Category Archives:
Man Group CEO Luke Ellis to retire, Robyn Grew to take charge
LONDON (Reuters) - Man Group said on Thursday its chief executive Luke Ellis would retire in September and be succeeded by the company's current president, Robyn Grew, in the latest management shake-u...
May 11, 2023
Japan’s Subaru sets out targets for EV push over five years
TOKYO (Reuters) - Japanese automaker Subaru Corp laid out targets for selling and making battery electric vehicles (EVs) on Thursday, aiming for global sales of 200,000 units a year by around 2026 as ...
May 11, 2023
Apple supplier Foxconn’s Q1 profit falls 56% y/y, worse than forecasts
TAIPEI (Reuters) - Apple Inc supplier Foxconn reported on Thursday a 56% fall in first-quarter net profit, as global economic woes hurt demand for smart consumer electronics. The Taiwanese company, wh...
May 11, 2023
Deutsche Telekom slightly raises 2023 profit outlook
BERLIN (Reuters) - Deutsche Telekom slightly raised its full-year operating profit target on Thursday after reporting a small bump in first-quarter revenue and profit that was in line with expectation...
May 11, 2023
Italy’s antitrust probes Apple for alleged abuse of app market dominance
ROME (Reuters) - Italy's antitrust agency AGCM said on Thursday it had opened a probe into U.S. technology giant Apple for alleged abuse of it dominant position in the apps market. The watchdog said A...
May 11, 2023
Honda reports 47% drop in Q4 operating profit
(Corrects by removing extraneous text from headline) TOKYO (Reuters) - Japan's Honda Motor Co on Thursday posted a 47% drop in fourth-quarter operating profit to 105.5 billion yen ($781 million), desp...
May 11, 2023
SoftBank posts $7.18 billion annual loss as Vision Fund slides further
TOKYO (Reuters) -Japan's SoftBank Group Corp reported an annual net loss of 970 billion yen ($7.18 billion) for the year ended March 31, with the Vision Fund unit posting a quarterly investment loss d...
May 11, 2023
Nexi sticks to 2023 guidance after profit meets forecasts
MILAN (Reuters) - Italian payments group Nexi stuck to its guidance for the year after posting a 13.6% rise in first quarter core profit as the volume of transactions grew by double-digit percentages ...
May 11, 2023
Telefonica Q1 net profit falls 58% but still beats expectations
MADRID (Reuters) - Spanish telecom firm Telefonica said on Thursday its first-quarter net profit fell 58% from the same period a year earlier, although at 298 million euros ($328 million) still beatin...
May 11, 2023
Bayer sees 2023 results at lower end of range as weedkiller prices drop
FRANKFURT (Reuters) - German diversified group Bayer said its 2023 results would likely come in at the lower bound of its target range, hurt by cost inflation and the reversal of last year's price boo...
May 11, 2023
Peoria, IL, USA
67 °F Light Rain, Mist
