Unilever Lifts Guidance as Sales Growth Tops Views
Unilever posted underlying sales growth of 7.9% for the second quarter, ahead of consensus forecasts, as price increases outweighed a slight decline in volumes, and it raised its full-year sales target.
Shell to Sell 35% Interest in Indonesia’s Masela Block for Up to $650 Million
Shell is selling its 35% interest in Indonesia’s Masela production sharing contract, which includes the Abadi gas project, to PT Pertamina Hulu Energi and Petronas Masela for up to $650 million in cash.
Remy Cointreau Outlook on Track Despite Sales Fall
Remy Cointreau said sales for the first quarter fell to EUR258 million, down 35% on an organic basis, due to a continued normalization in U.S. consumption patterns but it remained confident of meeting its outlook for fiscal 2024.
Alstom Sales Rise, Maintains Outlook
Alstom posted a 4.3% rise in first-quarter sales and confirmed its fiscal 2024 outlook and 2026 targets.
Chinese Developers Jump After Beijing Signals Support for Property Sector
Shares of Chinese developers rose after China’s top leadership pledged more policy support and adjustments to property policy.
Elon Musk’s Pivot to X Draws Strong Opinions Across Twitter
The latest move by the billionaire owner to remake the platform elicits excitement and dismay from users, shrugs from advertisers.
Tucker Carlson’s Fox Exit Helps Boost Newsmax Ratings
The surge for conservative news channel Newsmax has corresponded with a decline in Fox News’s prime-time ratings following Carlson’s exit.
Whirlpool bets on housing recovery as quarterly sales drop
Whirlpool Corp. ‘s stock fell more than 2% in after-hours trading Monday after the appliances maker’s sales dropped year-on-year as promotions were back, but the company said it hopes to benefit from a housing recovery.
FDIC Scolds Banks for Manipulating Deposit Data
Lenders lowered their uninsured deposits by nearly $200 billion after bank failures.
Yellow Avoids Strike in Summer of Labor Strife
The Teamsters called off a strike at Yellow after the logistics provider agreed to make payments to funds providing employees with healthcare benefits.
Source: Dow Jones Newswires