BMW Expects $1.1 Billion Earnings Hit From Tariffs This Year
The automaker expects earnings to remain flat this year while sales will grow only slightly as a result of global trade tensions and a demand shift in China.
China Is Unhappy With BlackRock Ports Deal in Panama
Shares of Hong Kong's CK Hutchison dropped after critical commentary by a Chinese state-owned newspaper about the asset sale.
Universal Music Shares Fall After Ackman's Pershing Decides to Cut Stake
Hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company.
Foxconn Forecasts Strong 2025 Growth on AI Server Demand
Foxconn has expanded its footprint into high-growth tech sectors like AI and EVs in recent years as its core electronics manufacturing business faces challenges due to industry shifts.
Tesla Develops Cheaper Model Y in China to Battle Growing Competition
The stripped-down SUV is aimed at recovering market share from Chinese makers offering less-expensive models.
Li Auto Squeezed by Price War as Profit Drops Despite Record Revenue
Chinese plug-in hybrid specialist Li Auto reported lower net profit for the fourth quarter despite record revenue as a brutal price war hurt its bottom line.
UniCredit Gets ECB Green Light to Raise Commerzbank Stake
The Italian bank said it will wait until next year before deciding whether to make a move after receiving European Central Bank authorization to increase its holding in Commerzbank to up to 29.9%.
Daimler Truck to Cut Costs at Mercedes-Benz Trucks Unit After Earnings Decline
The trucks and buses manufacturer said it aims to achieve more than EUR1 billion in savings after posting a decline in fourth-quarter earnings on weak European demand.
'Disrupt and Leapfrog': Inside the Mind of Intel's New CEO
Former board member Lip-Bu Tan is returning to overhaul the chip maker.
Compass in Talks to Buy Warren Buffett's Real-Estate Brokerage Unit
The talks are the latest sign of consolidation among real-estate brokerages during a prolonged period of lackluster home sales.
(END) Dow Jones Newswires
March 14, 2025 13:00 ET (17:00 GMT)
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