Target Corporation, one of the country's top retailers, announced that its revenue for 2021 will hit a new high of $106 billion. According to the firm, the amount has increased by more than 35% in the last two years. Last year's net income was $8.9 billion, up 36% from the previous year. The company attributed its outstanding performance to a rebound in consumer activity following the COVID-19...

BP's stock dropped more than 8% in premarket trading, the biggest loss in three months. In pre-market trading on Monday, February 28, shares of oil and gas company BP were down more than 8%. According to Bloomberg, it's the greatest loss in three months. Later, the company’s shares were trading at $28.7, down 6.61 percent from Friday's closing price. According to Bloomberg, BP was unable to...

According to Warren East, the business's executive director, the British manufacturer will temporarily stop buying Russian titanium, which is used to make aircraft engines. "Over the last few months, we've been bolstering our supply (of titanium) and accumulating Russian raw materials... We can acquire titanium from other places, and we don't expect to import titanium from Russia for a while",...

Alibaba Group shares plunged more than 4% to an all-time low of HK$108.9 February 22, after Bloomberg reported a new round of government pressure on the company. The country’s authorities have instructed the country's largest state-owned firms and banks to re-examine their financial relationships with Ant Group, Alibaba’s related copany, according to the agency. "Numerous authorities, including...

Nestle SA, one of the world's biggest food and beverage makers, saw its net profit rise 38.2 percent to 16.9 billion Swiss francs ($18.3 billion) in 2021, the company said in a report. Diluted earnings per share were 4.42 Swiss francs ($4.77) compared with 4.29 francs ($4.63) a year ago. Revenue rose 8.3 percent to 87.088 billion francs ($94.1 billion). At the same time, the company points out...

Meta (formerly Facebook) received permission to buy chatbot developer Kustomer for $1 billion. The deal was announced back in November 2020, but was thwarted by a lawsuit from authorities accusing the company of monopoly. Billionaire Mark Zuckerberg's company Meta (formerly Facebook) received approval to buy U.S. startup Kustomer, a developer of chatbots and customer interaction platforms. It was...

U.S. Intel is buying Israeli semiconductor maker Tower Semiconductor for $5.4 billion, Intel said in a statement. "Intel and Tower Semiconductor, a manufacturer of analog semiconductors, today announced a definitive agreement under which Intel will acquire Tower for $53 per share, bringing the total enterprise value to about $5.4 billion," the statement reads. The deal was unanimously approved...

The Peruvian authorities have fined the Spanish company Repsol for $120,000 in connection with an oil leak at its refinery, the Peruvian Ministry of the Environment reported. This week, Repsol begins the final cleanup after an oil spill off Peru's coast. A fine is reportedly being imposed for failure to clean up the oil spill. "Environment Minister Modesto Montoya has inspected the work...

Shares of Swiss bank Credit Suisse fell 9.29 percent Thursday, Feb. 10, after it reported a loss in 2021 caused by increased provisions for litigation. The bank's shares were at $9.08 a share at the close of trading and lost nearly a dollar in value, rising to $9.1 in the post-market. The bank's stock has fallen more than 27 percent in the past 12 months, CNBC noted. Credit Suisse announced...