Nissan Issues Second Profit Warning Amid Falling Sales
Nissan Motor Co. issued its second profit warning for the year ended March 31 as it continues to struggle with falling sales, particularly in the U.S. and Europe.
Credit Suisse 1Q Beats Forecasts
Credit Suisse kicked off the earnings season for big European banks reporting an increase in first-quarter net profit that beat expectations.
Novartis Ups Guidance as Sales Rise
Novartis raised its 2019 core operating income growth guidance as sales continued to grow.
SAP Upbeat on Outlook on Cloud Growth
Germany's SAP raised its growth outlook after it posted a 19% rise in first-quarter net profit on a strong cloud performance.
SoftBank to Invest in Wirecard
SoftBank plans to invest about EUR900 million euros in Germany's Wirecard as part of a strategic partnership.
Sonder Poised to Become Airbnb's Billion-Dollar Competitor
The operator of a rentals marketplace for travelers is close to completing an investment round that will value the company at about $1 billion, according to people familiar with the matter.
ARA Asset Plans Singapore IPO of U.S. Hotel Assets
Warburg Pincus LLC-backed ARA Asset Management Ltd. will start taking orders from investors Wednesday for an initial public offering in Singapore of its U.S. hotel assets that could raise as much as $450 million, a person with knowledge of the deal said.
CBS Suspends CEO Search, Extends Ianniello as Acting Chief Until Year-End
CBS said it suspended its search for a new chief executive, extending the employment of acting CEO Joe Ianniello through the end of the year.
Google Wins First FAA Approval for Regular Drone Delivery of Consumer Items
Wing Aviation, a unit of Alphabet's Google, received the first U.S. authorization to operate a fleet of consumer delivery drones-a move that could jump-start various companies' commercial drone services nationwide.
EBay Lifts Guidance as Revenue, Number of Buyers Rise
EBay raised its revenue and profit outlook after posting stronger-than-expected results in its first quarter, sending shares up 5% in after-hours trading.
(END) Dow Jones Newswires
April 24, 2019 03:15 ET (07:15 GMT)
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