By Michael Hogan HAMBURG (Reuters) -Chicago wheat and corn futures fell on Tuesday as grain shipments continued from Ukraine despite Russia suspending its participation in an export agreement for a safe shipping channel from Ukrainian ports. Soybeans rose on hopes of more U.S. export sales to China, while protests were eyed in Brazil – including…
TOKYO (AP) — Sony said Tuesday its quarterly profit through September rose 24% on healthy demand for its music and movies, prompting the Japanese entertainment and electronics giant to raise its annual sales and profit forecasts. Tokyo-based Sony’s July-September profit totaled 264 billion yen, or $1.8 billion, up from 213 billion yen in the previous…
LONDON (AP) — BP’s earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine. Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $8.15 billion from $3.32 billion in the same…
Johnson & Johnson is spending more than $16 billion to move deeper into treating heart disease and continue a shift started last year away from its consumer health roots. The health care giant said Tuesday that it will buy the cardiovascular technology company Abiomed, which makes a heart pump used on patients with severe coronary…
(Corrects spelling of company in first paragraph) (Reuters) – Johnson & Johnson said on Tuesday it will acquire medical technology provider Abiomed Inc for an upfront payment of $380 per share in cash, corresponding to an enterprise value of nearly $16.6 billion. (Reporting by Raghav Mahobe in Bengaluru; Editing by Shounak Dasgupta)
TOKYO (AP) — Toyota said Tuesday that its profit fell 31% in the last quarter as a shortage of computer chips offset foreign exchange gains from a weaker yen. Toyota Motor Corp.’s quarterly profit through September totaled 434 billion yen, or $2.9 billion, down from nearly 627 billion yen a year earlier. The maker of…
By Shreyashi Sanyal (Reuters) -European shares jumped on Tuesday, boosted by miners and luxury stocks, amid rising hopes that the U.S. Federal Reserve would slow down the pace of its interest rate hikes next month. The pan-European STOXX 600 index rose 1.2% by 0905 GMT, kicking off November on a solid footing and hovering at…
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP more than doubled its third-quarter profit from a year earlier to $8.15 billion, lifted by strong natural gas trading, as it expanded its share buybacks by $2.5 billion amid rising calls to increase taxes on the energy sector. The London-based company joins rivals including Shell,…
LONDON (Reuters) – BP reported on Tuesday a third quarter profit of $8.15 billion, which easily beat expectations, boosted by very strong natural gas trading as the company announced another $2.5 billion in share repurchases BP’s third-quarter underlying replacement cost profit, the company’s definition of net income, compared with forecasts of a $6 billion profit…
BEIJING (AP) — Visitors to Shanghai Disneyland were temporarily blocked from leaving as part of virus testing that extended to more than 400,000 people, the city government announced Tuesday. The park closed Monday for testing of staff and visitors, Walt Disney Co. and the government said in separate statements. The city health bureau said guests…
