Honeywell International Inc on Thursday forecast a weak first quarter after missing on sales estimates for the last three months of 2023, due to lower demand in its businesses that offer building technologies and cater to warehouses.
Job cut announcements in January increased to its highest level in 10 months as employers in the financial and technology sectors launched restructuring efforts, a report released Thursday showed.
Major central banks stood pat on interest rates in January, as the much anticipated change of course in the global monetary policy draws closer while emerging market peers ploughed on with rate cuts.
Dover Corp beat Wall Street estimates for fourth-quarter profit on Thursday, led by strong demand for its industrial equipment in sectors such as HVAC, aerospace and waste-handling.
Peloton Interactive Inc forecast third-quarter revenue below market estimates, anticipating a fall in demand for its exercise equipment as sticky inflation keeps discretionary spending in check.
Canada’s Rogers Communications topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as a growing population and immigrants entering the country drove up demand for its services.
Cadence Design Systems on Thursday said it has designed a new artificial intelligence (AI) supercomputer system that can be used to simulate how air flows over jets and other gear as its competition with Ansys heats up.
South African pay TV company MultiChoice Group and U.S. media conglomerate Comcast’s NBCUniversal Media will invest about $177 million in Showmax’s video streaming platform during its current financial year, they said on Thursday.
Canada Goose Holdings , forecast fourth-quarter revenue above analysts’ estimates on Thursday, as the luxury goods maker bets on a sharp rebound in crucial market China to help ride out a slowdown in the U.S.
