Tom Zhu, who is credited with turning Tesla’s Shanghai factory into a stellar performer, is set to return to China, where the electric-vehicle maker’s sales have declined.
The media company said it is close to making its streaming business profitable, but its shares fell nearly 10% after it posted a loss and projected earnings growth just below analyst expectations.
Infineon Technologies shares rose more than 9% after the company set out fresh guidance that analysts said reinforces confidence in its recovery prospects.
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Tesla’s sales in China dropped in April, while its Chinese rivals reported higher sales as the country’s electric-vehicle market rebounded from a slow start this year.
UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients.
Electric-vehicle maker Zeekr plans to stop taking orders for its over $300.0 million U.S. offering earlier than expected, people familiar with the process said.
Heidelberg Materials first-quarter underlying earnings came in at €542 million and it continued to target full-year results from current operations of €3-€3.3 billion.
Bouygues said its operating profit from activities rose to €26 million and the company reiterated its guidance for 2024 of slightly higher sales and profits compared with 2023.
DHL owner Deutsche Post posted lower quarterly earnings as its key business-to-business market failed to improve, but it said conditions should improve in the second half of the year and backed its full-year guidance.
Hospitals in eight states are at risk of running out of cash after their owner filed for bankruptcy, potentially pitting the chain’s creditors against regulators, who raced to address concerns about safety.
Simon & Schuster struck a deal to acquire Dutch publisher VBK for an undisclosed sum, as the privately held American house pushes an international expansion.
Swedish private-equity firm EQT will acquire U.S. digital consulting firm Perficient in an all-cash deal valued at around $3 billion, the companies said.
The FAA opened a new investigation into Boeing after the jet maker disclosed that its employees might have skipped some inspections on 787 Dreamliners and falsified records.
Trump Media & Technology Group said it had appointed Semple, Marchal & Cooper as its new financial auditor after its previous accounting firm was banned by regulators.
Vinci has appointed company veteran Pierre Anjolras as chief operating officer, marking the first step in the process to name a successor for chief executive Xavier Huillard, whose term will end next year.
Atos said the proposals were from a group of bondholders and banks, Bain Capital, EP Equity Investment and Onepoint, adding that it had signed a $108 million interim financing deal with bondholders.