(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)
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…
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…
(Reuters) -Tesla Inc boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion, a move that Wall Street analysts have said could stretch the billionaire thin. Musk, who also runs rocket company SpaceX, brain-chip startup Neuralink and tunneling firm the Boring…
(Reuters) – Apple supplier Foxconn is handing bonuses to workers at its Zhengzhou plant in central China, Chinese government-backed media reported, as it works to quell employee discontent at the site over COVID curbs. Daily bonuses for employees, who are part of a Foxconn unit responsible for making electronics including smartphones at the site, have…
BEIJING (Reuters) – China’s factory activity weakened in October as protracted COVID-19 restrictions disrupted production and subdued demand, a private-sector survey showed on Tuesday, suggesting a weaker economic recovery in the fourth quarter. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) stood at 49.2 in October, up from 48.1 in September and slightly above analysts’…
(Reuters) – Apple supplier Foxconn has increased wages and is handing bonuses to workers at its Zhengzhou plant in central China, Chinese government-backed media reported, as it works to quell employee discontent at the site over COVID curbs. Daily wages for employees, who are part of a Foxconn unit responsible for making electronics including smartphones…
