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Meta joins a list of corporations that have settled cases for billions of dollars
Associated Press9d agoneutral
Meta joins a list of corporations that have settled cases for billions of dollars

Oil giant BP agreed to pay $20 billion for the Deepwater Horizon disaster that became the worst offshore spill in the nation’s history. The settlement, first announced in 2016, included $5.5 billion in civil Clean Water Act penalties and billions more to cover environmental damage and other claims by the five Gulf states and local governments. Twenty-four Enron executives, including former CEO Jeffrey Skilling, were convicted for their roles in the fraud.

Financial Services Roundup: Market Talk
The Wall Street Journal9d agoneutral
Financial Services Roundup: Market Talk

Find insight on European banks, Scotiabank, National Bank of Canada and more in the latest Market Talks covering financial services.

💬Money Quote: Intuit CFO
The Wall Street Journal9d agoneutral
💬Money Quote: Intuit CFO

📣 "We are well aware that there is a price-to-value disconnect with certain customers in TurboTax." —Sandeep Aujla, CFO of Intuit, in an interview with the Journal. The company is considering offering a free version of its tax-preparation software in a bid to win over new customers.

JM Smucker Rises on Outlook; Intuit Down on Full-Year Forecast | Stock Movers
Bloomberg9d agoneutralVIDEO
JM Smucker Rises on Outlook; Intuit Down on Full-Year Forecast | Stock Movers

On this episode of Stock Movers: - Intuit (INTU) shares are down after the tax-preparation software company gave a full-year forecast for both adjusted earnings and revenue that was weaker than expected. - Abercrombie & Fitch (ANF) is climbing as it raised its outlook for the year after logging higher second-quarter profit and sales, driven by improving demand across multiple geographies. - JM Smucker (SJM) shares are rising as it raised its full-year outlook for sales and profit, buoyed by growth in its Uncrustables sandwiches and coffee.

Bath & Body Works Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Bath & Body Works Q2 Earnings Call Highlights

Bath & Body Works (NYSE:BBWI) reported second-quarter results that exceeded its prior outlook, though sales remained under pressure as the retailer invests in product innovation, marketing, digital capabilities and expanded distribution to support a planned return to revenue growth in 2027. Net

Abercrombie & Fitch Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Abercrombie & Fitch Q2 Earnings Call Highlights

Abercrombie & Fitch (NYSE:ANF) reported record second-quarter fiscal 2026 net sales of $1.27 billion, up 5% from a year earlier, as growth across regions and brands exceeded the company’s prior outlook. The retailer also raised its full-year sales, operating-margin and earnings-per-share expecta

Li Auto Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Li Auto Q2 Earnings Call Highlights

Li Auto (NASDAQ:LI) reported a second-quarter net loss as revenue and vehicle margins declined from a year earlier, while management outlined plans for new battery-electric vehicle launches, continued investment in proprietary technology and expansion into overseas markets. Total revenue for the se

Anthropic Says Its Market Is $30 Trillion, Same As US GDP
24/7 Wall St.9d agoneutral
Anthropic Says Its Market Is $30 Trillion, Same As US GDP

Anthropic is pitching investors a revenue number so large it strains belief, but buried beneath the headline figure lies a tangle of risks involving overbuilt data centers, geopolitical threats, and an AI economy that could ultimately devour the very consumers it depends on.