Siemens Energy Lowers Full-Year Guidance
Siemens Energy now expects a net loss of EUR4.5 billion, while profit margin before special items is seen between minus 10% and minus 8% for 2023, due to mounting challenges at Siemens Gamesa that will cost EUR2.2 billion.
Hua Hong Semiconductor Rises in Shanghai Debut
Hua Hong Semiconductor’s shares rose in their Shanghai debut, after the Chinese chipmaker raised close to $3 billion in the country’s largest initial public offering so far this year.
Pratt & Whitney Engine Problems Lead Some Airlines to Reduce Flights
The aerospace and defense company RTX’s bet on single-aisle jetliners has run into quality and durability concerns.
Pfizer’s Covid Boost Crashes to Earth
With the company’s pandemic lift from the Covid-19 vaccine and drug sales over, Pfizer CEO Albert Bourla is betting on new drug approvals and deals.
Pollo Tropical Restaurant Chain to Be Sold
Authentic Restaurant Brands is expected to buy Fiesta Restaurant Group for $225 million.
Space Companies Struggle to Meet Lofty Goals
Newer industry players are cutting jobs, trimming spending and reining in plans.
America’s Truckers, Cargo Pilots and Package Carriers Are Fed Up
Inflation and resentment are stoking heightened labor activism, with FedEx pilots rejecting a union-brokered deal.
‘Barbie’ Surpasses $1 Billion at the Box Office
“Barbie” is now the fourth U.S. motion picture directed or co-directed by a woman to cross the billion-dollar mark.
How Nike Sneakers Get Stolen at Every Turn
The company’s warehouses, trucks and stores are regularly targeted by organized crime groups looking to steal and resell Air Jordans.
Another Big Chinese Property Domino Is Wobbling
Bonds of Country Garden, China’s largest developer by contracted sales, have been in free fall.
Source: Dow Jones Newswires