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Supreme Court ruling on race-based redistricting prompts quick action in some states

Supreme Court ruling on race-based redistricting prompts quick action in some states

Several states already are taking steps to respond to a U.S. Supreme Court decision striking down a majority Black congressional district in Louisiana
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ArcelorMittal beats earnings view as EU steel measures begin to bear fruit

ArcelorMittal beats earnings view as EU steel measures begin to bear fruit

By Javi West Larrañaga April 30 (Reuters) - ArcelorMittal, the world's second-largest steelmaker, reported stronger-than-expected core earnings on Thursday, helped by higher steel prices and improved performance in its North America business.
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Starbucks customers are coming back. Profits haven't caught up yet

Starbucks customers are coming back. Profits haven't caught up yet

By Waylon Cunningham NEW YORK, April 29 (Reuters) - Starbucks posted its strongest quarterly sales growth in two and a half years on Tuesday, but as costs rise faster under CEO Brian Niccol’s turnaround strategy, questions remain as to how quickly profit margins can recover.
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Mondelez beats first-quarter estimates on resilient demand, pricing strength

Mondelez beats first-quarter estimates on resilient demand, pricing strength

April 28 (Reuters) - Oreo-maker Mondelez International beat Wall Street estimates for first-quarter revenue and profit on Tuesday, helped by higher net pricing and resilient demand for its chocolates and biscuits. Shares of the Chicago-based company were up 2% after the bell. 
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Caterpillar forecasts higher annual revenue as power equipment benefits from AI buildout

Caterpillar forecasts higher annual revenue as power equipment benefits from AI buildout

April 30 (Reuters) - Caterpillar raised its annual revenue forecast after beating expectations for quarterly profit, as its power equipment business benefited from an AI infrastructure boom, while higher sales to dealers helped its construction unit.
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Mercedes-Benz Reports 17% Drop in Q1 Operating Profit Amidst Declining Sales

Mercedes-Benz Reports 17% Drop in Q1 Operating Profit Amidst Declining Sales

Mercedes-Benz Reports 17% Drop in Q1 Operating Profit Amidst Declining Sales
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Merck posts quarterly loss due to Cidara charge, sales rise 5%

Merck posts quarterly loss due to Cidara charge, sales rise 5%

By Deena Beasley April 30 (Reuters) - Merck & Co on Thursday reported a loss for the first quarter as an acquisition-related charge offset a 5% increase in product sales driven by cancer and respiratory drugs.
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Azenta Schedules Fiscal 2026 Q2 Earnings Call and Webcast for May 6

Azenta Schedules Fiscal 2026 Q2 Earnings Call and Webcast for May 6

Azenta Schedules Fiscal 2026 Q2 Earnings Call and Webcast for May 6
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Cardinal Health lifts annual profit forecast on strong demand for specialty drugs

Cardinal Health lifts annual profit forecast on strong demand for specialty drugs

April 30 Reuters) - Drug distributor Cardinal Health on Thursday raised its 2026 profit forecast range, betting on strong demand for costly specialty medicines and branded drugs at its pharmaceuticals unit.
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Federal Appeals Court Rejects Class Action Against Auto Insurers' Valuation Methods

Federal Appeals Court Rejects Class Action Against Auto Insurers' Valuation Methods

Federal Appeals Court Rejects Class Action Against Auto Insurers' Valuation Methods
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Spotify forecasts second-quarter profit below estimates, shares fall

Spotify forecasts second-quarter profit below estimates, shares fall

April 28 (Reuters) - Spotify forecast second-quarter earnings and premium subscribers below Wall Street estimates on Tuesday, a sign of slowing growth for the Swedish streaming giant in its major markets of Europe and North America. Shares of the company fell around 6% in premarket trading.
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Sherwin-Williams sees quarterly sales growth on price hikes amid Middle East conflict

Sherwin-Williams sees quarterly sales growth on price hikes amid Middle East conflict

April 28 (Reuters) - Paintmaker Sherwin-Williams on Tuesday forecast mid-single-digit sales growth for the second quarter, banking on price increases and contributions from recent acquisitions, even as demand remained soft across most end markets.