British American Tobacco told investors that it had reassessed the “useful economic lives” of some of its brands amid waning sales and a shift toward vaping.
Category: Company Reports
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Is the Holiday Shopping Season Going to Be a Success? The Answer Is Murky.
Black Friday weekend had a decent turnout for retailers, but it’s unclear if the rest of the season will deliver for the industry.
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Red Lobster’s Popular Endless Shrimp Deal Ate Into Its Profits
The all-you-can-eat deal contributed to an $11 million quarterly operating loss.
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Black Friday Isn’t What It Used to Be
Big discounts, many of them online only, start appearing well before Thanksgiving and will run long after. Some people still go to the mall, though.
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Nvidia Triples Quarterly Revenue, but Sales in China Are a Concern
Demand for the company’s A.I. chips remains high, but it said new U.S. export restrictions would hurt it sales to countries like China.
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Retailers Wary of Squeeze on Shoppers Ahead of Key Holiday Season
Consumers have bucked expectations despite high inflation and interest rates, but retailers worry whether they can keep it up through the end of the year.
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Manchester City’s $500 Million Wage Bill Is Largest in Premier League History
The club, which dominates the Premier League, is backed by seemingly limitless cash from its Emirati owner, Sheikh Mansour bin Zayed al Nayhan.
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Sharp Drop in Airfares Cheers Inflation-Weary Travelers
Airlines are starting to offer bargain prices, including to popular overseas destinations like Paris, a sign that they are fighting to fill planes.
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Disney Adds 5 Million Streaming Subscribers
The company is in the midst of a major transformation, exploring options for traditional businesses like ESPN.
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The New York Times Passes 10 Million Subscribers
The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.
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Automakers Delay Electric Vehicle Spending as Demand Slows
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.