May 3, 2022 11:38 am
Goldman Sachs Group Inc (GS) said in a regulatory filing on Monday that it had cut its total credit exposure to Russia to $260 million in March from $650 million at the end of last year. In March, Goldman was the first Wall Street bank to announce its retreat from Russia following the latter’s incursion […]
Read moreApril 28, 2022 12:20 pm
Toyota Motor Corp (7203) reported on Wednesday its highest global vehicle production for the month of March ever, as production abroad offset a drop in Japanese output. The auto maker reported a 2.8% production surge to 866,775 vehicles worldwide in March compared to the same month of 2021 and also a monthly record. Still, Toyota’s […]
Read moreApril 28, 2022 10:21 am
US-based contract logistics provider GXO Logistics Inc (GXO) said on Wednesday that it aimed to significantly expand its share of sales in Germany over the upcoming 5 years through warehouse-related services in the country. The company has recently agreed to acquire Britain’s Clipper Logistics for nearly $1.3 billion in an attempt to take advantage of […]
Read moreApril 27, 2022 12:19 pm
Warner Bros Discovery Inc (WBD) announced on Tuesday it had added nearly 2 million paid streaming subscribers during the first quarter. The company’s total revenue surged 13% year-on-year to $3.16 billion in the latest quarter, supported by a rebound in ad spending and the Beijing Winter Olympics. Yet, the figure did not take into account […]
Read moreApril 27, 2022 10:27 am
Raytheon Technologies Corp (RTX) on Tuesday revised down its full-year revenue forecast, citing the loss of sales to Russia after Western sanctions. The aerospace and defense company now forecasts its 2022 revenue to fall within the range of $67.75 billion and $68.75 billion, compared with a prior forecast of $68.5 billion to $69.5 billion. According […]
Read moreApril 26, 2022 6:58 am
Ferrari will need to recall as many as 2,222 cars in China because of a potential fault in its braking systems, the country’s respective regulatory body said in a statement. According to the State Administration for Market Regulation, the recall, which is expected to be initiated on May 30th, will cover the 458 Italia, 458 […]
Read moreApril 22, 2022 8:55 am
Renault SA (RENA) on Friday reported lower first-quarter revenue, dented by the military conflict in Ukraine and a semiconductor shortage. The auto maker’s total revenue dropped 2.7% year-on-year to EUR 9.748 billion in the quarter. Excluding business operations of Avtovaz and Renault Russia, the group’s revenue went down 1.1% year-on-year to EUR 8.9 billion. In […]
Read moreApril 20, 2022 9:35 am
Verizon Communications Inc (VZ) said earlier this week it would increase the minimum pay of its new and existing customer service, retail and inside sales employees to $20 per hour in light of a tight labor market and surging inflation. The wireless carrier also said that retail specialist and assistant manager roles in some regions […]
Read moreApril 19, 2022 10:22 am
Western Digital Corp (WDC) and Kioxia Corp said last week they had formally agreed to jointly invest in the first phase of the Fab7 (Y7) manufacturing facility at Kioxia’s Yokkaichi plant located in the Mie Prefecture of Japan. Construction of the first phase of the Y7 facility has already been completed, while initial production is […]
Read moreApril 18, 2022 9:35 am
In an interview with CNBC last week, Amazon.com Inc’s (AMZN) Chief Executive Officer Andy Jassy said that the e-commerce company would probably not add cryptocurrency as a payment option to its retail business anytime soon. The CEO also said that users might be able to sell non-fungible tokens (NFTs) on Amazon’s e-commerce platform and that […]
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