The Birkin handbag maker reported higher sales for the second quarter, with wealthy customers helping it defy a global slowdown in demand that is troubling […]
Category: Business
Kroger, Albertsons Pause Merger During Colorado Lawsuit
The two supermarket chains have agreed to halt their $25 billion deal until a court rules on Colorado’s lawsuit to block it, according to the […]
Standard General Agrees to Buy Out Bally
Hedge fund Standard General agreed to buy the balance of shares in casino chain Bally’s in a deal that values the firm at about $4.6 […]
How Kay Jewelers and Zales Are Trying to Convince You to Buy More Jewelry Online
The company is using data analytics and AI to tailor marketing messages to potential buyers at just the right time.
TotalEnergies Expects Flat Hydrocarbon Output
TotalEnergies said it expected third-quarter hydrocarbon production to remain largely unchanged from the second quarter, as it reported a fall in net profit for the […]
Unilever Boosted by Margin Improvements Despite Underlying Sales Miss
Unilever reported underlying sales growth in the first half that came in slightly below forecasts, but its shares rose as analysts cheered the improvement in […]
Anglo American Swings to Net Loss on One-Off Charge
Anglo American posted a net loss in the first half on lower iron ore prices and sales and after it booked an impairment of $1.6 […]
Julius Baer Profits Fall, Miss Consensus Forecasts
Julius Baer reported lower profits for the first half of 2024 as a rise in client assets and activity was offset by higher interest expenses.
Southwest Airlines Is Ditching Open Seating on Flights
Under pressure to improve profits, Southwest plans big changes for the boarding of its flights as well as fliers who want premium seating.
Universal Music Sheds $16 Billion in Market Cap After Revenues Disappoint
The record label behind Taylor Swift, Billie Eilish and Ariana Grande posted revenue growth from subscriptions and streaming services well below what analysts had expected.