June 2, 2022 10:12 am
Capri Holdings Ltd (CPRI) on Wednesday revised up its full-year profit forecast, as it signaled strong demand for its Michael Kors handbags and Versace dresses. Total revenue went up 24.6% year-on-year to $1.49 billion during the fourth quarter ended on April 2nd, while outstripping a consensus of analyst estimates of $1.41 billion. Revenue at Capri’s […]
Read moreJune 1, 2022 9:07 am
Panasonic Holdings Corp (6752) said on Wednesday that it expected car production worldwide to recover during the current fiscal year. Still, the company, which makes batteries for Tesla, expects the two-year long chip crunch to continue. “We will be running our business as we consider risks of fluctuations on vehicle production,” Masashi Nagayasu, the Chief […]
Read moreJune 1, 2022 7:24 am
Sprott Inc (SII) said on Tuesday that its board of directors had appointed Whitney George as the company’s next Chief Executive Officer, effective June 30th. At present being Sprott Inc’s President, George will take over from Peter Grosskopf, who will focus full time on his roles as Chief Executive Officer of Sprott Capital Partners and […]
Read moreMay 31, 2022 10:32 am
During a Star Wars Celebration event last week, Respawn Entertainment, Electronic Arts and Lucasfilm Games revealed “Star Wars Jedi: Survivor”, the next chapter of the acclaimed action-adventure series that will focus on the journey of Jedi Cal Kestis. Developed by the veteran team at Respawn led by game director Stig Asmussen, Star Wars Jedi: Survivor […]
Read moreMay 30, 2022 10:31 am
easyJet (EZJ) said over the weekend that it would cancel more than 200 flights over the next 10 days because of airport delays and other restrictions. The air carrier said it would cancel about 24 flights per day from London’s Gatwick Airport between May 28th and June 6th. Last Thursday the airline was forced to […]
Read moreMay 27, 2022 10:16 am
Toyota Motor Corp (7203) on Friday revised down its global production plan for June for the second time this week. The Japanese auto maker cut the planned production by about 50,000 vehicles to 800,000 units, as it cited the impact of the Shanghai lockdown. The company said that operations at some of its facilities across […]
Read moreMay 27, 2022 8:33 am
Southwest Airlines Co (LUV) on Thursday provided upbeat revenue forecast for the current quarter due to robust travel demand, despite concerns that a surge in inflation may curb consumer spending. The company said it now expected a 12% to 15% increase in current-quarter operating revenue compared to pre-pandemic levels. Previously, it had forecast an 8% […]
Read moreMay 26, 2022 10:00 am
Apple Inc (AAPL) said on Wednesday that it would raise the starting pay for its employees in the United States amid a tight labor market and a surge in unionization efforts. Apple’s US team members will now receive starting pay of $22 per hour or higher based upon the market, which is a 45% increase […]
Read moreMay 26, 2022 7:50 am
Xperi Holding Corporation (XPER) said on Wednesday that it had appointed Paul Davis as Chief Executive Officer of Adeia, Xperi’s intellectual property business. The appointment will become effective once the separation of Adeia as a stand-alone company is completed during the fall. Prior to spinoff, Davis is to serve as the President of Adeia, while […]
Read moreMay 25, 2022 10:14 am
Best Buy Co Inc (BBY) on Tuesday revised down its full-year earnings forecast, as it became another major US retailer to warn of an inflation impact. Best Buy’s comparable sales shrank 8% year-on-year during the first quarter ended on April 30th, but outstripped market expectations of a 9.1% decline. The company now expects a 3% […]
Read more