Profit Hit
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Toyota Motor Projects Annual Profit Drop
The Japanese carmaker projected a drop in fiscal-year profit on higher costs and announced a share buyback after posting stronger fourth-quarter net profit thanks partly to a weaker yen.The Wall Street Journal - Business -
Alstom to Cut Costs, Forecasts Higher Profits
Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs.The Wall Street Journal - Business -
Alliance Pharma hit by delayed results and chief’s exit
UK drug group says for third time this year that auditors have been unable to finish checking its accountsFinancial Times - World -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Munich Re Says Full-Year Profit Could Top €5 Billion
The German reinsurer posted net profit for the first three months of 2024 of $2.3 billion, in line with preliminary figures, and said it was “more likely” it would surpass its full-year profit target.The Wall Street Journal - Business -
Applebee’s and IHOP parent suffers rare profit miss as consumers remain cautious
Stock falls premarket as same-restaurant sales for both Applebee’s and IHOP chains fell more than expected.MarketWatch - Business -
EU reaches deal on using profits from Russia’s frozen assets for Ukraine
10% of the windfall profits will fund non-lethal aid to assuage EU member states that do not wish to fund arms. The EU has reached a deal to seize profits from Russia’s frozen assets to fund weapons and aid for Ukraine within months.. EU senior ...The Guardian - World - Ukraine -
EU agrees to arm Ukraine using profits from Russian state assets
Belgium’s central securities depository Euroclear expected to start transferring money to bloc in JulyFinancial Times - Business - Ukraine -
Eye Opener: Violent storms slam the Midwest, with tornadoes hitting Michigan town
Another day of violent storms slams the Midwest, as multiple tornadoes hit one Michigan town. Also, explosive testimony from Stormy Daniels about her alleged sexual encounter with former President Donald Trump. All that and all that matters in ...CBS News - Top stories -
Man Is Charged After Hitting Pro-Palestinian Protester With His Car
Two pro-Palestinian demonstrators whom the driver, Reuven Kahane, was arguing with were also arrested and charged.The New York Times - Top stories -
Rangers reacquire switch-hitting OF Robbie Grossman in a trade with the White Sox
The Texas Rangers have reacquired switch-hitting outfielder Robbie Grossman in a trade with the Chicago White SoxABC News - Sports - MLB -
Why coffee futures may have already hit their peak for the year
Coffee futures rallied last month, with the benchmark robusta variety climbing to a record and prices for arabica at their highest since 2022. But analysts suggest that prices for both have topped out for the year as weather conditions in Vietnam ...MarketWatch - Business -
EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets
European Union nations have reached a tentative breakthrough deal to provide Ukraine with billions in additional funds for arms and ammunitions coming from the profits raised from frozen Russian central bank assets held in the blocABC News - World - Ukraine