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The logo of Fisker Automotive is pictured on a car at the 2022 Paris Auto Show in Paris, France, October 18, 2022. But Fisker was limited by its delivery and service infrastructure rather than production and demand. "We have not been able to follow through with deliveries fast enough," CEO Henrik Fisker said on the call. "In the course of completing the preparation of the report, the company determined that it has material weaknesses in the company's internal control over financial reporting," Fisker said. The EV company reported a loss of $91 million, missing analysts' estimates for a loss of $75 million, according to Visible Alpha.

Persons: Stephane Mahe, Fisker, Geeta Fisker, Tesla, Elon, Henrik Fisker, Samrhitha Arunasalam, Jaiveer Singh Shekhawat, Akash Sriram, Abhirup Roy, Shounak Dasgupta, Stephen Coates Organizations: Fisker, REUTERS, Ford, General Motors, EV, Alpha, stoke, Revenue, Thomson Locations: Paris, France, U.S, Canada, Austrian, Bengaluru, San Francisco

REUTERS/Chris Helgren Acquire Licensing RightsNov 13 (Reuters) - Canada's Sun Life Financial (SLF.TO) on Monday reported better-than-expected quarterly profits, helped by growth at its wealth and asset management unit and higher fees. The insurer, however, reported a fall in underlying earnings hurt by weakness in the United States and fewer sales of personal health insurance. "The dental business reported middling results this quarter... short-term volatility is a part of this business, from a long-term perspective, the investment should be positive," Morningstar analyst Suryansh Sharma said. Sun Life said underlying earnings from its U.S. segment were down 19%. Underlying net income from wealth and asset management rose 9% to C$457 million.

Persons: Chris Helgren, Sunlife, Suryansh Sharma, Pritam Biswas, Shilpi Majumdar, Shounak Dasgupta, Lincoln Organizations: Sun, REUTERS, Morningstar, DentaQuest, Thomson Locations: Toronto , Ontario, Canada, United States, DentaQuest, U.S, Asia, Bengaluru

☆ Boeing to boost production capacity for Patriot missile sensors
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo Acquire Licensing RightsNov 13 (Reuters) - Boeing (BA.N) said on Monday it will increase Huntsville factory production capacity for sensors that are used to guide Patriot missiles to their targets to meet rising air and missile defense needs worldwide. The facility with increased production capacity, expected to be operational in early 2027, will enable Boeing to increase annual PAC-3 (Patriot Advanced Capability-3) seeker production by more than 30%, the company said. Ukraine has used Patriot missiles in its effort to repel Russia's invasion. Patriot, which stands for Phased Array Tracking Radar for Intercept on Target, is considered one of the most advanced air defense systems in the U.S. arsenal.

Persons: Sao Jose dos Campos, Gabriel Araujo, Lockheed Martin, Aatreyee Dasgupta, Shounak Dasgupta Organizations: Boeing, REUTERS, Lockheed, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, Huntsville, United, Ukraine, U.S, Bengaluru

Moody's is the last of the three major rating agencies to maintain a top rating for the U.S. government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011. “While the statement by Moody’s maintains the United States’ AAA rating, we disagree with the shift to a negative outlook. The sharp rise in Treasury yields "has increased pre-existing pressure on US debt affordability," Moody's said. “Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits," hardline Republican Representative Andy Harris said on X, formerly known as Twitter.

Persons: Shannon Stapleton, Joe Biden's, Fitch, Moody's, Karine Jean, Pierre, Moody’s, Wally Adeyemo, Adeyemo, Biden, Quincy Krosby, Donald Trump, Mike Johnson, “ Moody’s, Andy Harris, ”, Richard Rohan Francis, Davide Barbuscia, Andrea Shalal, David Morgan, Caroline Valetkevitch, Ira Iosebashvili, Megan Davies, Shilpi Majumdar, Shounak Dasgupta, David Gregorio, Chris Reese Organizations: REUTERS, . House, U.S ., Aaa, White, Republican, States ’ AAA, Treasury, Reserve, LPL, New York Times, Republicans, Democratic, Thomson Locations: New York City, U.S, WASHINGTON, American, Siena, Nevada , Georgia, Arizona , Michigan, Pennsylvania, Trump, Wisconsin

