News
OSB Group Reports Decrease in First-Half Profit
OSB Group reports a decline in pretax profit for the first half of the year due to an adverse interest-rate adjustment. The company maintains its loan-book growth target and projects net interest margin and cost-to-income ratio for the year.
Read moreTapestry Inc. Nearing Deal to Acquire Capri Holdings Ltd.
Tapestry Inc. is reportedly finalizing a deal to acquire Capri Holdings Ltd., signaling a major shift in the fashion industry. This acquisition has the potential to reshape the market and create new growth opportunities for both companies.
Read moreIllumina Reports Narrowed Loss in Q2
Illumina, a gene-sequencing company, reports a narrower loss in Q2 due to higher sales of NovaSeq X. Revenue increased by 1%. Future revenue is expected to decline.
Read moreChina's Troubled Real Estate Market: A Worsening Situation
China's real estate market is currently grappling with deep-rooted challenges that go beyond initial expectations, impacting the overall economy.
Read morePenn Entertainment Inc. Reports Strong Q2 Earnings Amid ESPN Deal
Penn Entertainment Inc. surpasses profit and revenue expectations in Q2 report, with impressive growth in food, beverage, and hotel sectors. Stock surges after ESPN deal announcement.
Read moreSony Group Reports 17% Drop in Net Profit for Q1
Sony Group reported a 17% decline in net profit for Q1, but experienced a 33% increase in revenue. The music business saw a 20% growth in operating profit, while the imaging and sensing business faced challenges. The game business had a decline in operating profit.
Read moreShelter Inflation Expected to Slow Significantly
New research indicates that shelter inflation is anticipated to slow down, bringing benefits to overall inflation levels. Housing market changes suggest a significant easing of pressure from shelter inflation. However, caution is advised due to uncertainty and reliance on pandemic data.
Read moreProterra Files for Chapter 11 Bankruptcy Protection
Proterra, an electric bus and truck manufacturer, has filed for Chapter 11 bankruptcy but plans to maintain operations and focus on EV battery technology.
Read moreAir Liquide Regulatory News
Air Liquide releases its total number of voting rights declaration for July 2023. Learn about the company's strategic plan, financial performance, and key information.
Read moreMoody's Downgrades Bank Ratings, Stocks Slump
Moody's downgrade of U.S. bank ratings sparks decline in stocks due to potential recession concerns and declining asset quality.
Read more