DIRS.INFO The most relevant business & tech news

☆ A modern etiquette guide for group chats
▼ + stars: | 2023-11-09 | by ( Michael Venutolo-Mantovani | ) www.businessinsider.com time to read: +14 min

A recent poll of 1,005 US adults found the average American spends 26 minutes a day reading and responding to group chats. For us to survive and thrive as humans, it's time to agree on the Definitive Etiquette of the Group Chat. The ultimate appeal of group chats — their necessity, really — is that they've become the only social media that's actually social. Group chats can become overwhelming, of course, especially as they creep into other apps and especially as they often duplicate participants. Don't talk about the group chat outside the group chat.

Persons: who's, Sam Bankman, Fried, siphoning, Emily Post, they've, Mark Zuckerberg, Twitter, Hua Hsu, e Organizations: Bank, Democratic, Street, Wall, Mets, New York Giants, Facebook, Adidas, Nazi, Yorker Locations: Bankman, Silicon, Indonesia, American, Business, Politics, Netherlands, Rome, Tucson, le

☆ Here are Thursday's biggest analyst calls: Nvidia, Disney, Tesla, Instacart, Arm, Rivian, Target & more
▼ + stars: | 2023-11-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs initiates Apellis Pharmaceuticals as buy Goldman initiated the biotech company with a buy and says it sees "continued execution." Bank of America reiterates Disney as buy Bank of America said it's standing by its buy rating after Wednesday's earnings report. Goldman Sachs reiterates Arm as overweight Goldman said it's sticking with its buy rating after the stock's earnings report on Wednesday. Goldman Sachs reiterates Instacart as buy Goldman said it's sticking with its buy rating on the grocery delivery company after Instacart's earnings report on Wednesday. Morgan Stanley reiterates Rivian as overweight Morgan Stanley said it's sticking with its overweight rating on the electric vehicle company. "

Persons: Goldman Sachs, Goldman, Tesla, WK Kellogg, Kellogg, Wolfe, Instacart, Morgan Stanley, Rivian, Eli Lilly, MRK's Keytruda, Evercore, it's bullish, Parker, Wells, it's, Hein Schumacher Organizations: Apellis Pharmaceuticals, HSBC, Tesla, Barclays, JPMorgan, Bank of America, Disney, ARM, Deutsche Bank, Deutsche, Merck, pharma, TAP, Industrial, Nvidia, Anheuser, Busch InBev, Bud, Offshore, Unilever, OW, Citi Locations: North America, Montrose

☆ I assume Instacart will maintain market share of online grocery, says NYU's Aswath Damodaran
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI assume Instacart will maintain market share of online grocery, says NYU's Aswath DamodaranAswath Damodaran, NYU Stern School of Business professor, and CNBC's Bob Pisani join 'The Exchange' to discuss the health of the IPO market, Instacart's valuation, and more.

Persons: NYU's, Damodaran, Bob Pisani Organizations: NYU Stern School of Business

☆ NHL roundup: Sam Reinhart's OT goal lifts Panthers over Caps
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

Oliver Ekman-Larsson, Evan Rodrigues and Barkov each had a goal and an assist, and Sergei Bobrovsky made 25 saves for the Panthers. Anthony Mantha scored twice, Connor McMichael had a goal and an assist and Aliaksei Protas had two assists for the Capitals. Tim Stutzle added a goal and three assists and Jakob Chychrun had a goal and an assist for Ottawa. William Nylander had a goal and an assist for the Maple Leafs, stretching his season-opening point streak to 13 games. Tyler Bertuzzi and Nicholas Robertson also scored goals, while John Tavares added two assists and Joseph Woll made 21 saves for Toronto.

