Bunge Ltd raised its full-year earnings outlook on Wednesday after improved processing margins helped the agri-trader post a second-quarter profit above Wall Street estimates.
Spirit AeroSystems on Wednesday reported a higher cash burn for the second quarter, as the supplier of parts to Boeing faced a roughly week-long work stoppage due to a contract standoff and a quality issue related to a 737 fitting.
U.S. engineering and industrial software firm Emerson on Wednesday raised its fiscal 2023 forecast, as companies increase spending on automation in response to a tight labor market.
The Biden administration is divided over whether to grant a request from the U.S. biofuel industry that would make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House’s signature climate law, according to two sources familiar with the discussions.
Luxury sports car maker Ferrari on Wednesday raised its forecasts for its full-year revenue and core earnings by a modest amount, after better results in the second quarter, supported by a “very strong” order book.
The United States has banned goods from two China-based companies as part of an effort to eliminate forced labor practices in the U.S. supply chain, prompting a warning from Beijing of measures to safeguard Chinese firms’ rights.
Britain’s competition regulator said on Wednesday it is investigating Cameco Corp and Brookfield Renewable Partners’ $7.9 billion deal to acquire nuclear power plant equipment maker Westinghouse Electric.
Teva Pharmaceutical Industries reported higher than expected second-quarter profit, boosted by a jump in sales of its Austedo treatment for Huntington’s Disease.
Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said.