☆ Hawaiian Electric delays quarterly filing due to fund for Maui fire victims
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Utility firm Hawaiian Electric (HE.N) said on Thursday it would be unable to submit its quarterly filing with the U.S. securities regulator on time, due to its expected contribution towards a fund to compensate victims of the deadly wildfires in Maui. Hawaii's governor Josh Green on Wednesday announced a $150 million fund that provides an option for families who have lost a loved one and those who were severely injured to receive substantial payments. Hawaiian Electric will contribute $75 million to the fund. The announcement of the initiative and the anticipated contribution require changes to the financial statements that lead to the delay, it said. Reporting by Sourasis Bose in Bengaluru; Editing by Shounak Dasgupta and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Josh Green, Sourasis Bose, Shounak Dasgupta, Krishna Chandra Organizations: Wednesday, Thomson Locations: Maui, Bengaluru

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. That has left NAB, ranked third for mortgages but first for business loans, in a prime position as the country's retail lenders look elsewhere for growth. We're not abandoning (mortgages), we're tilting towards our business bank." Larger mortgage rival Westpac (WBC.AX) also posted a higher annual profit on Monday, despite a decline in home loan profit. The company's net interest margin, a closely-watched bank metric of lending interest income minus payouts to deposit accounts, shrank to 1.71% as of Sept. 30, from 1.77% at March-end.

Persons: Daniel Munoz, Ross McEwan, We're, Azib Khan, Roushni Nair, Archishma Iyer, Shounak Dasgupta, Jamie Freed Organizations: National, REUTERS, NAB, SYDNEY, National Australia Bank, Westpac, P, Thomson Locations: Sydney, Australia, Bengaluru

☆ National Australia Bank's second-half cash profit falls as inflation persists
▼ + stars: | 2023-11-09 | by ( Roushni Nair | ) www.reuters.com time to read: +2 min

The National Australia Bank Logo is seen on a branch in central Sydney, Australia, February 8, 2018. But for the half-year ended Sept. 30, cash earnings sank as the impact of monetary policy tightening and inflationary pressures crippled households and the economy. The annual performance of its business and institutional banking divisions stood out with of 10.1% and 14.9% in cash profits respectively, while the personal banking division was a drag on its results, posting a 9.1% decline in cash earnings to A$1.45 billion. The bank reported a jump in its credit impairment charge for the year to A$802 million, up from just A$125 million a year ago, which it said reflected volume growth and worsening asset quality. The bank declared a final dividend of 84 Australian cents per share, up from 78 Australian cents apiece a year earlier.

Persons: Daniel Munoz, Ross McEwan, Roushni Nair, Archishma Iyer, Shounak Dasgupta, Jamie Freed Organizations: National, REUTERS, National Australia Bank, NAB, Thomson Locations: Sydney, Australia, Bengaluru

☆ Canopy Growth's second-quarter core loss narrows on easing costs
▼ + stars: | 2023-11-09 | by ( Sourasis Bose | ) www.reuters.com time to read: +2 min

A sign featuring Canopy Growth Corporation's logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 .Picture taken January 4, 2018. REUTERS/Chris Wattie/File Photo Acquire Licensing RightsNov 9 (Reuters) - Pot producer Canopy Growth (WEED.TO) reported a smaller second-quarter adjusted core loss on Thursday on the back of cost cuts. Canopy Growth said it cut another C$54 million in costs during the reported quarter. The company's adjusted core loss narrowed to C$11.9 million ($8.62 million) for the three months ended Sept. 30, compared with a loss of C$56.4 million a year earlier. Canopy Growth's net revenue fell 21% to C$69.6 million in the quarter as the company exited its retail Canadian business.

Persons: Chris Wattie, Judy Hong, Sourasis Bose, Shounak Dasgupta Organizations: REUTERS, U.S . Securities, Exchange, Holdings, Wana, Thomson Locations: Smiths Falls , Ontario, Canada, United States, Bengaluru

☆ SingTel profit jumps 83% in first half on Indonesia gain
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

A Singtel booth is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Telkomsel, the Indonesian associate of Southeast Asia's largest telecom firm, had agreed to merge with its parent's IndiHome broadband arm in an effort to expand into Indonesia's fixed broadband market. SingTel owns a 29.6% stake in the enlarged integrated mobile and fixed broadband company. SingTel said its net profit for the six months ended Sept. 30 was S$2.14 billion ($1.58 billion), compared with S$1.17 billion a year earlier. The company declared an interim dividend of 5.2 Singapore cents per share, higher than the 4.6 Singapore cents per share declared a year earlier.

