03:12 AM EDT, 07/23/2024 (MT Newswires) -- Richard M Schulze, Chairman Emeritus, on July 18, 2024, sold 1,600,000 shares in Best Buy ( BBY ) for $141,427,672. Following the Form 4 filing with the SEC, Schulze has control over a total of 16,433,751 shares of the company, with 16,433,751 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/764478/000122520824007525/xslF345X03/doc4.xml Price: 88.01, Change: -0.95, Percent Change:...

(Reuters) -Porsche AG cut its sales and profitability outlook due to an unexpected aluminium alloy supply shortage, sending shares in the German sports car maker 5% lower on Tuesday. Flooding at an unnamed European contractor has hit supply of the alloy, Porsche AG said in a statement overnight, affecting production of all its models, adding it could possibly lead to...

TOKYO, July 23 (Reuters) - Toyota Motor ( TM ) said on Tuesday it would launch an 807 billion yen ($5.16 billion) tender offer for its own shares. Toyota ( TM ) will offer 2,781 yen per share from July 24 to Aug. 26, the company said in a statement. Separately, Sumitomo Mitsui Financial Group ( SMFG ), Tokio Marine...

BERLIN (Reuters) -When Volkswagen Group last month invested $5 billion in U.S. electric truck-and-SUV maker Rivian, the startup's shares soared on the cash infusion. And Volkswagen's stock dropped 1.6%. Some analysts praised the creation of a Volkswagen-Rivian joint venture to help the German giant with software. But the investment raised cost concerns and reinforced how Volkswagen's problems in critical areas...