Business

Norinchukin CEO Resigns as Lender Forecasts Deeper Losses

Norinchukin Bank CEO Kazuto Oku to step down as lender forecasts deeper losses from soured foreign bond investments; CFO Taro Kitabayashi to take over on April 1.

Published on: February 20, 2025, 08:01 AM UTC

United Airlines Faces Millions in Losses as Federal Travel Declines

United Airlines faces potential revenue loss due to decreased government employee travel following the Trump inauguration and government layoffs led by the Department of Government Efficiency.

Published on: February 20, 2025, 08:01 AM UTC

European Banks Soar to 1997 Peak as Earnings Beat, Buybacks Boost

European banks rally as earnings and buybacks boost sector to best streak since 1997.

Published on: February 20, 2025, 08:00 AM UTC

Carvana Posts Q4 Beat, Shares Slip After Hours

Carvana reports Q4 revenue and profit beat, but shares dip after-hours; full-year sales hit record 416,000 units, adjusted EBITDA margin of 10.1%.

Published on: February 20, 2025, 07:02 AM UTC

Renewed Scrutiny of PBMs Amid Healthcare Cost Concerns

As a standoff between pharmaceutical companies and PBMs rages on in Washington, CVS defends its role in lowering drug costs despite scrutiny over its rebate strategy and competition from Walmart, GoodRx, and telehealth companies.

Published on: February 20, 2025, 07:01 AM UTC

Murata Eyes M&A Deals Over $600 Million to Fuel Growth

Japan's Murata Manufacturing plans to invest over $665 million in acquisitions and partnerships to boost growth in inductors, sensors, and new markets.

Published on: February 20, 2025, 07:00 AM UTC

Carvana Q4 Earnings Beat: Revenue, Profit Surge, Outlook Strong

Carvana beats revenue and profit estimates, reports record sales and adjusted EBITDA for 2024. However, shares dip after-hours despite strong Q4 results and 2025 growth outlook.

Published on: February 20, 2025, 06:01 AM UTC

Trump Orders Massive Regulatory Review, Cuts Dozens of Federal Entities

President Trump signs executive orders to massively review regulations and reduce federal entities, aiming to eliminate burdens on businesses and cut government spending and programs.

Published on: February 20, 2025, 06:01 AM UTC

Airbus Forecasts 7% Rise in Deliveries, Confirms A350 Freighter Delay

Airbus forecasts 7% rise in commercial deliveries to 820 jets in 2025, confirms A350 freighter delay, and takes fresh charge for troubled Space business.

Published on: February 20, 2025, 06:00 AM UTC

Murata Considers M&A Deals Over $665 Mln to Fuel Growth

Leading smartphone component supplier, Murata Manufacturing, considers large-scale mergers and acquisitions (M&A) for growth.