War Profits
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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 -
CBA Reports Lower Profit as Margins Weaken
Commonwealth Bank of Australia posted a fall in third-quarter profit, reporting slightly lower margins as competition remains in the country’s retail banking sector.The Wall Street Journal - World -
'The Unvanquished' Review: From the Shadows of the Civil War
In guerrilla fighting between the larger Union and Confederate forces, irregular forces went on missions of sabotage and assassination.The Wall Street Journal - 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 -
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 -
Robinhood Stock Jumps After Company Reports Record Revenue and Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 6% after hours.The Wall Street Journal - World