ConocoPhillips Names New CEO as Profit Boosted by Climbing Oil Prices
ConocoPhillips recorded higher profit in the second quarter, driven by a 36% jump in average oil and gas prices, as it promoted its finance chief, Andy O'Brien, to become its new chief executive.
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Papa John's Cuts Outlook, Suspends Dividend as U.S. Business Continues to Struggle
Papa John's cut its outlook for the year and suspended its dividend, as the pizza chain's North American business continues to face a soft consumer environment.
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Peloton Interactive Forecasts Revenue Decline as Subscriber Losses Deepen
Peloton Interactive issued a muted revenue outlook for fiscal 2027 as subscriber losses continue to deepen, overshadowing fourth-quarter profit gains and virtually flat revenue.
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Fox Sales Climb After World Cup Juices Ad Revenue
Fox Corp. said the FIFA World Cup sent advertising revenue up 78% in the fiscal fourth quarter.
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Kenvue Posts Higher Profit, Sales as Turnaround Continues
Kenvue reported higher profit and sales in the second quarter, boosted by higher prices and volumes, as the company continues working to turn around its business ahead of its acquisition by Kimberly-Clark.
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Meta AI Model Hacked Outside Company, Adding to Concerns Over Rogue Bots
During cybersecurity testing the model slipped onto the internet and hacked a third-party service, mirroring incidents at Anthropic and OpenAI.
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U.K. Waves Through $81 Billion Paramount-Warner Bros. Deal
The deal still faces substantial legal challenges in the U.S., where state attorneys general have sued to block the purchase.
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Warner Bros. Revenue Falls Amid Legal Snags to Paramount Deal
Warner Bros. Discovery narrowed its profit in the second quarter, hurt by a large charge, as revenue fell.
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Restaurant Brands International Profit Rises on Burger King U.S. Growth
Restaurant Brands International's profit rose in the second quarter, driven by a standout performance at Burger King U.S. that bucked a broader trend of slowing fast-food demand across other major chains.
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Molson Coors Sales Fall Amid Demand Challenges, Supply Costs
Molson Coors Beverage said second-quarter sales fell as the company tries to balance sluggish customer demand with higher supply costs.
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Keurig Dr Pepper Posts Higher Sales as Separation Work Continues
Keurig Dr Pepper logged higher sales in the second quarter and said it continues work to separate into two companies.
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Johnnie Walker Maker Diageo Eyes $1 Billion in Savings as New Boss Plans Turnaround
The group said the $1 billion in savings will begin in the current fiscal year, and will be achieved from work on operations and on its supply chain.
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Warby Parker Swings to Profit on Tariff Refund
Warby Parker swung to a second-quarter profit as results were helped by a tariff refund, offsetting costs of the upcoming launch of its artificial-intelligence eyewear.
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Germany's Merck KGaA Raises Outlook as Lab Tools, Chip Demand Lift Results
The group pointed to stronger demand in the life-science and electronics markets and resilience in its healthcare operations.
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SoftBank Uses OpenAI Stake to Borrow $10 Billion
The Japanese technology investment company has vowed to become a leading builder of AI data centers and a major investor in AI-powered robotics.
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Partners Group in Talks to Buy Aroma-Zone Stake in Deal that Values Company at $2.3 Billion
Exclusive talks are underway with Eurazeo about a majority stake in France's Aroma-Zone, which sells beauty and wellness products.
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Siemens Shares Fall as Digital Industries Order Growth Misses Expectations
The digital industries division, which focuses on factory controllers and software, faces excess customer inventories, while weak demand in China and cautious spending delayed a broader recovery.
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Nintendo's Profit Surges on Stronger Game Software Sales, 'Mario' Movie Hit
The Japanese company maintained its annual sales forecast of 16.5 million Switch 2 consoles, despite reporting a decline in quarterly sales.
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Arms Maker Rheinmetall Trims Sales Guidance After Germany Scraps Frigate Project
The company expects annual sales between $15.83 billion and $16.41 billion, guidance which remains above what it reported last year.
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Commerzbank CEO Calls For Dialogue With UniCredit
Bettina Orlopp appealed for constructive dialogue with UniCredit after the Italian bank achieved a near majority stake in its German rival.
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Deutsche Telekom Lifts Buyback by Up to $3.5 Billion, Raises Guidance for Key Metric Again
The telecommunications company raised its full-year buyback program after posting higher revenue in the second quarter.
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Prosecutors Probed Whistleblower Claims That JPMorgan Mishandled Fraud Cases
A former executive alleged JPMorgan improperly denied reimbursements of more than $100 million to customers who were victims of financial scams.