Warren Buffett’s Berkshire Hathaway has pared its stake in BYD to less than 5%, further unwinding its long-term bet on China’s largest electric-vehicle maker.
Givaudan backed its 2025 targets after reporting solid results for the first six months of the year, and appointed a new chief financial officer.
The Nikkei Stock Average ended flat at 39594.39 as gains in shipping and financial stocks helped offset losses in electronics stocks.
Eni is in exclusive talks with KKR over the possible sale of a minority stake in the Italian energy company’s subsidiary Enilive, valued at almost $14 billion.
Akzo Nobel cautioned that its guidance for 2024 would be toward the lower end of its forecast range after second-quarter earnings missed consensus expectations.
Banco de Sabadell lifted its annual guidance and reported an above-forecast rise in second-quarter net profit as it seeks to fend off a hostile takeover from larger peer Banco Bilbao Vizcaya Argentaria.
Schaeffler lowered its profit and cash flow guidance for the year after peer Vitesco Technologies, which it merges with in October, warned of a slow recovery in the auto industry.
Kakao founder Brian Kim’s arrest on allegations of stock-price manipulation sent shares on their sharpest daily decline in nearly two years.
Kakao Corp. founder Brian Kim’s arrest on allegations of stock-price manipulation sent shares on their sharpest daily decline in nearly two years.
Julius Baer has appointed Stefan Bollinger, a Goldman Sachs partner, as its new chief executive.
Kuehne + Nagel benefited from improving demand for air logistics during the second quarter, helping lift its profits, as supply chains became more congested during continued disruptions in the Red Sea.
Gold prices are expected to remain under pressure as the dollar strengthens and markets await key U.S. economic data and insights on the Fed’s path for interest-rate cuts, Angel One said.
Thales said it expected organic sales growth of 5%-6% this year and an underlying earnings margin of 11.7%-11.8% after the aerospace-and-defense company posted mixed results for the first half.
Google’s talks to acquire the cybersecurity startup Wiz for a planned $23 billion have fallen apart, according to a person with knowledge of the discussions.
The glitch that caused outages for millions of users of Microsoft Windows devices last week continued to roil industries and snarl global air travel, as CrowdStrike warned about a malicious file sent by hackers posing as a “quick fix” to the problem.
Google is ending a plan to eliminate cookies in its Chrome browser after years of efforts and disagreements with the ad industry.
Elon Musk said Tesla would have humanoid robots in production to be used within the company next year.
Delta Air Lines is having trouble figuring out where pilots and flight attendants are and whether they are available to be matched to trips because of the outage.
Warner Bros. Discovery has exercised its matching rights in a last-ditch effort to keep NBA games on its TNT cable network just days after the league told team owners it had a $76 billion deal with three other companies.
A big rebound in tech shares helped lift major stock indexes. The Dow, S&P 500 and Nasdaq rose 0.3%, 1.1% and 1.6%, respectively.
Verizon boosted quarterly revenue from wireless services and broadband subscriber growth, but reported a significant drop in prepaid wireless customers.
Vice President Harris secured the pledged support of a majority of delegates to the Democratic National Convention, putting her on track to formally lock up the party’s nomination next month.
Secret Service Director Kimberly Cheatle faced bipartisan anger and widespread calls for her resignation at a House hearing on security lapses in the assassination attempt on Trump.
China’s blueprint for reviving the economy raises concern about the country’s longer-term outlook.
A Russian court sentenced Radio Free Europe/Radio Liberty journalist Alsu Kurmasheva, a dual U.S.-Russian citizen, to 6½ years in prison after convicting her of disseminating false information about the Russian military.
