International Companies
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Boeing posts wider-than-expected loss, names new CEO
Boeing reported a wider-than-expected loss for its second quarter on Wednesday, as ongoing challenges in both its commercial and defence divisions led to weaker-than-anticipated financial results.
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DuPont hikes guidance as semiconductor demand drives strong Q2 beat
Shares in DuPont de Nemours were rising strongly in pre-market trade on Wednesday after the American chemicals company beat both profit and revenue estimates in its second quarter, and raised its full-year projections.
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ASML surges on report US will exempt allies from China chip restrictions
Dutch chip equipment maker ASML surged on Wednesday following a report it will be exempt from new US rules on foreign chip equipment exports.
P&G misses the mark with fourth-quarter sales
Procter & Gamble's stock took a hit on Tuesday after the American consumer goods giant underwhelmed investors with its quarterly sales figures.
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PayPal lifts full-year forecast after bumper second quarter
PayPal reported a strong set of second-quarter results on Tuesday, surpassing analyst expectations, as it hiked its full-year earnings forecast.
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Tesla recalls 1.8m cars over bonnet latch issue
Electric car giant Tesla was forced to update the software of more than 1. 8m vehicles in the US after a software issue relating to the bonnet opening latch.
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Sixth Street to buy insurer Enstar in $5.1bn deal
Global insurance group Enstar said on Monday that it has agreed to be bought by investment firm Sixth Street in a $5. 1bn deal.
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McDonald's Q2 results fall short of expectations
Fast-food giant McDonald's posted quarterly revenue and earnings that fell short of expectations on Monday as customers continued to refrain from dining out in the three months ended 30 June.
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Philips surges after Q2 results
Philips surged on Monday as its second-quarter results beat analysts’ expectations, driven mainly by growth in North America, and the Dutch medical device maker reiterated its outlook for the year.
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Heineken shares slide after first-half profit miss
Heineken shares were in the red on Monday morning, after a disappointing first-half operating profit that fell short of analyst expectations.
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Apollo to buy IGT Gaming and Everi in $6.3bn deal
Apollo Global Management has agreed to buy International Game Technology’s gaming and digital business - IGT Gaming - and gambling machines firm Everi Holdings in a $6. 3bn cash deal.
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Mercedes-Benz Q2 earnings fall as car sales slip
German automotive giant Mercedes Benz posted a sharp fall in adjusted earnings in its car division during Q2 as it continues to struggle with model changeovers and weakened Asian trading.
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3M comfortably beats expectations for Q2 revenue, earnings
American industrial conglomerate 3M announced a strong set of second-quarter results on Friday, comfortably beating market expectations as it narrowed its guidance for the full-year towards the top end of its previous expectations.
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KKR to buy Instructure Holdings in $4.8bn deal
Instructure Holdings said on Thursday that it has agreed to be bought by investment funds managed by KKR in a $4. 8bn cash deal.
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American Airlines posts record quarterly revenue but slashes earnings outlook
American Airlines reported its highest-ever quarterly revenue for its second quarter on Thursday, at $14. 3bn, although that still fell short of its own expectations, as the airline also lowered its full-year earnings guidance.
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Nestle cuts full-year sales outlook
Food giant Nestle slumped on Thursday after it cut its sales outlook for the year as pricing has come down "faster than expected".
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UMG shares slide as subscription, streaming revenue disappoints
Shares in Universal Music Group (UMG) experienced their steepest slide since going public on Thursday, after the Amsterdam-traded company’s subscription and streaming revenue growth failed to meet investor expectations.
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Kering first-half revenues drop, H2 operating income to fall 30%
Gucci owner Kering tumbled on Thursday after it posted a drop in first-half revenues and warned that operating income would drop in the second half.
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Deutsche Bank halts buyback plan as H1 profits sink
Deutsche Bank shares tanked on Wednesday after the German bank paused its share buyback programme amid a sharp decline in first-half profits following a big charge relating to its 2010 takeover of Postbank.
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Bosch snaps up heating and air con assets in $8bn deal
German technology group Bosch is to acquire the residential ventilation business of Johnson Controls International in an $8bn deal, it was announced on Tuesday.