Nokia Hit by Slowdown in US Spending
Nokia’s second-quarter net profit fell 29% but came in slightly above forecasts, as macroeconomic uncertainty weighed on sales, while U.S. customers continued to cut spending.
TSMC’s Second-Quarter Net Profit Fell 23% on Lower Revenue, Margins
Taiwan Semiconductor Manufacturing Co. said its second-quarter net profit fell 23% from a year earlier on lower margins and revenue..
BHP Increases Annual Copper, Iron-Ore Output
BHP said it produced more copper and iron ore last fiscal year and will likely increase production of those commodities again in the year ahead.
Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth
The streaming giant says the Hollywood strikes will lead to less content spending and increased free cash flow this year.
Tesla’s Profit Jumps 20% as Price Cuts Boost Deliveries
The EV maker sought to boost demand with less expensive offerings, but Chief Executive Elon Musk cautions more reductions may be needed.
Coles’s Bid for Saputo Processing Plants Raises Competition Concerns
Australia’s competition watchdog is concerned that Coles’s proposed acquisition of two milk-processing plants could reduce the long-term viability of dairy processors and farmers.
Santos Second-Quarter Sales Revenue Fell 18%
Santos said its revenue fell by 18% in the three months through June compared with the prior quarter, reflecting reduced sales volumes of liquefied natural gas and lower energy prices.
Elliott Takes Big Stake in Drugmaker Catalent
The activist is pushing for a shake-up of the contract drug manufacturer’s board.
J&J Ordered to Pay Talc Victim $18.8 Million in Baby Powder Lawsuit
A 24-year-old cancer patient won the lawsuit but is unlikely to see the money any time soon.
L Catterton Chalks Up a Home Run on Oddity IPO
The consumer-focused firm said its $50 million investment in the makeup company is worth $900 million.
Source: Dow Jones Newswires