Uber Posts First Annual Profit Since Its IPO

The company's latest results mark an end to the growth-at-all-costs era. 


 
CVS Health Cuts 2024 Guidance, Citing 'Potential Implications' of Higher Medical Costs

The healthcare giant's revised earnings projections are likely to add to investor uncertainty about the Medicare Advantage business. 


 
Snap Doesn't Get its Meta-Moment

Snapchat parent's ad business is recovering slowly, dashing hopes that had overheated its stock. 


 
Meta Has Joined the Dividend Club. Are Its Best Days Behind It?

The Facebook parent's first dividend is sending conflicting signals among investors. 


 
LG Chem, GM Sign $19 Billion Cathode Supply Deal

South Korea's LG Chem will supply General Motors with nearly $19 billion worth of cathode materials, part of the U.S. carmaker's long-term ambitions to become a leader in electric vehicles. 


 
Woodside, Santos End Talks on Merger to Create $57 Billion Energy Giant

The companies spent two months discussing a merger that aimed to capitalize on the rising demand for natural gas resulting from the war in Ukraine. 


 
TotalEnergies Ramps Up Shareholder Returns

TotalEnergies said it would increase its dividend and investor payouts this year, after it posted profits of more than $5 billion in the fourth-quarter, below expectations. 


 
Siemens Energy Posts Profit as Orders Surge

Siemens Energy swung to a net profit in the first quarter of fiscal 2024, helped by a 24% rise in orders and reiterated its outlook for the year. 


 
China Offers Support to Accelerate EV Makers' Global Push

China is encouraging its electric vehicle makers to expand their overseas presence, including forging tie-ups with foreign research institutions and countries to build industrial clusters. 


 
Chief Executive of TikTok's Chinese Version Steps Down

The chief executive officer of Douyin, the Chinese version of TikTok, has stepped down to take on other responsibilities, a company spokeswoman said Wednesday.


(END) Dow Jones Newswires

02-07-24 0715ET