Austrian lender Raiffeisen Bank has decided not to pursue the acquisition of a stake in construction group Strabag , it said in a statement on Wednesday.
Emerson Electric raised its full-year profit forecast on Wednesday on steady demand in its unit that makes valves, regulators and actuators, sending the engineering solutions firm’s shares up about 2% in premarket trade.
Reddit shares soared 14% on Wednesday after the social media firm floored investors with strong revenue growth and improving profitability in the first earnings since its market debut.
A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app’s estimated 900 million users.
Teva Pharmaceutical Industries reported a smaller than expected rise in first-quarter profit citing higher impairments of tangible assets, while sales of copycat medicines and its branded drugs to treat migraines and Huntington’s disease rose.
Global brewers are set to sell more beer this year after several quarters of declines, helped by factors from sports and slower inflation to weather patterns and a fading boycott.
Oil giant Shell said on Wednesday that it has agreed to sell its Bukom refinery in Singapore – one of the world’s largest oil refining and trading centres – to a joint venture of Indonesian chemicals firm PT Chandra Asri and global trading house Glencore, culminating a process that began last year.
Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its U.S. shares slumping 19% in premarket trading.
New York Times beat estimates for first-quarter revenue on Wednesday, as its bundled content offering attracted more subscribers to its website and app ahead of the Paris Summer Olympics and the 2024 U.S. presidential elections.
Uber forecast second-quarter gross bookings below expectations after missing the target for the first three months on Wednesday, sending it shares down nearly 7% before the bell.
