Zurich Insurance Group Posts Net Profit Below Forecasts
By Mauro Orru Zurich Insurance Group has reported a net profit below analysts' expectations for the first half of the year. The Swiss insurer disclosed that its net profit increased…
Target Introduces ‘Drive Up with Starbucks’ Nationwide
Target Corp. announced on Wednesday its plans to roll out the highly successful "Drive Up with Starbucks" service across the entire country. This expansion comes after a year-long pilot program…
Plug Power Inc. Reports Larger-than-Expected Losses in Q2
Shares of Plug Power Inc. experienced a decline during Wednesday's extended trading session following the announcement of higher losses than what was anticipated by Wall Street for the second quarter.…
China’s Property Developer Defaults on Debt Payments
China's largest property developer, Country Garden, has defaulted on interest payments on its dollar-denominated debt, with a face value of $1 billion. This default has sparked concerns about China's highly…
Profit and Revenue Surge for Metro in Q3
By Adriano Marchese Metro reported a substantial increase in profit and revenue during its third fiscal quarter, surpassing analyst expectations. However, the company is currently facing a strike by its…
Stratec Reports Lower Earnings in Q2
German diagnostics systems developer, Stratec, reported lower earnings for the second quarter of the year. The decrease in profits was attributed to higher costs. However, the company remains optimistic about…
U.S. Stock Indexes Open Lower as Moody’s Downgrades Banks
U.S. stock indexes started the day on a downward trend, with financial stocks taking a hit following Moody's decision to downgrade the credit rating of several small- to mid-sized U.S.…
Toast Inc. Reports Strong Q2 Revenue and Positive Cash Flow
After-Hours Surge for Toast Inc. Shares In a promising turn of events, technology provider Toast Inc. exceeded revenue expectations for the latest quarter and achieved positive free cash flow for…
Pittards Faces Financial Uncertainty
The future of Pittards, the London-listed manufacturer of specialty-leather goods for retailers, hangs in the balance as Ernst & Young LLP is expected to step in as administrators. This decision…
Zoetis Reports Strong Second-Quarter Growth in Net Income
Zoetis, a leading veterinary-drug maker, has announced impressive financial results for the second quarter. The company witnessed a double-digit increase in net income, primarily driven by growth in its companion…
Ignitis Group Announces 2023 Q2 Results
Ignitis Group (hereinafter referred to as "the Group") will announce its 2023 Q2 results on August 22, 2023, Tuesday at 13:00 Vilnius / 11:00 London time. Registration for Presentation To…
U.S. Stocks See Gains as Dow Notches Best Day in Weeks
The U.S. stock market closed on a high note on Monday, with the Dow Jones Industrial Average (DJIA) having its strongest performance in about seven weeks. According to preliminary FactSet…
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