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Oct 21, 2024
The company also said Mark Parker resigned as the chairman and named James Gorman as his replacement, effective Jan. 2.
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Oct 21, 2024
The EU approved Swedish state aid worth $139.1 million to help steelmaker SSAB decarbonize its production.
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Oct 21, 2024
The Wegovy maker's once-daily pill to treat type 2 diabetes has shown it cuts the risk of heart attacks and strokes in patients by up to 14%, according to a new trial.
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Oct 21, 2024
Red Lobster, Roti and other chains are closing locations as chapter 11 filings grow.
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Oct 21, 2024
Four days spent barnstorming Pennsylvania for Donald Trump highlighted support for the tech titan leading a new government efficiency effort.
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Oct 21, 2024
Spravato, a depression treatment derived from club drug ketamine, was looking like a dud. Its recent success now shows a path forward for psychedelic-based medicines.
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Oct 21, 2024
More men are staying home to facilitate the complex juggle of family life and their wives' high-powered careers.
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Oct 21, 2024
Neuberger Berman Private Markets formed a consortium with Swedish buyout group EQT, Canada Pension Plan Investment Board and other institutional investors to buy Nord Anglia Education in a deal that values the international schools operator at $14.5 billion.
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Oct 21, 2024
Find insight on Munich Re, Bank CIMB Niaga, National Australia Bank and more in the latest Market Talks covering Financial Services.
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Oct 21, 2024
Read about Beach Energy, Macquarie and more in the latest Market Talks covering Energy and Utilities.
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Oct 21, 2024
Sanofi moved ahead with a plan to sell a controlling stake in its consumer-healthcare unit Opella to Clayton Dubilier & Rice, entering exclusive talks for a deal that values the business at $17.4 billion, including debt.
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Oct 21, 2024
DNB agreed to buy Swedish investment bank and asset manager Carnegie for around $1.1 billion in cash as it moves to bolster its Nordic footprint.
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Oct 20, 2024
Australia's largest airline said it will work to expedite payments to former staff after a court ruling indicated the carrier could be on the hook for tens of millions of dollars in payments.
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Oct 20, 2024
In a new alliance, Maersk and Hapag-Lloyd are aiming to cut docking costs and improve on-time performance.
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Oct 20, 2024
A strike by its machinists union could end soon, but the company remains in a perilous financial position.
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Oct 19, 2024
Hollywood treatment of the famed 1990s murder case is drawing new attention. Will Ryan Murphy's Netflix series set the siblings free?
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Oct 19, 2024
The Jet maker and machinists union reach a tentative deal, including an offer of a 35% wage increase, to end a strike that halted most of the company's production.
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Oct 19, 2024
The Chiefs quarterback is the brand's prize asset, but it needs him to transcend football if he's to become a commercial powerhouse.
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Oct 19, 2024
Storms could push up insurance costs for vehicle owners in hurricane-prone areas.
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Oct 17, 2024
The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across all its markets, in particular in the Americas.
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Oct 17, 2024
The Franco-Italian eyewear group's revenue rose 4% in the third quarter, helped by sales of smart glasses.
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Oct 17, 2024
The one-night special marks the streaming service's first foray into original live-news programming.
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Oct 17, 2024
The company's earnings missed expectations, the latest sign of how medical expenses are squeezing insurers' government businesses.
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Oct 17, 2024
PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.
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Oct 17, 2024
Sea-Doo and Ski-Doo maker BRP said it intends to sell off the majority of its marine businesses, which have been weighed down by softer consumer demand, to focus on powersports products such as snowmobiles and all-terrain vehicles.
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Oct 17, 2024
The world's largest contract chip maker says revenue from AI-related products is expected to triple this year.
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Oct 17, 2024
Nestlé lowered its sales expectations for the second time this year as the food giant offers greater discounts to lure back shoppers deterred by rising prices in recent years.
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Oct 17, 2024
China said it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the EU voted to increase import duties on China-made electric vehicles.
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Oct 17, 2024
Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and quick action on costs was helping offset some of the weakness.
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Oct 17, 2024
Ladbrokes owner Entain raised its full-year guidance and reported third-quarter results that exceeded its own expectations, helped by growth in the U.S.
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Oct 17, 2024
The German company said booming artificial-intelligence demand would help its electronics sales grow faster than previously expected over the medium term.
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Oct 17, 2024
Price checks, store visits and "Safeway scrapes" illustrate how grocers compete, fueling the government's case against the $20 billion deal between Kroger and Albertsons.
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Oct 17, 2024
Lazada is accelerating investments in generative artificial intelligence to regain its standing in a fiercely competitive market with limited opportunities for margin expansion.
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Oct 17, 2024
The French distiller experienced a slow start to its fiscal year, citing sharp sales declines in the key markets of China and the U.S. as the spirits industry faces a slowdown in consumption.