Persons: Anshuman, SingTel, Archishma Iyer, John Biju, Shilpi Majumdar, Shounak Dasgupta, Subhranshu Organizations: Trade, REUTERS, Singapore Telecommunications, Thomson Locations: Asia, Singapore, Indonesian, Southeast, Telkomsel, Bengaluru

☆ Canadian union Unifor, Magna resume bargaining after strike at seating plant
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Magna logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Acquire Licensing RightsNov 9 (Reuters) - Canadian labour union Unifor said on Thursday it has returned to the bargaining table with Magna International (MG.TO) after workers staged a walkout at the auto parts supplier's Integram seat manufacturing facility in Windsor. Unifor members at the facility had launched a strike on Wednesday after Magna was unable to reach a tentative deal before the strike deadline of Nov. 7. Magna's Integram plant manufactures seating for vehicles at Stellantis' (STLAM.MI) Windsor assembly plant as well as other Detroit Three plants in the United States. Unifor members at the Integram facility had previously voted 99% in favour of strike action.

Persons: Wolfgang Rattay, Unifor, Aishwarya Jain, Shounak Dasgupta Organizations: Munich, REUTERS, Magna International, Magna, Thomson Locations: Munich, Germany, Windsor, Detroit, United States, Bengaluru

☆ Corteva posts smaller quarterly loss on higher seed prices
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

The logo and trading info for Corteva Agriscience, a former division of DowDuPont, is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid Acquire Licensing RightsNov 8 (Reuters) - U.S. agricultural chemical and seed company Corteva (CTVA.N) on Wednesday reported a smaller third-quarter loss, helped by higher prices for its seeds. Corteva's third-quarter seed net sales rose to $878 million from $862 million a year earlier. However, sales volumes declined as a result of its exit from Russia and lower-than-expected corn planted area in Brazil. Corteva posted a net loss of $321 million, or 45 cents per share, in the quarter ended Sept. 30, compared with a loss of $331 million, or 46 cents per share, a year earlier.

Persons: Agriscience, Brendan McDermid, Corteva, Sourasis Bose, Shounak Dasgupta, Shilpi Majumdar, Rashmi Organizations: New York Stock Exchange, REUTERS, FMC Corp, Thomson Locations: DowDuPont, New York, U.S, Russia, Brazil, Indianapolis, South America, Bengaluru

☆ AMC beats quarterly revenue estimates on 'Barbenheimer' boost
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNov 8 (Reuters) - AMC Entertainment (AMC.N) beat third-quarter revenue estimates on Wednesday, riding on the success of "Barbie" and "Oppenheimer" movies as volumes of theatrical releases also improved at the box office. Attendance in AMC theaters increased 38.4% to 73,576 in the third quarter. The movie theater chain posted revenue of $1.41 billion for the quarter ended Sept. 30, compared with estimates of $1.26 billion, according to LSEG data. "For both revenue and adjusted EBITDA, these were AMC's most successful third-quarter results in our company's entire 103-year history," Aron added. AMC's profit per share stood at 8 cents, compared with estimates of a loss of 19 cents per share.

Persons: Mario Anzuoni, Oppenheimer, Alicia Reese, Taylor Swift, Beyonce, Adam Aron, Aron, Jaspreet Singh, Krishna Chandra Eluri, Shounak Organizations: AMC, REUTERS, AMC Entertainment, Thomson Locations: Burbank , California, U.S, Bengaluru

☆ Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

The logo of communication company Twilio is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 8 (Reuters) - Cloud service provider Twilio (TWLO.N) on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. San Francisco-based Twilio expects fourth-quarter adjusted profit between $0.53 per share and $0.57 per share, compared with analysts' estimates of $0.36, according to LSEG data. The company's active customer accounts in the third quarter rose to 306,000 from 280,000 a year earlier. On an adjusted basis, Twilio earned $0.58 per share, compared with estimates of $0.35 per share.

