Coca-Cola Co on Wednesday forecast a return to organic revenue growth this year after a torrid 2020, betting vaccine rollouts across the world will encourage consumers to return to cinemas and sporting events that drive a chunk of its sales.
By Reuters Staff
2 Min Read
(Reuters) - A cyber attack on Polish video games maker CD Projekt will slow fixes to its flagship Cyberpunk 2077 game and other development work, the company said on Tuesday.
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CD Projekt said on Twitter the attack compromised some of its internal systems including the source code to Cyberpunk 2077, dealing another blow to the Warsaw-based business after the game’s launch was beset by glitches.
“An unidentified actor gained unauthorized access to our internal network, collected certain data belonging to CD PROJEKT capital group, and left a ransom note,” the company said, adding it would not negotiate with the perpetrator.
Lyft Inc said on Tuesday it could make an adjusted profit by the third quarter of this year despite the pandemic thanks to additional cost cuts and an expected rebound in ride-hail demand beginning in the second quarter of 2021.
By Reuters Staff
2 Min Read
(Reuters) - Canopy Growth Corp, the world’s largest pot producer, said on Tuesday it expects to turn a profit in the second half of 2022 after aggressive cost-cutting and higher demand for cannabis helped narrow third-quarter losses.
FILE PHOTO: A sign featuring Canopy Growth Corporation s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo
Canadian pot producers have been under pressure from investors as profits remain elusive due to oversupply crimping sales in Canada and overseas expansion bets turning sour.
Canopy said it expects to generate cash by fiscal 2024 and become operating cash flow positive a year before that, soothing market worries on profitability and sending its shares up as much as 12%.
BPCE working with advisors on a takeover proposal -source Natixis asset management seen as disposal candidate -source BPCE, Natixis decline comment (Recasts with confirmation)
By Pamela Barbaglia, Sudip Kar-Gupta and Gwénaëlle Barzic
PARIS, Feb 9 (Reuters) - French bank BPCE plans to buy the 29.3% stake in domestic peer Natixis it does not already own, with a view to delisting the lender and restructuring some of its activities.
Natixis said in a statement its board met on Tuesday to examine the proposal, which at 4 euros per share compares with the stock’s last closing price of 3.7 euros and values the 29.3% stake at about 3.7 billion euros ($4.5 billion).