International Companies
Chevron Q4 profits miss even as revenues beat expectations
Oil company Chevron posted fourth-quarter profits that fell short of estimates on Friday, even as revenues came in ahead of what analysts had been expecting.
American Express Q4 earnings miss, issues upbeat FY guidance
Financial services giant American Express fell short of expectations with its fourth-quarter earnings on Friday but delivered an upbeat outlook for the coming year,.
Higher costs hit profits at H&M
Operating profits at Hennes & Mauritz fell sharply in the fourth quarter, the Swedish fashion giant said on Friday, as costs mounted.
Boeing's Q4 profits miss, but company beats on free cash flows
Boeing missed analysts' estimates for both its top and bottom line growth in its fourth quarter.
Microsoft looking into global cloud outage
Microsoft said on Wednesday that it was investigating an outage that hit the US tech firm’s cloud platform, Azure, Teams messaging, its videoconference service, Outlook and Word and Excel programmes.
UK’s CMA to probe Broadcom’s acquisition of VMware
The UK’s Competition and Markets Authority said on Wednesday that it has begun the first phase of an investigation into Broadcom’s $61bn takeover of VMware.
Australia's Recharge signals interest in Britishvolt
An Australian firm has made an offer for collapsed battery producer Britishvolt, it was reported on Wednesday.
Lockheed Martin posts Q4 earnings beat
Weapons maker Lockheed Martin issued disappointing full-year guidance on Tuesday despite beating Wall Street estimates with its fourth-quarter earnings.
Johnson & Johnson boosts full-year guidance
Johnson & Johnson increased its full-year earnings guidance on Tuesday, helped by strong demand for its cancer drugs.
3M Q4 earnings fall short of expectations, announces job cuts
Manufacturing giant 3M posted quarterly earnings that fell short of expectations on Tuesday and announced that it will cut approximately 2,500 jobs.
Microsoft strikes multi-year agreement with ChatGPT-maker
Tech giant Microsoft revealed on Monday that it has struck a new multi-year, multi-billion dollar investment into ChatGPT-parent company OpenAI.
Spotify announces 6% headcount reduction
Spotify announced a 6% reduction in its headcount, joining the ranks of other tech giants who had announced redundancies recently.
Ericsson Q4 earnings miss, equipment sales ease
Telecommunications group Ericsson posted weaker-than-expected fourth-quarter core earnings on Friday amid a slowdown in 5G equipment sales.
Google to axe 12,000 jobs - report
Google parent Alphabet is to lay off 12,000 people worldwide, it was reported on Friday.
US tech layoffs running at highest level since 2015, Challenger says
Layoff announcements among US technology firms reached their highest monthly level for seven years following Microsoft's announcement earlier in the day that it would shed 10,000 employees, a top staffing agency said.
Microsoft to lay off 10,000 workers
Microsoft said on Wednesday that it’s axing 10,000 jobs, or just under 5% of its workforce.
Goldman Sachs posts weak Q4 due to drag from investment banking
Goldman Sachs posted weaker-than-expected profits and revenues for the last three months of 2022, due to the drag from investment banking as well as from its asset and wealth management arm.
Morgan Stanley Q4 earnings beat expectations
Financial services company Morgan Stanley posted fourth-quarter earnings that beat expectations on Tuesday, driven by record revenues in its wealth management unit.
Microsoft facing EU antitrust warning over Activision Blizzard deal - report
Microsoft is reportedly likely to receive an EU antitrust warning about its $69bn bid for "Call of Duty" maker Activision Blizzard that could pose another challenge to completing the deal.
Didi given green light to resume new user sign-ups
Didi Global has been given the green light by Chinese regulators to resume new user registrations, the ride hailing business confirmed on Monday.