COMPANIES

The company also raised its forecasts for results in 2023.

Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported lower sales in the third quarter.

The company's cloud business maintained the pace of expansion.

A Swedish firm makes progress toward the world's first large-scale sodium-ion battery factory, potentially threatening lithium's dominance of the EV battery market.

The rating agency said in a report that airports are moving ahead with their investment plans as passenger traffic recovers.

The company had to do inspections and rework to address an issue with a supplier of parts for the Boeing 737.

Profit and sales beat expectations, but sales in the cloud business were below analysts' estimates.

The homebuilder ended the third quarter with a bigger profit despite high interest rates and more expensive homes.

The unannounced walkout came after GM CEO said in a letter to shareholders that the company has offered a record contract to UAW.

Both Coca-Cola and Kimberly-Clark improved their forecast for results in 2023.

The companies will, however, continue their smartphone business segment in the country.

Hybrid cars in India are currently taxed less than petrol cars, but the Japanese carmaker believes the difference is not enough.

US mortgage rates remain high in the week ending Sept. 21, with a recorded uptick in the 30-year fixed rate at 7.19 percent, up from 7.18 the week prior.

The credit card company said younger customers keep leading demand for new accounts and are willing to pay annual fees.

Zen Studios, which was acquired by Embracer Group in 2020, has reportedly eliminated more than 30 roles as the video game company continues its restructuring process.

The bank said it condemns antisemitism and all hate speech.

The increasing confidence in the possibility of the SEC approving spot Bitcoin ETFs was further fueled by Cathie Wood, who emphasized the shift in the SEC's attitude towards BTC ETF filings this week.

Aptos has not yet revealed the precise reason for the lengthy on-chain disruption

The streaming platform added 9 million subscribers in the third quarter, beating expectations and sending shares higher.

Logistics startup Convoy is expected to implement workforce cuts as the company looks to sell its brokerage business unit in the coming weeks.

Contrary to the rumors that were circulating online a few months ago, Tesla suggested that it did not buy or sell any of its crypto assets over the three-month period ending in September. However, it did not explicitly state its actual Bitcoin holdings.

The fintech company said its revenue for FY23 was around $350 million, up from $197.7 million in the previous year. India is one of the world's front-runners in instant digital payments with about 40% of all payments being made digitally.

Finnish telecom giant Nokia said Thursday it would cut up to 14,000 job as profits fell on weakening demand for its 5G equipment in North America.

Google and other tech companies are being pressured by a U.S. senator and the European Union as the Israel-Hamas war intensifies and news about the conflict – both accurate and misleading – proliferate the internet and social media.

The consumer products maker said that profits and sales will be at the higher end of its guidance ranges for the year.

The bank is the last of the biggest Wall Street giants to report third-quarter results.

The exact number of remaining employees at Expedia is unknown, but its LinkedIn page shows the company has more than 10,001 workers and over 21,800 of them are on the recruitment platform.

Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create "AI factories", powerful data processing centres that would drive the manufacturing of next-generation products such as electric cars.

Waymo has had two earlier rounds of workforce cuts, including in January, when its parent company Alphabet announced it was laying off around 12,000 employees.