GM Raises Profit Outlook for 2024 After Strong First-Quarter Earnings

Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot....

Chinese Bubble Tea Maker Slides in Hong Kong Trading Debut

Shares of Chinese bubble tea maker Sichuan Baicha Baidao Industrial slumped on lukewarm demand and comes ahead of planned listings by tea rivals Mixue Ice Cream & Tea and Guming....

AB Foods Eyes Further Profit Growth as Primark Margins Rise

Primark owner AB Foods raised its dividend and said it expects a significant rise in full-year profit after its budget retailer delivered robust margins and higher earnings....

JD Sports Steps Up U.S. Push With $1.1 Billion Deal for Hibbett

JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market....

Novartis Ups Guidance on Profit, Sales Growth

Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs....

Nidec Corp. Posts Net Loss on EV-Motor Business Restructuring

Nidec Corp. reported a fourth-quarter net loss on restructuring expenses for its electric-vehicle traction motor business as severe competition disrupts the EV market in China....

DNB Earnings Supported by Corporate Market and Strong Economy

DNB Bank’s first-quarter earnings beat forecasts, helped by a positive trend in the corporate market and a resilient Norwegian economy....

Renault's Group Revenue Beats Expectations

Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates....

Akzo Nobel Beats Views as Sales Volumes Rise

Akzo Nobel reported a growth in revenue and adjusted earnings for the first quarter that exceeded expectations, with higher volumes helping its top line, and backed its outlook for the year....

Asian Buyout Firm Begins Sale Process for $800 Million Malaysia Hospital Business

Buyout firm Affinity Equity Partners’ has started the process to sell the 600-bed Island Hospital with the first bids expected mid-June....