business
Hershey Raises Outlook as Cocoa Prices Moderate
The chocolate maker said the sky-high cocoa inflation of the past two years has started to ease, but costs still ate into its third-quarter profit. Source link
Restaurant Brands Shrugs Off Consumer Caution with Strong Sales
Restaurant Brands International is proving resilient against a cautious consumer, posting higher quarterly sales driven by its Tim Hortons chain and a pickup from Burger King’s international operations. Source link
Comcast Stock Drops After Broadband Subscribers Fall for 10th Straight Quarter
The company lost 104,000 subscribers from its crucial domestic broadband business in the third quarter, a downward trend the company predicted will continue. Source link
Software Firm Tests IPO Waters During Shutdown
Navan will be the first large company to debut without a fully functioning Securities and Exchange Commission. Source link
Onex, AIG to Jointly Buy Specialty Insurer Convex for $7 Billion
Onex will buy a 63% equity stake in the privately-held property and casualty insurer, with AIG buying 35%. Source link
‘Crime Junkie’ Company in Deal to Bring Podcasts to Tubi
Tubi’s parent, Fox, is among several traditional media companies partnering with creators. Source link
BYD Profit Drops as Competition Dents Revenue
Net profit dropped 33%, highlighting the challenges the automaker faces as it seeks to be recognized for its high-quality brand rather than low-cost EVs. Source link
Mastercard Profit Rises as Consumers Continue to Spend
Mastercard reported higher third-quarter profit and sales, citing strong consumer and business spending. Source link
Shake Shack Sales Climb in Third Quarter
The fast-casual burger chain reported a higher net income of $12.5 million, compared with a loss of $10.2 million in the same quarter a year ago. Source link
BP Presses Ahead With Major Discovery Offshore Brazil
The company is moving ahead with plans for its largest oil and gas discovery in 25 years, after confirming that the site offshore Brazil holds a significant volume of liquids. Source link