Russia

Yum Brands Beats Quarterly Revenue Despite Earnings Miss

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Yum Brands  (NYSE: YUM) reported mixed third-quarter earnings Wednesday as the strong U.S. dollar dragged down its results. The company’s shares rose 1.5% in premarket trading amid the news. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”YUM” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”YUM” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The American fast food corporation reported …

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ExxonMobil Discloses Record Profit Amid High Oil Prices

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ExxonMobil (NYSE: XOM) reported a third-quarter profit of almost USD20 Billion, which is USD4 Billion more than analysts had expected. Rival Chevron also posted better-than-expected financial results. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”XOM” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”XOM” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The multinational oil and gas corporation ported earnings …

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Virgin Atlantic Puts an End to Hong Kong Route

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Virgin Atlantic announced that it would be terminating all Hong Kong operations amid issues linked to the closure of Russian airspace. The news marks the ending of a 30-year history within the city. “After careful consideration, we’ve taken the difficult decision to suspend our London Heathrow – Hong Kong services and close our Hong Kong …

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Yum Brands to Sell its Russian KFC Business

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Yum Brands (NYSE: YUM) announced Tuesday that it is on the verge of selling its Russian KFC business as it aims to exit the country. According to the company, it will fully exit Russia once the KFC deal is closed. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”YUM” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”YUM” range=”1mo” interval=”1d” axes=”true” cursor=”true” …

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Nike to Exit Russia Amid War

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Nike (NYSE: NKE) has opted to exit Russia in the face of the continuous war between the country and Ukraine. The US sportswear giant had previously halted online orders as well as closed stores within the country back in March. Nevertheless, the company has tried to shield employees from major hardship. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” …

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Snapchat Shares Tumble Alongside other Social Media Stocks

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Snapchat (NYSE: SNAP) shares fell over 40% on Tuesday morning after the company cautioned that the slowing economy was greatly affecting digital advertising revenue. The bad news puts the company on track for its worst day in history and has simultaneously impacted other social media and digital ad company stocks. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”SNAP” …

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Cisco Stock Falls Amid Declining Revenue

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Cisco (NASDAQ: CSCO) shares fell 17% after the market close on Wednesday following the company’s mixed third-quarter earnings. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”CSCO” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”CSCO” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] “We continued to see solid demand for our technologies and our business transformation is progressing well,” said …

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McDonald’s to Sell Russian Restaurants to Siberian Licensee

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McDonald’s (NYSE: MCD) revealed that it has come to an agreement to sell its Russian business to an active licensee, Alexander Govor. Govor currently runs 25 McDonald’s locations in Siberia and has been a licensee of the chain since 2015. Financial terms regarding the deal have yet to be disclosed. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”MCD” …

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McDonald’s to Sell its Entire Russian Business

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McDonald’s (NYSE: MCD) announced that it would be selling its business in Russia, just two months after it halted operations within the country amid the Ukraine war. The company, which owns approximately 84% of the 850 restaurants in Russia, will receive a related non-cash charge of up to USD1.4 Billion after the sale. [stock_market_widget type=”inline-label” …

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