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BP to Book Up to $2 Billion Impairment
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VentureBeat - Tech
EA’s $1.262 billion in net bookings exceeds investor expectations
Electronic Arts has announced its Q1 FY25 financial results where the company exceeded guidance expectations.5 hr ago -
ABC News - World
UK oil giant BP to hand shareholders $7 billion this year by buying back stock even as profit falls
U.K.-based oil giant BP PLC said it will reward shareholders to the tune of $7 billion this year through the purchase of its own stock, even as it reported a near 30% decline in profits in the first half of 202414 hr ago - United Kingdom -
VentureBeat - Tech
Qualcomm unveils Snapdragon 4s Gen 2 to make 5G accessible to billions
Qualcomm unveiled the Snapdragon 4s Gen 2 mobile platform, which can make 5G accessible tobillions of smartphone users, the company said.18 hr ago -
CNBC - Business
Bill Ackman seeking to raise $2 billion in Pershing Square fund IPO, lower than original expectations
The Pershing Square USA IPO will be in the form of a closed-end fund, and is expected to hold many of the same positions as Ackman's other vehicles.9 hr ago -
CNBC - Business
HSBC shares rise 3% after profit beat, $3 billion buyback announcement
HSBC posted a narrow decline in pretax profit in the first half of the year, but beat expectations on the back of a high-interest rate environment.18 hr ago -
The Wall Street Journal - World
Heineken Shares Sink After China Impairment Hits Earnings
Heineken shares fell after the Dutch brewer said a significant impairment in China weighed on its net earnings, while its updated guidance came in below market expectations.2 days ago - China -
The Wall Street Journal - Business
Heineken Shares Sink After China Impairment Hits Earnings
Heineken shares fell after the Dutch brewer said a significant impairment in China weighed on its net earnings, while its updated guidance came in below market expectations.2 days ago - China -
Los Angeles Times - Entertainment
The week's bestselling books, Aug. 4
The Southern California Independent Bookstore Bestsellers list for Sunday, Aug. 4, 2024, including hardcover and paperback fiction and nonfiction.12 hr ago -
CNBC - Business
Oil major BP raises dividend as second-quarter profit beats expectations
British oil giant BP on Tuesday reported stronger-than-expected net profit for the second quarter following a warning over lower refining margins.10 hr ago -
The Wall Street Journal - World
BP Profit Tops Estimates Despite Weaker Refining Margins
BP’s underlying profit rose in the second quarter, beating market forecasts, after higher volumes offset significantly lower refining margins, but impairments of $2.8 billion dragged the statutory result.15 hr ago
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The Wall Street Journal - World
JPY Strengthens on Expectations for More BOJ Tightening
JPY strengthened against other G-10 and Asian currencies in the morning session on expectations for more BOJ tightening during Japan’s fiscal year that ends March 2025, analysts said.11 min ago -
The Wall Street Journal - World
Most JGBs Rise, Tracking Gains in U.S. Treasurys
Most JGBs rose in the morning Tokyo session, tracking overnight gains in U.S. Treasurys.49 min ago -
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Meta Sees AI Costs Surge as Digital Advertising Revenue Grows
Meta Platforms said quarterly digital advertising grew rapidly even as its investments in artificial intelligence and the so-called metaverse weighed on profits.5 hr ago -
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3D Printers Are Having a Moment Thanks to the U.S.
Efforts by the White House to onshore manufacturing jobs and incentivize U.S. emissions reductions are giving a lift to 3D-printing companies, many of which had previously looked to Asia for international growth.1 hr ago -
The Wall Street Journal - World
T-Mobile to Spend $4.9 Billion to Buy Metronet in JV With KKR
T-Mobile said it agreed to spend around $4.9 billion to form a joint venture with investment firm KKR to buy fiber-optic internet company Metronet, in a bid to reach more residential broadband users.7 days ago