US Business

Sony Group has raised its full-year view after third-quarter profit beat expectations, saying it will take steps to drive growth in its entertainment business as it prepares to spin off its financial unit.

Capgemini lifted its dividend payout after profits rose last year, but the tech group forecast only modest margin growth in 2024.

Ahold Delhaize reported a sharp drop in operating profit to €675 million for the fourth quarter, and lower margins, as costs rose.

ABN AMRO launched a €500 million buyback after its fourth-quarter net profit beat forecasts and set out its return on equity target for 2026.

The French tire maker said the share buyback could be worth up to €1 billion over the 2024-2026 period. It also declared an €1.35 dividend for the year.

Former state utilities head Samuel Randazzo was accused of receiving more than $4.3 million from FirstEnergy and its affiliates to provide favorable official actions for the company.

CymaBay Therapeutics shares jumped nearly 25% and hit a new record high in early trading after the clinical-stage biopharmaceutical company agreed to be acquired by Gilead Sciences for $4.3 billion.

Atos shares fell after S&P lowered its ratings for the third time in less than a year, saying the IT group could face challenges or delays in addressing its liquidity shortage.

A consortium of investors including EQT have agreed to a €1.5 billion takeover of French digital music company Believe.

China controls the bulk of the world’s solar supply chain. Now, the U.S. is trying to build its own. It will be tough.