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IPO laggards’ race to the bottom misses the target

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IPO laggards’ race to the bottom misses the target

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing Rights MILAN, Nov 10 (Reuters Breakingviews) – Italy is scrambling to make its … Read more

Daimler Truck hits double-digit return on sales in industrial business

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Daimler Truck hits double-digit return on sales in industrial business

BERLIN, Aug 1 (Reuters) – Daimler Truck (DTGGe.DE) achieved a record adjusted return on sales in its second quarter of 10.3% for its industrial business making trucks and buses, the company said on Tuesday, boosted by considerable growth in its North America and Asia business. Unit sales rose by 9% with revenue up 15%, indicating … Read more