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Business

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

Nissan Motor Co. revises its 2024 financial outlook, expecting a net loss of up to $5.3 billion due to turnaround plan costs, while increasing net revenue projections and maintaini...

Business

American Airlines Reports Slight Revenue Dip to $12.6B in Q1 2024 Amid Economic Uncertainties

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

Business

UPS Expands Healthcare Logistics with a $1.6B Acquisition of Andlauer Healthcare Group

UPS announces a $1.6 billion acquisition of Andlauer Healthcare Group, enhancing its cold chain logistics capabilities. AHG shareholders to receive 55 Canadian dollars per share, w...

Business

Exclusive: India on the Brink of Historic Trade Pact with US, Says Treasury Secretary Scott Bessent

India is poised to be the first country to sign a bilateral trade deal with the US under President Trump's reciprocal tariffs initiative, with negotiations nearing completion due t...

Business

Norway's Sovereign Wealth Fund Faces $40B Q1 Loss Amid Tech Sector Turmoil

Norway's sovereign wealth fund reports a $40 billion loss in Q1 2025, attributed to market fluctuations and tech sector downturns, with equities making up 70% of its portfolio.

Business

Nokia Considers US Manufacturing Expansion to Counter Tariff Challenges Under New CEO

Nokia, under new CEO Justin Hotard, is considering expanding US manufacturing to combat tariff pressures, emphasizing the US market's significance and addressing financial impacts.

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 and video generation capabilities. The update includes partnerships with Google and OpenAI, and new tools for Ado...

Business

Merck Reports a 2% Dip in Q1 Sales to $15.5 Billion Amidst Strategic Growth Moves

Merck & Co., Inc. announced a 2% year-on-year sales decline to $15.5 billion in Q1 2025, alongside a 7% increase in net income and EPS. CEO Robert M. Davis highlighted strategic gr...