) on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.The retailer is among the first major U.S. chains to provide insight into the all-important holiday quarter and how consumers are planning to spend as inflation ebbs.
It also expects annual adjusted profit per share to be between US$2.42 and US$2.47, compared with its previous forecast of US$2.35 and US$2.43. The company has invested billions on automation in its supply chain to help stock fresher produce and improve delivery times as consumers increasingly prefer the convenience of purchasing groceries online.
The injectable version could potentially protect the drug, which had sales of about US$25-billion last year, from competition that is expected when the IV version loses exclusivity later in the decade. The injection is a fixed-dose combination of Keytruda with berahyaluronidase alfa, an enzyme that allows large volume of subcutaneous, or under the skin, administration of drugs that are typically given as an IV infusion.) soared on Tuesday after the server maker sought an extension from Nasdaq for its delayed financial filings and appointed a new auditor as it looks to avoid being delisted.
Should the plan fail to get approval, the company can initiate a process to review the decision by requesting a hearing from the exchange’s Hearings Panel, which results in a 15-day stay of delisting with the possibility to extend up to 180 days. The U.S. Energy Information Administration, in its latest short-term energy outlook report, saw the country’s gas consumption rising to a record 90 billion cubic feet per day in 2024.
North America’s rising natural gas demand was driven by higher LNG exports, retiring coal plants and growing consumption in data centers associated with artificial intelligence operations, TC Energy said in its third-quarter earnings call. TC Energy also said nearly 97 per cent of its outlook was underpinned by rate regulation, along with long-term take-or-pay contracts.) sat flat after Japanese public broadcaster NHK reported on Tuesday the founding Ito family behind retailer Seven & i aims to raise more than 8 trillion yen to take it private by the end of this financial year,
The company’s shares ended little changed on Tuesday, but have climbed by more than 50 per cent to record highs since August as takeover speculation swirled.) was lower after it reported a third-quarter profit attributable to common shareholders of $15-million compared with a profit of $610-million in the same quarter a year ago as it was hit by a large one-time charge.
Hurricanes Helene and Milton devastated parts of the United States, including Florida and North Carolina, causing extensive damage to homes, bridges, power infrastructure and crops. Lowe’s, which generates roughly 75 per cent of sales from the do-it-yourself category, has witnessed persistent weakness as higher interest rates over the last few years made projects requiring refinancing less appealing.
Blackstone, the world’s largest alternative asset manager with more than US$1.1-trillion in assets under management, has been on an investing spree in food franchises this year.
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