Category: Costs
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Clorox forecasts annual profit above estimates, beats fourth-quarter profit on lower input costs By Reuters
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(Reuters) – Bleach maker Clorox Co forecast annual profit to beat estimates after beating fourth-quarter earnings on Thursday, helped by back-to-back price increases in home care products and reduced input costs that improved margins. Demand for the company’s cleaning products such as floor cleaners and disinfectant sprays improved as consumers…
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Lufthansa sees earnings slump in third quarter as costs rise By Reuters
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By Ilona Wiesenbach, Joanna Plosinska, and Rachel Moore BERLIN/LONDON (Reuters) – Lufthansa warned on Wednesday of a drop in third-quarter profit as the German airline group faces higher wage costs and pressure on ticket prices, pointing to tougher market conditions in the aviation sector. Airfare prices in Europe and Asia…
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Here are the top 5 European destinations for Americans heading abroad this summer, but rising costs are putting travel out of reach for many
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More Americans are traveling abroad. More than ever in recorded historyNearly 49 million Americans visited a foreign country last year, with the number of annual travelers increasing by 10 million since 2022 and surpassing pre-COVID-19 levels. This is good news, given that increased restrictions on international travel have caused the…
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Health insurer Elevance beats profit estimates on lower medical costs By Reuters
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By Sriparna Roy and Bhuyan Singh (Reuters) – Elevance Health Inc beat Wall Street estimates for quarterly profit on Wednesday as the company spent less than expected on covering medical costs for its members. Strength in the Carelon Healthcare Services unit, higher premiums and membership growth in Obamacare and commercial…
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Emma Bridgewater’s Pottery Empire Faces £1.4m Loss Amid Rising Costs
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Iconic British pottery designer Emma Bridgewater has announced a loss of nearly £1.4 million for her homewares brand, due to deep discounts and increased online competition. This contraction follows a £1.1m profit the previous year. The Stoke-on-Trent-based company, which Bridgewater founded herself, saw a 9% rise in sales to £36.2m…
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Yaccarino shakes up X amid Musk’s pressure on costs, FT says By Reuters
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(Reuters) – The CEO of social media platform X, Linda Yaccarino, has shaken up her inner circle in the face of pressure from owner Elon Musk to boost sales and cut costs, the Financial Times said on Sunday. This month, Yaccarino fired her right-hand man and head of business operations…
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Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters
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Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…
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Ford tests shipping cars from Mexico’s Guaymas port to cut logistics costs By Reuters
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Written by Kylie Maddrey MEXICO CITY (Reuters) – Ford shipped the first batch of cars on Tuesday from the previously neglected port of Guaymas near its factory in the northern Mexican state of Sonora in a project that could cut the U.S. automaker’s logistics costs if it is fully launched,…
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Travel Insurance Costs: What You Need to Know Before Your Next Trip
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 12, 2024 • 3 minutes…
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Rivian updates R1 with new motors, battery packs for improved performance and lower costs
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Rivian (RIVN) has unveiled its updated R1 pickup and SUV, with improved features and new powertrains aimed at making its electric vehicles cheaper to manufacture. The R1T pickup and R1S SUV maintain their distinctive exterior design. Most of the changes are done under the hood as well using software. The…
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Inflation, high living costs push seniors to riskier investments
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Breadcrumb links Investor Fixed-income investments have long been an attractive option for an aging population, but with rates falling, there is a growing appetite for risk. Posted on May 25, 2024 • Last updated 43 minutes ago • 3 minutes read You can save this article by registering for free…
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Australia’s Telstra to axe up to 2,800 jobs by year-end to cut costs By Reuters
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(Reuters) – Australian telecommunications company Telstra (OTC:) said on Tuesday it would cut up to 2,800 jobs from its direct workforce by the end of this year, as part of its proposed measures to streamline operations and cut costs. Telstra said consultations on 377 of these roles would begin immediately,…
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BMW says costs, low used car prices to weigh on 2024 pre-tax profit By Reuters
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Written by Andrei Sychev and Nick Carey BERLIN (Reuters) – BMW said on Wednesday it expects a slight decline in pre-tax profits this year due to higher research and development, manufacturing and employee costs, with lower used car prices also contributing to the decline. The Munich-based automaker reported a decline…
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Brexit Checks Could Inflate UK Food Import Costs by Up to 60%, Warn Importers
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UK food importers are sounding the alarm over post-Brexit checks, warning of potential cost increases of up to 60%, which could lead to higher prices for consumers and pose existential threats to some businesses. After five previous delays, the UK government implemented physical checks on animal and plant products coming…