Cisco Systems Boosts Outlook After Posting Higher Profit, Sales
The networking-equipment company said that it now expects revenue of $56.5 billion to $56.7 billion for its current fiscal year.
—-
Dick’s Sporting Goods Nears Deal to Buy Foot Locker
The sides are discussing a deal for about $24 a share, or $2.3 billion.
—-
CoreWeave Posts Sales Jump in First Quarter Since IPO
The cloud provider posted a wider loss and a five-fold jump in revenue in its first earnings report as a public company, sending shares higher in after-hours trading.
A preliminary vote shows shareholders backed Chairman Jochen Zeitz and two other board members despite an activist investor’s attempt to remove them.
—-
Boeing, GE Aerospace Get Qatar Airways Order After Saudi AI Tech Deals
The order will support 154,000 U.S. jobs annually, the White House said.
—-
Aramco Signs Deals With U.S. Companies With Potential Value of $90 Billion
Aramco signed 34 memoranda of understanding and agreements with major companies such as Exxon Mobil, Nvidia and Amazon.com.
—-
Warren Buffett Reveals He Stepped Down After Finally Feeling His Age
The legendary investor, 94, opens up about his decision to hand the top job to Greg Abel.
—-
Adidas Shareholders to Oppose Chair’s Re-Election
Shareholders cite lack of a succession plan for supervisory-board chairman Thomas Rabe.
—-
Assassin’s Creed Maker Ubisoft Sees Flat Sales in New Fiscal Year
The latest setback comes as the French videogame group seeks to shrug off months of production delays and calls to go private.
—-
Pirelli Warns Auto Tariffs Could Pressure Earnings, Cash Generation Targets
Pirelli said earnings and cash generation could come in at the lower end of guidance this year if President Trump’s tariffs on the automotive industry remain in force.
—-
Salvatore Ferragamo Sales Fall Slightly More Than Expected on Asia Weakness
Italian luxury house Salvatore Ferragamo reported a slightly larger sales decline than analysts anticipated, hit by weak demand in Asia as the company looks for a new chief executive.
—-
Sony Group Projects Lower Annual Profit Due to U.S. Tariffs
The Japanese company reported higher quarterly earnings, supported by its music and movie businesses.
—-
Novo Nordisk and Septerna Strike $2.2 Billion Deal to Develop Obesity Pills
The deal with U.S. biotech Septerna will see the companies develop pills to treat obesity, type 2 diabetes and other cardiometabolic diseases.
—-
Why UnitedHealth’s Blowup May Be More Isolated Than Investors Think
Surging medical costs and regulatory changes hit UnitedHealth, but rivals such as Humana and CVS look better positioned.
—-
Small China-Linked Firm Plans to Snap Up Trump’s Crypto Token
The small technology company with operations in China said it struck a $300 million funding deal to help it amass a stockpile of cryptocurrencies, including the president’s $TRUMP meme coin.
