Sinopecs Profit Fell
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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 -
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 -
TPG Profit Slips as Private-Equity Firm Digests Additions
The buyout firm’s first-quarter profit fell on higher expenses that reflect growth over the past year, and executives at the alternative-asset manager laid out plans to further expand its offerings.The Wall Street Journal - World -
Airbnb wary of slowdown after early Easter sparks jump in profits
Home rental platform’s revenue growth forecast of 8%-10% in the second quarter is below recent trendFinancial Times - Business -
Apple Reports Decline in Sales and Profit Amid iPhone Struggles in China
The company continues to lean on customers’ appetite for apps and services, as demand for its devices weakens.The New York Times - Tech - Apple -
TPG Profit Slips as Private-Equity Firm Digests Additions
The buyout firm’s first-quarter profit fell on higher expenses that reflect growth over the past year, and executives at the alternative-asset manager laid out plans to further expand its offerings.The Wall Street Journal - World -
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 -
Home builders’ stocks have soared since we said they were cheap. These five are expected to grow profits rapidly through 2025.
Demand for new homes has been strong, despite high mortgage-loan rates.MarketWatch - Business