Persons: Chris Helgren, Twilio, Tanya Jain, Shounak Dasgupta Organizations: REUTERS, Wall, Thomson Locations: Toronto , Ontario, Canada, San Francisco, Bengaluru

☆ SiriusXM rolls out new streaming app
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - SiriusXM (SIRI.O) launched its new streaming app with a rebranded logo on Wednesday as the satellite radio company looks to add subscribers with the introduction of its lower priced offerings. The app will be rolled out in North America on Dec. 14, with its all-access plan priced at $9.99 a month. Some new features introduced by the satellite radio company include curated sections and a customized landing page. That compared with 34 million for the "SiriusXM" segment, which includes various channels, podcasts and infotainment. Audible and SiriusXM are also working together to share content beginning in early 2024, SiriusXM said.

Persons: SiriusXM, Arsheeya, Shounak Dasgupta Organizations: Spotify, Sirius, Thomson Locations: North America, Bengaluru

☆ Viasat posts upbeat sales on satellite-based broadband services strength
▼ + stars: | 2023-11-08 | by ( Pratik Jain | ) www.reuters.com time to read: +2 min

A Viasat corporate logo is shown on a sign at the company's headquarters in Carlsbad, California, U.S. March 9, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 8 (Reuters) - Viasat (VSAT.O) reported second-quarter revenue on Wednesday that beat Wall Street estimates on strength in the segment that offers satellite-based broadband services. The satellite communications firm now expects full-year 2024 actual revenue to rise in the range of $4.10 billion to $4.25 billion. The forecast includes 10 months of contributions from British satellite rival Inmarsat, which Viasat acquired for $7.3 billion in May. The company's ViaSat-3 Americas satellite, which launched in April, suffered an antenna issue during deployment, while communications satellite from Inmarsat malfunctioned after launching to space in February.

Persons: Mike Blake, Guru Gowrappan, Gowrappan, Pratik Jain, Shounak Dasgupta, Shilpi Majumdar Organizations: Viasat, REUTERS, Wall, Reuters, ViaSat, Thomson Locations: Carlsbad , California, U.S, North America, British, Americas, Bengaluru

☆ Bill Holdings nears $1.95 billion payments deal for Melio - Bloomberg News
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Nov 8 (Reuters) - Software services provider Bill Holdings (BILL.N) is in advanced talks to acquire Melio Payments, a provider of digital payment tools, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. The transaction values Melio at $1.95 billion, according to the report, which added that the cash-and-stock deal could be announced as soon as this week. Bill Holdings' shares were down more than 13% at $54 in extended trading. Bill Holdings did not immediately respond to a Reuters request for comment, while Melio could not be reached for comment. Last week, Bill Holdings forecast annual and second-quarter adjusted net income below expectations as some of its larger businesses scale back spending.

Persons: Bill, Melio, Granth, Shilpi Majumdar, Shounak Organizations: Software, Bill Holdings, Melio, Bloomberg, Bloomberg News, Thomson Locations: Bengaluru

☆ Take-Two Interactive forecasts downbeat bookings on sluggish demand
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

NBA 2K22 and Grand Theft Auto 5 by Take-Two Interactive Software Inc are seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 8 (Reuters) - Take-Two Interactive Software (TTWO.O) on Wednesday forecast third-quarter net bookings below market expectations, hurt by a slowdown in spending on the company's gaming titles such as "Grand Theft Auto" and "Red Dead Redemption". However, investors remain optimistic about the launch of Take-Two's "Grand Theft Auto VI", the latest installment in the franchise. Take-Two forecast third-quarter net bookings between $1.30 billion and $1.35 billion, compared with estimates of $1.44 billion, according to LSEG data. Total net bookings in the quarter fell 4% to $1.44 billion, compared with analysts' estimates of $1.43 billion.

