Hertz Shares Slide as Rebound in Business Travel Proves Elusive
Hertz Global Holdings Inc. reported a profit of 87 cents a share, beating analyst estimates of 80 cents amid a rebound in leisure trips, but investors remain wary of the slow return of corporate travel and sustainability of pricing gains. Hertz, which emerged from bankruptcy in October, said first-quarter revenue of $1.8 billion was up…
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Chipotle CEO: Chain nearly halfway to goal of 7K North American stores
Chipotle surpassed 3,000 locations during Q1 2022, with its store count increasing by a net of 48 units during the period to 3,014 total,. Of the 51 new units opened during the quarter, 42 of these locations include a Chipotlane, a model the company has aggressively expanded for several years due to the higher revenue,…
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Microsoft Will Need to Get ‘Call of Duty’ Back on Target
For all the obstacles Microsoft MSFT; still faces in its effort to acquire Activision Blizzard, getting the deal done might actually turn out to be the easy part.
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Just Eat Takeaway considering sale of Grubhub
Dive Brief:Just Eat Takeaway is “exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub,” the company said in its Q1 2022 earnings release on Wednesday. JET originally bought Grubhub in 2020.JET CEO Jitse Groen confirmed with analysts on the call that management is having active discussions around Grubhub,…
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Bilibili, DouYu Rise in U.S. as China Ends Video Game Freeze
Shares of Chinese video-game makers and live-streaming platforms rallied on Monday, after China approved the first batch of new video game licenses since July.
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Alibaba, Didi Fuel $80 Billion Rally for Chinese Stocks in U.S.
Alibaba Group Holding Ltd. and Didi Global Inc. rallied for a second day, adding $80 billion in value to U.S. listed Chinese stocks as fears of potential delistings eased. The Nasdaq Golden Dragon China Index jumped as much as 6.1% Monday, adding to Friday’s climb after Beijing regulators published revised draft rules scrapping requirements that…
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