Persons: Sam Reinhart, Darcy Kuemper, Geoff Burke, Reinhart, Aleksander Barkov, Oliver Ekman, Larsson, Evan Rodrigues, Sergei Bobrovsky, Anthony Mantha, Connor McMichael, Aliaksei Protas, Anze Kopitar, Cam Talbot, Angeles, Adrian Kempe, Trevor Moore, Pierre, Luc Dubois, Spence, Kopitar, Luc Robitaille, Marcel Dionne, Dave Taylor, William Karlsson, Adin Hill, Dominik Kubalik, Claude Giroux, Tim Stutzle, Jakob Chychrun, Mathieu Joseph, Giroux, Joonas Korpisalo, William Nylander, Tyler Bertuzzi, Nicholas Robertson, John Tavares, Joseph Woll Organizations: District of Columbia, Florida Panthers, Washington Capitals, Capital, USA, Panthers, Capitals, Golden Knights, Los, Vegas, Senators, Maple Leafs, Ottawa, Toronto, Thomson Locations: Washington, District, USA, Barkov, Vegas, Las Vegas, Los Angeles

☆ Instacart says most of its retailers charge more through its app than in stores, confirming what gig workers and shoppers have suspected for years
▼ + stars: | 2023-11-08 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Just 425 of the 1,400 retailers that sell through Instacart charge the same prices in-store and on the app. Instacart CEO Fidji Simo said Wednesday that the company encourages retailers to stick to in-store prices. Some customers don't realize that the markups even exist, Instacart shoppers have told Insider. Out of the 1,400 retailers who sell through Instacart, 425 offer the same prices through Instacart, Fidji Simo told analysts during the company's first-ever earnings call. Instacart lets retailers decide how much they charge for products for sale through the app, Simo said.

Persons: Fidji Simo, —, Instacart, Simo Organizations: Service Locations: Instacart, Southern California, Oregon

Nov 8 (Reuters) - Instacart (CART.O) on Wednesday forecast fourth-quarter core profit above Wall Street estimates in its first earnings report since going public in September, on higher transaction and advertisement fees, sending its shares up 4% after the bell. The grocery delivery firm, whose stock has lost more than a third of its value since debut, also announced a $500 million share repurchase program. It expects current-quarter adjusted EBITDA, a key measure of profitability, to be between $165 million and $175 million. Instacart's gross transaction value (GTV) - the value of products sold based on prices shown - rose 6% over the year earlier to $7.49 billion in the third quarter. For full year 2023, Instacart anticipates GTV to grow in mid-single digits, versus analysts' estimate of 4.7% growth at $30.18 billion.

Persons: Fidji Simo, Arun Sundaram, Instacart, DoorDash, Granth, Shilpi Majumdar Organizations: Wall, Reuters, CFRA, GTV, Thomson Locations: Bengaluru

☆ Walmart, Amazon, and others lost millions of dollars to an organized online refund fraud scheme
▼ + stars: | 2023-11-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Retailers, including Walmart and Amazon, lose millions of dollars to refund fraud schemes. AdvertisementAdvertisementA coordinated refund fraud scheme has cost online retailers like Walmart and Amazon millions, according to Federal prosecutors. If the retailer provided a no-return refund, ARG would take a percentage cut, and the customer would keep the item. Retailers like Amazon, Walmart, and Target sometimes offer no-return refunds when the cost of the return outweighs the value to the seller. 404 Media also found numerous Reddit and Telegram groups openly swapping tips on perpetrating refund fraud, with specific advice for individual retailers.

Persons: Courtwatch, —, Artemis, Kate Spade Organizations: Walmart, Amazon, Service, Media, Watch

MINNEAPOLIS (AP) — The American Civil Liberties Union of South Dakota announced Monday that it is suing South Dakota over a state law that restricts content on vanity plates. Hart intended for the personalized license plate to refer to his business and its mission of promoting tribal sovereignty, the news release said. According to the complaint filed Friday, the state Department of Revenue denied Hart's application in 2022. Political Cartoons View All 1234 ImagesThe department used its authority to recall at least three personalized plates in 2022, the lawsuit says. It names both the state's Department of Revenue and the state's Motor Vehicle Division.

