Business - Page 103

Mercedes-Benz announced plans to accelerate cost-cutting measures after third-quarter earnings dropped by half, impacted by weak demand and intense competition in China. The luxury carmaker adjusted its full-year profit margin target twice

For four days, billionaire Elon Musk toured Pennsylvania, lending his support and influence to Republican Donald Trump’s campaign ahead of the November election. At the rallies, Musk received praise from conservatives while

UBS is divesting part of the Credit Suisse business it acquired last year by selling the fallen bank’s 50% stake in the credit card provider Swisscard. The deal involves UBS selling its

The dollar was set for its third consecutive weekly gain on Friday, bolstered by a dovish European Central Bank (ECB) and strong U.S. economic data, which is pushing back expectations for rate

Boeing (BA.N) announced plans on Tuesday to raise up to $25 billion through stock and debt offerings, alongside a $10 billion credit agreement with major lenders, as the company seeks to stabilize

A group of FTX investors voluntarily dismissed their proposed class action against U.S. law firm Sullivan & Cromwell on Wednesday in a Miami federal court. The investors had accused the law firm

Wells Fargo’s (WFC.N) profit exceeded analysts’ expectations in the third quarter as it set aside less money than anticipated to cover potential loan losses. The bank also predicted that its interest income