Sibanye-Stillwater Cuts Guidance, Swings to Wider-Than-Expected Net Loss
Sibanye-Stillwater cut its gold production guidance for the year and posted a swing to a wider net loss than analysts...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Verizon to Post $1.4 Billion Severance Charge After 4,800 Workers Take Buyout
Verizon Communications will book a third-quarter severance charge of up to $1.4 billion after roughly 4,800 employees accepted a buyout...
General Mills to Sell North American Yogurt Business for $2.1 Billion
General Mills said it agreed to sell its North American yogurt business, including its Yoplait brand, to two French dairy...
Dow Shares Retreat on Weak Forecast for 3Q
Dow said its third-quarter results are expected to come in lower after an unplanned event in late July at an...
Boeing CEO Kelly Ortberg Pleads With Union Not to Strike
The company’s largest union votes Thursday on a tentative agreement that calls for a 25% pay increase and commits Boeing...
Mastercard to Acquire Insight Partners' Recorded Future for $2.65 Billion
Mastercard agreed to acquire threat-intelligence company Recorded Future from Insight Partners for $2.65 billion, in an effort to expand its...
SpaceX Astronauts Conduct Spacewalk, Putting New Spacesuits to Test
Billionaire Jared Isaacman is helping to fund the first-ever commercial spacewalk that will test new SpaceX-designed suits. Source link
Air New Zealand Pauses Chicago Flights Due to Engine Shortage
Air New Zealand will pause one of the world’s longest nonstop flights for up to six months due to what...
Having Overtaken Tesla, BYD Is Running Into Problems Overseas
The Chinese EV maker is seeing vehicles pile up overseas amid weak demand, quality-control issues and internal tension. Source link
Incident on Latam Flight Injures Dozens Aboard Boeing 787 Dreamliner
Roughly 50 people were treated by first responders after the flight from Sydney to Auckland experienced what the airline described...
Fidelity Investments Cuts About 700 Jobs This Week
Investment giant had hired aggressively in recent years during the market rally Source link
3M Board Approves Healthcare Unit Spinoff
The St. Paul, Minn.-based company said that the spinoff of the unit, which will be called Solventum Corp., would occur...
P&G Launches Tide Tiles in Bid to Change How Laundry Is Done
P&G has developed Tide detergent squares that eliminate water and plastic bottles after 10 years in the making. Source link
Sam Altman's Eye-Scanning Worldcoin Venture Appeals Spanish Ban
Spain’s Data Protection Agency on Wednesday ordered a precautionary measure prohibiting Worldcoin’s activities in the country for up to three...
Tire Maker Goodyear to Close Malaysia Plant, Affecting 550 Jobs
The Akron, Ohio-based tire maker said the move is part of its plan aimed at delivering annualized cost reductions of...
Eli Lilly Alzheimer's Drug Delayed as FDA Plans Advisory Panel Meeting
The timing of the agency’s expected action on the donanemab drug would be postponed beyond the first quarter, the company...
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...
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...
