planning – The News Desk

Investors Have Cut China’s Internet Giants Down to Size

31Dec

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World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

31Dec

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Money

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Nike Sends Warning About Slowing Consumer Spending

22Dec

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World

Nike Sends Warning About Slowing Consumer Spending

Updated Dec. 21, 2023 7:41 pm ETNike cut its revenue outlook for the year amid concerns that consumers around the world are becoming more cautious with their spending.The sneaker and apparel company on Thursday said it anticipates softer sales for the second half of the year. It also plans to shave up to $2 billion in costs over the next three years through streamlining the organization and shedding employees among other moves. Shares plunged nearly 11% in after-hours trading.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

18Dec

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World

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0702 GMT – Centrica has had an outstanding 2023, outperforming the utility sector by around 50%, but 2024 looks to be a more normalized earnings year, Jefferies analysts write in a research note. “We believe that Centrica’s earnings momentum has started to slow down,” they say. To unlock further value, the U.K. energy company needs more visibility on how it can put its standout balance sheet to work, they say. For them to get positive again on Centrica, it needs to deliver on business KPIs, such as growth in energy services, margins on residential energy supply, and further visibility on capital expenditure returns, the analysts say. Jefferies lowers it rat...

16Dec

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Travel

Miiro hotel brand planning properties in Paris and London – Business Traveller

Further ahead Miiro will debut in London in early 2025, with the 156-room Templeton Garden in Earl’s Court. The hotel will feature a restaurant, bar, cafe-meets-deli, and a “standout garden”. Vienna has also been confirmed as a destination for 2025, although details of the property have yet to be unveiled. Commenting on the news Neena Gupta, CEO of Miiro and executive director of group strategy and international hospitality at InterGlobe Enterprises, said: “My team and I have been developing the Miiro brand for a number of years, from the initial market research to the present day, and I’m incredibly proud of what we have created together and delighted to be announcing its launch in 2024. “We can’t wait to open the doors in Paris, Barcelona and London over the next year or so, and to con...

Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight Loss Drugs With LifeMD Telehealth Deal

13Dec

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World

Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight Loss Drugs With LifeMD Telehealth Deal

Medifast, the weight-loss company that uses coaches and low-calorie shakes and bars to help customers slim down, is diving into the Ozempic and Wegovy market.The company is investing $20 million in LifeMD, a telehealth company that provides access to doctors and nurse practitioners who can prescribe the drugs. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Choice Hotels Launches Hostile Bid for Wyndham

12Dec

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Money

Choice Hotels Launches Hostile Bid for Wyndham

Updated Dec. 12, 2023 7:05 am ETChoice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts, after repeatedly being rebuffed in its effort to strike a friendly deal.Choice on Tuesday unveiled what is called an exchange offer for Wyndham stock, appealing directly to its rival’s shareholders.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Former CNN Boss Jeff Zucker Eyes Unlikely Next Role: British Media Mogul

9Dec

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World

Former CNN Boss Jeff Zucker Eyes Unlikely Next Role: British Media Mogul

Jeff Zucker ran NBC’s “Today” show as a young executive producer and was CNN’s boss for nearly a decade. Now, the television veteran is angling for a very different assignment: turn conservative British news publications into global brands. Zucker is heading an investment group that has become the top contender to buy the Telegraph and the Spectator, a newspaper and a magazine that are both more than 150 years old. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Teamsters Strike at DHL’s Cincinnati Air Cargo Hub

7Dec

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World

Teamsters Strike at DHL’s Cincinnati Air Cargo Hub

More than 1,100 union workers at DHL’s air cargo hub at the Cincinnati/Northern Kentucky International Airport walked off the job Thursday, a move that affects one of the parcel carrier’s largest logistics facilities during the busiest shipping season of the year.The International Brotherhood of Teamsters said its members are protesting unfair labor practices at the hub run by DHL Express, a U.S. unit of German logistics giant Deutsche Post that handles express parcel business. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Falfurrias Raises $400 Million for Debut Growth Fund

7Dec

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World

Falfurrias Raises $400 Million for Debut Growth Fund

Dec. 7, 2023 7:00 am ET|WSJ ProFalfurrias Management Partners has wrapped up fundraising for its debut vehicle to back newer businesses with the potential for rapid growth, after expanding into the strategy last year and hiring a senior Carlyle Group executive as part of the effort. The Charlotte, N.C.-based private-equity manager said it has collected $400 million for Falfurrias Growth Partners I, hitting its upper fundraising limit for the vehicle. Investors included backers of the firm’s buyout funds. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8