Business News

Business

Nissan Forecasts a Staggering Net Loss Up to $5.3 Billion in 2024 Amid Turnaround Efforts

Nissan Motor Co., Ltd. revises its 2024 financial outlook, expecting a net loss of up to $5.3 billion due to turnaround plan costs, while maintaining a solid cash position and incr...

Business

P&G Reports a Slight Dip in Q3 Net Sales to $19.8B Amid Market Adjustments

Procter & Gamble Co. reported a 2% decline in Q3 net sales to $19.8 billion, with stable net earnings at $3.8 billion. The company expects a 6% to 8% EPS growth for fiscal 2025, ad...

Business

American Airlines Reports Slight Revenue Dip in Q1 2024, Faces Net Loss Amid Economic Uncertainty

American Airlines reports a 0.2% revenue drop to $12.6 billion in Q1 2024, with a net loss of $473 million. The airline withdraws full-year guidance amid economic uncertainty, whil...

Business

UPS Expands Healthcare Logistics with $1.6 Billion Acquisition of Andlauer Healthcare Group

UPS announces a $1.6 billion acquisition of Andlauer Healthcare Group to expand its cold chain logistics capabilities, offering enhanced temperature-controlled solutions for health...

Business

Coinbase and PayPal Join Forces to Revolutionize Digital Currency with PYUSD Stablecoin

Coinbase and PayPal are expanding their partnership to promote the adoption of PayPal's stablecoin, PYUSD, through free conversions, exploration of DeFi use cases, and support for ...

Business

Trump Urges Boeing to Default on China Deals Amid Trade Tensions and Fentanyl Crisis

Former President Donald Trump calls for Boeing to default on deals with China, citing unfulfilled plane purchases and the Fentanyl crisis. Boeing faces setbacks as China returns or...

Business

Tech Mahindra Rewards Shareholders with Rs 45 Dividend Amidst 80% Profit Surge in FY25

Tech Mahindra declares a Rs 45 per share dividend after an 80% profit surge in FY25, with a strong quarterly performance and future margin goals highlighted.

Business

HP India Expands Manufacturing Footprint: A Strategic Move Towards Local Production Growth

HP India announces plans to significantly increase its manufacturing output in the country, leveraging the PLI scheme for IT hardware. The company aims to double its production wit...