Deutsche Boerse AG, the exchange’s operator, saw a 13% increase in net profit and a 20% gain in revenue in Q4. The company's net profit for October through December of 2023 was €427.4 million, up from €378.9 million in the same period the previous year. EPS increased from €1.96 to €2.2. Revenue increased to €1.436 billion from €1.168 billion in the previous year. EBITDA for Deutsche Boerse...

Maersk's stock dropped 17% in Copenhagen following the release of its projections. Following the release of statements and projections, shares of the Danish shipping corporation Maersk dropped 17% during trading in Copenhagen on February 8, according to CNBC.  Maersk stated in its 2024 earnings projection that there is a lot of uncertainty because of Hussite attacks and an excess of...

According to a press release from the company's U.S. division, Japanese carmaker Toyota Motor plans to invest an additional $1.3 billion on its flagship facility located in Kentucky. Consequently, the firm will receive almost $10 billion in total investments. The additional funding is intended to further the electrification of transportation, namely by creating the possibility of building a...

The Financial Times reports, referring to a statement released by the climate group Follow This, that the group has opted to remove a proposal it had intended to include on the agenda of US ExxonMobil's annual shareholders meeting, which aimed to hasten the reduction of greenhouse gas emissions. To stop the plan, Exxon filed a lawsuit in a Texas district court last week. "Given that Exxon chose...

The Financial Times reports that Asian online apparel company Shein, which is getting ready to go public on the US stock market, has been charged with many copyright violations. At least ninety-three designers and businesses have sued Shein in US courts since 2018. Thirty additional cases have been filed in 2023 alone. Hennes & Mauritz (H&M), a multinational retail conglomerate, and...

The Public Investment Fund (PIF) of Saudi Arabia and Pirelli of Italy have been granted permission by the European Commission to establish a joint venture specializing in tires within the kingdom. "Considering that the joint venture does not now operate in or intend to operate in the European Economic Area, the Commission has determined that the proposed acquisition would not give rise to...

Health Care Service Corp. (HCSC) will purchase US health insurer Cigna Corp.'s Medicare national insurance program business and subsidiary CareAllies, which provides services to healthcare organizations, for about $3.7 billion, the company announced. It is anticipated that the deal would be finalized in 2025's first quarter. Share repurchases will be financed mostly by the proceeds. For the...

The US holding corporation Alphabet Inc., which controls Google, announced in a release that its net profit for 2023 climbed by 23% year over year to $73.795 billion. For the period, diluted earnings per Class A, B, and C share were $5.8, up from $4.56 in the prior year. The company's revenue grew by 8.6% to $307.394 billion in the previous year. Alphabet's fourth-quarter net income rose by 1.5...

The American electric vehicle manufacturer Tesla Inc. stated in its annual report that its capital expenditures would surpass $10 billion in 2024 and fall within the range of $8 billion to $10 billion over the following two years. The amount increased from $7.16 billion in 2022 to $8.9 billion in 2023. Tesla stated in a filing submitted to the U.S. Securities and Exchange Commission (SEC), "We...