Business News
Starbucks plans to launch plant-based breakfast sandwich this year
Starbucks Corp said on Tuesday it would introduce a breakfast sandwich this year with a plant-based patty in the United States and Canada.
Month: January 2020
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Boeing set to report Q4 earnings as 737 MAX mess drags on
Boeing will report earnings as the crisis over the 737 MAX plane continues to overshadow the company. …read more […]
Business News
Pfizer profit misses estimates as revenue falls; plans no 2020 share repurchases
Pfizer Inc on Tuesday reported quarterly profit that fell short of Wall Street expectations for the first time in at least two years, and the drugmaker said it will no longer rely on share repurchases to help drive growth.
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Beyond Meat Products Pulled From Tim Hortons Canada Restaurants
(Bloomberg) — Tim Hortons restaurants have stopped selling Beyond Meat products at its coffee and donut shops across two of Canada’s biggest provinces.The chain had been serving the Beyond Burger and a Beyond Meat breakfast sandwich made with the company’s imitation sausage products. After an initial launch starting in June at nearly 4,000 Canadian locations, the items were scaled back to the provinces of Ontario and British Columbia in September.“We introduced Beyond Meat as a limited time offer. We are always listening to our guests and testing new products that align to our core menu offerings. We may offer Beyond …read more […]
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What to watch in the markets: Wednesday, Jan 29
Yahoo Finance’s Myles Udland highlights the upcoming Fed meeting. …read more […]
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Warren Buffett's Apple Soars on 4th-Quarter Earnings Beat
Tech giant reports iPhone sales that outperformed consensus estimates Continue reading… …read more […]
Business News
How Facebook thinks its independent oversight board should work
Facebook Inc recommended rules on Tuesday for how its independent oversight board will work and said a former human rights group director will lead the board’s administrative staff.
Business News
Facebook VP of engineering Jay Parikh says leaving company
Facebook’s vice president of engineering, Jay Parikh, said in a post on the social network on Tuesday that he was planning to leave the company, marking the exit of another key executive following a string of high-profile departures last year.
Business News
Blink and you miss it: The U.S. yield curve inverts again
A closely watched bond market phenomenon has again flashed yellow, but investors are loathe to give it much weight.
Business News
Airlines cut China flights as companies restrict travel on virus fears
Airlines including United Airlines Holdings Inc said they were canceling some flights to China as demand fell sharply and global companies told their employees not to travel on deepening fears over the spread of a flu-like virus.
Business News
Apple iPhone back to growth after a year’s slump
Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones.
Business News
J.Crew Group appoints former Victoria’s Secret executive as CEO
J.Crew Group Inc on Tuesday appointed former Victoria’s Secret executive Jan Singer as chief executive officer, effective Feb. 2.
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AMD stock stumbles as guidance falls
AMD stocks fell today after it reported its Q4 results. Although it beat on top and bottom lines, guidance fell on revenue for the tech company. Yahoo Finance’s Emily McCormick joins The Final Round to discuss the details of AMD Q4 results. …read more […]
Business News
Starbucks sees hit as coronavirus prompts over 2,000 China store closures
Starbucks Corp on Tuesday became the first major U.S. company to warn of a financial hit from the new coronavirus outbreak in China, as it closed thousands of restaurants and adjusted operating hours in its biggest growth market.
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AMD Projects Quarterly Sales That Fall Short of Estimates
(Bloomberg) — Advanced Micro Devices Inc. gave a lackluster forecast for the current period, suggesting gains against larger chip rival Intel Corp. may take longer than investors had hoped.Revenue in the first three months of the year will be about $1.8 billion, plus or minus $50 million, Santa Clara, California-based AMD said Tuesday in a statement. That would fall short of the average analyst estimate of $1.87 billion, according to data compiled by Bloomberg.AMD also said sales will increase 28% to 30% in 2020. Analysts, on average, projected annual revenue growth of 28%.Shares slipped about 3% in extended trading after …read more […]