Business

Mattel reiterates annual forecasts, misses quarterly profit estimate on higher costs

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Mattel on Tuesday topped analysts' estimates for second-quarter revenue and reaffirmed its annual forecasts, but profit fell short as tariff-related costs squeezed the toymaker's margins. Quarterly revenue was lifted by resilient demand and its expanding entertainment portfolio, including films such as... Read More.

Emerson Electric beats quarterly estimates on robust automation demand

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - Emerson Electric posted third-quarter profit and revenue above Wall Street expectations on Tuesday, as demand for industrial automation in North America and Asia remained robust. The company benefited from strong demand for its automated, software-connected test and measurement systems, which help... Read More.

BUSINESS HEADLINES

Tuesday, August 4 by SRN News

US stocks hit records as profits keep piling up for Palantir and others, while oil prices ease NEW YORK (AP) - The U.S. stock market rallied to records as companies kept piling up profits and oil prices eased. The S&P 500 shot up 1.8% Tuesday,... Read More.

The Media Line: Ireland’s Boycott of Israeli Defense Firms Leaves New Government Jet Without Key Landing System

Tuesday, August 4 by SRN News

Ireland's Boycott of Israeli Defense Firms Leaves New Government Jet Without Key Landing System By The Media Line Staff Ireland's decision to exclude an Israel-made landing system from its new €53 million government aircraft after adopting a policy against... Read More.

Big oil companies continue to post banner profits as fighting in Iran drives prices higher

Tuesday, August 4 by SRN News

NEW YORK (AP) - Big oil companies continue to book massive profits as fighting in Iran disrupts energy markets and sends oil and gasoline prices sharply higher. Six of Europe's largest oil companies posted combined first-quarter profits of $22 billion, more than 40% higher... Read More.

The Media Line: Israeli Agricultural Expertise Helps Cultivate Tanzania’s Growing Wine Industry

Tuesday, August 4 by SRN News

Israeli Agricultural Expertise Helps Cultivate Tanzania's Growing Wine Industry Tanzania is East Africa's only commercial wine producer and has favorable conditions for expanding grape cultivation By Keren Setton / The Media Line On the rolling hills outside Dodoma,... Read More.

Marathon Petroleum’s profits surge on big refining margin boost

Tuesday, August 4 by SRN News

By Nicole Jao and Arunima Kumar NEW YORK, Aug 4 (Reuters) - U.S. refiner Marathon Petroleum on Tuesday reported second-quarter profit jumped four-fold to $5.14 billion, topping analyst estimates as prolonged disruptions to crude supplies through the Strait of Hormuz doubled refining margins. U.S. refiners have... Read More.

FTC takes closer look at Cencora-Covetrus animal health merger, Bloomberg News reports

Tuesday, August 4 by SRN News

Aug 4 (Reuters) - The U.S. Federal Trade Commission is taking a closer look at a proposed $3.5 billion acquisition that would combine two of the leading national suppliers of veterinary products, Cencora's MWI Animal Health and privately held Covetrus, Bloomberg News reported on... Read More.

Utility’s idle transmission tower caused 2025 Eaton fire that killed 19, Los Angeles officials say

Tuesday, August 4 by SRN News

LOS ANGELES (AP) - Sparks from an idle transmission tower owned by Southern California Edison caused the 2025 Eaton fire in the Los Angeles area that killed 19 people and destroyed more than 9,400 homes and businesses, Los Angeles County fire officials said in... Read More.

McDonald’s names company veteran as new US head after sales miss

Tuesday, August 4 by SRN News

By Waylon Cunningham Aug 4 (Reuters) - McDonald's replaced the head of its U.S. business on Tuesday after the company missed second-quarter U.S. sales-growth expectations, blaming what its CEO called execution lapses that blunted a drive to bring back low-income consumers who have cut back... Read More.

Current Weather

Mattel reiterates annual forecasts, misses quarterly profit estimate on higher costs

Emerson Electric beats quarterly estimates on robust automation demand

BUSINESS HEADLINES

The Media Line: Ireland’s Boycott of Israeli Defense Firms Leaves New Government Jet Without Key Landing System

Big oil companies continue to post banner profits as fighting in Iran drives prices higher

The Media Line: Israeli Agricultural Expertise Helps Cultivate Tanzania’s Growing Wine Industry

Marathon Petroleum’s profits surge on big refining margin boost

FTC takes closer look at Cencora-Covetrus animal health merger, Bloomberg News reports

Utility’s idle transmission tower caused 2025 Eaton fire that killed 19, Los Angeles officials say

McDonald’s names company veteran as new US head after sales miss

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