Volkswagen Slashes Guidance as Challenges Pile Up
Volkswagen cut its sales and profitability forecasts for the year, joining a growing list of European rivals in lowering their...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
WW Parts Ways With President, CEO Sima Sistani
The executive led the diet company, better known as WeightWatchers, since 2022 into the burgeoning market for obesity drugs. Source...
Regeneron, Sanofi Get FDA OK for Dupixent to Treat COPD
Regeneron Pharmaceuticals and Sanofi have won FDA expanded approval of their blockbuster anti-inflammatory drug Dupixent in chronic obstructive pulmonary disease....
REA Tables Fourth Bid for Rightmove, Urges Board to Engage
News Corp-controlled REA Group has made a fourth proposal to buy British peer Rightmove for roughly $8.3 billion in cash...
Calls for Divestment Make for Good Chants. But Is It Effective?
The impact is, at best, indirect and uncertain, a finance professor argues. But there are better ways to accomplish what...
Amazon to Stock Opioid Overdose Reversal Drug Narcan at Its Warehouses
The e-commerce giant is one of the biggest U.S. employers to respond to government pressure to make overdose medicine more...
U.S. Safety Officials Urge Boeing, FAA to Address 737 Rudder System
The National Transportation Safety Board issued urgent recommendations for about 350 Boeing 737 jets globally. Source link
LVMH Expands Industry Influence With Investment in Moncler
LVMH is investing in Moncler in a transaction that gives the luxury heavyweight a seat on the board of the...
Forvia Cuts Sales, Margin Outlook on Market Uncertainty
The car-parts supplier cut its sales and profitability guidance for the year, as market uncertainty in Europe and high car...
A U.S. Crackdown Targeted an Adderall 'Pill Mill.' Secretly, It Had Already Moved to China.
The owner of Silicon Valley’s Done Global was arrested, but the telehealth company’s staff in China still provides easy access...
Cassava Paying $40 Million to Settle Doctored Alzheimer's Drug Data Claims
The Securities and Exchange Commission alleged that a researcher for the company manipulated trial data to make its drug results...
Newsmax and Smartmatic Settle Defamation Lawsuit Over False 2020 Election Claims
A trial in the case was set to begin Sept. 30, while Smartmatic has a separate suit pending against Fox...
Germany to Keep Commerzbank Shares After UniCredit Takes Stake
The government said it won’t offload any additional shares in the bank following the sale to UniCredit for €702 million....
Hoda Kotb to Step Down as Co-Host of NBC's 'Today' Show
The veteran journalist, who has worked at the network for 26 years, would be working on the show through the...
What's the Difference Between Sustainable Fund Managers and Other Fund Managers? Not Much
Study finds that both sets of managers behave similarly, which suggests the sustainable impact might not be as big as...
Southwest Raises Revenue Forecast, Plans Share Buyback in Activist Battle
The airline’s first flights with assigned seats are scheduled to take off in 2026, among a series of radical changes...
The Addiction to Discounting at Michael Kors Is Exposed in Court
The antitrust trial over Kors’s proposed merger with Coach-owner Tapestry shows how far the handbag maker has fallen. Source link
Commerzbank Confirms Independent Strategy Ahead of Talks With UniCredit
The German lender said it planned to improve its profitability and boost shareholder returns as it grapples with a possible...
Fed's Rate Cut Is Jolting Small Businesses to Spend Again
From restarting expansion plans to boosting marketing, some entrepreneurs are preparing for lower borrowing costs. Others say not so fast....
H&M to Miss Margin Target as Higher Costs Hurt Earnings
H&M won’t hit a key profitability target this year but said sales momentum picked up through July and August before...