Persons: Lyndon Hart, REZWEED ”, ” Hart, Hart, Kendra Baucom, “ GAYPRIDE, ”, Georgia —, ___ Trisha Ahmed, @TrishaAhmed15 Organizations: American Civil Liberties Union of South Dakota, ACLU, South Dakota Motor Vehicle Division, of Revenue, state's Department of Revenue, Vehicle Division, Motor, U.S, 8th Circuit U.S, Appeals, state's, Motor Vehicles, Associated Press, America Statehouse News Initiative, America Locations: MINNEAPOLIS, South Dakota, U.S ., North Carolina, Delaware , Oklahoma, Georgia

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNEW YORK, Nov 2 (Reuters) - Amazon.com Inc (AMZN.O) punished its own sellers to limit Walmart's reach as Walmart got into e-commerce, according to the Federal Trade Commission (FTC). Like Amazon, Walmart operates a third-party online marketplace, with merchandise from thousands of independent sellers. This, Amazon realized, could result in sellers passing on those savings to customers, the FTC said. To hamstring Jet.com, Amazon removed some third-party sellers' offers from its Buy Box. Amazon spokesperson Tim Doyle said the FTC "grossly mischaracterizes" the pricing tool and the company stopped using it several years ago.

Persons: Gonzalo Fuentes, it's, Burt Flickinger, Jet.com, Tim Doyle, Siddharth Cavale, Vanessa O'Connell, Lisa Shumaker Organizations: Viva Technology, Porte de, REUTERS, Amazon.com Inc, Walmart, Federal Trade Commission, Jet.com, Amazon, FTC, Jet, Thomson Locations: Paris, France, New York

☆ Walmart shares hit all-time high, as retailer's value focus attracts shoppers and investors
▼ + stars: | 2023-11-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

The big-box retailer's stock hit a peak of $166.30 earlier in the day. That marks the highest since Walmart first began trading on the New York Stock Exchange in August 1972. Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. That business has helped Walmart draw foot traffic, even as other retailers like Macy's and Target give cautious outlooks and see weaker results. "It really shows that the value proposition for Walmart is much more than just low prices or value.

Persons: —, John David Rainey, Rainey, Walmart's, — CNBC's Christopher Hayes Organizations: Walmart, New York Stock Exchange, CNBC, Target

☆ Walmart pledges $1 million aid for Israel victims
▼ + stars: | 2023-11-01 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 1 (Reuters) - Walmart Foundation, the philanthropy arm of the U.S. retailer, has pledged $1 million to an Israeli disaster relief and emergency medical service organization. UBS , Goldman Sachs (GS.N) and Jefferies are among companies to have pledged aid to Israel. As the Israel-Hamas conflict intensifies, others, including billionaire Elon Musk, are providing aid in the Middle East in other ways. Walmart does not operate stores in Israel, but employs 171 people in the country who work for its tech arm Walmart Global Tech, its Walmart U.S. operations and its Flipkart business in India. Walmart said its donation follows a $1 million grant the Walmart Foundation pledged to the U.S.

Persons: Goldman Sachs, Jefferies, Magen David Adom, Ofer Saban, Elon Musk, SpaceX's, Saban, Siddharth Cavale Organizations: Walmart Foundation, UBS, Walmart, Walmart Global Tech, Walmart U.S, . Holocaust Museum, Thomson Locations: U.S, Jerusalem, Israel, Gaza, India, New York

☆ Walmart is at work on a new degree-free message about getting hired at its corporate headquarters
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

"In prior years, people would pursue a cybersecurity college degree," Stomski said. At the same time, Wildavsky stressed that being dismissive about the value of a college degree is a mistake. "This is not about getting rid of college degrees," Stomski said, and she added that many of Walmart's corporate jobs will still require them. Examples of Walmart corporate roles that will not require college degrees including positions in operations and merchandising, but Stomski declined to be more specific. In August 2022, Walmart began eliminating around 200 corporate jobs as part of a restructuring effort amid a more challenging economic environment.

