Philips lowered its 2024 sales growth forecast
Koninklijke Philips N.V. is adjusting expectations after a rough quarter marked by declining demand in China. The health-tech company lowered its 2024 sales growth...
Scout Motors brought back by VW as electric vehicle company
Scout Motors, founded in the 1960s as a producer of agricultural machinery and trucks, is being brought back to life by Volkswagen as an...
Skechers reports impressive third-quarter results for 2024
Skechers reported impressive third-quarter results for 2024. The global footwear company achieved record sales in the third-quarter of $2.35 billion, a 15.9% increase year-over-year,...
Boeing workers reject newly proposed contract
Boeing workers on the West Coast have rejected a newly proposed contract by the company, extending the strike of more than 33,000 employees to...
Tesla earnings per share rose by 9% in Q3 2024 to 72 cents
Tesla reported Q3 2024 results that surpassed Wall Street expectations as its cost per production unit dropped to a record low.
The electric vehicle (EV)...
IBM Q3 revenue rose 1% to $15 billion
IBM reported a mixed third-quarter earnings report on Wednesday, with an increase in revenue but a net loss of $330 million.
The net loss was...
Existing home sales in the US fell by 1% in September
Existing home sales in the US fell by 1% in September from the previous month to a seasonally adjusted annual rate of 3.84 million...
E. coli outbreak in the US linked to McDonald’s Quarter Pounders
The CDC and FDA are investigating a US E. coli outbreak linked to McDonald's Quarter Pounders.
The CDC has identified 49 E. coli cases across...
Starbucks same-store sales declined 7% in 2024 Q4
Starbucks reported another drop in sales on Tuesday and suspended its guidance for fiscal year 2025, citing recent leadership changes and the need to...
Mercedes-Benz launches Europe’s first plant to reclaim 96% of battery materials
Mercedes-Benz has opened the first battery plant in Europe featuring an integrated mechanical-hydrometallurgical process.
The new plant opens in Küppenheim, southern Germany. The plant can...