Companies & CEOs
Mastercard increases net profit by 14% in Q2 - 08/01/2025
American Mastercard Inc., the manager of one of the globe's biggest payment networks, boosted its net profit in the second quarter of 2025 by 14%, while revenue rose by 17%. Revised profit and revenue surpassed market forecasts. From April to June, Mastercard reported a net profit of $3.7 billion compared to $3.26 billion during the same period last year. Earnings per share rose to $4.07, up from...
Harley-Davidson cuts quarterly net profit in half - 07/31/2025
The biggest American motorcycle maker, Harley-Davidson Inc., halved its net profit in Q2 of 2025 and saw a 19% decline in revenue. According to a press release from Harley-Davidson, the challenging market conditions for non-essential goods and uncertainties regarding trade tariffs are adversely impacting the company's performance. The company's net income for April to June was $108...
Union Pacific and Norfolk Southern merge to create largest U.S. rail operator - 07/30/2025
Union Pacific Corp. and Norfolk Southern Corp., two U.S. rail operators, have reached an agreement to merge, resulting in the establishment of the first transcontinental railroad in the country. Union Pacific stated that the new company will manage over 50,000 miles of rail lines across 43 states, from the East Coast to the West Coast, linking approximately 100 ports. The press release states...
UK regulator probes Deloitte over Glencore audit - 07/23/2025
The Financial Reporting Council (FRC) of the UK has initiated an inquiry into Deloitte LLP regarding its audit of Glencore Plc, a mining firm, and its UK subsidiary, Glencore Energy UK Ltd. The investigation is taking place due to corruption scandals connected to Glencore's operations, according to the Financial Times. The watchdog announced that the investigation will encompass the years from...
French authorities launch investigation into social network X - 07/22/2025
French authorities have launched a criminal investigation into Elon Musk's social network X (formerly Twitter) on suspicion of manipulating its algorithm and illegally collecting data, the platform reported. X firmly rejects the accusations and deems them “politically driven.” “X stated that French regulators have sought access to its recommendation algorithm and operational data...
Stellantis forecasts half-year net loss of €2.3 billion - 07/22/2025
Stellantis NV, the car manufacturer created from the merger of Fiat Chrysler and PSA Group, anticipates a net loss for the first half of the year owing to the considerable adverse effects of one-time write-offs and import tariffs implemented and declared by the United States. Based on initial figures from the company, its net loss for January to June is projected to be €2.3 billion, down from a...
Chevron closes Hess purchase, wins ExxonMobil arbitration over Guyana assets - 07/21/2025
Chevron Corp. has secured a victory in arbitration against ExxonMobil Corp. regarding Hess Corp.’s assets in Guyana, enabling it to finalize its $53 billion acquisition of Hess, announced in October 2023. Chevron announced it finalized the acquisition of Hess after satisfying all required conditions, including a beneficial arbitration decision regarding Hess's offshore assets in Guyana. A...
Zuckerberg and other Meta executives settle investor claims for $8 billion - 07/21/2025
Mark Zuckerberg (ranked No. 3 on Forbes' global billionaires list, with a net worth of $242.1 billion), along with current and former Meta Platforms board members and executives, has consented to resolve investor allegations for $8 billion for damages said to have been inflicted on the company by breaching Facebook users' privacy, according to Reuters, referencing Delaware Chancery Court...
Samsung CEO cleared of all charges by South Korea's Supreme Court - 07/18/2025
The Supreme Court of South Korea has cleared Samsung Electronics Chairman Lee Jae-yong of all allegations concerning accounting fraud and stock manipulation. The decision will conclude a legal conflict that has persisted since Lee succeeded his ill father in 2014. On Thursday, the Supreme Court confirmed lower court rulings that found Lee Jae-yong not guilty of financial offenses...
TotalEnergies increases production in Q2 - 07/17/2025
TotalEnergies cautioned that lower oil and LNG prices adversely impacted its results in the second quarter, even with higher production levels. From April to June, hydrocarbon production rose by roughly 2.5% compared to the corresponding period in 2024, reaching 2.44 million barrels of oil equivalent daily. The average selling price of the company’s liquid hydrocarbons from April to June was...
