AbbVie posts weak sales of newer drugs as Humira faces fresh competition, shares fall
By Patrick Wingrove and Leroy Leo (Reuters) -AbbVie Inc on Thursday missed quarterly revenue estimates for its newer treatments, fueling…
Business
Inside a tub of Ben & Jerry’s, Unilever’s costs surge
By Richa Naidu LONDON (Reuters) – Despite some signs inflationary pressures are easing, Unilever warned on Thursday of big increases…
China Evergrande gains more than 77% backing of Class A debt holders for debt restructuring incentive
HONG KONG (Reuters) – Embattled property developer China Evergrande Group said on Thursday that holders of more than 77% of…
Gap to lay off about 1,800 employees in second round of job cuts
(Reuters) -Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a…
U.S. Postal Service shrinks forecast losses as hikes prices
By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Thursday it has cut projected losses through 2031 by…
Millennium Trust’s owners explore $8 billion sale -sources
(This April 26 story has been corrected to fix revenue description in paragraph 3) By David French and Anirban Sen…
Caterpillar’s shares fall on fears demand may have peaked
By Bianca Flowers and Aishwarya Nair (Reuters) -Heavy machinery maker Caterpillar Inc topped Wall Street expectations with a 31% rise…
Dropbox to cut workforce by 16%, hire new talent for AI-powered products
(Reuters) – Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut…
Stellantis’ Tavares: no intention of starting a price war with Tesla
PARIS (Reuters) – Car maker Stellantis has no intention of starting a price war with Tesla, its CEO Carlos Tavares…
Bombardier profit takes off with pricier jet deliveries
By Allison Lampert and Anandita Mehrotra MONTREAL (Reuters) -Business jet maker Bombardier Inc said on Thursday it had swung to…