Business - Page 5

Visa's second-quarter performance cruised past Wall Street estimates on Tuesday, as buyers shrugged off fears of a slowing economy to swipe cards on everything from trips to eating out, sending its stock up 2.7% after the bell.

April 24, 2024

Business

Visa surpasses expectations in Q2 as consumer spending defies economic concerns

A letter on Friday revealed that Nike will lay off approximately 740 employees at its world headquarters in Oregon. The top sportswear company is looking to rein in prices after warning of an earnings drop in the first half of fiscal 2025.

April 20, 2024

Business

Nike plans second phase of layoffs

TSMC, the planet's largest chipmaker, and a major supplier to Apple and Nvidia, predicts that second-quarter sales may increase by as much as 30% as it rides a wave of need for semiconductors used in artificial intelligence (AI) apps.

April 18, 2024

Business

TSMC’s response to the surging demand for AI processors

U.S. Steel shareholders on Friday backed its proposed $14.9 billion purchase by Japan's Nippon Steel, as expected. This move takes the coalition one step ahead of completion even as political resistance to the deal mounts.

April 14, 2024

Business

U.S. Steel shareholders overwhelmingly approve Nippon takeover

BlackRock's first-quarter earnings climbed on Friday as a rebound in global equity markets braced the company's investment advisory and administration expenses.

April 12, 2024

Business

BlackRock’s strong first quarter performance

Nike revealed Olympic kits for the teams it sponsors on Thursday alongside athletes, including Kenyan marathon celeb Eliud Kipchoge and British sprinter Dina Asher-Smith, betting that top sportspeople can help it win more everyday customers.

April 11, 2024

Business

Nike’s Olympic spotlight: a chance for revival

Spirit Airlines said on Monday it had got a deal with Airbus to defer all airplane deliveries planned from the second quarter of 2025 through 2026 and plans to furlough approximately 260 pilots. The U.S. carrier is looking to save money.

April 8, 2024

Business

Spirit Airlines faces challenges amid aircraft delivery deferrals

The Tide maker stated that Procter & Gamble is placing 8.2 million defective bags of some of its laundry detergent pods in the U.S. due to a packaging defect that could pose a threat of harm to kids.

April 6, 2024

Business

P&G: voluntary recall of laundry detergent pods

Three sources with details of the case said Shell and Saudi Aramco, competing to purchase the assets of Temasek-owned liquefied natural gas (LNG) trading company Pavilion Energy, are now closed in price negotiations after completing the due diligence.

April 5, 2024

Business

Singapore’s Pavilion Energy considers sale of LNG assets

JPMorgan Chase reorganized its administration in the international banking unit, according to a memo seen by Reuters on Thursday.

April 4, 2024

Business

JPMorgan chase’s reorganization in international banking

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