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Lordstown Motors reports first quarterly profit on asset sale to Foxconn

(Reuters) -Lordstown Motors Corp on Thursday reported its first quarterly profit as the electric-vehicle firm benefited from the sale of certain assets including its Ohio assembly line to Taiwanese contract.

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ConocoPhillips sweetens shareholder returns by $5 billion as profit jumps

(Reuters) -ConocoPhillips on Thursday raised its planned annual shareholder returns by $5 billion after the U.S. oil producer’s quarterly profit beat estimates on surging energy prices, sending shares up 3%.

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Bombardier reports smaller loss, improved free cash on private jet demand

(Reuters) -Private jet maker Bombardier (OTC:BDRBF) Inc on Thursday reported a smaller second-quarter loss, helped by demand from wealthy travelers and lower interest expenses. Bombardier now expects 2022 free cash.

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Adidas posts 28% decline in Q2 operating profit despite sales increase

BERLIN (Reuters) – Adidas (OTC:ADDYY) on Thursday said operating profit fell by 28% in the second quarter to 392 million euros ($398.43 million), as results suffered from suspending business in.

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Toyota Q1 profit tumbles as supply constraints, costs bite

By Satoshi Sugiyama TOKYO (Reuters) -Toyota Motor Corp’s profit slumped a worse-than-expected 42% in its first quarter as the Japanese automaker was squeezed between supply constraints and rising costs. Operating.

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Beiersdorf posts 10.5% organic sales growth in H1, affirms outlook

BERLIN (Reuters) – Nivea owner Beiersdorf posted 10.5% organic sales growth in the first half of the year, it said on Thursday, affirming its guidance for the full year. First-half.

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Uber sells 7.8% stake in India’s Zomato for $392 million -sources

By Scott Murdoch and Aditya Kalra HONG KONG/NEW DELHI (Reuters) -Uber Technologies on Wednesday sold its 7.8% stake in Indian food delivery firm Zomato Ltd for $392 million via a.

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Truck maker Volvo Group plans to build battery plant

OSLO (Reuters) – Swedish truck maker Volvo Group plans to establish a large-scale production plant for battery cells, gradually building it up towards 2030 to meet a growing demand for.

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Nintendo Switch sales slump on chip shortage

By Sam Nussey TOKYO (Reuters) -Japan’s Nintendo Co Ltd (TYO:7974) sold 23% fewer Switch (NYSE:SWCH) consoles in the April-June quarter than a year earlier following chip shortages, it said on Wednesday. The.

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Just Eat reports shrinking core loss, maintains profitability forecasts

AMSTERDAM (Reuters) – Just Eat Takeaway.com, Europe’s largest meals delivery company, reported a smaller core loss for the first half of 2022 and revenue just below analysts’ forecasts. Revenue came.

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