Business News

Business

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

American Airlines reports a 0.2% revenue decline to $12.6B in Q1 2024, with a net loss of $473M. The airline withdraws full-year guidance due to economic uncertainties, but CEO exp...

Business

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

UPS announces a $1.6 billion acquisition of Andlauer Healthcare Group, enhancing its cold chain logistics capabilities for healthcare customers. The deal, offering AHG shareholders...

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 dollar conversions, DeFi exploration, and merchant support, ...

Business

Trump Urges Boeing to Default China Over Unfulfilled Plane Orders Amid Trade Tensions

President Trump urges Boeing to default China over unfulfilled plane orders, citing trade tensions and the fentanyl crisis. Boeing confirms 50 planes may not be delivered to Beijin...

Business

Bharti Airtel Seeks Government Equity Swap to Settle Massive Statutory Dues, Following Vodafone Idea's Footsteps

Bharti Airtel proposes converting its Rs 70,000 crore statutory dues into government equity, a strategy similar to Vodafone Idea's, aiming to conserve cash and involve the governme...

Business

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

Adobe announces new AI models for its Firefly app, including Firefly Image Model 4 and 4 Ultra, with plans for iOS and Android availability. The app will also feature models from p...

Business

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

Merck & Co. reports a 2% sales drop to $15.5 billion in Q1 2025 but sees a 7% rise in net income and EPS. CEO emphasizes strategic growth and innovation.

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...