By Jesús Aguado MADRID (Reuters) -Spain’s BBVA on Thursday posted a 39% rise in first-quarter net profit that beat forecasts due to a solid performance in its main market Mexico, and reported stable customer deposits despite banking sector turmoil. BBVA’s profit of 1.85 billion euros ($2.04 billion) for the January to March period was above …
Spain’s BBVA Q1 net profit beats forecasts on Mexico performance Read More »
(Reuters) – Walmart’s Mexico unit on Wednesday posted a 3.7% jump in its first-quarter net profit from a year ago, rising to 11.5 billion pesos. Revenue for Walmart de Mexico, known as Walmex, rose 9.7% to 206.07 billion pesos for the quarter. (Reporting by Carolina Pulice; Editing by Brendan O’Boyle)
By Sinéad Carew, Ankika Biswas and Sruthi Shankar (Reuters) – The tech-heavy Nasdaq closed slightly higher on Wednesday after strong Microsoft Corp results boosted technology shares, but the S&P 500 and the Dow fell on lingering concerns about a weakening U.S. economy and the banking sector. Economically sensitive transport stocks had their weakest day in …
Nasdaq outperforms as investors cheer Microsoft, Dow transports sink Read More »
By Hyunjoo Jin and Dan Levine (Reuters) – A California judge on Wednesday tentatively ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding the safety and capabilities of the carmaker’s Autopilot features. The ruling came in a lawsuit filed by the family of Walter Huang against Tesla …
Elon, or deepfake? Musk must face questions on Autopilot statements Read More »
(Reuters) -Bristol Myers Squibb Co said on Wednesday CEO Giovanni Caforio, who has been in the role since 2015, has decided to step down from his position. Chief Operating Officer Christopher Boerner will take up the role from Nov. 1. He was previously head of international markets and has served in leadership roles at Seattle …
(Reuters) -Pioneer Natural Resources Co on Wednesday said its chief executive officer, Scott Sheffield, will retire by the end of 2023, sending the U.S. shale producer’s shares down 2% in extended trading. Sheffield, an energy veteran, served as Pioneer’s founding CEO from 1997 to 2016 and chairman since 1999. He stepped down from the CEO role …
Shale producer Pioneer’s chief Sheffield to retire Read More »
WASHINGTON (Reuters) – Elon Musk, the billionaire CEO of electric vehicle maker Tesla and social media platform Twitter, is meeting U.S. Senate Majority Leader Chuck Schumer in the Democratic lawmaker’s Washington office, an aide said on Wednesday. The aide did not say what the topic of the meeting was. (Reporting by David Shepardson; Editing by …
Elon Musk meets with Majority leader Schumer in Senate office – aide Read More »
(Reuters) -Universal Music Group, the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core profit due to compensation expenses, and reiterated concerns over AI-made music. Core profit, or earnings before interest, taxes, depreciation and amortisation (EBITDA), slumped 43.4% in constant currency to 261 million euros ($288.04 million), due to non-cash, …
Universal Music reiterates AI concerns as quarterly profit slumps Read More »
By Blake Brittain (Reuters) – French luxury fashion house Hermès International SCA has settled a lawsuit brought by Skechers USA Inc that claimed Hermès sneakers infringed Skechers’ patent rights, according to a Wednesday filing in Manhattan federal court. The filing said the two sides signed a confidential settlement agreement on Monday. Representatives for the companies …
Hermes settles Skechers patent lawsuit over shoe soles in New York Read More »
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co sued Florida Republican Governor Ron DeSantis on Wednesday, asking a court to overturn state efforts to control Disney World and intensifying a battle between a global entertainment giant and a likely White House contender. In its lawsuit, Disney accused DeSantis and his supporters of illegally …
Disney sues Florida’s DeSantis for ‘weaponizing’ government Read More »
