Tuesday 15 February 2022

Reuters Business: Burger King pulls Whopper off discount menu; parent RBI to hike prices

Burger King pulls Whopper off discount menu; parent RBI to hike prices

Burger King parent Restaurant Brands International Inc said on Tuesday that it stripped its most famous sandwich, the Whopper, from discount menus and will raise menu prices again this year as to offset higher costs.

Airbnb sees strong first-quarter revenue on travel demand, longer stays

Airbnb Inc on Tuesday forecast better-than-expected first-quarter revenue after the short-term home rental company reported strong quarterly results on rising domestic travel and longer stays by guests at higher prices.

Australia's Treasury Wine posts profit drop as China tariffs bite

Treasury Wine Estates posted a 7.5% drop in first-half profit on Wednesday and missed market expectations, hurt by reduced shipments of its Penfolds brand to mainland China after Beijing slapped tariffs on Australian Wine.

EXCLUSIVE U.S. oil producer EP Energy seeks to save deal from regulator -sources

EP Energy is exploring a sale of oil-producing acreage in Utah it hopes will avert a challenge from a U.S. antitrust regulator to its agreed $1.5 billion takeover by private equity firm EnCap Investments LP, people familiar with the matter said.

ViacomCBS changes name to Paramount to underscore streaming future

ViacomCBS Inc said it will change its name to Paramount starting on Wednesday as the company positions itself to compete in the crowded market for streaming television viewers.

Gaming firm Roblox misses quarterly bookings estimates, shares dive

Roblox Corp on Tuesday missed Wall Street estimates for quarterly bookings as the pandemic-driven frenzy for its video games waned, sending shares of the gaming platform down more than 15% in extended trading.

Inflation uncertainty means ECB's options need to be kept fully open -Villeroy

Increased uncertainty about the inflation outlook means the European Central Bank needs to keep its options fully open, especially on future interest rate hikes, ECB policymaker Francois Villeroy de Galhau said on Tuesday.

Telenor investors scrutinise Myanmar sale

Several investors in Telenor are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar.

France opens new business campus to tackle cyberattacks

France is grouping the country's top cybersecurity experts in Paris' business district of La Defense, bringing together startups and household names to tackle the scourge of hacking, Finance Minister Bruno Le Maire said on Tuesday.

U.S. lawmakers seek review of FAA Boeing 737 MAX oversight

Two U.S. lawmakers asked the Transportation Department's Office of Inspector General to review the Federal Aviation Administration's (FAA) oversight over Boeing Co's actions surrounding the 737 MAX jet.

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