BERLIN (Reuters) -German business morale unexpectedly fell in July, amid increasing pessimism about the performance of Europe's largest economy, a survey of around 9,000 managers showed on Thursday. The Ifo institute said its business climate index sank to 87.0 in July from 88.6 in June, compared with a reading of 88.9 forecast by analysts in a Reuters poll. The German...

MILAN (Reuters) -Stellantis pledged on Thursday to take steps to address problems in North American and elsewhere, including cutting output and prices, after the world's No. 4 carmaker delivered worse-than-expected first-half results, sending its shares down 10%. The company's performance in the first half of 2024 fell short of our expectations, CEO Carlos Tavares said in a statement. Adjusted operating...

04:07 AM EDT, 07/25/2024 (MT Newswires) -- STMicroelectronics ( STM ) reported fiscal Q2 earnings Thursday of $0.38 per diluted share, down from $1.06 a year earlier. Analysts polled by Capital IQ expected $0.35. Net revenue for the quarter ended June 29 was $3.23 billion, down from $4.33 billion a year earlier. Analysts surveyed by Capital IQ expected $3.27 billion....

July 25 (Reuters) - Airline group Air France KLM reported a 30% drop in quarterly operating profit on Thursday that was worse than analysts expected, citing unit costs and higher fuel prices that also exerted pressure on revenue across the broader sector. Operating profit in the second quarter decreased by 220 million euros to 513 million euros ($556.55 million) compared...