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L'Oreal sales rebound as beauty business shifts online in pandemic

L'Oreal sales rebound as beauty business shifts online in pandemic

By: Sarah White
Source: Reuters
Date of Publication: February 11th, 2021
L'Oreal, the world's biggest cosmetics group, posted higher-than-expected revenue growth for the fourth quarter in part as beauty shoppers flocked online during the coronavirus pandemic.
Ebay earnings beat on pandemic-driven surge in online shopping; shares soar

Ebay earnings beat on pandemic-driven surge in online shopping; shares soar

By: Akanksha Rana, Jeffrey Dastin
Source: Reuters
Date of Publication: February 3rd, 2021
E-commerce firm eBay Inc said it would emerge “stronger” from the COVID-19 crisis after a pandemic-driven surge in online shopping helped the company beat estimates for sales and profit in the holiday quarter.
Microsoft profits jump 33 percent as pandemic continues shift to cloud computing.

Microsoft profits jump 33 percent as pandemic continues shift to cloud computing.

By: Karen Weise
Source: The New York Times
Date of Publication: January 26th, 2021
Microsoft continued to benefit from the pandemic’s shift to remote computing and gaming, with revenue and profits reaching new heights in the latest quarter, the company said on Tuesday. Sales in the quarter hit $43.1 billion, up 17 percent from a year earlier, and profits rose 33 percent to $15.5 billion, Microsoft said.
lyft van

Lyft’s results show pain but also hope as some riders return

By: CATHY BUSSEWITZ
Source: The Associated Press
Date of Publication: November 10th, 2020
Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down.
DoorDash shows surge in revenue growth, profitable quarter in IPO filing

DoorDash shows surge in revenue growth, profitable quarter in IPO filing

By: Anirban Sen, Joshua Franklin
Source: Reuters
Date of Publication: November 13th, 2020
DoorDash Inc, the U.S. food delivery startup backed by SoftBank Group Corp 9984.T, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year.
Wendy's breakfast

Wendy’s breakfast nabs new customers as pandemic pushes consumers to break habits

By: Amelia Lucas
Source: CNBC
Date of Publication: November 4th, 2020
The coronavirus pandemic has upset consumers’ usual breakfast habits, leading fast-food restaurants and coffee chains to miss out on early morning sales.
Under Armour expects demand for sneakers, face masks to drive annual revenue

Under Armour expects demand for sneakers, face masks to drive annual revenue

Source: Reuters
Date of Publication: October 30th, 2020
Under Armour Inc UA.NUAA.N forecast its annual revenue above Wall Street expectations on Friday, as a pandemic-driven trend to exercise outdoors resulted in a surge in demand for running shoes and face masks.
Avis serving customers at SFO

Covid-19 Slammed Rental-Car Firms, Then Business Turned Around

By: Nora Naughton
Source: The Wall Street Journal
Date of Publication: November 2nd, 2020
After a big collapse in bookings this spring, Avis, Enterprise are benefiting from higher used-car prices and a preference for traveling by auto.
IBM posts double-digit cloud revenue growth; says customers deferring some projects

IBM posts double-digit cloud revenue growth; says customers deferring some projects

Source: Reuters
Date of Publication: October 19th, 2020
International Business Machines Corp IBM.N edged past Wall Street estimates for quarterly revenue on Monday, bolstered by higher demand for its cloud services, a business it is staking its future on as it prepares to spin off one of its legacy units.
Amazon seeks to hire 33,000 people

What slowdown? Amazon seeks to hire 33,000 people

By: Joseph Pisani
Source: The Associated Press
Date of Publication: September 8th, 2020
In the latest sign of how it’s prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months.