(Refiles to remove media from headline) TOKYO (Reuters) -Toyota Motor Corp plans to produce a record 11 million cars in fiscal 2022, according to a person familiar with the matter. Hitting that production target would depend on a stable supply of chips, the person said. The Nikkei newspaper earlier reported on the production plan. A…
Credit card company American Express said Tuesday that its fourth-quarter profits rose 20% from a year earlier, as eager consumers spent record levels of money during the holiday season on the company’s namesake cards. AmEx posted a profit of $1.72 billion, or $2.18 a share, up from $1.44 billion, or $1.76 a share, a year…
Growing prescription drug and medical device sales nudged Johnson & Johnson past fourth-quarter earnings expectations, and the health care giant’s COVID-19 vaccine gained momentum as well. J&J’s one-shot vaccine rang up $1.62 billion in sales in the last quarter of 2021, or more than double what it had recorded before the quarter, as drugstores and…
By Mike Stone WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC), which assesses mergers to ensure they comply with antitrust law, has informed Lockheed Martin that its planed purchase of Aerojet Rocketdyne will raise antitrust concerns, the company said on Tuesday. The FTC told Lockheed that “concerns regarding the transaction cannot be adequately addressed by…
An art installation inspired by Vice President Kamala Harris, The New York Times’ “The 1619 Project” and “The Daily Show with Trevor Noah,” as well as charitable programs from Airbnb, Google, PayPal and the National Football League, are among the finalists for the inaugural Anthem Awards announced Tuesday. The awards — presented by The International…
(Reuters) -Global grain trader Archer-Daniels-Midland Co reported a fourth-quarter profit on Tuesday that rose nearly 14%, helped by strength at its carbohydrate solutions and nutrition units. The company said it plans to raise dividend by 8% to 40 cents per share. The commodity trader’s results offer a look into how the world’s biggest grain traders…
LONDON (Reuters) – Climate change played a part in insured losses from natural catastrophes that totalled $130 billion globally in 2021, the fourth-highest on record, broker Aon said in a report on Tuesday. Economic losses – the combination of insured and uninsured losses – reached $343 billion, Aon said in the report which it publishes…
By Dominique Vidalon PARIS (Reuters) -Remy Cointreau is confident demand for its premium cognac in China, the United States and Europe will underpin profit growth this year after the French spirits group beat third-quarter sales forecasts. The maker of Remy Martin cognac and Cointreau liquor was slightly more cautious, however, on prospects for Chinese New…
ISTANBUL (AP) — Rescue crews in Istanbul and Athens dug through snow and ice Tuesday to clear paralyzed roads and rescue people stranded overnight in their cars after snowstorms and a massive cold front brought much of Turkey and Greece to a standstill. Two storm-related deaths were reported. Highways and roads in Istanbul became clogged…
By Clare Jim HONG KONG (Reuters) -Chinese state-owned property firms are expected to acquire more assets from cash-strapped private developers, analysts said, as Beijing steps up efforts to stabilise and tighten control over a crisis-hit sector that accounts for a quarter of its economy. The market has seen over half a dozen deals in recent…
