Ralph Lauren Earnings Climb on Higher Prices, Lower Cotton Costs

The luxury apparel and accessories company posted a profit of $129 million, or $2.03 a share, for the first three months of 2025, boosted by lower cotton costs.

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TD Bank Quarterly Earnings Buoyed by Sale of Schwab Stake

Toronto-Dominion Bank's earnings soared in the recent quarter thanks to the exit from its investment in Charles Schwab, though loan-loss provisions were on the rise and the bank cautioned the economic outlook had weakened in the wake of President Trump's tariffs.

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PepsiCo Is Pushing Back its Climate Goals. The Company Wants to Talk About It

The snacks and beverage giant's sustainability chief said the world when it set its targets "was a very different place."

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BJ's Wholesale Club Results Strengthen, Backs FY25 Outlook

The Marlborough, Mass., warehouse club said it recorded net income of $149.8 million, or $1.13 a share, for the first quarter ended May 3, up from $111 million, or 83 cents a share, in the prior-year period.

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Lenovo Well-Placed to Tackle Tariff Risks, CEO Says

U.S. tariffs on China caught Lenovo off-guard but the company will be faster and better at adjusting to tariff shifts than its competitors, Yang Yuanqing said.

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Rio Tinto CEO Jakob Stausholm to Step Down

During his nearly five-year stint at the helm of the world's second-biggest miner, Rio Tinto has sought to repair its reputation with investors and communities.

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Advance Auto Parts Maintains 2025 Outlook

Advance Auto Parts maintained its outlook for the year while reporting better-than-expected results in its latest quarter.

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Honeywell to Buy Johnson Matthey's Catalyst Unit For $2.4 Billion

The U.S. industrials conglomerate agreed to buy Johnson Matthey's catalysts unit, lifting shares in the British platinum refiner.

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ProSiebenSat.1 Urges Shareholders Reject MFE Takeover Bid

The offer price is around 18% below the closing price of May 21 and the group said the bid didn't reflect its future prospects.

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Tesla Stock Drops. The ‘Big Beautiful Bill' Is Big Trouble and There's Another Vote to Watch.

A controversial senate vote on Thursday could impact Tesla's ability to generate hundreds of millions of dollars per quarter by selling zero emission vehicle credits.

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Generali's Profit Beats Views on Property-and-Casualty Strength

The Italian insurer reported better-than-expected profit for the first quarter, driven by the performance of its property-and-casualty division.

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What Sam Altman Told OpenAI About the Secret Device He's Making With Jony Ive

The idea is a "chance to do the biggest thing we've ever done as a company here," Altman told OpenAI employees Wednesday.

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Walmart to Cut 1,500 Corporate Jobs in Restructuring

The retailer is planning layoffs in a reorganization aimed at trimming its expenses and speeding up decision-making.

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Sanofi to Buy Vigil Neuroscience for About $470 Million

Sanofi has entered an agreement to acquire Vigil Neuroscience for approximately $470 million, adding a new investigational treatment for Alzheimer's disease to the French pharmaceutical company's pipeline.

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Nike to Sell Products on Amazon Following Five-Year Absence

A spokesperson for Amazon said the move will expand its selection for U.S. consumers beyond Nike inventory offered by independent sellers in the last several years.

(END) Dow Jones Newswires

May 22, 2025 09:00 ET (13:00 GMT)

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