Category: Business
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Jamie Dimon’s Right-Hand Man Announces Retirement at JPMorgan
Piepszak, who’s taking over as COO, has signaled that she doesn’t want to take the top job at the bank, people close to her said
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Google Comes Under U.K. Investigation Over Search Services
It will be the first investigation under a new digital markets competition regime that could force the company to change its conduct.
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DirecTV Pursues Sports Fans With New, Slimmer Streaming Bundle
The MySports package includes access to many major sports, but some holes remain.
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Eli Lilly Cuts Sales Outlook After Sluggish Growth for Incretin Drugs
Eli Lilly cut its outlook for fourth-quarter revenue citing sluggish growth in the market for incretin, which increases insulin levels.
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Porsche Expects Challenges to Continue as Car Deliveries Fell in China
The carmaker reported a drop in 2024 car deliveries with weakness in China offsetting growth in other markets, and said the year ahead is likely to remain tough.
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Lululemon Raises Quarterly Revenue, Profit Targets
Lululemon athletica said it now expects revenue and profit to be higher than previously thought for the fourth quarter as shoppers flocked to its stores over the Christmas and holiday period.
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BMW Sales Fall on Technical Issues, Weak China Demand
BMW group sales fell 4% in 2024 as the German automaker was hit by technical issues and subdued demand in China.
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America’s Bourbon Boom Is Over. Now the Hangover Is Here.
After years of rising sales, distillers are contending with waning demand and a glut of supply.
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Norwegian Air Cuts Guidance on Weaker Domestic Currency
Norwegian Air Shuttle cut its full-year earnings guidance as it expects costs to increase due to a weakening of the Norwegian krone against the U.S. dollar during the fourth quarter.
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London’s Heathrow Had Record 2024
Passenger traffic hit a record in 2024, helped by a bumper December and holiday travel season, with 3 million more passengers than in the previous record of year of 2019.