Walmart shares suffered the biggest one-day drop since the eve of the Black Monday stock market crash after the company, cut its earnings guidance following a quarter in which it was wrongfooted by the rapid pace of inflation in the US.
Read more at Financial Times
Berkshire Hathaway, an insurance and investing conglomerate run by billionaire and investment legend Warren Buffett, reported Saturday a significant drop in earnings in the first quarter. Read more at The Business Times.
Read more at The Business Times
RIYADH: Shares of Al Rajhi, Saudi Arabia's largest valued bank, have slumped 15 percent since June started, suffering the biggest monthly decline since August 2015 when it fell 17.7 percent, data from Asharq Business shows. This came after investors ...
Read more at Arab News
The stock had previously closed at $93.41, but opened at $98.97. Ligand Pharmaceuticals shares last traded at $90.64, with a volume of 577 shares. The biotechnology company reported $0.76 earnings per share for the quarter ...
Read more at Kopsource
The stock had previously closed at $27.96, but opened at $30.10. Patterson Companies shares last traded at $30.99, with a volume of 8,899 shares traded. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus ...
Read more at MarketBeat
-First-quarter revenues drop 7.7%. -Lower anticipated global light vehicle production volumes. -Full-year guidance maintained. Global manufacturer of automotive fluid storage and delivery systems TI Fluid Systems (TIFS) said continued supply chain ...
Read more at Shares magazine
Shares of e-commerce companies from Etsy Inc. to Shopify Inc. tumbled in premarket trading Thursday after weaker-than-expected quarterly earnings results and forecasts deepened concerns that the pace of online shopping has slowed.
Read more at Bloomberg
Berlin-based online fashion platform Zalando has acquired Highsnobiety, a daily news website covering luxury lifestyles. Zalando says Highsnobiety will work as a strategic and creative adviser to enhance the company's storytelling and assortment ...
Read more at Inside Retail
News in business Category
The American National Institute for Standards and Technology (NIST) has now announced which cryptographic methods it will standardize to protect communications from future quantum computer cyberattacks. Peter Schwabe, Group Leader at the Max Planck ...
Read more at Mirage News
After buying Ben & Jerry's Israel for peanuts, Avi Zinger claims he 'can do what he wants' - and that includes selling ice cream in the West Bank. Following the deal, Ben & Jerry's sued its parent company, Unilever.
Read more at Haaretz
Indias increase in spending after the war has been far more dramatic, as it doesnt share a land border with Russia and its ports are normally too far away for cost-efficient shipping. The country spent $8.8 billion on petroleum and coal imports from ...
Read more at Economic Times
Ben & Jerry's filed a lawsuit in federal court against its parent company, Unilever, to try and stop the sale of its Israeli business to a local licensee.
Read more at Fox Business
Mars Petcare has halted supplies to Tesco as the supermarket faces its second dispute amid rising costs, as inflation continues to impact supplier and retailer relations. Mars Petcare, which produces brands such as Whiskas, Dreamies, Pedigree and Cesar ...
Read more at Retail Sector
ANKARA. Shell Nederland B.V. and Shell Overseas Investments B.V. reached a final investment decision to build what is set to be Europe's largest renewable hydrogen plant when operational in 2025, Shell announced in a statement on Wednesday.
Read more at Anadolu Agency
Ben & Jerry's is suing Unilever over a dispute about ice cream sales in Israel and the occupied Palestinian territories, further straining relations between the brand and its UK parent company. The maker of Cookie Dough and Phish Food ice ...
Read more at Financial Times