Siemens Plans Asia Production Expansion
Siemens said it planned to invest EUR2 billion to boost manufacturing capacity this year to tap growth opportunities in digitalization and automation and after experiencing “significantly above-market growth.”
H&M Sales Rise But Miss Forecasts
H&M second quarter sales rose by 6% on year but were “flattish” in local currencies, affected by unfavourable weather conditions, but said June had got off to a good start.
Music Companies Sue Twitter Over Alleged Copyright Violations
Publishers representing thousands of artists are seeking more than $250 million in damages for use of music in tweets.
What Lennar’s Results Say About the Housing Market
Shares climbed after the home builder’s earnings beat. The quarter covered the bulk of the typically hot spring season.
UnitedHealth and Humana Stocks Fall as Seniors Catch Up on Surgeries
‘More seniors are just more comfortable accessing services for things that they might have pushed off a bit like knees and hips,’ the health insurer says.
Inflation, Ad Cuts Can Be Winning Combo for Progressive
Auto insurers such as Progressive are finally seeing rates start to catch up to rising repair costs, and cutting ad budgets can help.
Stitch Fix Taps Former Macy’s, Walmart Exec as CEO
Matt Baer will lead the fashion company as it cuts costs, alters operations.
Plug Power Stock Climbs After It Lays Out a Path to Growth and New Deals
Plug will host its analyst day on Wednesday at 11 a.m. eastern time.
AMD’s Superchips Face a Trillion-Dollar Hurdle
That hurdle is Nvidia, which has a very strong head start in the AI market having spent years developing the underlying software code and other key technologies.
EU Says It Might Seek Breakup of Google’s Ad-Tech Business
The move means Europe is joining the U.S.’s antitrust assault on Google’s ad-tech business, potentially setting up a protracted battle.
Source: Dow Jones Newswires