Oct 29 (Reuters) – Clorox on Thursday appointed Unilever executive Fabian Garcia as its new chief executive officer effective January 5. Here are more details:- • The bleach maker in May announced Linda Rendle would step down from the role due to health reasons • Rendle will continue to serve in an
By Francesco Canepa and Balazs Koranyi FRANKFURT, Oct 29 (Reuters) – European Central Bank President Christine Lagarde resigned on Thursday, ending months of speculation about her future just as Europe enters a period of rising economic volatility and divisive electoral politics, particularly in her
By Patrick Wingrove and Sriparna Roy Oct 29 (Reuters) – Eli Lilly raised its full-year revenue forecast by $5 billion and beat third-quarter profit estimates on Thursday on booming demand for its injectable weight-loss drugs, partly among older Americans who pay just $50 monthly for them. The Indian
By Mike Dolan Oct 29 (Reuters) – There were few fireworks from the Federal Reserve on Wednesday, with two dissenters to the decision to keep rates unchanged, but there were indications of more hikes to come down the line. Fed Chair Kevin Warsh said financial conditions were tightening but by no mean
By Jacob Bogage and Jarrett Renshaw WASHINGTON, Oct 29 (Reuters) – US President Donald Trump has touted billions of dollars in new factories, energy projects and jobs while campaigning for Republicans in competitive races before the November election, but several projects remain uncertain or years f
By Courtney Rozen WASHINGTON, Oct 29 (Reuters) – Voters in 10 US states will decide on Election Day whether to curb data center development in their communities, as the rapid buildout needed to power the AI boom stirs local opposition. Resistance is especially visible in Ohio, one of the country’s f
Oct 29 (Reuters) – Chipotle Mexican Grill shares rose 7% in premarket trading on Thursday on signs CEO Scott Boatwright’s efforts to bring back diners with new menu launches and a marketing push were paying off. The burrito chain expects to exit the current quarter with comparable sales up around 3%
BEIJING, Oct 29 (Reuters) – Chinese electric vehicle maker BYD reported a smaller-than-expected 28% increase in third-quarter profit on Thursday as intensifying competition at home spread to overseas markets. Net profit rose to 10 billion yuan ($1.50 billion) in the quarter, a stock filing showed, c
LONDON, Oct 29 (Reuters) – British ad group WPP said its turnaround plan was on track on Thursday, reporting a smaller decline in third-quarter like-for-like revenue and highlighting renewed client partnerships with Coca-Cola and DoorDash. • Revenue less pass-through costs of £2.411 billion fell 2.1
By Jacob Gronholt-Pedersen COPENHAGEN, Oct 29 (Reuters) – Danish brewer Carlsberg held its full-year profit guidance on Thursday after third-quarter sales matched expectations, though China remained a weak spot. • “The group delivered robust revenue growth in Q3, reflecting good momentum in many mar
By Shadia Nasralla, Stephanie Kelly and Dimitri Rhodes LONDON, Oct 29 (Reuters) – Shell and TotalEnergies reported on Thursday sharply higher third-quarter profits and raised share buybacks, as war-driven energy prices and record refining margins helped both beat expectations. Shell raised its quart
LONDON, Oct 29 (Reuters) – Britain’s Lloyds Banking Group reported profit before tax for the July-September period of £2.3 billion ($3.1 billion), in line with analysts’ forecasts, up from £1 billion a year ago when it took £875 million in remediation charges. Lloyds shares fell 6% in early trading
Oct 29 (Reuters) – French employee benefits company Pluxee on Thursday delivered earnings for the fiscal year 2026 above market expectations, and said that fiscal year 2027 would be a “transition year” for the group as Brazil’s meal-voucher reform weighs on earnings. The company’s sales for the year
By Rachel More BERLIN, Oct 29 (Reuters) – Volkswagen tumbled further into the red in the third quarter, posting its worst result in over a decade, as the world’s second-largest carmaker battles seismic challenges across key markets and embarks on a major restructuring. Europe’s top automaker reporte
Oct 29 (Reuters) – German sportswear maker Adidas on Thursday said it expected Europe, its largest but worst-performing market, to return to growth in the last quarter of 2026, helped by delayed shipments moving into the period and higher wholesale sell-in. Heavy discounting at many retailers due to
