Volkswagen's Audi Division Posts Lower Profits

Volkswagen reported lower operating margin and profit for its Audi brand group but its flagship division increased profitability. 


 
Zara Owner Inditex Posts Higher Sales, Plans Higher Investments

Inditex said it planned to boost investments to meet strong demand after it reported sales growth for its latest fiscal quarter and got off to a positive start to the new year. 


 
Cathay Pacific Posts First Annual Profit Since Pandemic

Cathay Pacific Airways posted its first annual profit since 2019, fueled by a rebound in travel demand as China fully reopened its borders. 


 
Li Auto Shares Rise After Stronger Weekly Sales, Price Cuts

Li Auto shares carried overnight gains in the U.S. over into the Hong Kong session on Wednesday, as investors cheered the Chinese EV maker's rebounding sales and fresh price cuts. 


 
BAT Closes Stake Sale in Indian Conglomerate for Over $2 Billion

Books have closed for British American Tobacco's share sale in Indian conglomerate ITC that is likely to fetch the U.K.-based company over $2.0 billion. 


 
Berkshire Buys More Liberty Sirius XM, Now Holds $2.6 Billion of Tracking Stock

The new infomration comes from to Form 4 filings with the SEC. 


 
Startup Head Count Shrank for the First Time in Years, Carta Says

Layoffs and job departures outstripped new hires in 2023 at startup companies, according to data from Carta's platform. 


 
Activist Investor Land & Buildings Urges Office Owner to Liquidate

The hedge fund wants Equity Commonwealth to return cash to investors. 


 
Boeing Stock Falls Again. The Bad News Just Keeps Piling Up.

Shares were lower after the airline manufacturer failed 33 of 39 product audits conducted by the FAA, the New York Times reported. 


 
Coinbase plans $1 billion convertible-debt deal after stock surge

The cryptocurrency marketplace is headed to Wall Street to raise money through a convertible offering.


(END) Dow Jones Newswires

03-13-24 0515ET