Deutsche Bank Reports Higher Profit in Tumultuous Quarter
Deutsche Bank said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates.
AstraZeneca Revenue Hurt by Drop in Covid-19 Drug Sales
AstraZeneca backed its 2023 guidance, after it posted a first-quarter profit of $1.8 billion, beating forecasts, but said revenue from Covid-19 medicines, including its vaccine, is expected to decline significantly in 2023.
Jeep Maker to Offer Buyouts to Hourly, Salaried Workers
Stellantis will offer voluntary separation packages as it trims costs to fund its transition to electric vehicles.
Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year
The company reported revenue of $28.6 billion, up 3% from a year prior, as it continues to improve after the loss of ad-tracking capabilities in 2021.
Samsung Electronics First-Quarter Profit Plunged
Samsung Electronics Co.’s first-quarter net profit slid 86% from a year earlier, with its semiconductor segment posting a large loss amid a downturn in the chip industry.
Chinese Spirit Maker ZJLD Slides in Debut
ZJLD Group, which makes Chinese spirit baijiu, got off to a rocky start in its trading debut in Hong Kong.
Mattel says retailers are still skittish about stocking up on toys, but sticks with its financial outlook
Toy maker Mattel Inc. on Wednesday reported better-than-expected first-quarter results and held to its full-year outlook.
Legislation Aims to Increase Live-Ticketing Competition
Sens. Richard Blumenthal and Amy Klobuchar have introduced a bill to curb long-term exclusive contracts between ticket sellers and venues.
Blackmores Recommends Takeover Proposal by Kirin
Blackmores agreed to a takeover proposal by Kirin Holdings that values the Australian vitamin and supplement maker at about A$1.84 billion.
Roku stock gains after earnings beat, though ad market remains challenging
Roku shares rose 2% in Wednesday’s after-hours action as the streaming media company topped expectations for its latest quarter.
Source: Dow Jones Newswires