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Oct 17, 2024
The Swiss industrial-technology company's profit and revenue rose as the electrification business offset weakness in robotics, discrete automation and e-mobility.
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Oct 17, 2024
The consulting firm is cutting back on state-linked clients and is working to separate its China operations
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Oct 16, 2024
Omead Afshar, who used to work in the office of the CEO, has moved into a vice president role with sales and manufacturing operations under him.
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Oct 16, 2024
The oil refiner said the unit's long-term sustainability is uncertain and affected by market dynamics.
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Oct 16, 2024
The SEC's comments largely focus on the allocation of previously incurred card misclassification charges between revenue and expense, Discover said.
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Oct 16, 2024
The Australian mining giant said it produced 64.6 million metric tons of iron ore in the three months through September, up 2% on a year earlier. Copper production rose by 4% to 476,300 tons, the company said.
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Oct 16, 2024
The Chinese industry group said that Intel's products have shown security vulnerabilities and high failure rates.
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Oct 16, 2024
Regional channels carrying the Golden State Warriors, Boston Celtics and other teams are to be made available on the streaming service.
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Oct 16, 2024
The Canadian company told investors its immediate priority was streamlining investments in its Cylance cybersecurity unit and focusing on opportunities for growth, mainly QNX.
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Oct 16, 2024
The internet giant is part of a $500 million investment to help bring small, modular reactors on to the grid.
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Oct 16, 2024
Chip stocks in Europe and Asia continued to fall Wednesday after Dutch semiconductor-equipment maker ASML Holding warned the recovery for some areas of the industry could extend well into next year, raising fears among investors of a prolonged downturn in demand.
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Oct 16, 2024
Sanofi is in discussions with the French government to address concerns officials raised about a potential sale of a controlling stake in the company's consumer health business, Opella, to private-equity firm Clayton Dubilier & Rice.
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Oct 16, 2024
The Madrid-listed technology and defense group is involved in active negotiations to absorb more than 10 companies.
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Oct 16, 2024
It takes a lot of optimism—and the help of the community. But here are some people who have tried.
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Oct 16, 2024
The cuts come as the company battles with delays, increased costs and competition from the likes of SpaceX.
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Oct 16, 2024
The suit, filed Tuesday in California's central district, marks the billionaire's latest volley in a long-running feud with the Golden State.
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Oct 16, 2024
Canada's Lithium Americas said General Motors will boost investment in the miner's Thacker Pass project, which produces the critical ingredient for electric-vehicle batteries.
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Oct 16, 2024
Products sold in China should be subject to a cybersecurity review, to safeguard the country's national security and consumer rights, according to an industry group.
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Oct 16, 2024
Read about Antofagasta , Rio Tinto and more .in the latest Market Talks covering Basic Materials.
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Oct 16, 2024
Global chip stocks continued to slump after ASML warned the recovery for some areas of the industry would be slower than expected, raising fears among investors of a prolonged downturn in demand.
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Oct 16, 2024
The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.
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Oct 16, 2024
European luxury stocks fell after third-quarter results from industry bellwether LVMH dashed hopes that a sector recovery is under way and renewed concerns over the Chinese market.
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Oct 16, 2024
The U.K. hotel-and-restaurant company said it forecasts an increase of at least £300 million in profit by fiscal 2030, and to generate more than £2 billion for dividends, share buybacks and additional investments should opportunities arise.
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Oct 16, 2024
Stellantis vehicle deliveries fell 20% in the third quarter as the Jeep and Ram-maker began to take measures to address excess inventory in the U.S.
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Oct 15, 2024
Such a step by the automaker would threaten its already-frayed relationship with the UAW, which has criticized moves to cut U.S. jobs.
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Oct 15, 2024
Wendy McMahon has directed the news network to consider an editorial review to address concerns over fairness and objectivity.
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Oct 15, 2024
Beyond is investing $40 million in The Container Store, providing the struggling retail chain a financial lifeline while returning some Bed Bath & Beyond products back to physical retail locations.
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Oct 15, 2024
The world's second-biggest miner by value said it produced slightly more iron ore from its Australian operations in the third quarter of 2024 but cautioned on inflation pressures.
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Oct 15, 2024
Woodside said its sales revenue totaled $3.68 billion in the third quarter, up 21% on the previous three months and driven partly by higher average LNG prices.
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Oct 15, 2024
Investment is part of a strategic partnership between the specialty retail chain and the owner of Bed Bath & Beyond designed to return the Container Store to profitable comparable store growth.
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Oct 15, 2024
The Transportation Department said the fine is the largest it has issued against an airline for civil-rights violations.
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Oct 15, 2024
The drama over a New York Magazine reporter's relationship with onetime presidential candidate Robert F. Kennedy Jr. is playing out in two different venues.
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Oct 15, 2024
The German sportswear company cited better-than-expected results for the third quarter and brand momentum.
