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Gucci-Owner Kering Buys Stake in Valentino
The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed. Source link
Intel Returns to Profit as PC Rebound Lifts Chip Demand
The chip maker’s earnings surprise Wall Street after two consecutive quarters of record losses. Source link
Meta Takes Some Profitable Social Cues
The Facebook parent’s strong results and outlook set a better stage for the investment cycle. Source link
McDonald's Grimace Shake Trend Pays Off for Burger Chain
A meal celebrating the purple character helped drive sales after it went viral on TikTok. Source link
Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist
The German car giant said logistics bottlenecks are shifting from semiconductor shortages to transportation delays. Source link
Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic
Nestlé Raised Prices More Than 9% in First Half of the Year
The world’s largest packaged food company said price hikes boosted sales and profitability, joining other consumer goods companies. Source link
Mattel Needs Barbie's Movie Magic to Lift Toy Sales
Partnerships and marketing blitz aim to power company past decline in quarterly sales and earnings. Source link
Facebook Parent Meta Expected to Report Sales Growth as Turnaround Continues
The social-media giant has seen a surge after cutting costs and improving ad-targeting. Source link