The Latest Breaking News from Wikimedia Commons

Grab Holdings Limited (NASDAQ:GRAB) reported first-quarter FY22 revenue growth of 6% year-on-year to $228 million. Mobility segment acceleration and strong core food and groceries growth drove the growth as it expanded its merchant selection and contributions from Jaya Grocer. Revenue for Deliveries rose 70% Y/Y to $91 million, driven by continued growth in…

McDonald's Corp (NYSE:MCD) has entered into a sale and purchase agreement with its existing licensee Alexander Govor to sell its Russian business. The financial terms were not disclosed. Under this agreement, Govor will acquire McDonald's restaurant portfolio and operate the restaurants under a new brand. Govor has served as a McDonald's licensee since…

Target Corp (NYSE:TGT) reported first-quarter FY22 sales growth of 4% year-on-year to $25.17 billion, beating the consensus of $24.37 billion. Comparable sales grew 3.3%. Comparable store sales increased 3.4%, and comparable digital sales rose 3.2%. Sales by stores constituted 81.8% of total sales, while digital channel sales represented 18.2%. Gross margin for the…

CMA CGM, a French shipping company, invests in Air France-KLM (OTC:AFLYY) as part of an air cargo partnership, counting on growing demands for flying goods worldwide while supply chains remain snarled in the aftermath of the pandemic, Reuters reported. CMA CGM will take up to 9% of Air France-KLM, worth ~€240 million ($252…

Toyota Motor Corp's (NYSE:TM) Europe business, Air Liquide SA (OTC:AIQUF), and CaetanoBus have signed a Memorandum of Understanding intending to develop integrated hydrogen transport solutions.  The companies will focus on infrastructure connected to distribution and refueling; low-carbon and renewable hydrogen production; and deploying hydrogen in various vehicle types. The initial focus would be on buses, light commercial vehicles,…

JPMorgan & Chase (NYSE:JPM) has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft (OTC:RNFTF), Reuters reported. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to…

Intel Corp (NASDAQ:INTC) shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to CEO Pat Gelsinger. Shareholders cast 1.78 billion votes against executive compensation at the annual meeting. Shareholders cast 921.2 million votes in favor of the compensation. The vote is non-binding.  Gelsinger has earned 1,711 times as…

United Airlines Holdings, Inc. (NASDAQ:UAL) updated its financial outlook for second-quarter 2022. The company stated that the demand environment has continued to improve following the previous guidance, resulting in a higher unit revenue outlook for Q2. Meanwhile, UAL noted that oil price has also increased, resulting in a higher expected fuel price for…

Stratasys Ltd (NASDAQ:SSYS) reported first-quarter FY22 revenue growth of 21.8% year-over-year to $163.43 million, beating the consensus of $157.56 million. Product sales rose 25.2% Y/Y to $113.07 million. Services revenue increased 14.8% Y/Y to $50.36 million. The gross margin expanded 120 bps to 42.6%. The adjusted gross margin was 47.3%, up 65…