Persons: Andrew Kelly, Zaheer Kachwala, Shounak Dasgupta Organizations: Software Inc, REUTERS, Electronic Arts, Rockstar Games, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

Nov 8 (Reuters) - NuScale Power (SMR.N) said on Wednesday it has agreed with a power group in Utah to terminate the company's small modular reactor project, dealing a blow to U.S. ambitions for a wave of nuclear energy to fight climate change and sending NuScale's shares down 20%. In 2020, the Department of Energy approved $1.35 billion over 10 years for the plant, known as the Carbon Free Power Project, subject to congressional appropriations. NuScale's Utah plant was expected to be the first SMR to win a license from the U.S. Nuclear Regulatory Commission for construction. An Energy Department spokesperson said it was unfortunate news, but added, "We believe the work accomplished to date on CFPP will be valuable for future nuclear energy projects. So far, only NuScale's SMR design has been approved by the NRC.

Persons: NuScale, John Hopkins, Critics, Biden, Manas Mishra, Timothy Gardner, Shounak Dasgupta, Krishna Chandra Eluri, Leslie Adler Organizations: Department of Energy, Carbon, Power, Utah Associated Municipal Power Systems, SMR, U.S . Nuclear Regulatory Commission, Energy Department, DOE, NRC, Thomson Locations: Utah, Romania, Kazakhstan, Poland, Ukraine, NuScale's Utah, U.S, Bengaluru, Washington

☆ Goldman Sachs plans to offload GM credit card - source
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 7 (Reuters) - Goldman Sachs (GS.N) plans to offload its General Motors (GM.N) credit cards, a person familiar with the matter told Reuters on Tuesday. GM will start a process to find a new issuer for the cards instead of Goldman Sachs, the source added. Goldman CEO David Solomon has now shifted the firm's focus back to its traditional strengths - investment banking and trading - and aims to grow in asset and wealth management. Reporting by Saeed Azhar in New York and Manya Saini in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Cook, Goldman Sachs, Goldman, David Solomon, Saeed Azhar, Manya, Shounak Dasgupta Organizations: General Motors, REUTERS, Motors, Reuters, GM, Wall Street, Manya Saini, Thomson Locations: Detroit , Michigan, U.S, dealmaking, New York, Bengaluru

Covergirl makeup, owned by Coty Inc, is seen for sale in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 7 (Reuters) - Coty (COTY.N) on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent's new makeup and fragrance launches. Coty's efforts to launch key products such as Burberry Goddess in its high-end "prestige" category and CoverGirl's Yummy Gloss in the consumer beauty category drove a double-digit increase in these segments. The company now expects fiscal 2024 core like-for-like sales growth between 9% and 11%, compared with its previous outlook of an 8% to 10% rise. On an adjusted basis, Coty earned 12 cents per share, compared with analysts' estimates of 17 cents.

Persons: Andrew Kelly, Laurent Mercier, Z, Coty's, Thomas Hayes, Coty, Ananya Mariam Rajesh, Shounak Dasgupta Organizations: Coty Inc, REUTERS, Coty, Burberry, Reuters, Thomson Locations: Manhattan , New York City, U.S, United States, Europe, Swiss, Bengaluru

☆ Robinhood misses Q3 revenue estimates on muted trading activity
▼ + stars: | 2023-11-07 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid Acquire Licensing RightsNov 7 (Reuters) - Robinhood Markets (HOOD.O) missed Wall Street estimates for third-quarter revenue on Tuesday, weighed by a slowdown in trading activity, sending shares of the online brokerage down more than 9% in extended trading. Robinhood was at the center of the 2021 retail trading frenzy, driven by mom-and-pop investors who used the company's commission-free platform to pump money into so-called "meme stocks" during the pandemic-era lockdowns. Reuters GraphicsAccording to company executives, Robinhood often sees lower trading volumes around the holidays in November and December. The company also expects its interest revenue to decline in the current quarter on a sequential basis. Reuters GraphicsRobinhood's net revenue rose 29% to $467 million in the three months ended Sept. 30, but missed analysts' expectations of $478.4 million, as per LSEG data.

