Business

VW to close most European plants 'for two to three weeks'

German auto giant Volkswagen said Tuesday it was preparing to shutter most of its European plants, joining a slew of other carmakers as the coronavirus pandemic disrupts supply chains and sends demand plummeting.

Business

Renault risks 'junk' credit rating, S&P warns

French automaker Renault could see its main long-term credit rating cut to below investment grade by Standard and Poor's, the agency said Wednesday, just days after Moody's lowered its own rating to "junk" status.

Business

Furious shareholders blast Nissan bosses

Shareholders livid about the performance of struggling Japanese car giant Nissan on Tuesday blasted bosses over dividends, executive pay, the stock price, and even the type of vehicle they use.

Automotive

Renault reports first net losses in decade for 2019

French carmaker Renault said Friday it went into the red last year for the first time in a decade on lower sales and a falling contribution from its Japanese partner Nissan.

Business

Alibaba earnings surge 58 pct on 'Single's Day' boost

Chinese e-commerce leader Alibaba said Thursday that net profit increased 58 percent in the latest quarter, citing another record "Single's Day" sales promotion in November and growth in cloud computing.

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Profit

Profit generally is the making of gain in business activity for the benefit of the owners of the business. The word comes from Latin meaning "to make progress," and is defined in two different ways, one for economics and one for accounting.

Profit may also refer to:

Profit is the surname of the following people:

This text uses material from Wikipedia, licensed under CC BY-SA