US Business

BAE Systems said it expected sales to rise 10-12% this year as governments ramp up spending on military equipment, faced with escalating geopolitical tensions.

Rio Tinto reported a 19% decline in annual net profit and cut its payout to shareholders following a drop in aluminum and copper prices.

Australian chemicals company Orica has agreed to buy U.S. sodium cyanide producer Cyanco from an affiliate of Cerberus Capital Management for $640 million.

The bank said first-quarter revenue grew by 1% when compared with the average of the prior two quarters.

The Biden administration is pledging $1.5 billion in grants to GlobalFoundries in the first major award to revitalize the domestic semiconductor industry.

IBM, Delta and others have dropped college degree requirements but old hiring habits are hard to break.

Fans race to snag neon-orange and pink DunKings tracksuits after the now-viral Super Bowl ad, sparking eBay bidding wars.

Franz von Holzhausen, the chief designer at Tesla, is ready for his next big challenge.

Forvia shares rose after it said it would save about €500 a year from 2028 through job cuts as the company adapts to EU electric-vehicle policies.

Currys stock rose 33% in opening trading, with the U.K. electronics retailer at the center of a possible takeover battle between China’s JD.com and Elliott Advisors.