business
AB Foods Says Primark Sales Growth Missed Expectations
Primark’s stronger performance in the U.K. was partly offset by weaker sales in continental Europe. Source link
Chinese EV Maker NIO Will Enter Australia and New Zealand Markets This Year
Chinese automaker NIO will enter the Australian and New Zealand markets this year as the company presses its overseas expansion amid intensifying competition in China’s auto market Source link
Trump Team Works Up Sweeping Plan to Control Venezuelan Oil for Years to Come
The U.S. president believes the effort could lower oil prices to his target price of $50 a barrel. Source link
Cuba Is Already on the Brink. Maduro’s Ouster Brings It Closer to Collapse.
Cubans are speculating about whether their government will be the next to fall, with Venezuelan oil imports now in jeopardy. Source link
Consumers Love Cheap Gas, but the Oil Patch Will Pay the Price
Increased supply from Venezuela could help drivers at the pump—but it might strain the industry. Source link
Trump Orders Crackdown on Defense Industry Stock Buybacks
In an executive order, the president will seek to cap defense bosses’ pay and demand that contractors invest in production capacity. Source link
The U.S. Pumps More Crude Than Anyone Else. Here’s Why It Wants Venezuela’s Too.
While the shale drilling boom has unleashed a flood of oil from places like West Texas and North Dakota, it is often not the right kind of crude for American refiners. Source link
DuPont’s Decade of Restructuring Yields Meager Returns
Spinoffs meant to boost shareholder value have left the company trailing the broader market. Source link
Samsung Electronics Expects Record Fourth-Quarter Profit Beat
The world’s largest maker of memory chips and smartphones has benefited from a surge in chip prices over the past year amid increasing AI adoption. Source link
Warner Discovery Rejects Paramount’s Amended Hostile Bid
Warner told shareholders to back its existing deal with Netflix, saying the Paramount deal isn’t “even comparable.” Source link