Tag: “Corporate”

Super Micro Jumps After Filing Delayed Financial Reports

Super Micro Computer Inc. gained 23% in premarket trading after it submitted outstanding financial reports to become compliant with Nasdaq Inc. rules, easing concerns that the server maker would be delisted.

TJ Maxx parent company posts strong holiday, but issues weaker-than-expected guidance

TJX Companies posted a better-than-expected holiday quarter driven entirely by customer transactions, indicating the off-price giant is still taking market share from department stores and other discounters as price-conscious consumers hunt for deals.

Bud Brewer AB InBev Stock Jumps After Higher Prices Boost Revenue, Profit

Anheuser-Busch InBev’s shares rose after the Budweiser brewer reported earnings that beat analysts’ expectations, boosted by higher prices and improvements in the U.S. that offset lingering weakness in China.

3M to return $10 billion to shareholders, reiterates sales forecast

3M Co said on Wednesday it would return at least $10 billion in cash to shareholders and targeted an operating margin of about 25% by 2027, as the diversified manufacturer benefits from a restructuring under its new CEO.

Verisk beats quarterly profit estimates on robust demand for data analytics

Verisk Analytics reported a better-than-expected profit for the fourth quarter on Wednesday, driven by strong demand for its data analytics products used by insurers to assess policy risks.

Lucid CEO steps down; EV maker plans to more than double production in 2025

Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson has stepped down as the company expects to more than double vehicle production this year to 20,000 units.

Aston Martin to Shrink Workforce, Delay EV Launch in Cost-Cutting Drive

Aston Martin said it plans to reduce its global workforce by 5% as part of a cost-savings program and pushed back the launch of its first fully electric car.

GM to increase dividend by 25%, buy back another $6 billion of shares

General Motors said on Wednesday it would increase its quarterly dividend by 25% and undertake a new $6 billion share buyback program to return excess cash and increase shareholder value.

Metlen: Οι αλλαγές στο… ημερολόγιο και τα σενάρια που φουντώνουν

Μερικές ημέρες πιο μπροστά έρχεται η ημερομηνία ανακοίνωσης των οικονομικών αποτελεσμάτων της Metlen για το α’ τρίμηνο, καθώς η σχετική δημοσίευση θα γίνει στις 24/4 αντί 8/5.

Ο Πόλσον δεσμεύεται να παραμείνει μακροπρόθεσμος μέτοχος της Τρ. Πειραιώς – O λόγος της πώλησης του πακέτου μετοχών

Τη δέσμευση της εταιρείας Paulson να παραμείνει μακροπρόθεσμος μέτοχος της Πειραιώς τονίζει η τράπεζα σε ανακοίνωσή της, στην οποία αναφέρεται στη συναλλαγή που πραγματοποιήθηκε χθες και μέσω της οποίας ο Αμερικανός επενδυτής, Τζον Πόλσον, προχώρησε σε πώληση 35 εκατ. μετοχών της τράπεζας.

BriQ: Στα €285 εκατ. η αξία του χαρτοφυλακίου ακινήτων

Την 31.12.2024 το χαρτοφυλάκιο της εταιρείας περιλάμβανε 57 ακίνητα συνολικής αξίας €285 εκ., η οποία διαμοιράζεται σε αποθήκες – logistics (31%), γραφεία (30%), καταστήματα και σουπερμάρκετ (26%), ξενοδοχεία (11%) και ακίνητα ειδικής χρήσης (2%).

BP to abandon pledge to cut oil and gas output as chief fights for group’s survival

BP will abandon its pledge to reduce oil and gas output and announce at least one major divestment at its investor day on Wednesday, said people familiar with the plan, as chief executive Murray Auchincloss battles to convince activist Elliott Management that he can turn around the energy major.

Lilly launches higher dose vials of weight-loss drug for $150 less than injector pen

Eli Lilly said on Tuesday it has begun selling higher doses of its popular weight-loss drug Zepbound in vials in the U.S. at a $150 discount to the cost of the injector pen versions, as it seeks to spur demand for the medicine.

Keurig Dr Pepper Sales Rise on Higher Volumes, Prices

Keurig Dr Pepper fourth-quarter sales climbed higher as the company sold more beverages at higher prices, even as the company swung to a loss.

Home Depot earnings beat Wall Street estimates, as retailer breaks comparable sales losing streak

Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects.

Baidu buys JOYY’s China live-streaming unit for $2.1 billion in digital video push

Baidu said on Tuesday it has bought JOYY’s China live-streaming business for about $2.1 billion, reviving a deal that fell through a year ago, as the search giant doubles down on the fast-growing digital video market.

Novo Nordisk’s stock is rallying as Hims & Hers’ stock falters. An Ozempic alternative won’t be available for long.

Novo Nordisk shares rallied on Tuesday as a maker of a weight-loss drug alternative confirmed it won’t be selling it for much longer.

Canada’s Scotiabank, BMO beat profit on capital markets, wealth management strength

Canada’s Bank of Nova Scotia and Bank of Montreal on Tuesday beat analysts’ expectations for quarterly profit driven by strong income from capital markets and wealth management businesses.

Unilever ousts chief Schumacher and promotes finance head Fernandez

Unilever has ousted chief executive Hein Schumacher after less than two years, replacing him with chief financial officer Fernando Fernandez as the consumer goods group steps up efforts to revive its fortunes.

Tesla to acquire parts of insolvent German parts maker Manz

U.S. carmaker Tesla will acquire parts of the insolvent German high-tech parts maker Manz AG , including more than 300 employees at its site in Reutlingen city in the southwest, the German company said on Tuesday.