Persons: Terra, Stomski, We're, Lorraine Stomski, Julie Gehrki, Ben Wildavsky, Wildavsky, it's, —, OpenAI, We've, Colleen Ammerman, Walmart's Organizations: Walmart, Walmart Inc, Terra Fondriest, Bloomberg, Getty, Target, Southern New Hampshire University, University of Arizona, University of Denver, Google, IBM, Tesla, GM, Accenture, University of Virginia, College, Marines, LinkedIn, Harvard Business School Locations: Bentonville , Arkansas, workforces, U.S, Minnesota

☆ I tried Walmart's self-checkout to see if it was as frustrating as some shoppers say. Here's what I found.
▼ + stars: | 2023-11-01 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart shoppers have told me about their frustration with the retailer's self-checkout security. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From my conversations with shoppers, I've learned that problems tend to arise with large or bulky items, multiple items of the same kind, and especially when using the handheld scanner. Dominick Reuter/InsiderAll four self-checkout kiosks were in use, and everyone appeared to be getting through without any issues. AdvertisementAdvertisementOf course, people paying for things and not taking them is far less of a problem for retailers than people taking things and not paying for them.

Persons: I've, —, Walmart's, inbox, Dominick Reuter Organizations: Walmart, Service

☆ Walmart Spark delivery drivers are sick of customers asking them to bring deliveries into their homes
▼ + stars: | 2023-10-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Walmart Spark drivers often get requests from customers to drop groceries off in their kitchens. Walmart's InHome delivery service, which is staffed by full-time employees, offers kitchen drop-offs. AdvertisementAdvertisementEarlier this year, a Spark delivery driver in Nevada pulled up to a house with a few bags of groceries for delivery. Customers are likely confusing the delivery for another service Walmart offers, InHome Delivery. Spark drivers, by contrast, are gig workers paid per order or batch of orders, and they aren't allowed to go into shoppers' homes.

Persons: —, she's, InHome, Doug McMillon Organizations: Walmart, Service, Workers Locations: Nevada, Miami, Dallas, San Francisco, Texas

☆ Walmart to upgrade 1,400 stores with $9 billion investment
▼ + stars: | 2023-10-30 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

On Friday, 117 stores in 30 states will be re-launched showcasing the enhancements, representing investments of more than $500 million, Walmart said in a statement. In total, it plans to modernize more than 1,400 of its 4,717 Walmart stores across the country. As part of those efforts, the company tested some remodeled concept stores called "Stores of the Future" at a few Walmart Supercenters, including Teterboro in New Jersey, earlier this year. Monday's investments mark the national rollout of that concept, a Walmart spokesperson said. The enhanced stores will have refreshed interiors and exteriors, with new paint, updated flooring, modernized restrooms, LED-lighting and new signage for brighter and easier navigation through the stores, the company said.

Persons: John Furner, Siddharth Cavale, Bill Berkrot Organizations: Investment, Walmart, Sam's, Thomson Locations: Bentonville , Arkansas, New Jersey, New York

☆ Walmart managers are going to extreme lengths to get customers to complete the retailer's checkout survey. It's confusing shoppers and workers.
▼ + stars: | 2023-10-30 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Some Walmart managers are trying to get as many customers as possible to do a survey at checkout. For Walmart customers and employees, it's proving a source of confusion and annoyance. AdvertisementAdvertisementTwo Walmart associates told Insider that the pressure to have each customer fill out the survey came from store managers. Stores are supposed to aim for an average rating of 4.6 out of five stars, the two employees told Insider. "The person can't even say why they're giving the bad review," the associate in the Southwest told Insider.

Persons: It's, —, Chad Pettit, Pettit, ady, eck, ake, ure Organizations: Walmart, Service, TikTok

☆ Top Wall Street analysts remain optimistic about these five stocks
▼ + stars: | 2023-10-29 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To that end, here are five stocks favored by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Mahaney reiterated a buy rating on NFLX stock with a price target of $500. Baird analyst Colin Sebastian recently initiated a buy rating on CART stock with a price target of $31. SLBOilfield services company SLB (SLB), formerly Schlumberger, recently reported better-than-expected third-quarter adjusted earnings. Calling SLB a structural winner, particularly during pullbacks, Mehta reiterated a buy rating on the stock with a price target of $65.

