Deere's Rising Costs Put Pressure on Equipment Profits

The equipment maker posted higher sales for its latest quarter, while rising costs for materials and parts continued to pressure its margins.

 
Tech Rout May Take the Shine Off Cartier's Owner

Investors would like Swiss luxury group Richemont to sell its loss-making online-fashion retailer. That is unlikely with technology stocks in the doldrums.

 
Tinder Owner Match Group, Google Reach Deal on App Store Payment Rules

Match said it has withdrawn its request for a restraining order against Google, saying Google has made concessions that Match demanded.

 
Biden Visits Samsung to Shore Up Tech Allies in Countering China

President Biden began a three-day trip to South Korea with a factory visit that underscored the technology ties between the countries.

 
Senior Executives Leave Russian Oil Giant Rosneft

The Russian state oil giant is losing several senior executives and board members, a brain drain that stands to weaken a prime driver of the country's economy while Moscow wages war on Ukraine.

 
Boeing's Starliner Spacecraft Launches Toward Space Station in Do-Over Mission

The liftoff comes after a failed flight attempt and delays-and successful trips by Elon Musk's SpaceX.

 
Porsche Rolls Out Board-Approved Privacy Strategy

Drivers of Porsche cars can switch on privacy mode to stop the auto maker from tracking their data, or they can consent to having their data used for specific services.

 
Tencent's Recovery Prospects Rest on Gaming

A recovery for Tencent Holdings Ltd.'s earnings after its dismal first quarter will likely depend on its gaming segment. Domestic gaming revenue fell as the Chinese social media and videogame giant suffered its steepest quarterly profit drop and slowest total revenue growth since going public in 2004.

 
Richemont Slides on Profit Miss, YNAP Uncertainty

UPDATED: Richemont shares tumbled after it reported below-forecast operating profits in fiscal 2022, while the planned divestment of its e-commerce platform YNAP remained unresolved.

 
Billionaire Likely to Sell AGL Stake if Demerger Goes Through

UPDATED: Billionaire Mike Cannon-Brookes would likely walk away from AGL Energy if he is unsuccessful in corralling a shareholder vote against a demerger of coal plants from its retail operations.

(END) Dow Jones Newswires

May 20, 2022 15:15 ET (19:15 GMT)

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