Latest in Accused Profiting
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Adidas Exceeds Profit Guidance After Sales Jump in Fourth Quarter
The German sporting-goods company said its operating profit climbed to €1.34 billion last year from €268 million in 2023.The Wall Street Journal - 10h -
Apple is accused of profiting from 'blood minerals'
The Democratic Republic of Congo says Apple is sourcing minerals from armed groups committing atrocities.Financial Times - 23h -
American Airlines Accused of Discrimination by Interracial Couple
In a lawsuit, two newlyweds say they were detained after a passenger and airline employees wrongly suspected the Black husband of trafficking his white wife.The New York Times - 2d -
US accuses Walgreens of filling millions of illegitimate prescriptions
The U.S. Justice Department has filed a lawsuit accusing Walgreens of filling millions of prescriptions for Americans over the last decade and more without a legitimate purpose, including for ...ABC News - 4d -
Biggest US banks notch up $142bn in profits in blockbuster 2024
Robust performance in trading and dealmaking and strong economy fuel big year for lending giantsFinancial Times - 4d -
Bank of America profits boosted by loan growth and robust trading
Strong results echo other big Wall Street banksFinancial Times - 5d -
Netanyahu accuses Hamas of backtracking on parts of ceasefire agreement
Israeli Prime Minister Benjamin Netanyahu is accusing Hamas of trying to "extort last-minute concessions" in the Gaza ceasefire deal announced Wednesday. Netanyahu's security cabinet still needs to ...CBS News - 5d -
Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
Taiwan computer chip maker TSMC has reported its profit in the last quarter rose 57%, buoyed by the artificial intelligence boomABC News - 5d -
FirstFT: Netanyahu accuses Hamas of backtracking
Also in today’s newsletter, Biden warns of ‘oligarchy’ in America, and Wall Street banks make bumper profitsFinancial Times - 5d -
TSMC cuts profitability target as cost of diversifying supply chains bites
World’s biggest chipmaker faces less efficient operations in US and Japan but gets boost from AI demandFinancial Times - 5d -
Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.CNBC - 6d -
JPMorgan Chase posts record profit as the bank's massive scale pays off
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.NBC News - 6d -
JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits
The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.The New York Times - 6d -
How Nissan's profits dropped 90% in one year
Merging with rival Honda may be Nissan's best shot at survival. The Japanese automaker is struggling around the world, including the U.S. and China.CNBC - 6d -
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - 6d -
Europe Accuses China of Unfairly Blocking EU Companies
The bloc alleges discrimination in the Chinese procurement market, raising the possibility of retaliation.The Wall Street Journal - Jan. 14 -
China corporate profits set for third year of declines
Oversupply drives intense competition that is undermining prices and profitabilityFinancial Times - Jan. 13 -
How to Build a Profitable Service-Based Business Without Losing Your Sanity
Powerful strategies to build a lean, profitable, and sustainable service-based business.Inc. - Jan. 11 -
Venezuelan opposition candidate accuses Nicolás Maduro of coup
Edmundo González, widely believed to have won July election, gives address after autocrat sworn in for third term. The man widely believed to be the real victor of last year’s presidential election ...The Guardian - Jan. 11 -
As Delta Reports Profits, Airlines Are Optimistic About 2025
The industry is enjoying a strong demand for tickets and rising profits, but it remains vulnerable to unexpected problems like a recession or a surge in inflation.The New York Times - Jan. 11 -
Man detained near Kenneth Fire not accused of arson
A man who was detained by citizens shortly after a wildfire exploded near Calabasas and West Hills is not accused of starting the fire, authorities announced Friday morning. Los Angeles police ...The Hill - Jan. 11 -
Sainsbury's Christmas Sales Grew; Expects Profit in Line With Market Views
The grocer reported sales volume growth for the key Christmas period and expects to deliver retail operating profit for its fiscal year in line with market consensus.The Wall Street Journal - Jan. 10 -
7-Eleven owner’s sharp profit fall adds to takeover pressure
Seven & i operating profit drops 24% as it tries to fend off $47bn buyout offer from Canada’s Couche-TardFinancial Times - Jan. 9 -
FanDuel’s parent company just issued a profit warning. Blame the Detroit Lions.
There aren’t enough upsets in the National Football League, and that’s upsetting for investors in sports betting companies including Flutter Entertainment, the owner of FanDuel.MarketWatch - Jan. 8 -
Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business
Fourth-quarter earnings hit by greater investments in advanced chip manufacturingFinancial Times - Jan. 8 -
Disney’s stock gets upgrade amid content ‘renaissance’ and streaming profit growth
Walt Disney Co.’s stock was upgraded to buy Tuesday by analyst firm Redburn Atlantic, which cited improved content performance and growth in streaming profit.MarketWatch - Jan. 8 -
Samsung Expects Further Profit Growth Slowdown, Missing Estimates
The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.The Wall Street Journal - Jan. 7 -
Annual ‘winners’ for most egregious US healthcare profiteering announced
Selling body parts without consent and billing desperate parents $97,599 for air transport among worst examples. The 2024 “winners” of the annual Shkreli awards , given each year to perpetrators ...The Guardian - Jan. 7 -
UK minister accuses Musk of endangering her life
Jess Phillips hits back at tech billionaire after he attacks her handling of grooming scandalFinancial Times - Jan. 7 -
Experian accused of failing to properly investigate consumer disputes
A top watchdog agency for consumer finance has accused the credit rating company Experian of failing to properly investigate consumer disputes. In an announcement Tuesday, the Consumer Financial ...The Hill - Jan. 7 -
US accuses Sudan paramilitary force of genocide
Biden administration places sanctions on leader of Rapid Support ForcesFinancial Times - Jan. 7 -
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Nicki Minaj accused of assaulting manager in lawsuit
Nicki Minaj's former manager has accused the rap superstar of berating and hitting him multiple times while she was on tour in Detroit.NBC News - Jan. 7 -
FAA Head Says Boeing Must Put Culture of Safety Above Profits
A year after the midair blowout of a 737-MAX door panel sent the company in a downward spiral, federal aviation chief Mike Whitaker said the planemaker still has work to do to ensure its jetliners ...Inc. - Jan. 3 -
Apple settles Siri eavesdropping accusations for $95M
Apple has agreed to pay $95 million to settle a class-action lawsuit alleging the tech giant used its voice assistant Siri to obtain and share private conversations without users' permission. The ...The Hill - Jan. 3 -
Brompton profits almost wiped out after lower UK and Europe sales
British folding bike specialist cites economic headwinds and sector’s challenges as earnings drop below £5,000Financial Times - Jan. 2 -
Swisscom Trims Profit Outlook on Early Closing of Vodafone Italia Deal
Swisscom lowered its core earnings guidance after the deal to merge its Italian subsidiary Fastweb and Vodafone’s operations closed on Dec. 31.The Wall Street Journal - Jan. 2