Persons: Dado Ruvic, Wall, Mark Mahaney, Mahaney, TipRanks, roadmaps, Harlan Sur, Sur, Baird, Colin Sebastian, Sebastian, Instacart, SLB, Goldman Sachs, Neil Mehta, Mehta, Tesla Organizations: Reuters, Netflix, Nvidia, JPMorgan, TipRanks, Schlumberger, Saudi Aramco, United Arab Locations: Saudi, United Arab Emirates, Qatar

☆ Meet the typical retail worker: an elder millennial woman earning $18 hourly picking online Walmart orders
▼ + stars: | 2023-10-29 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The company's typical worker is a 39-year-old woman in Dallas earning $18 per hour. She would also work at a Supercenter near Dallas, Texas, where the company told Insider it has the highest density of stores. Her job assignment is most likely to be either a stocker, who refills shelves with merchandise, or a digital picker, who collects orders for online shoppers, the company told Insider. Although she might be demographically "typical," the job she does is anything but, a worker in Illinois told Insider. Walmart told Insider it does not keep track of how many jobs associates have at a time.

Persons: —, stocker, Doug McMillon, McMillon Organizations: Walmart, Service, Target, Kroger, Depot, Retail Locations: Dallas, Dallas , Texas, Illinois, Texas

☆ Panera now displaying warning about its caffeinated lemonade in all stores after lawsuit over customer's death
▼ + stars: | 2023-10-29 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

A large Charged Lemonade contains 390 milligrams — nearly the 400-milligram daily maximum of caffeine that the Food and Drug Administration says healthy adults can safely consume. The legal complaint called Charged Lemonade a "dangerous energy drink" and argues that Panera failed to adequately warn consumers about its ingredients, which also include guarana extract, another stimulant. The caffeine content of Panera's Charged Lemonade has always been listed in-store, Panera said. Katz had gotten a large Charged Lemonade hours before she died, and had had at least one Charged Lemonade in the days prior, according to Victoria Rose Conroy, Katz's roommate and close friend. Crawford said if Charged Lemonade is going to remain on the menu, it should be less accessible to customers.

Persons: Sarah Katz, Panera, Red Bull, Elizabeth Crawford, Kline, Specter, Katz, Victoria Rose Conroy, Katz's, Conroy, Sarah, Crawford, shouldn't Organizations: NBC News, Ivy League, and Drug Administration, FDA, Katz's University of Pennsylvania, Panera, Sip Locations: North America, Philadelphia, Katz's

☆ I attended a 10-day crash course on how to be a semiconductor technician. It has a 300-person waitlist and is being called the job of the future — but the protective 'bunny suit' is a drawback.
▼ + stars: | 2023-10-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

I attended three days of a semiconductor industry training program in Phoenix, Arizona. The students enrolled in the program for different reasons but many hoped to land a career in the industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Last year, three community colleges in the state's Maricopa County launched the Quick Start program, a 10-day crash course on how to be a semiconductor processing technician . As of October, nearly 900 students have enrolled in the program, over 700 have successfully completed it, and roughly 300 are on a waitlist.

Persons: — Organizations: Service, Community College Locations: Phoenix , Arizona, Maricopa County, Arizona

☆ Apple TV+ is raising prices and expanding its content ambitions — here are the shows and movies it wants now, per leaked Hollywood agency documents
▼ + stars: | 2023-10-27 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Apple TV+ is a small but influential player in the streaming wars. And Apple has signaled it wants to grow its streaming content slate at a time when other media companies are contracting. Apple is "always looking" for films that "highlight humanity," according to one of the agency documents. As a side hustle of a massive retail business, Apple TV+ can fly under the radar, insulated from economic pressures that have roiled the entertainment business. (Apple TV+ was the first streamer to win the best picture Oscar, in 2022, for "CODA," which it acquired at the Sundance Film Festival).

Persons: Martin Scorcese's, Reese Witherspoon, Apple, execs, Apple hasn't, Jason Sudeikis, Ted Lasso, Rose Byrne, Seth Rogen, Jon Stewart's, Isaac Asimov's, John Krasinski, Stephen Curry, Ridley Scott's, Napoleon, They're Organizations: Apple, Netflix, Disney, New York Times, Major League Soccer, Major League Baseball, New England Patriots, Sundance Locations: China

☆ Apple's China problem: how its ticket to success has become a liability
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's China problem: how its ticket to success has become a liabilityApple can thank China for much of its success. In the early days, as Apple was on the brink of bankruptcy, it pivoted its manufacturing to China, capitalizing on a massive low-wage workforce, billions in government stimulus to build out enormous factories, and the loyalty of a rapidly growing middle class. But now, what was once a key to its success has increasingly become a liability. In just the past few weeks, it's seen a Chinese tax investigation into its biggest manufacturer Foxconn, accusations of censorship around Jon Stewart's canceled show, and has lost its market share dominance to competitor Huawei. This week on Tech Check, we dive into Apple's China problem, and why it's not going anywhere.

