Li Auto Profit Drops Despite Record Revenue
Chinese plug-in hybrid specialist Li Auto reported lower net profit for the fourth quarter despite record revenue as a brutal price war hurt its bottom line.
UniCredit Gets ECB Green Light to Raise Commerzbank Stake
The Italian bank said it will wait until next year before deciding whether to make a move after receiving European Central Bank authorization to increase its holding in Commerzbank to up to 29.9%.
BMW Expects Flat Earnings This Year as Headwinds Continue
BMW expects to report slight sales growth this year but said earnings would remain flat as it faces headwinds from continuing challenges in China and costs related to tariffs.
Foxconn Forecasts Strong 2025 Growth on AI Server Demand
Foxconn has expanded its footprint into high-growth tech sectors like AI and EVs in recent years as its core electronics manufacturing business faces challenges due to industry shifts.
CK Hutchison Shares Drop After Beijing Signals Unhappiness Over Panama Ports Deal
Beijing signaled its displeasure over CK Hutchison Holdings' agreement to sell its majority controlling stake in Panama ports to a BlackRock-led consortium.
Universal Music Shares Fall After Ackman's Pershing Decides to Cut Stake
Hedge fund manager Bill Ackman said his Pershing Square firm would reduce its stake in the world's largest music company.
Daimler Truck to Cut Costs at Mercedes-Benz Trucks Unit After Earnings Decline
The trucks and buses manufacturer said it aims to achieve more than EUR1 billion in savings after posting a decline in fourth-quarter earnings on weak European demand.
Inside the Mind of Intel's New CEO: 'Disrupt and Leapfrog'
Semiconductor veteran and former board member Lip-Bu Tan has returned to the company in a time of great need. The path ahead is rocky.
Compass in Talks to Buy Warren Buffett's Real-Estate Brokerage Unit
The talks are the latest sign of consolidation among real-estate brokerages during a prolonged period of lackluster home sales.
Ulta Beauty Finishes Above Forecast
The beauty retailer posted a profit of $393.3 million for the 13-week period that ended Feb. 1, compared with $394.4 million a year earlier.
(END) Dow Jones Newswires
March 14, 2025 07:00 ET (11:00 GMT)
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