McDonald's Aims to Improve Service and Food, and Chose a New U.S. Boss to Help
The Golden Arches has been working to win back customers as Americans cut spending, especially lower-income consumers.
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Pfizer's Quarterly Results Beat Expectations on Cancer, Heart Drugs
Rising sales of drugs for cancer and heart disease helped offset steep declines for Pfizer's Covid-19 products.
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BP to Sell U.S. Biogas Unit as Oil Profits Surge
The British oil major intends to sell its Archaea biogas business as its oil trading and higher energy prices lifted profits.
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Caterpillar Lifts Outlook as Profit, Sales Jump
Caterpillar notched higher profit in the latest quarter as sales jumped, driven by continued demand for its construction equipment, as well as its engines and generators.
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Wells Fargo to Roll Out Tokenized Deposits for Corporate Clients
The bank is the latest to embrace blockchain to make payments and transfers faster and more efficient.
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Spotify Climbs to 300 Million Premium Subscribers
The Swedish audio streamer reported a 14% quarterly revenue increase from a year earlier.
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Huggies Stumble in China After Social-Media Firestorm
A state-run newspaper said the diapers tested positive for a substance called formamide. Huggies maker Kimberly-Clark said the findings are false.
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Cummins Raises Outlook as Profit, Sales Climb
Cummins raised its outlook for the year after reporting higher profit and sales in the second quarter, boosted by accelerating orders for standby power for data centers, as well as improving North American truck markets.
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Merck Cuts Full-Year Profit Forecast as Acquisition Costs Weigh on Bottom Line
Merck slashed its profit outlook for the year due to charges tied to its acquisition of cancer biotech company Terns Pharmaceuticals.
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DuPont Reports Higher Profit as Sales Rise
DuPont de Nemours reported a higher profit in the second quarter as sales rose across the chemicals and materials company's segments.
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Toyota Raises Earnings Guidance, Announces More Than $6 Billion Buyback
The Japanese carmaker raised its annual earnings forecasts, citing a weaker yen and a smaller impact from the Iran war.
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Archer-Daniels-Midland Again Raises Outlook on New U.S. Biofuels Policy
Archer-Daniels-Midland once again raised its full-year adjusted earnings outlook, after the Trump administration earlier this year issued new rules requiring gas and diesel to contain more biofuels.
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Saudi Aramco's Bumper $33 Billion Profit Gives Kingdom's Finances a Boost
Elevated crude prices lifted earnings despite disruption in the Strait of Hormuz pushing sales volumes lower.
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Wayfair Swings to Loss on Lower International Sales, Despite U.S. Growth
Wayfair had a mixed second quarter, as its U.S. business grew while international sales fell.
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HSBC Posts Sharply Higher Quarterly Profit, Plans $1 Billion Share Buyback
Pretax profit increased across the bank's four key segments, rising especially sharply in the business of supporting affluent clients with their finances.
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Prologis to Buy U.K.'s Segro for $18.8 Billion
Segro's directors intend to unanimously recommend the offer to shareholders who will be entitled to receive 0.0920 newly issued shares in Prologis for each Segro share held, with a partial cash alternative.
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Bayer Swings to Net Profit on Smaller Litigation Charges
The company said its 2026 sales and earnings forecasts were unchanged when adjusted for currency changes, and that year-end net debt would be lower than originally projected.
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Lufthansa Shares Slide After Profit Slump, More Cautious Guidance
The airline group booked a steep drop in second-quarter profit and turned more cautious on its full-year guidance, expecting a drag from volatile jet fuel prices.
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Continental on Track to Reach Tires Guidance Despite Higher Raw Material Costs
The German tire company said it is in the final stage of its strategic realignment and warned of a substantial increase in raw-material costs in the second half of the year.
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Volvo Car Sales Slip 4% on China Weakness
Sales in the U.S. increased for the third consecutive month, rising by a double-digit percentage while European deliveries remained steady with moderate growth.
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Anduril Weighs Baltimore Shipyard Investment to Build Drone Boats
The defense-tech company is in talks for a production site at historic Sparrows Point, as the Iran war has demonstrated the utility of unmanned surface vessels.