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Independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are expected to post near-record earnings for the June quarter. The piece also says war-related supply disruptions have tightened global energy markets.
Microsoft's Xbox is creating a new unit, XP, to extend its franchises into film, television, consumer products, creator partnerships and live experiences. The company said the effort is meant to grow fan bases around its videogame properties.
Aritzia lifted its full-year revenue outlook after U.S. sales rose 60% to C$779.4 million in fiscal second quarter.
Aritzia raised its full-year revenue outlook after U.S. sales rose 60% to C$779.4 million in its fiscal second quarter. The company said U.S. growth accelerated in the period.
Aritzia raised its revenue expectations for fiscal 2027 after stronger U.S. sales supported higher profit and revenue. The Canadian retailer said the new outlook implies revenue growth of 29% to 32% from the prior year.
Dow Jones’ 5 p.m. ET roundup highlights a series of company updates, including Microsoft’s new Xbox unit, PepsiCo’s outlook cut, Viatris’ planned Pacira BioSciences acquisition and Samsung’s profit outlook.
Dow Jones Newswires listed a series of corporate and regulatory headlines, including Microsoft, PepsiCo, Devon Energy, Viatris and Samsung. The package also included legal, production and deal updates across several companies.
PepsiCo cut its full-year earnings outlook as inflation, higher advertising costs and continued weakness in North America weighed on results. The company said it is working to reduce expenses and revive sales.
PepsiCo cut its full-year earnings outlook, citing inflation, higher advertising costs and continued weakness in North America. The company said it is working to reduce expenses and revive sales.
Microsoft said Xbox is creating a new division, XP, to extend its franchises into film and television and other consumer-facing projects. The unit will be led by Kayleen Walters, with Maria Angelidou-Smith taking over as CEO of Mojang.
Microsoft is forming a new Xbox division, dubbed XP, focused on extending Xbox franchises into film and television as the video game unit continues turnaround efforts.
Microsoft said it is creating a new Xbox division, dubbed XP, to extend its gaming franchises into film and television, consumer products, brand/creator partnerships, and live experiences.
Microsoft says its Xbox unit is forming a new division, dubbed XP, to extend gaming franchises into film and television, live events, and brand partnerships.