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INDIANAPOLIS (WISH) — Right here’s a take a look at Tuesday’s enterprise headlines.
Simon Malls
The pinnacle of the nation’s largest mall proprietor believes his agency has weathered the storm.
Indianapolis-based Simon beat earnings expectations as lease collections are up.
Only a few quarters in the past, the REIT was accumulating simply over half of lease owed by its tenants and had filed lawsuits towards lots of them.
CEO David Simon took a dig at authorities officers saying it has survived the arbitrary shutdown of its enterprise.
Apple, Microsoft
Apple misplaced its crown because the world’s most useful public firm to Microsoft.
Apple took a $6 billion hit to its gross sales throughout the fiscal fourth quarter attributable to a nagging world provide chain drawback, that’s despatched the inventory down.
Microsoft’s inventory has surged greater than 45% this yr, with pandemic-induced demand for its cloud-based providers driving gross sales.
Coke, Bodyarmor
Coca-Cola has purchased full management of sports activities drink maker Bodyarmor for $5.6 billion, making it the corporate’s largest model acquisition up to now.
Proudly owning Bodyarmor helps Coke achieve market share within the sports activities drink class, though PepsiCo’s Gatorade is way and away the market chief with roughly 70% market share.
Photo voltaic
Solar energy has by no means been cheaper.
However this yr, the availability chain disruptions threaten to derail projections for no less than the subsequent yr.
Analysts on the consulting agency Rystad estimate rising delivery and tools prices are threatening to postpone or cancel 56% of worldwide utility-scale photo voltaic projections deliberate for 2022.
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