General Motors said on Wednesday its new labor deals following a lengthy U.S. strike will cost it $9.3 billion even as it outlined $10 billion in share buybacks, a 33% dividend increase and reduced spending at its robotaxi unit Cruise.
The biggest U.S. ETF tracking clean energy shares was on track for record annual outflows as a rapid rise in interest rates, surging raw materials costs and supply chain disruptions make the fund less attractive to investors.
Producers of Cuba’s famous rum are feeling the pinch with local sugar output forecast to remain at record lows this season amid a grueling economic crisis which has dramatically reduced supplies of fertiliser, fuel and other inputs needed to grow cane.
The head of Dubai’s Emirates has urged Rolls-Royce to go “back to basics” and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits.
KKR & Co said on Wednesday it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal.
Foot Locker on Wednesday forecast a smaller-than-expected decline in fourth-quarter comparable sales, anticipating resilient consumer demand during the key holiday shopping season.
Skippy peanut butter maker Hormel Foods forecast fiscal year 2024 profit below estimates on Wednesday as consumers reduce spending on its pricier meat products and ready-to-eat meals as well as pressure on its retail business.
Huawei Technologies’ (HWT.UL) new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said.
Dollar Tree trimmed its full-year sales forecast on Wednesday after missing third-quarter estimates, indicating that persistent inflation was weighing on demand for non-essential products at its stores.
Shares of retail traders’ darling GameStop jumped 12.5% in strong premarket trading volume on Wednesday, looking to build on a rally from the previous session as a broader recovery in markets spurred appetite for speculative bets.