Persons: it's, Jon Stewart's Organizations: Apple, Huawei, Tech Locations: China

☆ Kristaps Porzingis blitzes former team as Celtics top Knicks
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/57] Oct 25, 2023; New York, New York, USA; Boston Celtics guard Jaylen Brown (7) warms up prior to the game against the New York Knicks at Madison Square Garden. His perfect performance from the foul line highlighted a fourth quarter in which the Celtics made 14 of 15 free throws. Porzingis' 30 points are the most ever by a Celtics player in his first game for the team. 11 rebounds) had a double-double while Jalen Brunson scored 15 points but shot just 6-for-21 from the field. The Knicks missed their next six shots from the field, a span in which Porzingis scored nine unanswered points.

Persons: Jaylen Brown, Wendell Cruz, Kristaps Porzingis, Jayson Tatum, RJ Barrett, Immanuel Quickley, Julius Randle, Jalen Brunson, Quentin Grimes, Barrett, Josh Hart's, Jrue, Porzingis, Isaiah Hartenstein, Payton Pritchard, Brunson, Tatum Organizations: Boston Celtics, New York Knicks, Madison, Boston, Celtics, Knicks, Washington Wizards, ., Thomson Locations: New York , New York, USA, . New York, York

☆ Pelicans get offense going in win over Grizzlies
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/85] Oct 25, 2023; Memphis, Tennessee, USA; New Orleans Pelicans guard CJ McCollum (3) shoots warm ups prior to the game against the Memphis Grizzlies at FedExForum. Desmond Bane scored a game-high 31 points to lead the Grizzlies, who played without Ja Morant as he began a 25-game suspension. New Orleans took control by outscoring the Grizzlies 32-19 in the second quarter to grab a 10-point halftime lead. Smart's basket ended the run and Ziaire Williams added a basket before the Pelicans expanded the lead to 52-37. Memphis scored 10 straight points before New Orleans scored the final five points of the second quarter to take 57-47 halftime lead.

Persons: CJ McCollum, Petre Thomas, McCollum, Zion Williamson, Brandon Ingram, Herbert Jones, Jonas Valanciunas, Desmond Bane, Ja Morant, Celtic Marcus Smart, Xavier Tillman, Ingram, Jake LaRavia, David Roddy's, Matt Ryan, Ziaire Williams Organizations: New Orleans Pelicans, Memphis Grizzlies, FedExForum, New Orleans, Pelicans, Grizzlies, Celtic, Memphis, New, The Grizzlies, Thomson Locations: Memphis , Tennessee, USA, New Orleans, Memphis

The U.K.-headquartered bank, which earns most of its revenue in Asia, booked July-September statutory pretax profit of $633 million. That compared with $996 million a year earlier and the $1.41 billion average of 16 analyst estimates compiled by the bank. China Bohai booked a 17.8% fall in January-June net interest income, leading to a nearly 7% decline in its overall profit, according to company filings. StanChart's Chinese real estate exposure totalled $2.7 billion, down $200 million from the previous quarter. StanChart has recently had "no contact" with FAB, Chief Financial Officer Andy Halford told reporters on a conference call on Thursday.

Persons: Peter Nicholls, StanChart, China Bohai, Andy Halford, Jefferies, Joe Dickerson, Dickerson, Selena Li, Lawrence White, Christopher Cushing Organizations: Chartered, REUTERS, Bank, Bohai, China Bohai Bank, HK, Abu Dhabi Bank, Thomson Locations: London, Britain, Bohai Bank, China, HONG KONG, China Bohai, Russia, Ukraine, Asia, Tianjin, StanChart

Search resuls for: "Art's"

25 mentions found