Veolia North America changes location in the financial district

PUBLIC RADIO

GBH sells house to WCAI

Public broadcasting organization GBH is selling the longtime home of WCAI, its NPR news station that serves Cape Cod and the islands, CEO Susan Goldberg said in a statement. The sale of the station’s headquarters, a 19th-century captain’s house in Woods Hole that WCAI had been working on for 25 years, comes months after GBH laid off 4 percent of its staff and suspended three television programs to cut costs. Jay Ellison, the station’s founder, whose Atlantic Public Media currently operates out of the same office, said the decision came as a shock and surprise to employees and that he was disappointed with the move. GBH said it will seek a new headquarters for WCAI. Goldberg said the station will continue to broadcast without interruption. — AIDAN RYAN

MORTGAGE

The rates continue to rise

The average 30-year mortgage rate in the United States rose for the fifth week in a row, returning to its highest level since early August. The rate rose to 6.72 percent from 6.54 percent last week, mortgage buyer Freddie Mac said Thursday. That’s still lower than a year ago, when the average was 7.76 percent. — Associated Press

CRUISES

Smooth sailing for Royal Caribbean

Shares of Royal Caribbean Cruises rose to a record high after the cruise operator raised its profit forecast for the fourth time this year and said it expected demand to continue to be strong. The world’s most valuable cruise line raised its forecast for adjusted earnings to $11.57 to $11.62 per share this year, above analysts’ average forecast of $11.51, according to a statement Tuesday. — BLOOMBERG

BEER

Where have all the beer lovers gone?

Falling confidence and demand in China has hit beer sales at two of the world’s largest brewers. Anheuser-Busch InBev and Carlsberg reported worse-than-expected volume declines as cautious Chinese consumers cut spending. A further slowdown in consumption in Argentina and a continued weak consumer environment in the US, one of the world’s largest beer markets, also didn’t help. AB InBev, maker of Stella Artois and Budweiser, said sales fell 2.4 percent in the third quarter, more than expected according to analyst consensus compiled by Bloomberg. Denmark’s Carlsberg said organic volumes fell 0.2 percent, blaming lower sales in Western Europe and Asia. — BLOOMBERG

SIMULATORS

Peloton names Ford executive as new CEO

Peloton has named Ford Motor Co. chief executive. Peter Stern as its next chief executive, tasking him with leading the turnaround of the long-struggling fitness company. Stern, who is currently president of Ford Integrated Services and previously served as a vice president at Apple, will join the company on Jan. 1, the company announced Thursday. Peloton also provided its latest financial report, which said fiscal second-quarter revenue will be between $640 million and $660 million. Peloton, which thrived during pandemic restrictions, has been mired in a deep recession over the past three years. — BLOOMBERG

AUTOMOBILE

Stellantis revenues plummet

MILAN – Troubled automaker Stellantis on Thursday reported a 27 percent drop in third-quarter net revenue as gaps in new product launches and inventory-cutting efforts led to a 20 percent drop in global new vehicle deliveries. The world’s fourth-largest automaker, created by the 2021 merger of PSA Peugeot and Fiat Chrysler Automobiles, reported net sales of 33 billion euros (nearly $36 billion) for the three-month period ended Sept. 30, up from 45 billion euros in the previous year. similar period. the same period a year earlier. All regions except South America reported double-digit declines in revenue, led by North America, which fell 42 percent to 12.4 billion euros. — Associated Press

AVIATION

The injured Boeing will miss the Chinese air show

Boeing will not take part in China’s largest commercial and defense airshow next month, a notable absence from the aircraft maker in a key export market. The U.S. planemaker will not be one of the exhibitors at next month’s Zhuhai airshow, a spokesman said in an emailed response to questions from Bloomberg. The planemaker has previously said it is seeking to cut costs amid a crippling strike that is now in its seventh week and halting production of its workhorse 737 Max. — BLOOMBERG

AUTOMOBILE

Ford will close its electric pickup plant by the end of the year

Ford plans to close the Michigan plant that makes the F-150 Lightning pickup truck, its signature electric vehicle, by the end of the year as demand for electric vehicles continues to decline. The move is the latest blow to a model that has been central to Ford’s electric vehicle strategy and which CEO Jim Farley said will be a “test case for electric vehicle adoption.” In mid-November, the automaker will begin a seven-week shutdown of the Dearborn plant, which was visited in 2021 by President Biden, who drove the Lightning and declared that “this sucker is fast.” — BLOOMBERG

CABLE TELEVISION

Comcast may spin off cable networks

Comcast said it is considering spinning off its cable networks into a new company as it grapples with continued industry-wide subscriber declines. “We’re going to start exploring whether it’s a good idea to create a new, well-capitalized company that goes to our shareholders – the existing shareholders – of our cable networks,” President Mike Kavanagh said on a call with analysts. discuss earnings. “We’re not talking about Peacock or broadcast networks.” Comcast lost 365,000 cable customers in the third quarter. NBCU’s cable networks include, but are not limited to, MSNBC, CNBC, E! and Bravo. Comcast reported third-quarter sales and earnings that beat analysts’ expectations after the company’s NBC unit received a boost from the Summer Olympics, an event that brought in $1.4 billion in advertising revenue. — BLOOMBERG

SUPPLY

DoorDash makes its first profit since the start of the pandemic

DoorDash beat Wall Street expectations on nearly every key earnings measure, allowing the delivery service to report its first operating profit since the start of the pandemic. The San Francisco-based company posted an operating profit of $107 million, it said in a statement Wednesday, more than double analysts’ forecasts and its first quarterly profit since the second quarter of 2020. The firm also surpassed total orders in the third quarter. and adjusted earnings as the company worked to expand its non-restaurant offerings to attract new customers. — BLOOMBERG