Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncertain economy and high interest rates.
Beverage maker Keurig Dr Pepper beat Wall Street expectations for first-quarter sales and profit on Thursday, helped by steady demand for its high-priced sodas and tonic water.
Packaging company International Paper beat Wall Street’s expectations for first-quarter sales on Thursday, capitalizing on higher prices, improved production and a rebound in demand for its products.
Allegion reported first-quarter profit above Wall Street estimates on Thursday, helped by price hikes and strong demand for its security systems in commercial buildings.
First Citizens BancShares’ first-quarter profit beat expectations as the lender earned higher interest income and reaped the benefits of its acquisition of Silicon Valley Bank (SVB) last year.
BHP Group bid $38.8 billion for Anglo American on Thursday, offering a deal to forge the world’s biggest copper miner and driving its smaller rival’s shares nearly 14% higher.
Bombardier reported a higher-than-expected cash burn in the first quarter on Thursday as the Canadian planemaker builds up inventory to support increased production of business jets amid resilient demand for private flying.
Democratic Republic of Congo is pushing Apple Inc for information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged by Congo said on Thursday.
