Ford Motor moved to boost output of its popular F-series pickup trucks with an investment of roughly $3 billion in its southern Ontario site.
Category: Business
Volvo Car Sees Record Earnings Growth but Warns on Sales
Volvo shares rose sharply after the carmaker posted record growth in underlying earnings for the second quarter, and despite warning that potential tariffs from the […]
Meta in Talks to Buy Stake in Eyewear Giant EssilorLuxottica
The Facebook owner already has a partnership with the European company to make its Ray-Ban smart glasses.
Anglo American Cuts Coal Target Following Fire Incident
Anglo American cut its 2024 coal-production target after a fire incident at a major mine is set to suspend production for the rest of the […]
Novartis Raises Guidance as Key Drugs Boost Sales
Novartis now expects its core operating profit to grow in the mid to high teens, after second-quarter results outpaced analysts’ expectations, boosted by revenue from […]
TSMC Posts Stronger Second-Quarter Profit on Chip Demand
Taiwan Semiconductor Manufacturing Co.’s second-quarter net profit jumped on surging demand for advanced chips amid the global artificial-intelligence boom.
Publicis Lifts Sales Outlook on Further Market Share Gains
Publicis now expects organic net revenue growth of 5%-6% for the year, after second quarter sales beat analysts’ expectations, fueled by gains in market share.
Nokia Cautious on Outlook as Market Uncertainty Continues
Nokia cut its full-year sales outlook but said it was tracking toward the mid-point or slightly below the mid-point of its operating profit guidance, warning […]
Allianz Grows in Asia With Singapore Buy
Allianz is buying a 51% stake in Singapore insurance company Income Insurance for $1.6 billion as it expands in the region.
ASML Orders Boosted by AI Chip Boom
ASML booked orders ahead of market forecasts as chip makers rush to get their hands on key production equipment to meet booming AI demand, but […]