By Emma Rumney LONDON, Oct 29 (Reuters) – Anheuser-Busch InBev on Thursday met forecasts for third-quarter profit even as rising costs dragged on its gains, with the top brewer the latest consumer company to flag growing cost pressures in recent weeks. Consumer goods companies have stepped up their
PARIS, Oct 29 (Reuters) – Renault Group reported a better-than-expected 1.4% rise in third-quarter revenue on Thursday, as higher sales of its popular electric models to retail customers in major markets such as France helped offset lower volumes and price pressure from Chinese competitors. Revenue
TOKYO, Oct 29 (Reuters) – Japanese government bonds (JGBs) were steady on Thursday, a day before the Bank of Japan’s monetary policy decision, while strong demand at an auction of 2-year notes provided support. The market was also buoyed by gains in US Treasuries after the Federal Reserve left inter
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK, Oct 29 (Reuters) – The Federal Reserve kept interest rates steady on Wednesday as expected, but it was not able to comfort bond investors concerned about what a deliberate pace of policy tightening will mean for the outlook for longer-term gov
By Heekyong Yang and Heejin Kim SEOUL, Oct 29 (Reuters) – Hyundai Motor reported a 5.5% rise in third-quarter operating profit on Thursday, as favourable foreign exchange rates helped offset the impact of partial strikes and weaker sales of ageing models. Hyundai, which together with affiliate Kia C
TOKYO, Oct 29 (Reuters) – Toyota Motor said on Thursday that global vehicle sales and production decreased for a third straight month in September, dragged down by declines in China and the Middle East. Here are some details: • The world’s biggest automaker saw global sales decline 2.2% from a year
By Nora Eckert and Nathan Gomes DETROIT, Oct 28 (Reuters) – Ford Motor’s third-quarter core profit increased slightly to $2.7 billion, as the Michigan automaker overcame production struggles with its best-selling F-150 trucks and higher commodity costs. The automaker said on Wednesday it is facing h
By Stella Qiu SYDNEY, Oct 29 (Reuters) – Shares traded erratically in Asia on Thursday as AI-related earnings announcements prompted wildly mixed responses, raising the stakes for Amazon and Intel results due later in the day. Hefty cash burn from Alphabet sent its shares 10% lower in after-hours tr
By Ankur Banerjee and Li Gu SHANGHAI/SINGAPORE, Oct 29 (Reuters) – The euro was steady on Thursday ahead of a policy decision from European Central Bank, where the focus will be on the bond-market turmoil in France, while the dollar wobbled after the Federal Reserve tempered bets on rate hikes next
By Anirban Sen and Edmund Lee NEW YORK, Oct 28 (Reuters) – Truth Social, the social media platform founded by President Donald Trump, has signed up news and data provider Bloomberg and two Wall Street firms for faster access to the president’s posts, which it sells for up to $100,000 a month, accord
By Yuka Obayashi and Trixie Yap Oct 29 (Reuters) – Oil prices fell on Thursday, paring gains made a day earlier, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict. Brent crude futures declined $1.22, or 1.1%, to $114.10
(Corrects production figure in paragraph 3 to clarify that output in Argentina is expected to reach 160,000 metric tons by 2028, not 200,000 metric tons) By Lucila Sigal SAN FERNANDO DEL VALLE DE CATAMARCA, Argentina, Oct 28 (Reuters) – Rio Tinto inaugurated two new lithium plants in Argentina’s mou
Oct 29 (Reuters) – Australia’s corporate regulator is investigating the role of bankers in promoting Nvidia-backed Firmus’ IPO, The Australian reported on Thursday. Here are the details: • The data centre operator shelved its $5 billion IPO on October 9 and had said that it was opting for alternativ
By Jonathan Stempel Oct 28 (Reuters) – Zillow said on Wednesday it will pay $212.5 million in cash to settle a class action accusing the online real estate marketplace of misleading shareholders about its failed Zillow Offers home-flipping venture. The Seattle-based company did not admit wrongdoing
WASHINGTON, Oct 28 (Reuters) – Federal Reserve Chair Kevin Warsh said that he plans to attend a November 16 field hearing of the central bank’s productivity and jobs task force in the San Francisco Bay Area to hear from a broad range of people on questions about technology and productivity and their
