Latest in Billion Profit
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Allianz Narrows Guidance Range After Profit Beat
The insurance giant narrowed its outlook for the year to the upper end of its range after lower natural catastrophe claims drove third-quarter profits above expectations.Business - The Wall Street Journal - November 13 -
Tencent Profit Momentum Continues on Gaming Strength
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.Business - The Wall Street Journal - November 13 -
Foxconn reiterates forecasts after record profits
Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after record earnings and profit.Business - MarketWatch - November 14 -
JD.com Profit, Revenue Rise as Consumer Sentiment Improves
The Chinese e-commerce giant reported higher profit and revenue in the third quarter despite fierce competition from Alibaba and PDD Holdings.Business - The Wall Street Journal - November 14 -
NetEase's Profit Falls on Weaker Gaming Revenue
The Chinese videogame giant’s profit tumbled for a second straight quarter and revenue missed market expectations as the main business delivered a soft performance.Business - The Wall Street Journal - November 14 -
Deutsche Telekom Lifts Outlook After Profit Beat
The telecoms group raised its full-year guidance for a key earnings metric after reporting higher net profit in the third quarter, citing continued growth momentum on both sides of the Atlantic.Business - The Wall Street Journal - November 14 -
Spectrum Brands’ stock slides as profit lags estimates
“Challenging economic and geopolitical conditions” are impacting consumer demand, according to its CEO.Business - MarketWatch - November 15 -
Crackdown launched on child social care profiteering in England
Companies will be forced to disclose finances in bid to curb ‘excessive profits’ bankrupting councilsWorld - Financial Times - 6 days ago -
Hamas-linked security forces kneecap suspected profiteers in Gaza
Rampant aid theft prompts former authorities to attempt price controls and shoot rule-breakers as starvation loomsBusiness - Financial Times - 4 days ago -
Archer Daniels Midland Profit Plunges, Revenue Falls
Archer Daniels Midland said profit plunged in the third quarter, shortly after saying it would restate its 2023 filing with the Securities Exchange Commission, along with the first and second ...Business - The Wall Street Journal - 5 days ago -
Kuaishou Posts Profit, Revenue Growth, Meeting Estimates
The Chinese short-video app operator reported in-line results on advertising strength, even as it continued to face challenges in its e-commerce business.Business - The Wall Street Journal - 3 days ago -
Britvic Profit Rises on Strong Demand, Brazil Performance
The U.K. soft-drinks company said the preliminary results were due to strong demand for Pepsi and Tango, as well as improved trading in Brazil.Business - The Wall Street Journal - 3 days ago -
STMicroelectronics Sees Slowing Sales and Profit Growth
STMicroelectronics delayed a key sales target it hoped to hit much earlier, and cut its gross margin forecast, as the chip inventory glut that has plagued the industry in recent years continues to ...Business - The Wall Street Journal - 3 days ago -
Target shares tumble as retailer’s holiday forecast disappoints
US retailer blames muted sales of non-essential items and rising costsWorld - Financial Times - 3 days ago -
Nvidia’s Profit Doubles as A.I. Chip Sales Soar
The company, which dominates the market for chips used to build artificial intelligence, expects another big jump in the current quarter.Tech - The New York Times - 3 days ago -
JD Sports Expects Profit at Lower End of Guidance
The sneaker and fashion retailer trimmed its outlook after alerting of trading volatility due to higher promotional activity and mild weather in key markets.Business - The Wall Street Journal - 2 days ago -
Nvidia’s Profit Doubles as A.I. Chip Sales Soar
The company, which dominates the market for chips used to build artificial intelligence, expects another big jump in the current quarter.Tech - The New York Times - 3 days ago -
Waymo Raises $5.6 Billion From Outside Investors
Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.Business - The New York Times - October 28 -
Biden announces $3 billion investment in U.S. ports
President Biden announced a $3 billion investment to reinvigorate ports across the U.S. Mr. Biden spoke from the Port of Baltimore, not far from the site of the Francis Scott Key Bridge collapse.Top stories - CBS News - October 29 -
Alphabet Revenue Jumps 15% to $88.3 Billion
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.Tech - The New York Times - October 29 -
UEFA pledges $1 billion to grow women's soccer
UEFA pledged Wednesday to steer €1 billion ($1.08 billion) toward all levels of women's soccer over the next six years as part of a comprehensive strategy to grow the game in Europe.Sports - ESPN - October 30 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
Siemens to Buy Altair in $10.6 Billion Equity Deal
The German industrial giant is acquiring software and technology company Altair, a deal that will increase Siemens’s digital business revenue.Business - The Wall Street Journal - October 30 -
Kroger Finalizes $1.37 Billion Opioid Crisis Settlement
Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.Business - The Wall Street Journal - November 4 -
U.K. government cuts NatWest stake by £1 billion
The British government on Monday said it further trimmed its crisis-era investment in U.K. bank NatWest.Business - MarketWatch - November 11 -
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Rivian Automotive Inc. and Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology.Business - MarketWatch - November 13 -
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Samsung Electronics Plans $7 Billion Share Buyback
The South Korean technology giant’s stock repurchase plan comes amid investor concerns over its flagship memory-chip business, which is missing out on the artificial intelligence boom.Business - The Wall Street Journal - November 15 -
MicroStrategy’s stock surges on $4.6 billion bitcoin buy
MicroStrategy shares are surging on the software company and cryptocurrency play’s $4.6 billion bitcoin buy.Business - MarketWatch - 5 days ago -
MicroStrategy’s $30 billion Bitcoin Bet Is Paying Off
The stock is up 460 percent this year thanks to the crypto—more than double Nvidia’s returns.Business - Inc. - 4 days ago -
A look at the $3 billion classroom safety industry
With school shootings continuing throughout the U.S., classroom safety has become big business. Mark Strassmann takes a look at how some companies are trying to keep students safe.Top stories - CBS News - 4 days ago -
7-Eleven, the Slurpee and a $47 Billion Takeover Battle
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here’s why they’re hungry for it.Business - The Wall Street Journal - Yesterday -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
NatWest Lifts Guidance Again After Quarterly Profit Beat
The U.K. high-street bank raised its revenue and profit outlook for the second time this year after its third-quarter results topped market expectations, lifting shares to an over 13-year high.Business - The Wall Street Journal - October 25
