Zara Owner Inditex Posts Higher Sales

Inditex reported sales of EUR10.3 billion in the fourth quarter, in line with expectations, as collections were well received by customers. 


 
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. 


 
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. 


 
Books Close for BAT's Stake Sale in Indian Conglomerate

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. 


 
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. 


 
Coinbase plans $1 billion convertible-debt deal after stock surge

The cryptocurrency marketplace is headed to Wall Street to raise money through a convertible offering. 


 
IBM begins layoffs amid push toward AI

IBM Corp. on Tuesday notified employees in its marketing and communications division that it's making cuts, the latest large tech company to trim its payroll. 


 
How TikTok Was Blindsided by U.S. Bill That Could Ban It

Executives thought they had fended off attacks, but lawmakers and Biden officials were working to force its ban or sale. The House is set to vote Wednesday on the new bill. 


 
China Raises Fines on Mintz Due-Diligence Firm

The increased fines come about a year after authorities raided Mintz Group's Beijing office over allegedly unapproved statistical work. 


 
Startup Head Count Shrank for the First Time in Years, Carta Says

Layoffs and job departures outstripped new hires in 2023 at startup companies, according to data from Carta's platform.


(END) Dow Jones Newswires

03-13-24 0315ET