Nissan Motor revises its fiscal forecast, slashing operating profit by 14.5% to 530 billion yen from 620 billion yen. With a lowered revenue outlook of 12.6 trillion yen, the carmaker adjusts sales volume to 3.44 million units, down from 3.55 million.
Amid WeWork's bankruptcy woes, Adam Neumann seeks control with a $600 million offer through Flow. The battle intensifies as creditors weigh options amidst cash shortages and leadership skepticism.
American Express Co’s (NYSE:AXP) first-quarter revenue (net of interest expense) grew 11% year-on-year to $15.80 billion, marginally beating the consensus of $15.79 billion. The increase was primarily due to higher net interest income and increased Card Member spending. EPS of $3.33 beat the consensus of $2.95. Card Member spending or Billed Business grew 6% Y/Y to $367 million. Also Read: Mastercard Set to Increase Credit Card Fees, Adding Millions in Costs for Retailers After Visa Settlement U