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…
Baker Hughes raises full year revenue forecast on demand for LNG equipment
By Arathy Somasekhar HOUSTON (Reuters) -Oilfield and liquefied natural gas supplier Baker Hughes on Thursday raised its full year revenue forecast, primarily on strong demand for its liquefied natural gas (LNG) equipment.…
Data center firm Equinix trims annual revenue forecast on weak corporate spending
(Reuters) – Data center company Equinix trimmed its annual revenue forecast on Wednesday on worries that a tough macroeconomic environment would prompt companies to scale back their plans for cloud-based infrastructure. The…
China Jan-Sept fiscal revenue growth slows amid shaky recovery
BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky ground. Fiscal…
Australia’s Santos posts over 7% sequential rise in quarterly revenue
(Reuters) – Australia’s Santos Ltd on Thursday reported a 7.5% rise in third-quarter revenue from the preceding quarter, helped by increased crude oil volumes and higher prices. The country’s No. 2 independent…
Disney to break out sports revenue in financial reports
(Reuters) – Walt Disney will break out its sports programming revenue from the fourth quarter onwards following a restructuring of the company announced earlier this year, the media firm said on Wednesday.…
Justice Department Announces Court-Authorized Action to Disrupt Illicit Revenue Generation Efforts of Democratic People’s Republic of Korea Information Technology Workers
On Oct. 17, pursuant to a court order issued in the Eastern District of Missouri, the United States seized 17 website domains used by North Korean information technology (IT) workers in a…
Top Treasury lawyer sees Brazil beating revenue outlook for tax disputes
By Marcela Ayres and Bernardo Caram BRASILIA (Reuters) – Nearly 40% of the extra revenue that Brazil’s government needs to erase its budget deficit next year hinges on one strategy: the Brazilian…
US ad revenue at Musk’s X declined each month since takeover -data
By Sheila Dang (Reuters) – Monthly U.S. ad revenue at social media platform X has declined at least 55% year-over-year each month since billionaire Elon Musk bought the company formerly known as…
JetBlue cuts revenue forecast due to weather disruptions, staffing gaps
(Reuters) – U.S. carrier JetBlue Airways warned on Thursday it expects third-quarter revenue to be at the low end of its prior forecast due to a bigger hit from weather-related disruptions and…
Marriott projects upbeat revenue per room growth as travel demand stays strong
(Reuters) – Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6% by 2025, as the hotel operator expects resilient international travel demand. A…
New IMF funds for Sri Lanka may face delay after review sees revenue shortfall
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9 billion bailout package, due to a potential…
Candy Crush Saga hits $20 billion revenue milestone, maker King says
By Paul Sandle LONDON (Reuters) – Candy Crush Saga, the matching game played by millions on their commute, has reached $20 billion in revenue since its 2012 launch, maker King said, adding…
Brazil’s federal tax revenue down in August for third straight month
BRASILIA (Reuters) – Brazil’s federal tax revenue fell for a third consecutive month in August, highlighting challenges faced by the government in improving public finances while relying on increased collection. Total tax…
UAE’s total revenue rose 32% in 2022
DUBAI (Reuters) – The United Arab Emirates (UAE) saw revenue increase 31.8% in revenue in 2022, its finance minister said on Sunday, supporting an overall fiscal surplus last year. One of the…
Birkenstock reveals 21% revenue jump in updated financials ahead of IPO
(Reuters) – German premium footwear maker Birkenstock Holding’s revenue jumped 21% in the nine months ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday. The…
China’s Jan-Aug fiscal revenue growth slows despite policy support
BEIJING (Reuters) – China’s fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as the economy showed signs of stabilisation in…
China’s August land sale revenue falls for 20th straight month
BEIJING (Reuters) – China’s government land sales revenue fell for the 20th consecutive month in August, data from the finance ministry showed on Friday, signalling more pressure on local governments with deepening…
Lazard’s next CEO Peter Orszag plans to double revenue by 2030
By Lananh Nguyen NEW YORK (Reuters) – Two weeks before Peter Orszag takes the helm as CEO of Lazard, he is already setting an ambitious goal for the investment bank to double…
SpaceX’s Starlink falls short of growth expectations despite revenue surge – WSJ
(Reuters) – SpaceX’s satellite internet venture Starlink posted a more than six-fold surge in revenue last year to $1.4 billion, but fell short of targets set by CEO Elon Musk, the Wall…
Turkey to seek more revenue outside budget, including privatisation -Simsek
ISTANBUL (Reuters) – Finance Minister Mehmet Simsek said on Monday that Turkey’s government would seek further revenues outside the budget, including from privatisation, and that quantative tightening will be carried out if…
China’s Didi Q2 revenue grows as regulatory curbs ease
BEIJING (Reuters) – Revenues at China’s Didi Chuxing rose 52.6% for the April-June quarter from a year earlier to 48.8 billion yuan ($6.65 billion, as the ride-hailing firm emerged from a regulatory…
US furniture retailer RH shares tumble as slowing sales prompt dour revenue forecast
By Chibuike Oguh NEW YORK (Reuters) – Shares of U.S. home furniture retailer RH dropped more than 15% on Friday after the company warned that slower quarterly sales would result in disappointing…
SLB to add $5 billion in revenue this year, sees similar growth in 2024
HOUSTON (Reuters) – SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets,…
South Africa plans cost-cutting measures as revenue falls
JOHANNESBURG (Reuters) – South Africa’s National Treasury said it will implement a number of cost-cutting measures to rein in government spending, including a hiring freeze, after a shortfall in revenue collection. The…
PwC Australia flags revenue hole, partner profit cut due to tax scandal legacy
By Lewis Jackson SYDNEY (Reuters) – PwC Australia on Friday said the spin-off of its government consulting business and other costs from a tax scandal will leave a double-digit revenue hole and…
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