Companies
Birkenstock raises annual revenue forecast on strong demand
The footwear manufacturer expects 15 percent revenue growth in 2026 following better-than-expected second-quarter sales.
Denise Dresser is leaving OpenAI to pursue other opportunities
Her departure follows another senior executive’s announcement to start something new.
SanDisk revenue growth projection aligns with storage output metric
The company's financial outlook corresponds to its bit growth, a measure of storage capacity produced.
Hertz Shares Fall After Pershing Square Sells Stake
The car-rental company's stock dropped after the investment firm led by Bill Ackman exited its position.
JBS names Batista family member as next CEO
The leadership change returns control of the global meatpacker to its founding family.
Foxconn reports 35% rise in second-quarter profit
Growth is driven by rising demand for AI data center computers as server manufacturing overtakes iPhone production.
Elliott Investment Management urges Northern Star Resources to overhaul board
The activist investor has named six nominees following stalled talks with the Australian gold miner.
Maersk Q2 profit exceeds forecasts as company raises outlook
The container shipping group anticipates continued market volatility amid ongoing disruptions.
Eli Lilly sues six companies over alleged illegal sales of retatrutide
The pharmaceutical company is targeting pharmacies and peptide vendors selling the unapproved obesity drug.
Paramount Studios mulls move out of California amid merger antitrust suits
CEO David Ellison reportedly weighs relocation to Republican-led states as regulators challenge the Warner Bros. deal.
Austal receives $1.2B offer for US operations from Hanwha unit
The Australian shipbuilder said the deal could fetch up to $1.2 billion for its US business, which sells ships to the US Navy and Coast Guard.
Tencent's Earnings Rise, WorkBuddy Sparks AI Turnaround Hopes
The Chinese internet giant reports rising earnings while its AI assistant shows early promise in catching up with rivals.
Covestro declares force majeure on Rhine low-water levels
Extreme water levels force first companies to cut production as industry representatives describe a crisis.
Sinopec converts Shanghai gas station to EV-only hub with BYD’s 1,500 kW chargers
China’s largest fuel retailer and the automaker launch their first joint charging hub, targeting charging without heavy grid upgrades
Uniper raises lower end of annual earnings outlook
German energy firm cites strong gas business performance as it prepares for potential state divestment
Erebor Bank in talks for $1.5 billion funding round
The crypto-focused lender seeks a valuation between $8 billion and $9.5 billion, driven by rapid deposit growth.
Lufthansa and pilots' union agree to conciliation process
The agreement follows disputes over salaries and pensions involving Lufthansa and its subsidiaries.
Turkish bus company Asya Tur sold to new owners
The 64-year-old operator, based in Kocaeli, has been acquired by Cemil Uzuner and İsa Yılgın.
Intuitive Surgical Stock Down 40%, But Competitive Threats Emerge
With a 42x P/E and rivals Medtronic and Johnson & Johnson entering the market, the surgical robotics leader faces new pressures.
Shein shrinks Vietnam operations, returns focus to China supply chain
The fast fashion retailer's retreat highlights how US tariff changes and production flexibility keep China at the center of its model.
Contact Energy Posts Strong H2 2026 Gains on Renewables
The New Zealand utility's shift toward renewable energy drove a 31% rise in FY26 EBITDAF, according to the earnings call presentation.
Itaú Unibanco Q2 net income rises 7.8% to BRL 12.4 billion
Brazil's largest private bank posts higher lending and capital while trimming its full-year fees outlook.
Treasury Wine takes A$558.4m writedown on US supply overhaul
The Australian vintner flagged the charge ahead of its full-year earnings, as it moves to fix supply chain issues in the US market.
AirBaltic seeks €225m financing amid fleet cut
Latvian carrier reschedules bondholder vote after failed quorum, prioritizes stability over expansion.
Porsche SE reports 2.2 billion euro loss due to Volkswagen stake write-down
Majority shareholder urges Volkswagen to act quickly on cost-cutting and capacity issues
The Trade Desk shares fall following earnings miss and weak outlook
The advertising technology company reported a revenue miss and signaled slower growth for the second quarter.
Allianz SE reports record second-quarter operating result of 4.87 billion euros
Record profits driven by insurance and asset management businesses offset lower-than-expected net profit.
Daimler Truck second-quarter profit falls by 48 percent
The German-based company attributed the decline to tariff burdens in North America.
Microchip Technology forecasts second-quarter revenue above estimates
The semiconductor firm cites strengthening demand in AI data centers, automotive, and aerospace sectors.
Fujifilm Holdings Corp. shares hit record single-day decline in Tokyo
The stock price drop follows first-quarter earnings that missed market expectations.