ASML Sees Good Overall Demand
ASML said first-quarter net sales and gross margin beat guidance as it forecast 2023 sales growth of over 25% compared with 2022, and despite some mixed signals on demand, overall demand still exceeded its capacity for this year.
Telecom Italia Gets New Bids From Network-Assets Suitors
Telecom Italia said it has received two new nonbinding offers for its fixed-line network assets from a consortium formed by CDP and Macquarie, and from KKR, but the terms weren’t disclosed.
Twitter Chief Elon Musk Tries to Reassure Advertisers
The billionaire says he is receptive to brands’ concerns but will give priority to free speech.
Fox to Pay $787.5 Million to Settle Dominion’s Defamation Lawsuit
The settlement averts a trial on the voting-machine company’s allegations that it was defamed by network broadcasts after the 2020 presidential election.
Omnicom to Reduce Global Real-Estate Space Even as Employees Return to Office
The owner of ad agencies including BBDO and TBWA predicts continued growth throughout 2023 as clients spend on performance- and event-based marketing services.
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon.
United Airlines Reports Quarterly Loss
The airline expects to post a profit in the second quarter as summer travel accelerates.
MillerKnoll CEO Sparks Viral Outrage After Telling Staff to ‘Leave Pity City’
Andi Owen is the latest leader to face backlash after a video from a meeting is shared online.
Star Entertainment to Cut 500 Jobs After Weak Earnings
UPDATED: Star Entertainment Group Ltd. plans to cut 500 full-time jobs as the Australian casino operator slashes costs in response to what it called an unprecedentedly weak earnings performance.
Kidney-Care Specialist Diaverum Expected to Be Sold in $2 Billion Deal
Mubadala-backed M42 would buy the operator of 440 dialysis clinics from buyout firm Bridgepoint.
Source: Dow Jones Newswires