Sony Posts Profit Beat, Prepares to List Financial Unit

Sony Group has raised its full-year view after third-quarter profit beat expectations, saying it will take steps to drive growth in its entertainment business as it prepares to spin off 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 Dives After Guidance Cuts

Thyssenkrupp shares opened around 10% lower after the company cut its full-year sales and profit targets due to faltering demand and impairment losses in its fiscal first quarter. 


 
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

Shares rose more than 60% in off-hours trading after 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 0515ET