US Business

The genetics company is closing a unit that was once seen as core to its future.

Aristocrat Leisure will sell its Palarium Global mobile-gaming unit to Sweden’s Modern Times Group as the Australian gaming company increasingly focuses on regulated gaming and slot machines.

The company didn’t disclose how many toys were affected or if it was recalling any products.

The executive’s retirement comes as the manufacturer attempts to restart factories after a damaging strike.

The German arms maker posted a 39.5% increase in sales, as it consolidated its place as one of Europe’s main ammunition and weapon suppliers.

Growth was fueled by the defense electronics division as well as data processing for intelligence and cyber security. The company’s helicopters unit continued receiving strong orders, Leonardo said.

The short-term rental company posted higher revenue in the third quarter as North American travel trends improved.

The maker of coolers and insulated drinkware expects to hit the high end of its earnings guidance for the year after posting a bigger profit and higher-than-estimated sales in the third quarter.

The entertainment company swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers.

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.