Standard Chartered’s Profit Rises on Jump in Interest Income
The Asia-focused bank said first-quarter net profit rose 10%, driven by sharply higher interest income as global central banks continued to raise interest rates.
Roche Sales Hit by Lower Covid Test Demand
Roche backed its outlook for the year despite posting lower first-quarter revenue of EUR15.3 billion, as the diagnostics division saw a sales decline of 28% due to significantly weaker demand for Covid-19 tests.
GSK Profit, Sales Beat Views; Backs Outlook
GSK confirmed its 2023 guidance after it reported first-quarter net profit and sales above expectations but that declined on year due to lower sales of Covid-19 treatments.
Honda to Launch EV in North America in 2025
Honda Motor will launch a new mid- to large-size electric vehicle in North America in 2025, part of the auto maker’s plans to make its lineup fully electric by 2040.
Google Is All About Cost Control Now
A race with Microsoft to deploy expensive generative artificial intelligence technology into services like search, cloud and software offerings won’t come cheap.
First Republic Joins the Living Dead
The bank can survive, but it can’t thrive for the foreseeable future because of the costs of its rescue.
Carrier to Buy Viessmann Climate Solutions for Nearly $13.2 Billion
The deal for the heat-pump manufacturer expands Carrier’s international business.
TikTok Ban in Montana Faces Speed Bump as Governor Seeks Changes
Gov. Greg Gianforte is requesting amendments to the bill to broaden it to all social-media apps that provide certain data to foreign adversaries.
Tucker Carlson’s Vulgar, Offensive Messages About Colleagues Helped Seal His Fate at Fox News
The prime-time host called a senior executive the c-word in a redacted missive, and the network grew wary of further possible embarrassment.
Chipotle plans to pause price hikes and lean into menu ‘hidden gems,’ as new stores and cheaper avocados boost earnings
Shares of Chipotle Mexican Grill Inc. moved higher after the fast-casual Mexican chain reported first-quarter results that beat expectations.
Source: Dow Jones Newswires