Procter & Gamble (P&G) reported an unexpected drop in fourth-quarter sales, as global demand for its Charmin toilet paper and Pampers diapers declined despite efforts to stabilize prices. This news sent P&G’s shares down 5% before the bell on Tuesday.   Attempts to raise prices...

Philips' shares increased by more than 10% after the company announced second-quarter results on Monday that above analysts' projections due to cost reductions, some of which came from job cutbacks, and the disclosure of a sizable insurance settlement associated with liability claims.  ...

Three years after submitting its application, the British fintech firm Revolut was granted a banking license in the UK. According to the Financial Times, this is anticipated to accelerate the company's growth in the biggest market in the nation. The Prudential Regulation Authority (PRA) of the...

Nvidia has approved the first-ever usage of Samsung Electronics' fourth-generation high bandwidth memory, or HBM3 chips, in its CPUs, according to three persons briefed on the situation.   However, the approval is a little subdued since, according to the individuals, Samsung's HBM3 chips...

On the social networking platform X, Tesla CEO Elon Musk has started a poll asking people if the electric automaker should spend $5 billion in his artificial intelligence business, xAI. According to the majority of early votes, this is a move that should be made.   The poll was conducted...

Johnson Controls' heating, ventilation, and air conditioning (HVAC) operations are being acquired by German technology giant Bosch. The transaction is worth $8 billion. Stefan Hartung, the CEO of Bosch, claims that this is "the biggest deal in the history" of his company. It will fortify the German...

According to report quoting sources, the CEO of Byju's, an ed-tech powerhouse and formerly the largest startup in India with a $22 billion valuation, stated in a court statement that the company's insolvency procedures would probably compel thousands of workers to resign and lead to a complete...

The second-largest truck manufacturer in the world, Swedish Volvo AB, reported a rise in net profit for the second quarter despite a little decline in adjusted operating profit and nearly constant revenue. The company's press statement reads that net profit increased from SEK 10.82 billion to SEK...

One of the top producers of luxury goods in the world, Burberry Group Plc of Britain, said in a press release that it is replacing its CEO and delaying its dividend distribution due to unsatisfactory first-quarter fiscal 2025 performance. Jonathan Akeroyd will leave his position as CEO with...