Florida Department of Revenue Operating in New Jersey? Here’s Why
The Florida Department of Revenue (DOR), which oversees tax collection and compliance for the state, operates offices in six states outside Florida — including a location in New Jersey — as part…
Jury Convicts Southern Illinois University-Carbondale Professor of Concealing Foreign Bank Account from the Internal Revenue Service
Benton, Ill. – Dr. Mingqing Xiao, 60, of Makanda, Illinois, was convicted by a federal jury on Wednesday, May 4, 2022, in connection with lying to federal authorities about a foreign bank account in…
Banco BPM lower loan writedown, revenue rise land profit beat
MILAN -Italy’s Banco BPM posted a higher-than-expected first-quarter net profit on Thursday, helped by a combination of higher revenues and lower loan writedowns. Banco BPM, which is Italy’s third-largest bank, said its…
Axa reports 2% rise in first quarter revenue, keeps 2023 targets
PARIS -French insurer Axa on Thursday posted a 2% rise in revenue, with strength in its health and casualty insurance business offsetting weakness in savings. Europe’s second-biggest insurer, behind Allianz, said it…
Loblaw revenue misses estimates on easing demand for groceries, essentials
(Reuters) – Canadian retailer Loblaw Cos Ltd missed Wall Street estimates for first-quarter revenue on Wednesday, signaling that pandemic-led demand for groceries and drugs were waning from its peak. Consumers returning to…
China’s Huawei posts Q1 revenue drop, says handsets now more available
SHENZHEN, China – China’s Huawei Technologies said on Thursday its first-quarter revenues slipped 13.9% from a year earlier, with new business areas yet to reverse the company’s waning fortunes brought about by…
McDonald’s in the spotlight as investors seek details of lost Russia revenue
By Uday Sampath Kumar and Hilary Russ (Reuters) – McDonald’s is poised to take a bigger financial hit from the war in Ukraine and shuttered locations in Russia than any other major…
Getlink first-quarter revenue jumps almost 50% as travel picks up
(Reuters) – The operator of the Channel Tunnel Getlink posted a rise of almost 50% in first-quarter revenue on Thursday, as travel in Europe gradually recovers from the pandemic. “The strong rebound…
United Airlines sees 2nd quarter profit, record revenue on booming travel demand
By Rajesh Kumar Singh CHICAGO – United Airlines Holdings on Wednesday forecast a profit for the second quarter as it expects booming travel demand to generate the highest quarterly revenue in the…
China’s fiscal revenue growth slows in March
BEIJING -The growth of China’s government fiscal revenue slowed in March compared with the first two months of the year, finance ministry data showed on Wednesday, further weighing on a flagging recovery,…
Brazil’s Assai net revenue grows 21% in Q1
(Reuters) – Brazilian cash-and-carry chain Assai reported on Tuesday first-quarter net revenue of 11.443 billion reais ($2.45 billion), 21.1% above the same period from 2021. The figure reflects the high performance of…
Australia’s Lynas posts record revenue on strong demand for rare earths
(Reuters) -Australia’s Lynas Rare Earths on Tuesday posted a record quarterly revenue as demand for the specialized metals it mines surged amid a global push to electrify vehicles and curb carbon emissions.…
TikTok’s ad revenue to surpass Twitter and Snapchat combined in 2022 – report
(Reuters) – Video-sharing app TikTok’s advertisement revenue is likely to triple in 2022 to more than $11 billion, exceeding the combined sales of its rivals Twitter Inc and Snap Inc, according to…
Canada’s CIBC bank CEO urges government to grow revenue via investment than taxation
TORONTO – Canadian Imperial Bank of Commerce (CIBC) Chief Executive Officer Victor Dodig on Thursday called on policy makers to focus on generating revenue by investing in growth rather than through taxation.…
Egypt’s Suez Canal Q1 revenue at $1.69 billion – statement
CAIRO – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority said in…
PlayCanada: Online Casino Revenue Will Dwarf Online Sportsbooks
An analysis of U.S. markets shows that online casinos will be a far bigger winner for Ontario after April 4 launch VANCOUVER, BC, March 31, 2022 — Online casino betting drove 153%…
Citi expects revenue in Brazil to grow 50% over the next 3 years
SAO PAULO – Citigroup Inc expects its revenue in Brazil to grow 50% over the next three years, the chief executive of its local unit said on Tuesday, adding that demand for…
Jackpocket Welcomes Tony Vartanian as Chief Growth and Revenue Officer
Vartanian comes to Jackpocket from Jump Ramp Games, a top 10 app publisher and leading mobile-first performance advertising network. As founder and CEO he scaled the growth and monetization for Jump Ramp’s…
BNY Mellon expects $100-million revenue hit in first quarter from Russia pullback
– Bank of New York Mellon Corp said on Thursday it has paused new banking business in Russia and expects a $100-million revenue impact in the first quarter as it joins a…
With a Two-Year Revenue Growth of over 4200% Percent, Capital Rx Ranks No. 3 on Inc. Magazine’s List of the Northeast Region’s Fastest-Growing Private Companies
Companies on the 2022 Inc. 5000 Regionals Northeast list had an average growth rate of 208% percent. NEW YORK, March 16, 2022 — Inc. magazine revealed that Capital Rx, a healthtech company changing…
Stellantis aims to double revenue to 300 billion euros by 2030
– Stellantis said on Tuesday that it aims to double its net revenues to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins as it manages the shift…
Adecco sees solid growth in 2022 after 2% revenue rise in Q4 2021
ZURICH – Adecco expects “solid revenue growth” at the start of 2022, the temporary staffing and training company said on Thursday, after reporting a 2% increase in revenues during its fourth quarter.…
Deutsche Telekom core profit, revenue beat estimates
STOCKHOLM/BERLIN – Deutsche Telekom reported quarterly core profit and revenue above market estimates on Thursday, boosted by its U.S. unit, T-Mobile along with growth in European business. Adjusted earnings before interest, tax,…
Roku revenue misses on supply chain snags, shares fall 20%
– Roku Inc reported quarterly revenue on Thursday that missed estimates, as the company was hit by supply chain issues that affected sales of television sets and its own streaming devices, sending…
Business Owner Sentenced to 37 Months in Prison for Bribing Former Official at D.C. Office of Tax and Revenue
WASHINGTON – Mohammad Ezazul Hoque, 59, the former owner of several Washington, D.C. restaurants, was sentenced today to 37 months in prison for paying bribes to…
Shopify sees slowing revenue growth, higher spending; shares tank
-Canada’s Shopify Inc on Wednesday forecast a slowing pace of revenue growth in the first half of the year, and said it was ramping up spending on a network of fulfillment centers,…
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