Slim’s America Movil posts third-quarter loss, hurt by Colombia payment
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil on Tuesday reported a net loss of 9.55 billion pesos ($525 million) for the third quarter, with its results dragged down by a costly Colombian arbitration panel ruling.
Chipotle shares fall as store openings scaled back, profit disappoints
(Reuters) – Chipotle Mexican Grill Inc will open fewer restaurants to get “fundamentals right” and posted disappointing quarterly sales and earnings on Tuesday, as the company struggles to recover from a bruising string of food safety lapses.
With China dream shattered over missile land deal, Lotte faces costly overhaul
SEOUL (Reuters) – Pressed by Seoul into a land swap deal needed for a controversial new missile defense system earlier this year, South Korean conglomerate Lotte Group had good reason to be skeptical.
America Movil posts third-quarter loss of 9.55 billion pesos
MEXICO CITY (Reuters) – Mexican billionaire Carlos Slim’s America Movil on Tuesday reported a net loss of 9.55 billion pesos ($525 million) for the third quarter, hurt by the depreciation of the peso.
Chipotle’s sales disappoint, shares dive 10 percent
(Reuters) – Chipotle Mexican Grill Inc reported a smaller-than-expected rise in sales at established restaurants, hurt by mixed reviews of its new queso side dish, and the founder said his company was slowing down store openings to get “fundamentals r…
Dow jumps with upbeat 3M, Caterpillar earnings
NEW YORK (Reuters) – The Dow rallied on Tuesday, registering its biggest daily percentage gain in more than a month, as stronger-than-expected results and forecasts from companies including 3M and Caterpillar fueled optimism about economic strength.
Twitter to label election ads after U.S. regulatory threat
SAN FRANCISCO (Reuters) – Twitter Inc said on Tuesday it would add labels to election-related advertisements and say who is behind each of them, after a threat of regulation from the United States over the lack of disclosure for political spending on …
AT&T results miss estimates as video competition rises
NEW YORK (Reuters) – AT&T Inc’s quarterly results missed Wall Street estimates as the U.S. No. 2 wireless carrier lost video subscribers to traditional and online TV competitors and fewer of its existing customers upgraded their devices ahead of Apple Inc’s launch of the iPhone X.
Chipotle’s sales disappoint, shares dive 6 percent
(Reuters) – Chipotle Mexican Grill Inc reported a smaller-than-expected rise in sales at established restaurants, hurt by mixed reviews of its new queso side dish and a Norovirus outbreak that forced the brief closure of a Virginia restaurant in July….
At least three buyout groups seen advancing in Unilever spreads auction: sources
LONDON (Reuters) – At least three bidders are expected to be shortlisted for the second round of an auction for Unilever’s margarine and spreads business while two other private equity groups are no longer in the fray, sources told Reuters.
