German luxury car manufacturer Daimler is predicting a significant rise in operating profit this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles. As Sara Hemrajani reports, a product offensive is also helping French carmaker PSA.
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
You won't believe the amount of money that the bottler intends to return to shareholders.
Over the past six years, billionaire Bill Gates has spent more than $113 million purchasing Nebraska farmland and has taken out two loans totaling $700 million against it. Gates owns about 20,000 acres of farmland in Nebraska, where longtime friend and fellow billionaire Warren Buffett resides. The farmland is held by more than 20 shell companies. Why would one of the world's richest people need to take out a loan? Many high-net-worth individuals borrow against their assets if they need money th
Prepare yourself for a big shock.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, were down more than 14% to $21.56 in midday trading Tuesday. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.
While a high yield today is great, finding companies that consistently increase dividends can provide greater returns in the long run. These four companies just took steps to reward their shareholders with higher payouts, demonstrating a commitment to ...
The industrial giant has taken the right actions in cutting its dividend and clarifying its legal issues, and it is now fully in restructuring mode.
The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension.