News Highlights: Top Company News of the Day
August 11 2022 - 5:15AM
Dow Jones News
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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