(Reuters) - AutoZone ( AZO ) beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models. Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts ( AAP ) and O'Reilly Automotive, rose 3.5%...

LONDON (Reuters) -Shell shareholders on Tuesday rejected a resolution filed by a group of investors urging the energy company to set tougher climate targets. The vote came after Shell CEO Wael Sawan weakened a 2030 carbon reduction target in March, citing expectations for strong gas demand and uncertainty in the energy transition, while focusing on more profitable operations, mainly in...

08:18 AM EDT, 05/21/2024 (MT Newswires) -- Ares Management ( ARES ) is targeting over $750 billion in assets under management by 2028, the company said Tuesday. Realized income will likely increase at a faster rate than fee-related earnings over the next five years, assigning 2028 midpoint targets to the two categories of $3.50 billion and $2.65 billion, respectively, Ares...

08:17 AM EDT, 05/21/2024 (MT Newswires) -- Stellantis ( STLA ) plans to expand its factory in Brazil's Betim to produce electric vehicles developed in partnership with China's Zhejiang Leapmotor Technologies, media reported Monday, citing Emanuele Cappellano, Stellantis' ( STLA ) chief operating officer for South America. Cappellano told reporters that annual capacity at the Minas Gerais state factory will...