(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…
TOKYO (AP) — Asian shares were mostly higher Wednesday ahead of a decision by the U.S. Federal Reserve on an interest rate increase to curb inflation. Oil prices rose more than $1 a barrel and U.S. futures were also higher. Stocks ended lower on Wall Street after an unexpectedly strong report on the job market…
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, a 39% bump buoyed by the higher global energy prices that have filled the kingdom’s coffers but helped fuel inflation worldwide. The oil firm’s profits will help fund the kingdom’s assertive…
By Julie Zhu HONG KONG (Reuters) -Asian shares advanced while bond yields eased slightly on Tuesday following mild losses on Wall Street as investors turned their focus to the U.S. Federal Reserve’s policy meeting this week for hints on what comes next. The central bank is all but certain to raise interest rates by 75…
By Hadeel Al Sayegh DUBAI (Reuters) -Saudi Arabian state oil producer Aramco said on Tuesday its third-quarter net income rose 39%, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts. Aramco’s net income rose to $42.4 billion for the quarter to Sept. 30 from $30.4 billion a year earlier, it said in…
