Volkswagen's Audi Division Posts Lower Profits

Volkswagen reported lower operating margin and profit for its Audi brand group but its flagship division increased profitability. 


 
You Can Now Get Zepbound Through Amazon

Amazon Pharmacy will fill prescriptions for the weight-loss drug ordered through maker Eli Lilly's direct-to-consumer service. 


 
Singtel Denies Plan for Imminent Sale of Australian Unit Optus

Singapore Telecommunications denied plans to sell its Optus unit after a news report of a potential deal sent shares to their biggest one-day gain in more than two years. 


 
Adidas Growth Hurt by High North America Inventories

Adidas said it will propose a flat dividend for 2023 and that growth this year was expected to be geared toward the second half, as growth in the first half would be hurt by work to reduce inventories in the North American market. 


 
De Beers reports uptick in sales but says U.S. retailers are slow to restock

The London headquartered company sold $430 million worth of rough diamonds in the second five-week cycle of 2024, up 15% on the first cycle of the year 


 
Zara Owner Inditex Posts Higher Sales, Plans Higher Investments

Inditex said it planned to boost investments to meet strong demand after it reported sales growth for its latest fiscal quarter and got off to a positive start to the new year. 


 
Li Auto Shares Rise After Stronger Weekly Sales, Price Cuts

Li Auto shares carried overnight gains in the U.S. over into the Hong Kong session on Wednesday, as investors cheered the Chinese EV maker's rebounding sales and fresh price cuts. 


 
Cathay Pacific Posts First Annual Profit Since Pandemic

Cathay Pacific Airways posted its first annual profit since 2019, fueled by a rebound in travel demand as China fully reopened its borders. 


 
Berkshire Buys More Liberty Sirius XM, Now Holds $2.6 Billion of Tracking Stock

The new infomration comes from to Form 4 filings with the SEC. 


 
BAT Closes In On Indian Conglomerate Stake Sale

Books have closed for British American Tobacco's share sale in Indian conglomerate ITC that is likely to fetch the U.K.-based company over $2.0 billion.


(END) Dow Jones Newswires

03-13-24 0715ET