Elon Musk’s X Sues Nonprofit That Accused It of Allowing Hate Speech
Elon Musk’s social-media company is suing a nonprofit that has accused the platform of allowing the proliferation of hate speech.
BP Misses Forecasts But Starts Buyback
BP posted a sharply lower replacement-cost profit of $2.6 billion in the second quarter, hit by weaker oil-and-gas trading, and launched a $1.5 billion buyback program.
HSBC First-Half Profit Surged to $17 Billion
HSBC raised its 2023 guidance for net interest income, with profit more than doubling in the first half.
Diageo Profits Rise; Backs Medium-Term Guidance
Diageo reported profits and sales for fiscal 2023 that came in below expectations, despite abaove-consensus organic net sales growth of 6.5%, and confirmed its 2023-25 projections for sales and operating profit growth.
Toyota Motor Profit Surged on Easing of Chip Shortage
Toyota Motor said its first-quarter net profit rose 78% from a year earlier as a shortage of chips eased and sales grew across markets.
Daimler Truck Keeps Outlook as Profits Jump
Daimler Truck reported a 41% rise in adjusted earnings in the second quarter, boosted by pricing and demand, and backed its full-year guidance.
Deutsche Post Lifts Outlook Slightly Despite Weaker Second Quarter
Deutsche Post raised the lower end of its guidance for 2023 despite reporting a 27% drop in second-quarter underlying earnings, hurt by a combination of weaker demand and comparisons with last year’s record results.
CVS to Shed 5,000 Jobs in Cost-Cutting Push
The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants.
X Sign Removed From Former Twitter HQ
The X sign, erected Friday atop the building in downtown San Francisco, was removed after complaints from residents and a city citation.
Fast Fashion Aims to Mend Its Image With Repairs
Brands are encouraging shoppers to patch up their old clothes instead of throwing them out as they face growing environmental scrutiny.
Source: Dow Jones Newswires