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GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings
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Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Daimler Truck Targets Unchanged After Earnings Beat
Daimler Truck reported higher core profits in the first quarter, driven by gains in North America, and said it was on track to meet its financial targets for the year despite headwinds in Europe increasing.The Wall Street Journal - World
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Sony, Apollo Make $26 Billion All-Cash Offer for Paramount
Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.The Wall Street Journal - Business -
Disaster Loans Provided a Lifeline. Now Small Businesses Owe Billions in Fees.
The government has referred 860,000 delinquent Covid loans for collection—tacking on billions of dollars in fees for small-business borrowers.The Wall Street Journal - Business -
The Universal Music-TikTok Spat Is Over. Here's What Artists Won.
The deal comes after their prior licensing contract expired, prompting Universal to pull all of its artists’ songs off TikTok at the beginning of February.The Wall Street Journal - Business -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Former Pioneer CEO Is Accused of Trying to Collude With OPEC
The FTC alleges Scott Sheffield tried to coordinate on oil production and prices. The agency referred the case for a potential criminal probe.The Wall Street Journal - Business