Electric vehicle company Fisker said on Thursday that it would integrate dealerships alongside its direct-to-customer distribution strategy to boost sales.
Conagra Brands on Thursday cut organic net sales growth and profit forecasts for fiscal 2024 and warned of a slower recovery in demand for its packaged meals and snacks.
U.S. employers slowed layoffs in December, with the fewest announced job cuts since July, although the total for all of 2023 was the highest since 2020 when the COVID-19 pandemic emerged, a report out Thursday showed.
Walgreens Boots Alliance on Thursday reported better-than-expected quarterly profit, as cost-cut measures and higher drug prices boosted its pharmacy operations, and the company nearly halved its dividend to accelerate its savings measures.
Self-driving technology company Mobileye Global warned on Thursday that a pullback in orders from customers clearing excess inventory will batter its revenue this year, sparking a selloff in the shares of auto chip suppliers.
Japan Airlines (JAL) on Thursday said it expected losses of more than $100 million after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo’s Haneda airport this week.
Futures tracking the S&P 500 and Nasdaq were largely subdued on Thursday as investors awaited more U.S. economic data for cues on the Federal Reserve’s monetary easing path, while Apple slipped following a rating downgrade.
Blockbuster weight-loss drug maker Novo Nordisk announced on Thursday research collaborations with two U.S. biotech firms, part of its efforts to stay ahead in big pharma’s race to develop more treatments for cardiometabolic diseases.
BAE Systems said it would restart the production of structures for its M777 lightweight howitzer after it signed an initial deal worth up to $50 million with the U.S. army for the weapon, which has been donated to Ukraine.
