Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil’s earnings season by beating market consensus for its first quarter net profit.
Auto retailer AutoNation Inc on Thursday missed Wall Street estimates for first-quarter revenue as higher new vehicle and after-sales demand was offset by weakness in used vehicle and customer financial service businesses.
The Swiss government has done a ‘very good job’ with Credit Suisse’s rescue given circumstances, but the question now is how the takeover settles and how UBS positions itself going forward, Philipp Hildebrand, BlackRock’s vice chairman said on Thursday.
Warehousing specialist Segro , said on Thursday it was witnessing strong demand from a diverse range of customers amid limited supply in the market, sending its shares as much as 4% higher.
Fifth Third Bancorp reported a near 13% rise in first-quarter profit on Thursday as the lender’s income was bolstered by a slew of interest rate hikes by the U.S. Federal Reserve.
A Kenyan judge ruled on Thursday that Facebook’s parent company Meta could be sued in Kenya, after 43 moderators at its Nairobi hub last month filed a lawsuit against the group and its local partner Sama for unfair termination.
Europe’s flourishing luxury goods industry was under scrutiny on Thursday after European Union antitrust regulators started inspecting a Gucci facility in Milan as part of an investigation spanning several countries.
IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American customers as other big-box retailers close stores.
A recent pullback in commodity prices will aid Tesla Inc’s bruised margins only in the second half of the year, signalling more near-term pain for the electric-car maker which has been cutting prices to prop up sales.
Sunnova Energy International said on Thursday the U.S. Department of Energy (DOE) will provide the solar company up to $3 billion in a partial loan guarantee to expand clean energy access.
