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...
Microsoft has announced new features for Copilot Studio
Microsoft has announced new features for its AI platform Copilot Studio.
The company is adding "autonomous agents" that are designed to automate business tasks.
What do...
Disney appoints James Gorman as new Chairman amid leadership transition
The Walt Disney Company announced significant leadership changes on Monday.
The conglomerate will appoint James Gorman, former CEO of Morgan Stanley, as Charman of the...
Sanofi sells 50% of Opella to CD&R, Bpifrance takes 2% stake
Sanofi, the largest pharmaceutical company in France, will sell half of its consumer healthcare division, Opella, to American private equity firm Clayton, Dubilier &...
Global public debt in 2024 is expected to reach over $100 trillion, IMF warns
Global public debt in 2024 is expected to reach over $100 trillion (about 93% of global GDP), according to the IMF. By 2030, the...
Volvo AB reported disappointing third-quarter results
Swedish truck and construction equipment maker Volvo AB reported disappointing third-quarter results.
According to the company, in Q3 2024, its operating income was 14.1 billion...
