(Reuters) – Walgreens Boots Alliance said on Thursday Chief Financial Officer James Kehoe will step down in mid-August to pursue an opportunity in the technology sector. The company named Manmohan Mahajan, who joined in 2016 and was previously global controller at the pharmacy chain, as interim global finance head while it conducts a search to…
By Michael Erman (Reuters) -Bristol Myers Squibb on Thursday said its second-quarter sales fell more than expected and cut its full-year forecasts as two of its top drugs, the blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition. The company said sales of Revlimid and another blood cancer drug Pomalyst were also hurt…
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets fell while the U.S. dollar gained on Thursday following news of stronger-than-expected U.S. economic growth despite consecutive interest rate hikes from the Federal Reserve and European Central Bank. U.S. gross domestic product (GDP) increased 2.4% in the second quarter, Commerce Department data on Thursday showed, beating…
By Laura Matthews NEW YORK (Reuters) – The dollar strengthened against the euro on Thursday, after better-than-expected U.S. economic data continue to foil investors’ expectation for relatively dovish monetary policy from the Federal Reserve. A recent string of strong data show that, for now, the U.S. is staving off a recession, increasing the likelihood that…
(Reuters) – GameStop said its finance chief Diana Saadeh-Jajeh will resign on Aug. 11, marking the second high-profile exit in two months and sending the shares of the videogame retailer down nearly 2% in extended trading. The company’s board had in June ousted its fifth CEO in five years, leading some analysts to question whether…
By Nichola Groom (Reuters) – First Solar Inc on Thursday announced plans to spend up to $1.1 billion on what will be its fifth U.S. factory to meet booming demand for American-made solar panels. It is the second time in the past year that the top U.S. panel maker has announced a major expansion of…
NVIDIA Corp (NASDAQ: NVDA) is enjoying a boost in its stock price today, thanks in part to the positive quarterly results from Meta Platforms Inc. (NASDAQ: META). In an impressive second-quarter performance, Meta Platforms reported a revenue of $32 billion, marking an 11% year-over-year increase and surpassing the Street’s consensus estimate of $31.12 billion. The…
AbbVie Inc (NYSE: ABBV) delivered its Q2 earnings report with noteworthy figures, showing resilience amid challenging conditions. Adjusted EPS for the quarter stood at $2.91, which, despite being down 13.6% year-over-year, surpassed the consensus estimate of $2.80. The company’s overall sales experienced a decline of 4.9% year-over-year (or 4.2% on an operational basis), totaling $13.87…
By Valerie Volcovici and Nichola Groom WASHINGTON/LOS ANGELES (Reuters) – U.S. regulators on Thursday approved proposals to speed up the connection of new power projects to the electric grid, reforms that could ease a growing backlog of requests from wind and solar energy developers. Long waits for transmission interconnection have hobbled the deployment of big…
By Pete Schroeder WASHINGTON (Reuters) -U.S. regulators launched an ambitious effort that would order large banks to set aside billions more in capital to guard against risk Thursday, although a lukewarm response from the head of the Federal Reserve raised questions about how the plan might change before its completion. The proposal to raise capital…
