Sasol Reports Sharp Decline in Net Profit in Fiscal 2023
By Michael Susin Sasol, the South African chemicals-and-energy group, has reported a significant decline in net profit for fiscal 2023. This is a result of various impairments and a reduction…
Leading the Way in Renewable Energy at Dulles International Airport
Challenges and Resistance Encountered While Dominion's renewable energy expansion plan is making headway, rural counties in Virginia have expressed their concerns over the solar farm installations. Some residents have raised…
Hasbro Inc. Forecasts Falling Sales for 2021 Amid Hollywood Strike
Hasbro Inc., the renowned toy and game maker, has recently projected a decline in sales for this year due to the ongoing strike in Hollywood. However, analysts at BofA anticipate…
U.S. Crude-Oil Stockpiles Expected to Decline
By Dan Molinski According to a survey conducted by The Wall Street Journal, the Department of Energy is expected to report a decline in U.S. crude-oil stockpiles for the week…
The Impact of Organized Retail Crime on Dick’s Sporting Goods
Dick’s Sporting Goods, a prominent retailer in the sporting goods industry, experienced a significant impact from organized retail crime and theft during the second quarter. CEO Lauren Hobart addressed this…
A New Era for 3M: Leadership Changes and Challenges
A lot is happening at 3M, one of the leading materials companies in the world. With legal liabilities and a declining stock, the company is facing uncertainties that have left…
Manufacturing Activity in U.S. Central Region Contracts at Slower Pace
Data from the Federal Reserve Bank of Richmond revealed a continued contraction in manufacturing activity in the U.S. central region in August, albeit at a slower rate. Despite the improvement,…
Ecuadorians Vote Against Drilling for Oil in Amazon
The Decision In a significant decision, Ecuadorians have voted against oil drilling in a protected area of the Amazon, forcing the state oil company to halt its operations in this…
Adyen NV Shares Face Steep Decline as Analyst Downgrades Rating
Adyen NV shares continued their downward spiral as another analyst joins the bear camp. Morgan Stanley's Adam Wood expressed concerns about the Dutch payment-processing stock, stating that investors may need…
Freightways Reports 7.3% Increase in Annual Net Profit
Courier and information management company, Freightways, announced that its annual net profit has risen by 7.3%. Despite facing challenges such as disruptions caused by Cyclone Gabrielle and economic slowdowns in…
Banco BPM Explores Potential Payments Venture
Banco BPM, one of the leading banks in Italy, has announced its intention to engage in exclusive negotiations with asset management company FSI. This move is aimed at establishing a…
Redfin Corp. Shares Retreat as Analyst Turns Bearish
Shares of Redfin Corp. experienced a pullback from their 15-month high on Wednesday, as D.A. Davidson's Tom White expressed a bearish view on the real estate services company. White stated…
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