US Business

Backers include General Catalyst, Lightspeed, Bertelsmann Investment, Cisco Systems, International Business Machines, Nvidia and Salesforce Venture.

Umicore now expects 2024 earnings for its battery business to be around break-even, with volumes to be equal or slightly lower than last year, while group profit forecasts were also cut back.

Chinese authorities have ordered Evergrande Auto to repay government subsidies due to its failure to meet contractual obligations, and the company warned it could face the repossession of some assets.

The billionaire founder had sex with an employee and a former intern, and asked a woman at his company to have his babies

Shari Redstone is likely to pursue a sale of National Amusements, the company that controls Paramount, with other potential bidders.

Canadian Western holds about C$37 billion in loans and has 39 branches located in Western Canada and Ontario. The companies said the combination would increase National Bank’s commercial banking portfolio by about 52%.

Fabrizio Freda is expected to remain in the top job at the beauty giant despite its sagging performance and division in the founding family over direction.

Five Below cut its outlook for the year, warning that its core low-income shoppers were facing an outsized impact from years of inflationary pressures.

European companies showed tentative signs of an earnings recovery in the first quarter, leaving investors wondering if the region has turned a corner as it braces for a shift in monetary policy.

The league is closing in on deals with NBC, ESPN and Amazon that would bring in about $76 billion in media revenue over 11 years.