Regeneron Quarterly Profit Drops 46%
(Reuters) – Regeneron Pharmaceuticals Inc reported an about 46% plunge in its fourth-quarter profit on Friday, hurt by a drop in…
February 2023
Kering Recruits Estee Lauder Exec For Push Into Cosmetics
By Mimosa Spencer PARIS (Reuters) – French luxury goods group Kering said on Friday it was entering the cosmetics business,…
ECB Set To Raise Rates Again In May, Policymakers Say
VILNIUS/PRAGUE (Reuters) – The European Central Bank is likely to raise interest rates again in May after an already signalled…
Chinese New Year Slows Volvo Cars’ Sales Growth In January
STOCKHOLM (Reuters) -Sweden-based Volvo Car AB said on Friday its sales increased by 2% year-on-year in January to 48,520 cars,…
Billionaire Cohen Builds Stake In Nordstrom, Urges Board Shakeup
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire investor Ryan Cohen is building a large stake in Nordstrom Inc and…
Qualcomm Sees Earnings Below Street As Smartphone Market Sags
By Chavi Mehta and Jane Lanhee Lee BANGALORE/OAKLAND Calif (Reuters) – Qualcomm Inc forecast second-quarter revenue and profit below Wall…
South Korea Braces For Tough H1, Promises Support For Exports, Investment
SEOUL (Reuters) – South Korea’s finance minister said on Friday the country’s exports and investment would be weak at least…
Alphabet Misses Street Estimates As Ad Business Slips After Pandemic Run-up
By Unknown f70e0fa1-f662-4c5f-a841-bbe5694475cb and Nivedita Balu (Reuters) -Alphabet Inc on Thursday fell short of Wall Street expectations for fourth-quarter profit…
Marketmind: Communication Breakdown
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed, ECB,…
Gautam Adani In Talks To Prepay Share Pledges To Boost Confidence – Bloomberg News
(Reuters) -Adani Group Chairman Gautam Adani is in talks with lenders to prepay and release pledged shares as he seeks…