(Reuters) – Johnson & Johnson quietly shut down the only plant making usable batches of its COVID-19 vaccine late last year, the New York Times reported, citing people familiar with the decision. The halt is temporary, with the plant in the Dutch city of Leiden expected to start making the vaccine again after a few…
By Chibuike Oguh (Reuters) – Buyout firm KKR & Co Inc said on Tuesday its after-tax distributable earnings more than doubled in the fourth quarter, thanks to strong asset sales from its private equity portfolio and record transaction fees from its capital markets business. The strong earnings performance, in line with that of KKR’s peers,…
ROME (Reuters) – Leonardo said on Tuesday it had suspended its search for a partner for the Italian defence group’s automation arm, as no offer had been made that could ensure it a “sound future”. Leonardo Chief Executive Alessandro Profumo said in March it was considering options for the division, including an alliance with a…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit surged to a record high in 2021 as imports increased sharply amid the restocking of shelves by businesses to meet robust domestic demand. The sharp widening in the trade gap reported by the Commerce Department on Tuesday mostly reflected a shift in spending toward goods…
MEXICO CITY (Reuters) – A global semiconductor shortage that has weighed on Mexico’s auto sector should normalize throughout the year and chip supply should reach prepandemic levels in the second half of 2022, the Mexican Automotive Industry Association (AMIA) said on Tuesday. “We expect the shortage of semiconductors to stabilize throughout the year and towards…
By Joseph White DETROIT (Reuters) – General Motors Co plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output, according to information shared with suppliers. GM Chief Executive Mary Barra told investors last week the automaker intended to accelerate production of electric…
By Subrat Patnaik and Aishwarya Nair (Reuters) -Peloton Interactive Inc will replace its chief executive and cut about 2,800 jobs, the company said on Tuesday, as the exercise bike maker looks to revitalize sagging sales and win back investor confidence. John Foley, the company’s co-founder who has led the company for nearly a decade, will…
(Reuters) – Johnson & Johnson late last year quietly shut down the only plant making usable batches of its COVID-19 vaccine, the New York Times reported, citing people familiar with the decision. The halt is temporary, with the Leiden plant expected to start making the vaccine again after a few months, the NYT report said…
By Leroy Leo (Reuters) – Amgen Inc said on Tuesday it would buy back up to $6 billion of its shares in the first quarter and forecast earnings to more than double by 2030 on the back of strong sales in its biosimilar drugs and other key products. Shares of the biotechnology company rose 5.5%…
By Ron Bousso LONDON (Reuters) – BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with increased spending on low carbon energy. BP’s rebound to an annual profit of $12.85 billion after a large loss…
