BP Tops Expectations, Boosts Buyback

BP beat forecasts on fourth-quarter profit and doubled-down on its commitment to hand back cash to investors, helping lift its shares to the top of the FTSE 100.. 


 
Adam Neumann Tries to Buy Back WeWork

Financial support from Dan Loeb's hedge fund Third Point has been lined up for a bid, a letter from the WeWork founder's lawyers says 


 
Costco CFO Richard Galanti to Step Down After 30 Years

Kroger's former finance chief, Gary Millerchip, will be the warehouse-club operator's next chief financial officer. 


 
DocuSign to Cut About 6% of Jobs

DocuSign said it plans to cut about 6% of its workforce in the latest round of layoffs to hit the tech sector. 


 
Spotify Earnings: Losses Narrow Amid Subscriber Growth, Price Increase

The audio streamer attracted strong subscriber growth despite a price increase. 


 
Eli Lilly's stock leaps toward a record as a 16% jump in prices boosted profit

U.S. prices for Lilly's drugs climbed 27%, driven by diabetes treatment Mounjaro, while prices outside the U.S. fell. 


 
DuPont's stock bounces after profit tops forecasts, dividend raised

DuPont's stock bounced Tuesday, after the parent of Kevlar, Tyvek and Styrofoam brands reported fourth-quarter profit that topped expectations, lifted its dividend and announced a new share repurchase program. 


 
Hertz's stock heads for record low after car rental company's loss was wider than expected

Hertz Global Holdings Inc.'s stock tumbled 7% early Tuesday to put it on track for its lowest close since emerging from bankruptcy in July of 2021, after the car rental company posted a wider-than-expected fourth-quarter loss. 


 
GE Healthcare beats fourth-quarter earnings estimates to offset soft profit guidance

GE HealthCare Technologies Inc.'s stock rose 1.9% early Tuesday, after the company posted better-than-expected profit and revenue for the fourth quarter, offsetting soft profit guidance for 2024. 


 
How India's Education Giant Got Schooled and Lost $20 Billion in Value

Byju's, once India's most valuable startup, is shaping up as a cautionary tale. With signs of a new global tech bubble emerging, investors would do well to take note.


(END) Dow Jones Newswires

02-06-24 1115ET