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Search resuls for: "North America Operations"


11 mentions found


☆ Stellantis is struggling. Here's why
  + stars: | 2024-10-10 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +3 min
American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world's fifth-largest automaker by volume, according to S&P Global Mobility. But Stellantis did better than that. 2023 was a banner year: record sales, record profits, record free cash flow. Out of all brands in the U.S., Stellantis vehicles have some of the highest inventories of vehicles on dealer lots, according to Cox Automotive.
Persons: Daniel Roeska, Bernstein, Stellantis, Stephanie Brinley, Carlos Taveres, Roeska Organizations: Dodge, Chrysler, P Global Mobility, Groupe PSA, Italian Fiat Chrysler, Products, Jeep, RBC Capital, Cox Automotive, United Auto Workers Locations: Italian, North America, U.S, America, China
☆ DuPont's AI ties drew us in, but its water unit may be the sleeper hit
  + stars: | 2024-08-09 | by ( Paulina Likos | ) www.cnbc.com   time to read: +11 min
DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.
Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, —, Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware
☆ Weight-loss drug Wegovy can be marketed for heart benefits after FDA label update
  + stars: | 2024-03-08 | by ( Meg Tirrell | ) edition.cnn.com   time to read: +4 min
The label expansion may improve insurance coverage for Wegovy, which costs more than $1,300 per month out of pocket before any discounts. Many insurers, including Medicare, don’t cover drugs for weight loss, leaving patients scrambling to afford them. “This patient population has a higher risk of cardiovascular death, heart attack and stroke,” he added. More studies need to be done to show whether there are heart benefits for people who haven’t had a cardiac event. Wegovy continues to be in shortage, along with other GLP-1 medicines, as drugmakers struggle to keep up with demand.
Persons: CNN — Wegovy’s, –, Dr, Harlan Krumholz, hasn’t, Eli Lilly, Wegovy, John Sharretts, haven’t, it’s, Sanjay Gupta, Jody Dushay, Beth, Dushay, Novo, Doug Langa, ” Organizations: CNN, US Food and Drug Administration, Yale University, Yale New Haven Hospital, Novo Nordisk, Diabetes, ”, CNN Health, Beth Israel Deaconess Medical Center, Harvard Medical School, Novo Nordisk’s, North America Operations
☆ Drugs like Ozempic and Wegovy could strengthen the US economy, Goldman Sachs predicts
  + stars: | 2024-02-27 | by ( Bryan Mena | ) edition.cnn.com   time to read: +4 min
Washington, DC CNN —The US economy is set to reap considerable benefits from Americans taking popular medications used for weight loss, including Ozempic and Wegovy, Goldman Sachs analysts wrote in a recent research report. Originally developed to treat type 2 diabetes, they proved to be highly effective at helping people shed weight in clinical trials. (Ozempic has not been approved for weight loss by regulators, though Wegovy, a similar drug, has.) Goldman Sachs argues that since poor health unambiguously weighs on the economy, improving health outcomes due to GLP-1s could lower costs and boost productivity, shoring up economic output. For some Americans who are obese but don’t have diabetes, obtaining those drugs has become difficult, if not impossible.
Persons: Goldman Sachs, Eli Lilly, Jody Dushay, Beth, Doug Langa, they’ve Organizations: DC CNN, Government, Novo Nordisk, Beth Israel Deaconess Medical, CNN Locations: Washington, United States, North America, Novo
☆ Subway has sold itself to a private equity firm
  + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.
Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada
☆ Freshly sliced meat and new store designs: How Subway is trying to save itself
  + stars: | 2023-07-08 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
Subway scrambled to make fixes: Adding freshly sliced meat earlier this month was the most recent one. Revamped menuSubway added freshly sliced meat this week. In addition to a more neatly organized menu board, Subway added numbers and new names to speed up service. And this week, it rolled out freshly sliced meat — a major shift from Subway’s previous method of having the meat sliced at its factories before being delivered to its stores. Adding freshly sliced meat “felt like the natural step that we needed to get back to and address,” Trevor Haynes, president for Subway’s North America operations, previously told CNN.
