Compared to profit before taxes, Metro's net loss for the first nine months was €379 million. According to the company's financial statement, Metro AG, a major German retailer, recorded a net loss of €379 million in the first three quarters of fiscal 2021–2022 as opposed to a profit of €31 million...

After reporting revenues that above expectations, Apple iPhone assembler Foxconn issued a cautious prediction for the current quarter, citing decreasing smartphone demand following a pandemic-fueled surge.   The views from the Taiwanese company, the world's largest contract electronics...

Pfizer said that the pharmaceutical company will pay $5.4 billion to acquire the American biopharmaceutical firm Global Blood Therapeutics (GBT). According to the agreement, Pfizer will pay $68.5 per share for all of GBT's outstanding shares, giving the business a total value of almost $5.4...

eBay Inc., one of the biggest and oldest online marketplaces in the world, stated that its revenue in the second quarter was $2.4 billion, a 9 percent decrease from the same period last year. Turnover was $18.5 billion, an 18% decrease from the same period last year. The net loss decreased...

Warren Buffett's investment company Berkshire Hathaway reported a net loss of $43.8 billion at the end of the second quarter. A broad market decrease was the primary cause of the unprofitable quarter. As a result, the S&P 500 index declined by 16% during the third quarter, while shares of...

Sliding valuations in SoftBank Group Corp's Vision Fund unit's listed portfolio portend to further pain for CEO Masayoshi Son when the company announces April-June profits on Monday, as investors chill on the high-growth enterprises he favours.   According to Redex Research analyst Kirk...

One of the biggest credit reporting agencies in the world, Equifax, said yesterday that a technical issue with the data transfer to newer equipment resulted in an error in the calculation of credit scoring for "fewer than 300,000" retail customers. The business stated that the credit rating...

The German carmaker Bayerische Motoren Werke AG (BMW) reported in a statement that its net profit attributable to shareholders climbed over 1.7 times year over year to €12.981 billion in the first half of 2022. Comparatively to a year ago, diluted earnings per share increased to €19.63 from €11.49....

According to trading statistics, shares of the photohosting website Pinterest are up by more than 20% in pre-trade trading following the release of financial statements and announcement of willingness of American investor Elliott to take part in the company. Pinterest shares are up 21.4 percent to...