Business News

Business

British Steel Reverses Decision on Furnace Closures and Job Cuts Amid Government Intervention

British Steel Ltd. has decided to keep two blast furnaces in Scunthorpe, UK, and halt plans to cut 2,700 jobs, following the UK government's emergency bill to protect the company. ...

Business

Verizon Surpasses Expectations with a 1.5% Revenue Increase to $33.5 Billion in Q1 2025

Verizon Communications reports a 1.5% revenue increase to $33.5 billion in Q1 2025, with net income up by 6.3%. The company forecasts continued growth in wireless service revenue a...

Business

Halliburton Reports a 6.9% Drop in Q1 Revenue to $5.4B Amid Challenging Market Conditions

Halliburton's Q1 fiscal 2025 revenue fell 6.9% to $5.4 billion, with net income dropping 66% to $203 million. Despite challenges, CEO Jeff Miller highlights strong international te...

Business

RTX Corp. Reports a 5% Q1 Sales Surge to $20.3B Amid Mixed Segment Performance

RTX Corp. reported a 5% increase in Q1 revenue to $20.3B, with a net income drop of 10% to $1.5B. Segments showed mixed results, and the company set a 2025 sales guidance of $83B-$...

Business

Lockheed Martin Surges Ahead with a 4.7% Increase in Q1 Net Sales, Reaching $18 Billion

Lockheed Martin reports a 4.7% increase in Q1 2025 net sales to $18 billion, with net earnings up 13.3% and EPS rising to $7.28. CEO Jim Taiclet expresses confidence in achieving t...

Business

Regeneron and Fujifilm Forge a $3 Billion Alliance to Revolutionize US Biologic Medicine Production

Regeneron Pharmaceuticals Inc. and Fujifilm Diosynth Biotechnologies have signed a $3 billion deal to produce biologic medicines in North Carolina, marking a significant investment...

Business

EU Set to Impose Hefty Fines on Meta and Apple Over Digital Markets Act Violations

The European Commission is set to impose its first Digital Markets Act penalties on Apple and Meta, accusing them of restricting competition and data sharing practices. Fines could...

Business

Boeing Strikes a Massive $10.5B Deal with Thoma Bravo, Selling Digital Aviation Solutions

Boeing announces a $10.55 billion deal with Thoma Bravo for the sale of its Digital Aviation Solutions, retaining core digital capabilities for maintenance and diagnostics services...