Category: Business

[ad_1] By Utkarsh Shetti and Supantha Mukherjee (Reuters) – Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growth areas, according to three sources familiar with the matter. The San Jose, California-based company has a total employee count of 84,900 as…

[ad_1] Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs that are leading to higher prices for chocolate. Cocoa futures prices have doubled over the past year and hit an all-time high of $5,874 per metric ton on Friday. Bad weather in West Africa is being blamed for…

[ad_1] LOUISVILLE, KY. — Digital sales and automation rose in importance at Yum! Brands in the fiscal year ended Dec. 31, 2023, while same-store sales, excluding foreign currency translation, increased 6%. The Middle East crisis, however, began to affect KFC and Pizza Hut negatively in the fourth quarter. Net income of $1.60 billion, equal to…

[ad_1] tommy/Getty Images It’s time for another quick whirl around the Executive Turntable, Billboard’s comprehensive(ish) compendium of promotions, hirings, exits and firings — and all things in between — across music. Are you asking yourself “Hey, Wha’ Happened?!” amid this week’s overhaul at Capitol Music Group? Here’s a rundown. When you’re done processing that, get a…

[ad_1] Expedia (EXPE) announced a CEO change late Thursday while beating earnings estimates for the fourth quarter. Expedia stock tanked below a key level Friday after hitting a 52-week high Thursday. The online travel company’s earnings release showed Q4 bookings came in slightly below Wall Street estimates. Outlook for the current first quarter also “suggests…

[ad_1] 24 Mins Ago S&P 500 opens above 5,000 threshold The S&P 500 rose on Friday to open above the 5,000 level. The benchmark index added 0.1%, while the Nasdaq Composite added 0.3%. The Dow Jones Industrial Average inched down 7 points. For the week, the S&P is up 0.9%, while the blue-chip Dow and…

[ad_1] WESTCHESTER, ILL. — Income and sales increased for Ingredion in the fiscal year ended Dec. 31, 2023, despite volume declines, especially in the fourth quarter. Net income of $643 million, equal to $9.74 per share on the common stock, was up 31% from $492 million, or $7.43 per share, in the previous fiscal year….

[ad_1] Golf Business News - American Golf launches free in-store ‘Full Game Review’ …

[ad_1] England Golf has launched a new initiative with SMART sustainability platform Zellar to help over 1,700 golf clubs in England go greener. The relationship has potential to save England Golf affiliates a combined total of £1.5m and reduce their total carbon emissions by over 1,200 tonnes by 2026.  The programme follows a successful…