Panasonic Sees Flat Profits Amid Price Rises, Shortages
By Tim Kelly TOKYO (Reuters) – Panasonic Corp forecast on Wednesday flat operating profits this business year as component shortages…
May 2022
Toyota’s quarterly profit down on COVID parts crunch
TOKYO (AP) — Toyota’s profit declined 31% in the January-March quarter from the year before, but the Japanese automaker still…
Norway To Ramp Up Offshore Wind In Drive To Go Green
By Nora Buli OSLO (Reuters) – Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by…
Running Twitter may be much harder than Elon Musk thinks
On Tuesday, Elon Musk said he would reverse Twitter’s ban of former President Donald Trump, who was booted in January…
Philip Morris Bids $16 Billion For Swedish Match In Quest For Alternatives To Cigarettes
STOCKHOLM (Reuters) -Marlboro-maker Philip Morris International Inc (PMI) said on Wednesday it was making a recommended cash offer to buy…
Panasonic Keeps Profit Outlook Flat Amid Price Rises, Component Shortages
TOKYO (Reuters) – Panasonic Corp on Wednesday said it expects operating profit growth to be flat this business year as…
Asian shares track technology-led sell-off on Wall Street
Shares fell in Asia on Thursday after the release of worse inflation data than expected sparked heavy selling of technology…
Japan’s Takeda Forecasts Rebound Despite Full-year Profit Drop
TOKYO (Reuters) -Japan’s Takeda Pharmaceutical Co said on Wednesday its 12-month operating profit slid 9.5%, although the country’s largest drugmaker…
US inflation dips from 4-decade high but still causing pain
WASHINGTON (AP) — Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making…
Tesla Makes First Shipment Of Cars From Reopened Shanghai Plant – Media
(Fixes paragraph 2 spelling of Glovis Splendor) SHANGHAI (Reuters) -Tesla Inc sent out a shipment of 4,767 cars from its…