Prada Soars After Jump in Sales, Profit
Prada gained about $2.7 billion in market value after annual profit and sales surged past analysts’ expectations, outperforming other European...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
BP Claws Back $2.3 Million From Ex-CEO
BP clawed back a further $2.3 million from ex-boss Bernard Looney’s remuneration package following his dismissal in December. Source link
The New Job Hot-Spots: Phoenix, Orlando and Albuquerque
Job growth in the Sunbelt vaults ahead while San Francisco and other powerhouse metros slow. Source link
HelloFresh Drops Midterm Targets
HelloFresh shares fell more than 40% after the company dropped its midterm targets as it expects earnings to fall this...
China's Vehicle Sales Fall Amid Price War, Long Holiday
China’s vehicle sales fell sharply in February, dragged by weaker demand during the Lunar New Year holiday and an intensifying...
Rentokil Sees Better Terminix Synergies
Rentokil raised its synergies expectations from the Terminix acquisition and laid out new plans for North America, aiming to achieve...
Aviva Upgrades Targets After Profit Beat
Aviva lifted its operating profit target to around £2 billion by 2026 as it reported better-than-expected full-year results. Source link
Continental Faces Costs Hike as Profit Misses Views
Continental posted full-year profits below consensus and warned that wage costs would rise to around €500 million in 2024 and...
Hugo Boss 2024 Guidance Below Forecasts, Warns on Sales Outlook
Hugo Boss gave earnings projections for this year that are below analysts’ current forecasts and warned that it might not...
Telecom Italia Outlines Targets Through 2026
Telecom Italia said it aimed to deliver earnings growth of 8% over the next three years as well as reduction...
Lufthansa Restores Dividend as Profits Jump
Lufthansa is planning its first dividend payout since the pandemic, despite reporting revenue and profits below forecasts for the fourth...
Japan Auto Stocks Fall Sharply as Yen Rebounds to One-Month High
Japanese auto stocks fell sharply as the yen rebounded to a one-month high due to growing expectations that the Bank...
Target Sales Fall for First Time Since 2016
Shares rebound after the retailer says it is working to boost shopper traffic and profit in 2024. Source link
Jeff Bezos Surpasses Elon Musk as World's Richest Person
The Amazon founder has reclaimed the title for the first time since the fall of 2021. Source link
Apple's iPhone Sales in China Fall as Huawei Gains Market Share
Apple’s smartphone sales in China fell, hurt by strong competition and pricing pressures, new data showed. Source link
China Sales of Tesla, Other EV Makers Hit the Skids in February
Shipments by Tesla and other electric vehicle makers tumbled in China, hurt by weaker demand during the Lunar New Year...
Novo Nordisk Says Ozempic Drug Cuts Risk of Kidney Problems
Novo Nordisk’s blockbuster weight-loss drug cuts the risk of kidney disease-related events in diabetic patients by 24%, according to a...
Book Startup Pitches Authors a Novel Deal: $0 Up Front, Bigger Profits
The approach contrasts traditional publishers, which pay author advances and don’t offer the opportunity to own a stake in the...
Schaeffler Profit Miss Knocks Shares
Schaeffler shares traded lower after the company posted earnings for 2023 that fell short of expectations. Source link
FAA Audit Finds Boeing Quality Control Failed in Alaska Air Incident
The FAA said that in order to hold Boeing accountable, it has halted production expansion of the company’s 737 MAX...