Persons: Brendan McDermid, Robinhood, Jason Warnick, Manya Saini, Shilpi Majumdar, Shounak Organizations: Robinhood Markets, Inc, Nasdaq, REUTERS, Reuters, U.S, U.S . Federal, Reuters Graphics, Thomson Locations: New York City, U.S, U.S ., Bengaluru

☆ EBay forecasts fourth-quarter results below estimates on weak consumer spending
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 7 (Reuters) - Ebay (EBAY.O) forecast fourth-quarter revenue and profit below Wall Street estimates on Tuesday and joined other e-commerce platforms in sounding the alarm on weaker-than-expected consumer spending. EBay forecast current-quarter revenue in the range of $2.47 billion to $2.53 billion, compared with estimates of $2.60 billion, according to LSEG data. The company also expects current-quarter adjusted profit per share in the range of $1 to $1.05, compared with estimates of $1.04. Third-quarter revenue rose 5% to $2.50 billion, in line with Wall Street expectations, as the company saw an uptick in demand for refurbished goods. On an adjusted basis, eBay earned $1.03 per share, compared with estimates of $1.

Persons: Dado Ruvic, Jamie Iannone, Jefferies, D.A, Tom Forte, Chavi Mehta, Shounak Dasgupta Organizations: eBay, REUTERS, Ebay, Wall, Amazon, Davidson &, EBay, Thomson Locations: Jose , California, Europe, United States, Bengaluru

☆ Goldman Sachs plans to scrap GM credit card - source
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsNov 8 (Reuters) - Goldman Sachs (GS.N) is planning to scrap its co-branded credit cards with General Motors (GM.N), a person familiar with the matter told Reuters on Tuesday. General Motors said it would continue to "reward customers for their loyalty to our brands." Last month, Goldman beat estimates for third-quarter profit but said its ill-fated foray into consumer banking continued to weigh. Growing investor skepticism over the business has prompted CEO David Solomon to shift the firm's focus back to its traditional strengths - investment banking and trading.

Persons: Rebecca Cook, Goldman Sachs, General Motors, Goldman, David Solomon, Saeed Azhar, Manya, Shounak Dasgupta, Anil D'Silva Organizations: General Motors, REUTERS, Reuters, General, Street Journal, Sixth Street Partners, Manya Saini, Thomson Locations: Detroit , Michigan, U.S, New York, Bengaluru

☆ Taser maker Axon raises full year revenue outlook
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +1 min

The headquarters for Axon Enterprise Inc, formerly Taser International, is seen in Scottsdale, Aizona, U.S., May 17, 2017. REUTERS/Ricardo Arduengo Acquire Licensing RightsNov 7 (Reuters) - Taser maker Axon Enterprise (AXON.O) on Tuesday raised its full-year revenue forecast on strong demand for its software products and newly launched TASER 10. The company now expects full-year revenue of about $1.55 billion, compared with its previous forecast of $1.51 billion to $1.53 billion. Axon's international revenue jumped 52% in the third quarter on the back of increased presence in Europe following the acquisition of Brussels-based Sky-Hero in June. The company posted total quarterly revenue of $413.6 million, compared with estimates of $391.1 million in the quarter.

Persons: Ricardo Arduengo, Aishwarya Jain, Shounak Dasgupta Organizations: Enterprise Inc, REUTERS, Thomson Locations: Scottsdale, Aizona, U.S, North America, Europe, Australia, Brussels, Arizona

☆ Bumble forecasts weak fourth-quarter revenue, shares fall
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Match last month, however, forecast fourth-quarter revenue below market estimates, reflecting the impact of a strong dollar and risk to revenue from Israel against the backdrop of the Middle East conflict. Total paying users across Bumble's apps including Badoo and Fruitz increased to 3.8 million in the third quarter, compared with 3.3 million a year earlier. Austin, Texas-based Bumble expects revenue for the quarter ending Dec. 31 to be between $272 million and $278 million, compared with analysts' estimates of $285.9 million, according to LSEG data. Total average revenue per paying user increased to $23.42 in the third quarter, compared with $22.96 a year earlier. The company posted revenue of $275.5 million, compared with estimates of $277 million.

Persons: Mike Segar, Bumble, Whitney Wolfe, Lidiane Jones, Jaspreet Singh, Shounak Dasgupta, Shilpi Majumdar Organizations: Nasdaq, Inc, REUTERS, Wall, Slack, Match, Thomson Locations: New York City , New York, U.S, Israel, Middle East, Austin , Texas, Bengaluru

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