News

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28 Oct 2024 19:21

Earnings Call: Onsemi Reports a Slight Increase in Revenue, Reaching $1.76 Billion

Daily News

onsemi (ON) announced a sequential revenue increase of 2%, reaching $1.76 billion during its Q4 2024 Earnings Call. However, the company faced year-over-year decl...

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28 Oct 2024 19:18

Canfor Reports Third Quarter Losses, Remains Optimistic About Strategic Expansion

Daily News

In the recent earnings call for the third quarter of 2024, Canfor Corporation (CFP) CEO Don Kayne presented a mixed financial picture, highlighting significant lo...

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28 Oct 2024 19:17

Alliance Resource Partners Reports Mixed Q3 Results Amid Market Volatilities

Daily News

On October 31, 2024, Alliance Resource Partners LP (NASDAQ: ARLP) discussed its third-quarter financial performance, highlighting both challenges and strategic ad...

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28 Oct 2024 17:20

WeRide Inc Closes $485.5 Million IPO

Daily News

WeRide Inc. (Nasdaq: WRD), a global leader and pioneer in the autonomous driving industry, announced today that its previously announced initial public offering (...

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28 Oct 2024 17:11

Norway Invests Over $360 Million in U.S. Air Defense Missiles

Daily News

The Norwegian army announced on Monday that it has signed a deal worth 4 billion Norwegian kroner (approximately 362.91 million dollars) for the purchase of AIM-1...

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28 Oct 2024 17:10

Alibaba Resolves $433.5 Million Lawsuit Amid Monopoly Allegations

Daily News

Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) has agreed to pay $433.5 million to resolve a class action lawsuit filed by investors in the U.S. T...

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28 Oct 2024 17:10

Korea Zinc Conducts Stock Buyback to Prevent Takeover

Daily News

Korea Zinc successfully repurchased 9.85% of its shares, valued at $1.5 billion, as a strategic move to prevent a takeover. This action is part of the company's e...

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28 Oct 2024 17:10

New York Attorney General Investigates Capital One-Discover Deal

Daily News

New York Attorney General Letitia James has begun reviewing Capital One Financial Corp's proposal to acquire Discover Financial Services. The $35.3 billion deal i...

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28 Oct 2024 17:10

Court Deems Tesla CEO's Tweet Protected Under Freedom of Expression

Daily News

On Friday, the 5th U.S. Circuit Court of Appeals overturned a previous ruling by the National Labor Relations Board (NLRB) requiring Tesla CEO Elon Musk to delete...

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28 Oct 2024 17:09

Philips Cuts Sales Growth Forecast Due to Slowdown in China

Daily News

Dutch medical device manufacturer Philips has revised its sales growth expectations for 2024 due to a decline in demand from China. The company reported a 2% decr...

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28 Oct 2024 17:09

Multinational Companies Adjust Their Strategies Under China's Economic Pressure

Daily News

Global companies are adapting to ongoing economic challenges in China by lowering prices and costs, downsizing operations, and altering strategies in response to ...

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28 Oct 2024 17:07

Boeing Pursues Over $15 Billion Capital Increase Amid Strike Challenges

Daily News

Boeing Co. (NYSE:BA) is launching a capital raise strategy of over $15 billion today, according to a source familiar with the company's plans. This move comes in ...

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28 Oct 2024 17:07

Eli Lilly Set to Launch Weight Loss Drug in Hong Kong

Daily News

Eli Lilly and Company is preparing to launch its weight loss drug in Hong Kong, as reported Sunday, likely by the end of this year. The pharmaceutical giant has r...

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28 Oct 2024 17:05

Azul Secures Additional $400 Million in Financing from Bondholders

Daily News

Brazilian airline Azul has reached a successful agreement with bondholders to secure additional financing. In a statement today, the company announced that it exp...

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28 Oct 2024 16:53

BAWAG Group Delivers Strong Performance in Q3 Results, Focused on Growth

Daily News

Leading banking group BAWAG Group (BAWAG) has announced its Q3 2024 results. The group reported a net profit of €178 million, an earnings per share (EPS) of €2.25...

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28 Oct 2024 16:05

Erdoğan: The Improvement in Our Economy's Key Indicators Continues Uninterrupted

Daily News

Forex - President Recep Tayyip Erdoğan stated, "Despite all the uncertainties in the global economy, the increasing conflicts and tensions in our region, and the ...

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28 Oct 2024 15:46

JPMorgan CEO Issues Call to Fight Against Banking Regulations

Daily News

NEW YORK - JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon criticized a series of regulatory measures impacting the banking sector at a conference held on Monday....

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28 Oct 2024 15:43

European IPOs Gain Momentum Following Summer Slowdown

Daily News

After a calm summer, the IPO market in Europe is regaining momentum. The Swedish real estate company Sveafastigheter is preparing to launch its IPO worth approxim...

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28 Oct 2024 15:42

Meta Develops AI-Powered Search Engine to Reduce Dependence on Google and Bing

Daily News

Meta Platforms Inc (NASDAQ:META) is in the process of developing its own AI-based search engine to distance itself from Alphabet Inc.'s Google (NASDAQ:GOOGL) and ...

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28 Oct 2024 15:07

AT&T Signs $1 Billion Fiber Supply Agreement with Corning

Daily News

AT&T (NYSE:T) has signed a multi-year agreement worth $1 billion with Corning (NYSE:GLW) to purchase fiber, cable, and connectivity solutions. This move is part o...

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28 Oct 2024 15:00

KB Financial Group's Q3 2024 Results Remain Steady

Daily News

KB Financial Group (KBFG) reported a modest increase in cumulative net profit for the third quarter of 2024 compared to the previous year, but a decline in profit...

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