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Walmart"s Mexico unit blames government cash aid, as revenue rise slowest in three quarters

Walmart de Mexico , Mexico's biggest retailer, reported on Thursday its slowest revenue growth in three quarters, with its core supermarket chain hit by competition after the government altered a welfare spending programme......»»

Category: topSource: reutersFeb 13th, 2020

Walmart"s Mexico unit pays scaled-down tax of $358 million after government talks

Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday......»»

Category: topSource: reutersMay 26th, 2020

Walmart"s Mexico unit posts 2.7% rise in January same-store sales

Walmart de Mexico, the country's biggest retailer, said on Monday that sales at stores in Mexico open for more than a year rose 2.7% in January, compared with the same month last year......»»

Category: topSource: reutersFeb 10th, 2020

General Electric CEO sees 2019 industrial revenue rising, cash weak

General Electric Co expects industrial revenue to rise by low to mid-single-digit percent this year, as gains at renewable energy, aviation and healthcare offset a decline in the power unit, Chief Executive Officer Larry Culp said on Thursday......»»

Category: topSource: reutersJan 31st, 2019

Exclusive: Mexico"s oil hedge to be pricier, but government likely doing it anyway

Mexico will have to pay more for less coverage under its giant oil revenue insurance policy for 2021, but will likely go ahead anyway to avoid further damaging its financial standing with international investors, sources said......»»

Category: topSource: reutersJun 15th, 2020

Walmart"s Flipkart to re-apply for food retail license in India

Walmart Inc's Indian e-commerce unit Flipkart said on Monday it would re-apply for a food retail license in India after reports said its earlier proposal was rejected by the government last week......»»

Category: topSource: reutersJun 1st, 2020

Walmart"s Mexico unit hires over 7,700 employees to manage higher demand

Walmart de Mexico, known locally as Walmex , has hired 7,741 employees to manage higher volume and demand at its stores, the retailer said in a statement on Wednesday.....»»

Category: topSource: reutersApr 8th, 2020

Walmart"s Mexico unit says CFO to step down

Walmart de Mexico said on Tuesday that its chief financial officer Olga Gonzalez has resigned for personal reasons and will leave her post by April 30......»»

Category: topSource: reutersMar 24th, 2020

Walmart"s Mexico unit pulls elderly workers from checkouts on coronavirus concerns

Grocers including Walmart de Mexico have begun bowing to pressure to pull from stores tens of thousands of elderly workers who pack bags at checkouts as concerns grow about their vulnerability to coronavirus amid panic buying nationwide......»»

Category: topSource: reutersMar 20th, 2020

Bitcoin Drove Half of Square’s Cash App Revenue in the 4th Quarter

Square reported bitcoin revenues of $178 million between Nov. 1 and Dec. 31, 2019, with profits of $3 million, up 50 percent over the prior two quarters......»»

Category: forexSource: coindeskFeb 26th, 2020

Walmart"s Mexico unit posts 4.5% drop in net profit

Walmart de Mexico, Mexico's largest retailer, on Thursday reported fourth quarter net profit of 11.2 billion pesos ($594.7 million), a 4.5% drop over the same period last year......»»

Category: topSource: reutersFeb 13th, 2020

Microsoft cloud revenue regains momentum, sending profit above Street estimates

Microsoft Corp on Wednesday reported quarterly sales and profit that beat Wall Street expectations, driven by the first acceleration of Azure cloud computing revenue growth in eight quarters amid a pitched battle with Amazon.com Inc’s cloud unit......»»

Category: topSource: reutersJan 29th, 2020

IBM reports surprise revenue rise on cloud growth

International Business Machines on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business......»»

Category: topSource: moneycentralJan 21st, 2020

IBM reports surprise revenue rise on cloud growth

International Business Machines on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business......»»

Category: topSource: moneycentralJan 21st, 2020

IBM reports surprise revenue rise on cloud growth

International Business Machines Corp on Tuesday reported a surprise rise in revenue, its first in six quarters, benefiting from its high-margin cloud computing business......»»

Category: topSource: reutersJan 21st, 2020

Americans Love 7-Eleven and Wawa More Than Walmart: Report

Convenience stores across the United States saw a rise in revenue and the number of outlets over the last decade, CNN reported on Sunday, citing data from the National Association of Convenience Stores. What Happened Accord.....»»

Category: earningsSource: benzingaJan 13th, 2020

How NM gov"t contractors tap into a lucrative revenue stream

Government spending is big business in New Mexico......»»

Category: topSource: bizjournalsDec 2nd, 2019

Crombie REIT Announces Third Quarter 2019 Results

Third Quarter Summary(In thousands of CAD dollars, except per unit amounts and as otherwise noted) Operating income of $30,049 Property revenue of $97,346 Same-asset property cash NOI growth of 3.3% Debt to gross book value -.....»»

Category: earningsSource: benzingaNov 6th, 2019

Daimler reports third-quarter operating profit rose 8%

Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported a slight rise in third-quarter operating profit......»»

Category: topSource: reutersOct 24th, 2019

Huawei"s revenue rises 24.4% in first three quarters of 2019

Huawei Technologies Co Ltd, the Chinese technology giant blacklisted by the U.S. government, said revenue grew 24.4% in the first three quarters of 2019 to 610.8 billion yuan ($86 billion)......»»

Category: topSource: reutersOct 16th, 2019

Southwest updates Q3 guidance, cuts unit costs and capacity outlooks

Southwest Airlines Co. disclosed Wednesday that it expects third-quarter operating revenue per available seat mile (RASM) to rise 3% to 5% from a year ago, citing continued "solid demand and strong passenger yield trends." That .....»»

Category: topSource: marketwatchSep 18th, 2019