Uniqlo Owner Posts Record Annual Profit, Expects Further Growth
Fast Retailing reported record annual net profit, driven by strong earnings across regions, and projected further profit growth this fiscal year.
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Porsche AG Increases Stake in Manthey Racing to 67%
The company raised its stake in German auto racing team and performance tuning company as part of its strategy to expand individualization options on its cars.
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Imperial Brands to Launch $2 Billion Buyback
The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027.
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Oil Majors Cut Production in Gulf of Mexico as Tropical Storm Isaias Strengthens
Companies operating in the gulf have begun curbing production and evacuating personnel from offshore facilities as the region braces for a powerful storm.
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Tesco Lifts Lower End of Profit Outlook on Sales Momentum
The supermarket chain's pretax profit rose 11.5% and it expects further momentum.
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Vodafone Raises Savings Target for U.K. Unit
The group expects cost savings for its U.K. unit VodafoneThree to reach €1 billion by the year ending March 2032.
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Samsung Expects Operating Profit to Exceed $80 Billion For First Time
The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications.
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The AI Price War Is Heating Up-and OpenAI Is Gaining Ground on Anthropic
Both companies need to show Wall Street they have sustainable businesses ahead of planned IPOs.
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Fired OpenAI Researchers Ask Company to Preserve Visibility Into AI Reasoning
In a letter to the board, recently terminated employees ask the industry not to move forward with work that would degrade the ability to monitor AI.
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Wolfspeed Stock Soars on Financing Deal with Pentagon
The Pentagon is providing more capital to ensure strong domestic supply of key materials.
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Applied Digital's Earnings Show Its Data Center Bet Is Starting to Pay Off
Applied Digital reported a 322% year-over-year jump in revenue.
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Pepsi Earnings Are All About the Turnaround Plan
PepsiCo's plan includes cutting nearly 20% of its U.S. products and reviewing its North American supply chain and distribution network.