jefferies beats quarterly profit estimates on lift from merchant banking
(Reuters) – Jefferies Financial Group Inc on Wednesday beat analysts’ estimates for third-quarter profit as robust performance in its merchant banking unit helped cushion the blow from sluggish dealmaking. The merchant banking…
U.S. Attorney Urges the Public to Report Suspected Hurricane Fiona Relief Fraud and Cautions Those Who Would Seek to Illegally Profit from this Disaster
SAN JUAN, Puerto Rico – United States Attorney W. Stephen Muldrow of the District of Puerto Rico today urged the public to report suspected fraud schemes related to disaster relief operations and…
All IAG’s airlines to post profit this year, CEO Gallego says
MADRID (Reuters) – All the airlines owned by International Airlines Consolidated Group will end this year with a profit, CEO Luis Gallego said on Wednesday. IAG, which owns British Airways, Iberia, Vueling…
Column-U.S. corporate profit boom reveals more about inflation threat than wages: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – While the Federal Reserve and other central banks obsess over avoiding a 1970s style ‘wage-price’ spiral, U.S. GDP data last week showed that the risk…
Chile’s Falabella reports 51.7% decrease in Q2 net profit
SANTIAGO (Reuters) -Chilean retailer Falabella on Tuesday reported a 51.7% year-on-year drop in its second quarter net profit, hit by increased costs. The company’s profit for the quarter was 65.12 billion pesos…
Gazprom says H1 net profit $41.8 billion, will pay dividends
MOSCOW (Reuters) -Russian gas giant Gazprom made a record 2.5 trillion roubles ($41.75 billion) in net profit in the first half of 2022 and its board recommended paying interim dividends after skipping…
Sinopec’s interim profit soars on stronger oil, gas prices
(Reuters) – China Petroleum and Chemical Corp, or Sinopec Corp, reported interim net income surged 10.4% to a record 43.53 billion yuan ($6.33 billion), thanks to strong oil and gas prices despite…
Australia’s Lynas posts record profit on solid rare earths demand
(Reuters) – Australia’s Lynas Rare Earths posted a record more than three-fold jump in annual profit on Friday, boosted by soaring demand for the specialized metals it mines amid a global push…
TCS, owner of Russia’s Tinkoff Bank, sees H1 profit drop
By Alexander Marrow MOSCOW (Reuters) -TCS Group Holding’s first-half net profit dropped to a five-year low, hit by higher funding costs and conservative provisioning, the owner of Russian online bank Tinkoff said…
Chinese battery giant CATL posts strong Q2 profit on robust EV sales
SHANGHAI (Reuters) – CATL, the world’s largest electric vehicle (EV) battery manufacturer, more than doubled its profit in the second quarter as Chinese authorities rolled out incentives to boost EV sales to…
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