Facebook parent Meta’s revenue, profit decline amid ad slump
Facebook parent Meta on Wednesday reported that its revenue declined for a second consecutive quarter, hurt by falling advertising sales…
October 2022
ANZ’s Cash Profit Climbs On Home Loan Boost, Higher Interest Rates
(Reuters) -Australia and New Zealand Banking Group Ltd on Thursday reported a 5% rise in annual cash profit that surpassed…
Ford Posts Loss On Decision To Wind Down Argo AI Self-driving Unit
By Paul Lienert and Joseph White DETROIT (Reuters) -Ford Motor Co on Wednesday reported a third-quarter net loss driven by…
Second railroad union rejects deal, adding to strike worries
OMAHA, Neb. (AP) — A second railroad union rejected its deal with the major U.S. freight railroads on Wednesday, reflecting…
Ford, Volkswagen-backed Argo AI To Shut Down- TechCrunch
(Reuters) – Self-driving startup Argo AI will shut down operations and its employees and parts will be absorbed by its…
Intel’s Mobileye Unit Valued At $22 Billion As Shares Cruise Higher
(Reuters) -Shares of Mobileye Global Inc are up 30% in early afternoon trading on Wednesday following its U.S. debut, valuing…
Pfizer, Facing Lawsuit, Says Minority Fellowship Program Serves Public Interest
By Jonathan Stempel NEW YORK (Reuters) – Pfizer Inc said its fellowship program for minorities serves the public interest, as…
Executives could forfeit some compensation under new rule
Securities regulators wants to make sure publicly traded companies recover any executive compensation that’s awarded based on financial statements that…
With Americans feeling pinched, Biden targets ‘junk fees’
NEW YORK (AP) — With time running out before the election, President Joe Biden highlighted his administration’s push to crack…
Norfolk Southern railroad delivered 27% higher 3Q profit
OMAHA, Neb. (AP) — Norfolk Southern hauled in 27% more third-quarter profit as the railroad increased shipping rates and reduced…