Business - Page 20

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

Hyundai to Build $5.8B U.S. Steel Plant in Louisiana

by Jamie Spencer

Massive investment aims to sidestep Trump tariffs, but investor doubts linger Hyundai Steel and its parent, Hyundai Motor Group, announced plans to build a $5.8 billion steel plant in Louisiana, aiming to

March 25, 2025

Berkshire Employee Wins Buffett’s $1M Bracket Challenge

by Jamie Spencer

FlightSafety staffer nails 31 first-round picks to claim prize For the first time since Warren Buffett launched his $1 million NCAA bracket contest nearly a decade ago, a Berkshire Hathaway employee has

March 24, 2025

BYD Q4 Profit Soars 73% on EV Price War Gains

by Jamie Spencer

Chinese EV Giant Sets Record as It Tops Volkswagen in Sales Chinese electric vehicle leader BYD reported a record fourth-quarter net profit of 15 billion yuan ($2.1 billion), a 73.1% increase over

March 24, 2025

23andMe Files for Bankruptcy Amid Privacy Concerns

by Jamie Spencer

Company Seeks Buyer as Customers Worry Over Genetic Data Genetic testing firm 23andMe has filed for Chapter 11 bankruptcy, triggering alarm over the fate of genetic and personal data from its more

March 24, 2025

JPMorgan Rebrands DEI Program Amid Policy Shifts

by Jamie Spencer

From “Equity” to “Opportunity” JPMorgan Chase (JPM.N) is making significant changes to its Diversity, Equity, and Inclusion (DEI) initiatives, including a rebranding to Diversity, Opportunity, and Inclusion (DOI). Chief Operating Officer Jenn

March 21, 2025

SoftBank to Acquire Ampere Computing for $6.5 Billion

by Jamie Spencer

Deal Expands AI and Semiconductor Investments SoftBank Group announced on Wednesday that it will acquire Ampere Computing, a semiconductor startup specializing in Arm-based server chips, for $6.5 billion. The Japanese conglomerate expects

March 20, 2025

Nike Faces Challenges as Tariffs and Weak Spending Cloud Earnings

by Jamie Spencer

Analysts Expect Modest Q3 Results Nike is set to report its fiscal third-quarter earnings after the market close on Thursday. As the world’s largest sneaker company navigates economic uncertainty, analysts have lowered

March 20, 2025

Ben & Jerry’s Sues Unilever Over CEO Removal and Censorship

by Jamie Spencer

Escalating Dispute Between Ice Cream Brand and Parent Company Ben & Jerry’s has filed a new lawsuit against Unilever, accusing the conglomerate of unlawfully removing its CEO and censoring its social media

March 19, 2025

Boeing Shares Surge as Japan Airlines Expands 737-8 Order

by Jamie Spencer

Japan Airlines Adds 17 More Boeing 737-8 Jets Boeing (BA) stock surged on Wednesday, leading S&P 500 gainers after Japan Airlines announced an additional order of 17 Boeing 737-8 aircraft. This follows

March 19, 2025

Samsung Halts Investment in Mexico Amid Tariff Concerns

by Jamie Spencer

Samsung Cancels Expansion Plans Over Economic Uncertainty Samsung has decided to suspend future investments in Mexico due to growing economic uncertainty fueled by President Donald Trump’s proposed tariffs, according to multiple media

March 19, 2025

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