Today: September 22, 2024
Today: September 22, 2024

Finance

Business|Finance|Technology

Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports

Telecom equipment maker Nokia has been exploring options for its mobile networks business and has drawn interest from suitors including Samsung Electronics, Bloomberg News reported on

Samsung shows interest in Nokia mobile networks assets, Bloomberg News reports
Business|Europe|Finance

Germany's DZ Bank sees more consumers struggling to repay debts

Germany's DZ Bank has turned more pessimistic about the chances of consumers repaying their debts amid rising rents and living costs, and as the

Germany's DZ Bank sees more consumers struggling to repay debts
Business|Finance

Jack Daniel's maker Brown-Forman misses quarterly results on tepid demand

Brown-Forman missed first-quarter profit and sales estimates on Thursday, hurt by higher input costs and weaker demand for its pricey whiskey and spirits.

Jack Daniel's maker Brown-Forman misses quarterly results on tepid demand
Business|Economy|Finance|News

US second-quarter economic growth revised higher on consumer spending

The U.S. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain the

US second-quarter economic growth revised higher on consumer spending
Business|Economy|Europe|Finance

German inflation falls to 2.0% in August, aiding ECB rate cuts

German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to

German inflation falls to 2.0% in August, aiding ECB rate cuts
Business|Economy|Finance

US auto sales set to rise in August on Labor Day weekend surge, report shows

New vehicle sales in the United States are projected to rise over 4% in August from a year ago, partly boosted by the Labor Day weekend falling within the reporting period, according to a

US auto sales set to rise in August on Labor Day weekend surge, report shows
Business|Economy|Finance

Dollar General’s stock is cratering. Here’s what it says about the economy

Dollar General’s stock is cratering. Here’s what it says about the economy

Dollar General’s stock is cratering. Here’s what it says about the economy
Economy|Finance

Egypt central bank expands lending to government, but inflation slows

Lending to the government by Egypt's central bank continued to climb in the last fiscal year, according to the central bank's newly released annual budget, even as

Egypt central bank expands lending to government, but inflation slows
Business|Economy|Finance|News

US economy displays resilience with low layoffs, solid second-quarter growth

The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more

US economy displays resilience with low layoffs, solid second-quarter growth
Asia|Business|Crime|Finance

Second exec to appeal against conviction in 1MDB fraud case

A second executive convicted in Switzerland for his involvement in a $1.8 billion fraud against Malaysian sovereign wealth fund 1MDB will appeal against the judgement, his lawyers

Second exec to appeal against conviction in 1MDB fraud case
Business|Finance|Health

Catalent beats revenue estimates ahead of deal close with Novo Holdings

Contract drug manufacturer Catalent beat analysts' estimates for fourth-quarter revenue on Thursday, helped by its biologics segment that develops and manufactures cell and gene therapies.

Catalent beats revenue estimates ahead of deal close with Novo Holdings
Finance

Sterling's stunning rally keeps twitchy currency markets on edge

Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate

Sterling's stunning rally keeps twitchy currency markets on edge
Business|Finance

Campbell Soup expects annual profit below estimates on higher costs

Campbell Soup Co forecast annual profit below Wall Street expectations on Thursday due to higher raw material costs and the impact from its recently sold popcorn

Campbell Soup expects annual profit below estimates on higher costs
Business|Finance|Technology

Best Buy lifts annual profit forecast as cost controls pay off

Best Buy raised its annual profit forecast on Thursday, as tighter controls on costs help the electronics retailer more than offset the impact from steeper discounts and

Best Buy lifts annual profit forecast as cost controls pay off
Business|Economy|Finance

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore

A bid by now defunct BSI Bank Limited to strike out a $394 million claim against it by scandal-hit Malaysian state fund 1Malaysia Development Berhad (1MDB) and its unit,

Malaysia's 1MDB says bid to strike out its $394 million claim against BSI Bank dismissed in Singapore
Business|Finance|Technology

Salesforce gains as software firm bets on AI tools to power growth

Shares of Salesforce gained about 4% on Thursday as investors cheered the customer relationship management software maker's upbeat quarterly results and its artificial intelligence push to

Salesforce gains as software firm bets on AI tools to power growth
Business|Finance|Technology

Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing

Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials

Best Buy reports another drop in quarterly sales amid cautious buying but business is stabilizing
Business|Economy|Finance

Dollar General's shares plunge as rising competition fuels forecast cuts

Dollar General's shares slumped 29% to a more-than-six-year low on Thursday after the discount retailer slashed its annual sales and profit

Dollar General's shares plunge as rising competition fuels forecast cuts
Business|Finance|Technology

'Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay

The lawyers who sued successfully to void Tesla CEO Elon Musk's $56 billion pay package are seeking a record $6 billion in fees, and the judge who will

'Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay
Business|Economy|Finance

Wary of Trump, US minerals projects rush to close government loans

U.S. miners and battery recyclers are rushing to close government loans worth billions of dollars before January out of concern that former President Donald Trump would,

Wary of Trump, US minerals projects rush to close government loans
Business|Finance|Stock Markets|Technology

Nvidia 'beats' as expected, but fallout limited

A look at the day ahead in U.S. and global markets from Mike Dolan After all that, Nvidia beat expectations - which has become "expected" - and the stock retreated about 5%.

Nvidia 'beats' as expected, but fallout limited
Business|Finance|Lifestyle

Birkenstock misses quarterly profit estimates as expansion plan hits margins

Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker's global expansion drive and production ramp-up compressed its margins,

Birkenstock misses quarterly profit estimates as expansion plan hits margins
Business|Finance|Stock Markets

Shares of European spirits makers jump as China drops provisional brandy measures

Shares in French spirits makers Remy Cointreau and Pernod Ricard rallied on Thursday after China's commerce ministry said it will not immediately

Shares of European spirits makers jump as China drops provisional brandy measures
Economy|Finance

Inflation down in six German states, pointing to national decline

Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany's national inflation

Inflation down in six German states, pointing to national decline
Business|Finance|Technology

Huawei sees first-half earnings surge on smartphone renaissance

Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components

Huawei sees first-half earnings surge on smartphone renaissance

Follow