California-based Sempra Energy, a provider of energy and utility services, has announced its intention to sell a portion of its gas assets just weeks after a significant decline in its stock value. This initiative reflects the company’s aim to streamline its structure and refocus its efforts on its core business within the United States.

According to a recent statement from Mercedes-Benz Group AG $MBGAF, the company's profits are expected to be significantly lower this year, prompting the automaker to take measures to reduce production costs. In an increasingly competitive landscape and changing market demands, the company aims to improve its profitability.