Autoliv Inc. ( ALV ) shares are trading lower after the company reported worse-than-expected second-quarter FY24 earnings and lowered the outlook. The company reported a second-quarter FY24 sales decline of 1.1% year-on-year to $2.605 billion, missing the analyst consensus estimate of $2.74 billion. The company said it underperformed in the Americas and China, mainly due to lower light vehicle production...

07:52 AM EDT, 07/19/2024 (MT Newswires) -- (Adds statement from American Express ( AXP ) in fourth paragraph.) American Express' ( AXP ) local unit was fined 8 million Australian dollars ($5.4 million) for breaching design and distribution rules for two of its co-branded credit cards, the Australian Securities & Investments Commission said Friday. The country's Federal Court found that...

(Reuters) - Fifth Third Bancorp ( FITB ) reported a fall in second-quarter profit on Friday, as costlier deposits eroded the regional lender's interest income. Banks such as Fifth Third have been paying higher interest rates on deposits to retain customers chasing better returns elsewhere. Shares of the bank fell 1.7% in premarket trading. The surge in deposit costs has...

07:57 AM EDT, 07/19/2024 (MT Newswires) -- Crescita Therapeutics ( CRRTF ) has signed an exclusive agreement with a Canadian healthcare services provider to supply various sanitary products, including hand sanitizer, hand soap, and hand lotions to distribute to a network of publicly funded healthcare organisations. The agreement carries an initial term of five years with a three-year renewal option...