US Business

Posco said higher raw material prices weighed on earnings amid a slowdown in the industry, though increased steel product prices cushioned the fall in its operating profit.

Barclays confirmed its 2024 forecasts after it reported better-than-expected profits and income for the first quarter.

Buyout firm Affinity Equity Partners’ has started the process to sell the 600-bed Island Hospital with the first bids expected mid-June.

Pickup trucks and resilient consumer spending powered GM’s 24% increase in quarterly profit, but China remains a trouble spot.

JD Sports is buying Hibbett in a deal that values the American retailer at $1.1 billion, doubling down on its push into the U.S. at a challenging time for the sports-retail market.

Novartis lifted its full-year guidance after first-quarter profit and sales rose and beat consensus expectations, boosted by strong sales of key drugs.

Nidec Corp. reported a fourth-quarter net loss on restructuring expenses for its electric-vehicle traction motor business as severe competition disrupts the EV market in China.

Primark owner AB Foods reported a higher profit for the first half, benefiting from some normalization of its markets and in the supply chain despite sales coming in below expectations.

DNB Bank’s first-quarter earnings beat forecasts, helped by a positive trend in the corporate market and a resilient Norwegian economy.

Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.