Business - Page 13

The latest updates and key developments from the business world.

December 4, 2025

BMO lifts dividend as U.S. banking overhaul shows progress

Improved credit performance drives stronger earnings BMO Financial Group reported $2.3 billion in fourth quarter profit and announced a higher dividend as improvements in its U.S. loan portfolio helped reduce provisions for

December 3, 2025

Delta says shutdown cut profit by $200 million

Longest government impasse hurt travel bookings Delta Air Lines reported that the recent U.S. government shutdown reduced its pretax profit by about $200 million, following a noticeable softening in bookings during the

December 1, 2025

Goldman Sachs to acquire Innovator Capital

Two billion dollar deal to expand ETF offerings Goldman Sachs said Monday it agreed to acquire Innovator Capital Management for about $2 billion, marking the latest move to strengthen its asset management

CEO Departure Marks Challenges for Novo Nordisk

by Jamie Spencer

Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as part of an accelerated leadership transition, marking a significant shift in the company’s leadership. Former CEO Lars Rebien Sørensen, who currently serves

May 16, 2025

Walmart Faces Tariff Pressures Despite Q1 Revenue Growth

by Jamie Spencer

Walmart (WMT) reported mixed results for its first-quarter earnings, navigating the challenges posed by President Trump’s tariffs. While the retailer saw a 2.5% increase in revenue to $165.6 billion, it fell short

May 15, 2025

Ford Recalls 274,000 SUVs Over Brake Line Issue

by Jamie Spencer

Ford Recalls 274,000 SUVs for Brake Function Issue Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs across the U.S. due to a critical issue that may result in

May 14, 2025

Hertz Stock Drops After Q1 Loss and $250 Million Offering

by Jamie Spencer

Hertz’s Disappointing Q1 Results Lead to Significant Stock Drop Shares of Hertz Global plunged by nearly 17% on Tuesday morning following a disappointing first-quarter earnings report and the announcement of a $250

May 13, 2025

Microsoft Announces Layoffs Affecting 6,000 Employees

by Jamie Spencer

Microsoft to Lay Off 3% of Workforce Microsoft announced on Tuesday that it will reduce its workforce by 3%, affecting approximately 6,000 employees across various teams, levels, and regions. This is part

May 13, 2025

GM’s Groundbreaking LMR Battery to Revolutionize EVs

by Jamie Spencer

GM to Launch New LMR Battery for Electric Trucks General Motors (GM) has announced its plan to introduce a groundbreaking lithium manganese-rich (LMR) prismatic battery for its electric trucks and SUVs. Targeted

May 13, 2025

Trump’s Talks with Tim Cook Boost Apple Amid Tariff Pause

by Jamie Spencer

Apple Responds Positively to U.S.-China Tariff Pause On Monday, President Donald Trump revealed that he had spoken with Apple CEO Tim Cook following the announcement that the U.S. and China had agreed

May 13, 2025

Global Retailers Adjusting to U.S. Tariff Uncertainty

by Jamie Spencer

As U.S. President Donald Trump’s most recent tariffs loom, several well-known international brands, including Pandora, Puma, and Hugo Boss, are reevaluating their pricing strategies and supply chains. These brands, alongside major players

May 9, 2025

Ferrero Targets U.S. Market with New Products and Expansion

by Jamie Spencer

Ferrero North America is pushing forward with a bold strategy to win over more U.S. consumers by introducing innovative products and expanding its presence in the market. The company revealed several new

May 9, 2025

Trump’s US-UK Trade Deal Boosts Boeing

by Jamie Spencer

President Donald Trump announced a breakthrough in the US-UK trade relationship, with the UK becoming the first realigned trading partner under his second term. The biggest winner of this deal is Boeing,

May 9, 2025

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Business - Page 13