Lithia Motors Looks to Increase Profitability as Auto Sales Boom

Car dealership chain Lithia Motors Inc. is taking steps to boost its profitability, building out its e-commerce platform and expanding further into consumer lending, its finance chief said. Medford, Ore.-based Lithia has a five-year goal to generate $50 billion in annualized revenue

AstraZeneca Loses Money on Vaccine for Second Straight Quarter

LONDON— AstraZeneca PLC narrowed losses from its Covid-19 vaccine in the second quarter, but the shot continued to weigh on the drug giant’s earnings. The British-Swedish drugmaker pledged last year to distribute the shot at no profit during the pandemic. AstraZeneca Chief

Qualcomm Sees Path Out of Chip Shortage Stretching Into 2022

Qualcomm Inc. says its get-them-where-you-can approach to navigating the global semiconductor shortage is working, though the mobile-phone chip giant sees the supply crunch lasting into next year. Qualcomm, which supplies key circuitry in almost a third of new 5G handsets, has managed

Ford Posts Surprise Profit Amid Strong New-Car Market

Ford Motor Co. posted a surprise second-quarter profit and raised its earnings outlook for the year, saying it sees an easing to the computer-chip shortage that has hampered vehicle output for months. Ford said it expects to boost deliveries to dealerships globally

Samsung Profit Rises 73% as Memory-Chip Demand Surges

SEOUL— Samsung Electronics Co. offset relative weakness in smartphone shipments by capitalizing on another quarter of roaring demand for its memory chips. Samsung, the world’s largest smartphone and memory-chip maker, is considered an industry bellwether because it is both a major electronics

Samsung Profit Rises 35% as Memory-Chip Demand Surges

SEOUL— Samsung Electronics Co. offset relative weakness in smartphone shipments by capitalizing on another quarter of roaring demand for its memory chips. Samsung, the world’s largest smartphone and memory-chip maker, is considered an industry bellwether because it is both a major electronics

Rio Tinto Net Profit Jumps on Boom in Commodity Prices

SYDNEY— Rio Tinto PLC reported a record first-half net profit and more than tripled its midyear payout to shareholders, benefiting from a bull run in commodity prices that has stoked inflation expectations around the world. On Wednesday, the world’s second-largest mining company

Facebook's Ad Business Poised to Post Another Strong Quarter

Facebook Inc. is expected to post sharp growth in quarterly revenue and profit, fueled by robust digital ad spending, as it continues to face regulatory scrutiny over the size and influence of its platforms. The social-media company’s second-quarter earnings report, due Wednesday

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