Commerzbank AG CBK, -3.98% said Wednesday that it beat expectations for second-quarter profit and revenue on customer demand and rising interest rates, as it drives forward with a cost-cutting program. Read more
Tag: cutting
Best Buy adds to retailer woes, cutting outlook as end of PC boom takes its toll
The end of a boom in personal-computer sales is landing on Best Buy Inc.’s financial statements. The electronics retailer warned investors Wednesday afternoon that it will not hit financial targets Read more
Klondike says cutting Choco Taco was a ‘very tough decision’
Apparently, the Choco Taco was no match for a Klondike bar. Klondike, the Unilever UL, +2.95% ice-cream brand behind the Choco Taco, has discontinued making the once-popular treat that resembles, Read more
Fearing a windfall tax, this oil company is cutting gasoline prices at its pumps.
Windfall taxes on oil companies are the talk around the world as consumers grapple with high energy costs. France’s TotalEnergies TTE, -0.36% is trying to head one off by committing Read more
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