US Business

The Japanese company has been making bigger investments as tech stocks have risen thanks to enthusiasm over artificial intelligence.

First-quarter net profit fell 14% after costs linked to the wildfires meant its large-loss budget was exceeded, but the company reiterated its expectations for the full year.

The company stuck to its full-year outlook on better-than-expected sales and adjusted earnings, but posted a fall in net profit.

The reinsurer reported a fall in its first-quarter net profit due to higher major-loss expenditures in its property and casualty segment.

The Czech investment conglomerate’s offer is a premium to MFE-MediaForEurope’s takeover bid, but stopped short of seeking control of the German broadcaster.

The telecommunications company reported a 19.8% rise in first-quarter group service revenue at constant currency and said the separation of the fintech business continues to progress.

The lender raised its guidance for the year as higher fee income boosted first-quarter earnings.

Saudi Arabia’s national oil company reported a marginal profit beat for the first quarter as weaker oil prices caused by global economic uncertainty dragged on earnings.

Santa Barbara, Calif.-based Kate Farms makes organic nutrition products for both medical and everyday needs.

Berkshire Hathaway has amassed 28% of Occidental Petroleum, but its stock has slumped as U.S. oil prices come under pressure.