Siemens raises growth target with digital drive
Siemens (SIEGn.DE) unveiled targets on Thursday to outpace the market by combining its core engineering business with digital expertise in the first strategic blueprint under new Chief Executive Roland Busch.
Afterpay’s move to open to major U.S. merchants will boost margins, analysts say
Afterpay’s (APT.AX) move to expand its buy now, pay later service to major U.S. merchants it has not directly partnered with will boost sales and margins, analysts said on Thursday, as the Australian company’s shares rose nearly 8%.
Krispy Kreme eyes near $4 bln valuation in U.S. IPO
Krispy Kreme Inc is targeting a valuation of nearly $4 billion in a U.S. initial public offering, according to a regulatory filing on Tuesday, as the donut chain aims a return to the stock market to capitalize on the record capital markets activity.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now.
Higher prices boost Lennar profit in tight U.S. housing market
June 16 (Reuters) – Lennar Corp (LEN.N) beat quarterly profit on Wednesday, helped by higher prices due to a tight supply of homes in the United States.
Nigeria’s Twitter ban leaves some businesses in the lurch
Lagos-based entrepreneur Ogechi Egemonu was selling more than 500,000 naira ($1,219) worth of watches, shoes and handbags on Twitter per week.
Inditex ignited by post-lockdown clothing binge
Spanish fast fashion giant Inditex (ITX.MC) said sales in May and so far in June were twice as high as in the same period last year as customers splashed out on post-lockdown shopping sprees.
Broadcom forecasts upbeat current-quarter sales on 5G ramp up
Broadcom Inc (AVGO.O) forecast current-quarter revenue above Wall Street expectations on Thursday, as the semiconductor firm is set to benefit from the rising adoption of 5G technology.
Sustained workout wear demand drives Lululemon’s upbeat 2021 forecasts
Lululemon Athletica Inc (LULU.O) forecast full-year net revenue and profit above Street estimates on Thursday, anticipating continued demand for its workout wear despite easing COVID-19 restrictions in many of its top markets.
As unpredictable Games looms, Japan’s sponsors struggle to adapt
With less than two months left until the start of the Tokyo Olympic Games, Japan’s Asahi Breweries still doesn’t know whether fans will be allowed into stadiums to buy its beer.
