Business News

Business

Nissan Motors Faces a Staggering Net Loss of Up to $5.3 Billion in Fiscal Year 2024

Nissan Motor Co. revises its 2024 financial outlook, expecting a net loss of up to $5.3 billion due to turnaround costs, yet maintains a solid cash position with increased net reve...

Business

Procter & Gamble Reports a 2% Drop in Q3 Net Sales to $19.8B Amid Market Adjustments

Procter & Gamble reports a 2% decline in Q3 net sales to $19.8 billion, with stable net earnings of $3.8 billion. The company adjusts its near-term outlook but remains optimistic a...

Business

American Airlines Reports Slight Q1 Revenue Dip to $12.6B Amid Wider Net Loss

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

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, enhancing its cold chain logistics for healthcare customers. The deal, offering AHG shareholders 55 Canadian ...

Business

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

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

Business

Sarvam AI Poised to Lead India's AI Revolution with Rs 220 Crore Government Grant

Sarvam AI is set to receive a Rs 220 crore grant from the IndiaAI Mission, marking a significant step towards developing indigenous large language models. The funding includes acce...

Business

Adobe Unveils Revolutionary AI Image Generation Models for Firefly App on iOS and Android

Adobe announces new AI models for its Firefly app, enhancing image generation and expanding creative tools for iOS and Android users, including partnerships with Google and OpenAI.

Business

Merck Reports a Slight Dip in Q1 Sales to $15.5 Billion Amidst Growth in Net Income

Merck & Co., Inc. reports a 2% decrease in Q1 sales to $15.5 billion but achieves a 7% growth in net income and EPS. CEO highlights progress in medicines and vaccines, with stock p...