Lufthansa Confident on Outlook Despite First-Quarter Miss
Lufthansa confirmed its capacity and earnings forecasts for the year, fuelled by an expected strong summer travel season, but reported below-consensus earnings and revenue in the first quarter.
Stellantis Backs Targets After Sales Rise
Stellantis confirmed its full-year guidance after reporting a 14% rise in revenue in the first quarter on more shipments and higher net pricing.
BNP Paribas Boosted by Bank of the West Windfall
BNP Paribas posted above-forecast revenue and profit in the first quarter, helped by its U.S. sale, confirmed its targets for this year, and reiterated its 2025 objectives.
Bud Light Maker Offers Distributors Free Beer, More Ad Spending After Dylan Mulvaney Backlash
Anheuser-Busch wholesalers say they have faced plummeting sales and personal threats over backlash from a promotion with a transgender influencer.
CEOs of Microsoft, Alphabet called to AI meeting at White House: reports
Vice President Kamala Harris will reportedly host the chief executives of Alphabet , Microsoft, OpenAI and Anthropic at the White House on Thursday to discuss artificial intelligence issues.
Albemarle Approves Up to $1.5B Lithium Hydroxide Plant Expansion
Albemarle said it plans to double the capacity of a lithium hydroxide plant in Western Australia, raising its bets on the battery material used to power electric cars.
Unity Conducts Its Third and Largest Round of Layoffs in a Year
The software company’s move to let go about 600 employees follows a recent string of job cuts in the tech industry and beyond.
Starbucks Profit Surges on Higher Prices, Improved Operations
The coffee chain said higher prices and more-efficient operations helped drive higher sales and profit in its most recent quarter, while business in its China market improved.
Ford Posts $1.8 Billion Profit, Cuts Mustang Mach-E EV Prices
The auto maker’s earnings are lifted by demand for high-end models.
Uber Results Boosted by Rides, Delivery
The ride-hailing leader predicts growth to continue in the current quarter.
Source: Dow Jones Newswires