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Oct 15, 2024
The company posted orders below analysts' expectations as chip makers held back spending on key production equipment.
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Oct 15, 2024
The French luxury empire said the decline in revenue during the quarter was mainly due to lower growth in Japan.
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Oct 15, 2024
ASML posted orders below analysts' expectations as chip makers held back spending on key production equipment in anticipation of a rebound in semiconductor demand.
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Oct 15, 2024
The company estimates that its formal guidance for 2025 will top out at about $30 in earnings per share
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Oct 15, 2024
The earlier-than-expected opening raises the stakes in Comcast's theme-park rivalry with Disney in Florida.
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Oct 15, 2024
The bestselling author started the "Hungry Dogs" venture after finding it difficult to get opinion pieces published at major news organizations.
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Oct 15, 2024
Italy's Leonardo and Germany's Rheinmetall entered a joint venture for the development and production of combat vehicles, targeting potential orders of up to $54.55 billion.
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Oct 15, 2024
The French oil and petroleum company said it expected to report hydrocarbon output of 2.4 million barrels of oil-equivalent a day for the third quarter, while results in its downstream division are expected to fall sharply on lower refining margins.
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Oct 15, 2024
The jet maker moves to raise much needed cash and secures a new credit line amid paralyzing machinist strike.
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Oct 15, 2024
The Swedish telecommunications-equipment company said its key networks unit saw an 80% surge in North America sales in the third quarter after winning contracts and as some large customers made selective network investments.
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Oct 15, 2024
Salle will assume his position as CEO from Feb. 1, 2025, while his appointment as chairman of the board of directors is effective immediately.
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Oct 14, 2024
The Chinese beverage company is testing investor interest in its business, taking advantage of growing risk appetite for new equity offerings in Hong Kong.
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Oct 14, 2024
The cosmetics company, whose portfolio of brands includes Max Factor and Lancaster, on Monday said retailers are tightening their inventories as mass beauty sales continue to see slow growth trends, particularly in the U.S.
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Oct 14, 2024
Phillips 66 CEO Mark Lashier said the sale is part of the company's commitment to divest over $3 billion of assets. Coop Mineraloel operates 324 retail sites and petrol stations across Switzerland.
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Oct 14, 2024
U.K. activist investor Bluebell Capital Partners is pushing BP to remove its chairman and lead independent director.
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Oct 14, 2024
The deal aims to expand Barclays's consumer ambitions in the U.S. while getting Goldman closer to exiting consumer lending.
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Oct 14, 2024
The British luxury brand's majority shareholder declined a sweetened offer from Frasers Group to take full ownership for $94.1 million.
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Oct 14, 2024
CEO Bob Jordan plans big changes at the budget carrier, but activist Elliott has called for his ouster and is seeking help from shareholders.
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Oct 14, 2024
Desire for more face-to-face meetings is spurring companies to book group events.
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Oct 14, 2024
From tariffs to technology restrictions, global challenges are mounting for Chinese carmakers, but BYD has been unstoppable.
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Oct 14, 2024
Shares in Evoke, Entain, Flutter Entertainment and Rank Group tumbled on the back of the reports, which suggest that the U.K. government is aiming to raise up to $3.9 billion from the sector.
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Oct 14, 2024
Military lasers have gained ground in recent years because of advances in the technology and a growing need to find more cost-effective weapons amid the increasing threat from unmanned aerial vehicles.
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Oct 14, 2024
Brian Niccol, the company's new chief executive, is aiming to improve cafe operations and focus more on selling premium coffee while promoting seasonal drinks.
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Oct 14, 2024
The Singapore government plans to put a halt to a proposed deal by Germany's Allianz to buy a majority stake in Singapore insurance company Income Insurance.
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Oct 14, 2024
The sharp drop in the value of preowned electric vehicles stands in contrast to the broader used-car market.
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Oct 13, 2024
Australia's TPG Telecom agreed to sell its fixed-fiber network to Vocus, generating funds for future shareholder returns and investment into its mobile operations.
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Oct 13, 2024
Fed up with inflation and seizing a moment of labor power, workers at Boeing, AT&T and Southwest reject deals negotiated by union bosses.
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Oct 13, 2024
The United Patent Court's ruling also orders German online retailer to retrieve and destroy all such LED goods already sold in the region.
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Oct 12, 2024
Private equity is pouring money into skilled-trade small businesses; ‘Next thing you know, you're running an empire.'
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Oct 12, 2024
The FAA said requirements have been met for the next launch. The company has criticized the length of reviews.
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Oct 12, 2024
Most don't make it past their third year. But the successful ones have figured out a winning formula.
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Oct 12, 2024
SC Johnson's CEO confronts a "versatile" material that has propelled the family business and is also a "profound global pollutant."
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Oct 12, 2024
Tesla's Robotaxi event excites the faithful betting on the company's future in robotics, while underwhelming those watching from afar.
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