H&M Profit Battered by Rising Costs, Russia Exit 
 

The fast-fashion giant reported a 68% decline in annual profit after economic and geopolitical challenges hampered its efforts to rebound from the Covid-19 pandemic.

 
Hasbro to Cut Global Workforce by 15% 
 

The layoffs are another signal that economic uncertainty has spread beyond the technology and media sectors.

 
Wells Fargo Chief Made $24.5 Million Last Year 
 

Charles Scharf was eligible for his full target pay of $27 million but turned down a raise.

 
Visa rides a wave of spending to an earnings beat 
 

Visa shares gained more than 1% in after-hours trading Thursday after the financial-technology powerhouse topped earnings and revenue expectations for its latest quarter.

 
Bestway Builds Stake in Sainsbury's 
 

Wholesaler Bestway has bought a 3.45% stake in Sainsbury's worth around GBP193 million, but said it wasn't considering an offer for the company.

 
Remy Cointreau Posts Lower Sales as U.S. Consumption Trends Normalize 
 

Remy Cointreau's sales for the third quarter of fiscal 2023 fell 0.7% as consumption trends in the U.S. normalized, but reported a rise in shipments to China ahead of the Lunar New Year.

 
Airbus to Hire 13,000 Workers as Delivery Delays Rise 
 

The European plane maker plans to expand its staff by 10% to meet surging aircraft and travel demand.

 
LVMH Posts Record Revenue, Profit 
 

The owner of the Louis Vuitton and Dior brands said it was confident it could maintain a brisk pace of growth despite an uncertain economic environment.

 
Intel Slumps on Disappointing Earnings Amid PC Weakness 
 

The once-booming chip industry has been hurt by flagging consumer appetite amid worries over possible recession.

 
Elliott Prepares to Nominate Slate of Directors at Salesforce 
 

The activist investor has made a multibillion-dollar investment in Salesforce and is having conversations with numerous technology executives as well as those with other industry backgrounds.

(END) Dow Jones Newswires

January 27, 2023 05:00 ET (10:00 GMT)

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