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Stanley Black & Decker lowers annual profit forecast on higher production costs
Reuters· 2025-11-04 12:26
Core Viewpoint - Stanley Black & Decker has lowered its annual profit forecast due to increased production costs, resulting in a nearly 4% decline in its shares during premarket trading [1] Company Summary - The company has adjusted its profit outlook for the year, indicating challenges in managing production expenses [1] - The reduction in profit forecast has led to a negative market reaction, as evidenced by the drop in share price [1] Industry Summary - The news highlights the impact of rising production costs on companies within the power tools sector, suggesting potential challenges for other players in the industry [1]
Henry Schein lifts annual forecast on strong dental, medical equipment sales
Reuters· 2025-11-04 12:23
Medical equipment distributor Henry Schein raised its annual profit forecast after beating Wall Street estimates for third-quarter results on Tuesday, driven by strong sales in its dental and medical ... ...
Canada's Shopify forecasts upbeat holiday-quarter revenue
Reuters· 2025-11-04 12:11
Core Insights - Shopify projected strong fourth-quarter revenue growth, indicating resilient demand as retailers prepare for the holiday shopping season [1] Company Summary - Shopify is experiencing robust demand, which is reflected in its revenue growth projections for the upcoming fourth quarter [1] Industry Summary - The e-commerce sector is gearing up for the critical holiday shopping season, with companies like Shopify signaling positive trends in consumer spending [1]
Bunge in talks to buy stake in Brazil's Kepler Weber, O Globo reports
Reuters· 2025-11-04 12:10
Core Viewpoint - Bunge is negotiating to acquire a stake in Brazilian silo manufacturer Kepler Weber, which is currently owned by asset manager Trigono Capital [1] Company Summary - Bunge is actively pursuing an investment opportunity in Kepler Weber, indicating a strategic interest in expanding its operations in the agricultural sector [1] - Kepler Weber is recognized as a significant player in the silo manufacturing industry in Brazil, which may enhance Bunge's capabilities in grain storage and handling [1] Industry Summary - The discussions between Bunge and Trigono Capital highlight ongoing consolidation trends within the agricultural equipment sector, particularly in Brazil [1] - The potential acquisition reflects the growing demand for efficient grain storage solutions in the context of increasing agricultural production [1]
Waters Corp raises annual profit forecast on stronger lab equipment demand
Reuters· 2025-11-04 12:10
Lab equipment maker Waters Corp raised its annual profit forecast on Tuesday, after beating third-quarter profit estimates on improved demand from biotech clients for its tools used in drug developmen... ...
Merck and Blackstone enter research agreement to develop cancer therapy for $700 million
Reuters· 2025-11-04 12:00
Merck said on Tuesday that it has entered into an agreement to receive funds managed by Blackstone Life Sciences for $700 million to develop an experimental cancer therapy. ...
Uber forecasts strong holiday-quarter bookings on membership boost
Reuters· 2025-11-04 11:58
Uber Technologies on Tuesday forecast fourth-quarter gross bookings above expectations as its membership program drives up demand for both rides and deliveries heading into the holiday season. ...
Harley-Davidson's third-quarter profit rises
Reuters· 2025-11-04 11:57
Harley-Davidson reported a higher third-quarter profit on Tuesday, helped by cost-saving measures and strong margins from its custom touring models. ...
Deutsche Telekom partners with NVIDIA for AI cloud for Q1 2026
Reuters· 2025-11-04 11:54
Germany's Deutsche Telekom said on Tuesday it is launching an industrial AI cloud with NVIDIA in a 1 billion euro ($1.17 billion) partnership that will go live in the first quarter of 2026. ...