Sony Reports Profit Rise, Starts Preparing for Financial Unit's Spinoff

Sony Group reported a rise in third-quarter net profit, thanks partly to higher earnings from the image-sensor and music businesses, and said it would start preparing for a spinoff and listing of its financial unit. 


 
Heineken Warns of Tough Backdrop as Volumes Tumble

Heineken reported a 4.7% drop in 2023 consolidated beer volumes, as higher pricing to combat cost inflation weighed, and warned that economic and geopolitical volatility could hurt its performance this year. 


 
Thyssenkrupp Cuts Guidance on Lower Demand, Impairments

Thyssenkrupp lowered its sales and net profit targets for the current fiscal year on falling demand, higher costs and impairment losses after its first-quarter results missed consensus. 


 
Evolution Mining to Step Back From Dealmaking This Year

After striking an up to $475 million deal in December for an Australian copper-gold mine, Evolution Mining is taking a break from the deal table. 


 
Lyft Earnings Typo Sends Stock Soaring

The release accidentally added an extra zero to a key number. 


 
WuXi Shares Hit by U.S. Committee Seeking Inquiry, Blacklisting

Shares of the WuXi family of biotech and research companies extended losses amid fresh concerns of U.S. lawmakers pushing for government restrictions on the Chinese companies. 


 
A Tiny Hedge Fund Is Becoming a Thorn in the Side of Energy Giant BP

London-based Bluebell Capital Partners has a history of aiming at big targets, and sometimes hitting them. 


 
The Six Months That Short-Circuited the Electric-Vehicle Revolution

Automakers went all in on battery power, but buyers have proven more hesitant. "Reality has set in," said one auto worker. 


 
Former Apple Executive Among CEO Candidates for New Sports-Streaming Venture

The planned venture from Disney, Warner and Fox would combine their live-sports channels into a streaming package. 


 
Instacart Lays Off 7% of Staff Amid Rising Competition and Food Costs

The grocery-delivery company's revenue rose and profit fell last quarter.


(END) Dow Jones Newswires

02-14-24 0315ET