Breaking News
Jan 26, 2023
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Toyota Motor appointed Lexus President Koji Sato as the next chief executive of the company, after Akio Toyoda decided to step down and assume chairman role.
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Chevron Corp increased quarterly dividend by 6% to $1.51 a share payable on March 10 to shareholders on record February 16, 36th consecutive year of increase in annual dividend payout per share.
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Chevron Corp said its board authorized a new $75 billion stock repurchase program with no expiry date from April 1 after the ending of the $25 billion plan that will be completed at the end of March.
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CSX Corp said fourth quarter revenue increased 9% to $3.73 billion and net income increased 9% to $1.0 billion from $934 million and earnings per share rose 17% to 49 cents from 42 cents a year ago.
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The U.S. economy expanded at 2.9% annual pace in the fourth quarter, slower than 3.2% in the third quarter, the BEA said in a preliminary report. 2022 GDP rose 2.1% following a 5.9% rise in 2021.
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U.S. durable goods orders soared 5.6% in December from previous month and orders, largest increase since July 2020. Transportation orders increased 16.7% and orders excluding transportation fell 0.1%.
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U.S. weekly jobless claims fell 6,000 from upwardly revised previous week to 186,000 in the week ending January 21, the lowest since April and the 4-week moving average fell 9,250 to 197,000.
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U.S. new home sales in December rose for the third month in a row to 616,000 annual pace but plunged 26.6% in 2022 to 644,000, the lowest level in four years.
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UK car production fell 9.8% in 2022 to 775,014 units with 78% production exported. Domestic demand rose 9.4% to 168,176 and exports fell 14% to 606,838 units. EV and hybrids account for 30% of total.
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SAP said revenue in the December quarter increased 6% to €8.4 billion and net income plunged 77% to €332 million and diluted earnings per share dropped 66% to 47 cents from €1.23 a year ago.
