Shell Earnings Top Views, Details Buyback
Shell announced a $4 billion share buyback and reported first-quarter adjusted earnings of $9.7 billion, beating expectations, but falling on quarter due to tax movements and lower prices.
AB InBev Earnings Boosted by Revenue Beat
AB InBev reported a 14% rise in normalized earnings to $4.8 billion on above-forecast organic revenue growth, and said it expected 2023 Ebitda to gain in line with its medium-term outlook of 4%-8%.
Volkswagen Confirms Guidance After Strong Sales Growth
Volkswagen confirmed its financial targets for 2023 after reporting a 35% rise in underlying operating profit to EUR7 billion, as revenue jumped on strong demand for its cars in Europe and North America.
Apollo Global-Led Group Nears Deal to Buy Arconic
The firms are set to pay $30 a share, or about $3 billion, for the industrial-parts manufacturer, according to people familiar with the matter.
PacWest stock plummets more than 50% after report of potential sale; other bank stocks fall too
PacWest Bancorp shares tumbled more than 50% in after-hours trading Wednesday, after a report that the company’s executives are weighing a possible sale.
J&J Prices Consumer Unit IPO at $22 a Share
The listing of the Tylenol maker would be by far the biggest initial public offering so far this year.
Car Insurance Rates Are Going Up Again
Big insurers say they need to boost premiums further to offset higher costs for repairs.
Qualcomm Sees No Immediate Smartphone Demand Recovery
The mobile-phone chip maker is diversifying into new areas as its core market slows.
FTX Asks for Billions Back From Bankrupt Crypto Lender Genesis
The bankrupt crypto exchange filed clawback claims against the crypto lender.
Nordstrom Is Closing San Francisco Stores as Cities’ Retail Pain Grows
Lower levels of foot traffic, perceptions about crime and changes in spending cloud picture for merchants in large cities.
Source Dow Jones Newswires