BP Expects Profit Lift from Output Boost

BP expects a boost to first-quarter profits from higher oil, gas and low-carbon energy production, despite weaker gas prices. 


 
Atos Reaches Interim Financing Deal, Awaits Cash Injection

Atos said it reached an agreement in principle with a group of banks, bondholders and the French State for much-needed liquidity until it strikes a definitive refinancing deal with creditors to cut debt and restore profitability. 


 
HSBC to Sell Argentina Business in Latest Market Exit

HSBC Holdings is selling its Argentina business for over half a billion dollars, the bank's latest exit from markets that are no longer core to its business strategy. 


 
Artificial Intelligence's 'Insatiable' Energy Needs Not Sustainable, Arm CEO Says

Arm Chief Executive Rene Haas said a push for energy efficiency is needed in artificial-intelligence applications. 


 
Esprit's Belgium Unit Files for Insolvency

Fashion retailer Esprit's Belgium subsidiary has filed for insolvency due to rising costs and cash flow difficulties. 


 
Elon Musk stands his ground on EV adoption, but admits threat of Chinese competition

The Tesla chief executive said China is a threat across the auto sector, and not just in electric vehicles. 


 
The Black Market That Delivers Elon Musk's Starlinks to U.S. Foes

The satellite-internet devices are helping Russian fighters in Ukraine and paramilitary forces in Sudan. SpaceX hasn't shut them off. 


 
Tesla Agrees to Settle Lawsuit Over Autopilot's Involvement in 2018 Fatal Crash

The settlement comes days before attorneys were poised to deliver opening statements. 


 
Blackstone Is Back on the Real Estate Offensive With $10 Billion Deal

The acquisition of AIR Communities is Blackstone's largest transaction in the multifamily market. 


 
SoFi CEO Anthony Noto saw his pay increase more than 40% last year

While Noto's salary grew modestly, the total value of his stock awards drove the big increase.


(END) Dow Jones Newswires

04-09-24 0515ET