Persons: that’s, –, Dunkin, Jimmy John’s, Anthony Behar, ” Trevor Haynes Organizations: New, New York CNN, Firehouse, Wall Street, Inspire Brands, Subway, North, QSR Magazine, Jersey, Apple, customizations, Subway’s North, CNN Locations: New York, Jersey, North America, Subway’s North America
☆ Subway is making another big change to its menu
  + stars: | 2023-07-05 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —To undercut its fast-growing rivals, Subway is making a big change to its meats. Subway locations currently fresh slice vegetables and freshly bakes bread and cookies daily. The makeover placed less of an emphasis on customization in favor of a “Subway Series” sandwich menu, which now accounts for 20% of sales. Average yearly sales at Subway US restaurants, however, are much lower compared to its sandwich business rivals. Subway is also up for sale, with Haynes saying that it’s “on track” for an imminent announcement, likely in mid-July.
Persons: Jimmy John’s, ” Trevor Haynes, Haynes Organizations: New, New York CNN, Jersey Mike’s, Subs, Subway’s North, CNN, Subway, QSR Magazine, North Locations: New York, Jersey, Subway’s North America, North America
☆ Mazda to appoint former North America head Moro as next CEO
  + stars: | 2023-03-17 | by ( Daniel Leussink | ) www.reuters.com   time to read: +2 min
[1/2] Masahiro Moro, President and CEO of Mazda North America, speaks at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. Moro, 62, currently a director and senior managing executive officer, had previously served as the head of the automaker's North America operations. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, Mazda added. Mazda also nominated Jeff Guyton, 56, senior managing executive officer and its current North America head, as chief financial officer and assistant to the president pending the June approval of the shareholders and board. ($1 = 132.9600 yen)Reporting by Daniel Leussink; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
☆ Mazda to nominate former North America head as next CEO
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
TOKYO, March 17 (Reuters) - Mazda Motor Corp (7261.T) will appoint Masahiro Moro, director and senior managing executive officer, as its new president and CEO, the Japanese automaker said on Friday. The 62-year-old, a 40-year company veteran who previously served as the head of the automaker's North America operations, will officially take over pending the approval of the shareholders and board in June. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, the company said. Marumoto would continue to serve as an adviser, the Nikkei newspaper reported separately on Friday. Mazda said incumbent representative director and chairman of the board Kiyotaka Shobuda would remain in his post.
☆ Mazda to nominate former North America head as the next CEO
  + stars: | 2023-03-17 | by ( ) www.cnbc.com   time to read: +1 min
Mazda will appoint Masahiro Moro, director and senior managing executive officer, as its new president and CEO, the Japanese automaker said on Friday. The 62-year-old, a 40-year company veteran who previously served as the head of the automaker's North America operations, will officially take over pending the approval of the shareholders and board in June. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, the company said. Marumoto would continue to serve as an adviser, the Nikkei newspaper reported separately on Friday. Mazda said incumbent representative director and chairman of the board Kiyotaka Shobuda would remain in his post.
☆ JPMorgan turns cautious on Amazon, TikTok faces ban — our Club takes on the news
  + stars: | 2023-03-16 | by ( Paulina Likos | ) www.cnbc.com   time to read: +5 min
Club holdings Meta Platforms (META) and Amazon (AMZN) are in the news Tuesday. TikTok has seen robust growth since it launched in 2016, competing with Reels at Meta Platforms (META) and Alphabet 's (GOOGL) YouTube Shorts. JPMorgan cautious on Amazon AMZN 1Y mountain Amazon's performance over the last 12 months. The news: JPMorgan said investor sentiment on Amazon (AMZN) stock is near multi-year lows, in a research note Thursday. JPMorgan kept an overweight rating on AMZN stock, but lowered its price target to $135 from $142.
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