Britain’s biggest bank HSBC has partnered with Google to finance fast-growing climate technology firms behind some of the world’s most promising solutions to global climate change, executives from both firms told Reuters.
Investment manager T Rowe Price reported a smaller-than-feared drop in fourth-quarter profit on Thursday, helped by a rebound in equity markets that cushioned the hit from capital outflows.
Hershey on Thursday disclosed it was cutting jobs and would incur up to $60 million in costs, after the chocolate maker projected its full-year sales and profit below estimates.
Intercontinental Exchange reported a higher fourth-quarter profit on Thursday as trading volumes at the New York Stock Exchange parent surged, driven by strong growth in commodity and energy segments.
U.S. oil and gas producer ConocoPhillips beat Wall Street estimates for fourth-quarter profit on Thursday, helped by higher production in the Permian Basin and from a recent acquisition.
In 2017, Epic Games was among a handful of companies selected to participate in Walt Disney’s Accelerator incubator program, where the game company’s founder held ambitions of incorporating the entertainment giant’s well-known characters into his digital playground.
Apparel maker Under Armour lifted its annual profit and margin forecasts on Thursday, betting that easing input and freight costs would help offset slowing demand in North America, sending its shares up 8% before the bell.
Arm Holdings surged more than 25% on Thursday driven by strong forecasts as customers aim to design new chips for artificial intelligence work that could bump up royalties for the British tech firm.
Harley-Davidson reported a 38% fall in fourth-quarter profit on Thursday, hurt by slowing demand for motorcycles in North America as consumers cut back spending on pricier leisure purchases amid sticky inflation.
Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable energy.
