Author: WSJ

Novartis now expects its core operating profit to grow in the mid to high teens, after second-quarter results outpaced analysts’ expectations, boosted by revenue from its blockbuster treatments.

Anglo American cut its 2024 coal-production target after a fire incident at a major mine is set to suspend production for the rest of the year, while backing guidance for its key metals copper and iron ore.

Daimler Truck said it took a €120 million hit from a write-down of its China joint venture due to a persistently weak market and that its full-year guidance was under review.

EssilorLuxottica has agreed to buy the brand from Vans owner VF for $1.5 billion, a move aimed at helping the Ray-Ban maker expand beyond eyewear.

San Diego-based pet food retailer said that interim CEO R. Michael Mohan would transition to a new role leading a board committee focused on value creation.

The move follows a similar retreat by Tractor Supply as more companies face criticism over DEI.

Darden said it will acquire all the outstanding shares of Chuy’s for $37.50 per share. The price represents a 40% premium to Chuy’s 60-day volume weighted price.

The drugstore operator noted social security numbers, financial information or patient information wasn’t accessed.

A “hacktivist” group critical of AI-generated art says it has obtained swaths of data from Disney’s Slack channels, some of which it has published online.

The German premium-fashion company said persistent macroeconomic and political challenges are dampening consumer spending, hours after Burberry warned about posting a loss in the first-half.