Shares were little change early Wednesday following results that had been telegraphed to the market on October 11, when newly installed Chief Executive Kelly Ortberg announced the company was cutting 10 per…
Tag: loss
Oil set for weekly loss even as OPEC+ delays adding barrels
Oil is poised for one of its biggest weekly losses this year, even as OPEC+ delayed a planned increase in output. Brent traded near $73 a barrel on Friday, down more than…
HSBC to book $1 billion loss on Argentina unit sale
The move “enables us to focus our resources on higher value opportunities across our international network,” Chief Executive Officer Noel Quinn said in the statement. The Argentine unit has “limited connectivity” to…
Apple to stop selling its latest watches in US after patent loss
The move comes ahead of the anticipated import ban of Apple Watch models with a blood oxygen sensor “- a feature in the latest lineup “- stemming from a legal battle with…