Siemens Posts Loss on Writedown, Cuts EPS Target

Siemens cut its earnings per share forecast for fiscal 2022 after it swung to a loss in its third quarter due to an impairment on its investment in Siemens Energy.

 
Daimler Truck Full-Year on Target Despite Cost Challenges

Daimler Truck booked adjusted earnings of just over EUR1 billion in the second quarter and said its financial targets for 2022 remained unchanged, despite the cost challenges.

 
Hapag-Lloyd Profit Surges But Outlook Uncertain

Hapag-Lloyd posted a second-quarter net profit of EUR4.5 billion and confirmed its adjusted earnings target, but cautioned that its outlook was clouded by several factors, including rising costs and supply-chain issues.

 
Longfor Group Shares Rebound After Stressing On-Time Debt Repayment

Shares of Longfor Group Holdings Ltd. rebounded in Hong Kong after the Chinese property developer sought to calm fears about its debt repayments.

 
Air New Zealand Cuts Flights for Six Months

Air New Zealand said it is cutting domestic and international flights for the next six months as Covid-19 and influenza are causing a high level of sickness among its employees.

 
Swire Pacific Swings to Profit; Plans Share Buyback

Swire Pacific swung to a net profit in the first half of the year and said it was optimistic about its medium and long-term prospects.

 
Sonos Loses CFO as It Faces Economic Headwinds

Sonos is losing its chief financial officer as the speaker maker faces economic challenges and has cut its outlook for the fiscal year.

 
Disney Barely Hedges Its Streaming Bet

A revised long-term forecast coupled with price hikes means Disney+ still needs to deliver big for the entertainment giant.

 
Walgreens Helped Fuel San Francisco Opioid Epidemic, Judge Rules

Pharmacy chain plans to appeal decision, saying it never manufactured or marketed opioids

 
Bumble Sales Rise on Higher User Spending

Sales at the online dating company climbed in the latest quarter, driven by higher spending by users as prepandemic conditions have largely returned.

(END) Dow Jones Newswires

August 11, 2022 05:00 ET (09:00 GMT)

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