Peloton co-founder steps down after rough ride
Peloton is replacing its CEO, cutting jobs and reining in ambitious expansion plans after badly misjudging the staying power of…
EU’s chip production plan aims to ease dependency on Asia
BRUSSELS (AP) — The European Union announced a $48 billion plan Tuesday to become a major semiconductor producer, seeking to…
Vaccines pushes Pfizer beyond expectations in final quarter
COVID-19 vaccine sales boosted Pfizer earnings well past fourth-quarter expectations, but the drugmaker has set a lower-than-expected bar for 2022….
Rimmel Parent Coty’s Revenue Disappoints On COVID Hit
(Reuters) – CoverGirl parent Coty Inc posted quarterly revenue below estimates on Tuesday, as stringent COVID-19 curbs in some markets…
Germany argues over vaccine mandate for health workers
BERLIN (AP) — Germany’s health minister on Tuesday decried calls from the main opposition party to suspend the implementation of…
U.S. Small Business Sentiment Drops To 11-month Low -NFIB
WASHINGTON (Reuters) – U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher…
EU Lays Out Billion-euro Plan To Boost Chip Production
BRUSSELS (Reuters) – The European Commission on Tuesday set out a billion-euro plan to boost its chip industry, including making…
BP profits surge as high gas prices hit household finances
LONDON (AP) — BP PLC reported its biggest full-year profit for eight years on Tuesday, its coffers boosted by soaring…
SoftBank Dumps Sale Of Arm Over Regulatory Hurdles, To IPO Instead
By Jane Lanhee Lee and Josh Horwitz SAN FRANCISCO/SHANGHAI (Reuters) -SoftBank Group Corp has shelved its blockbuster sale of Arm…
Volvo Cars To Invest $1.1 Billion In Swedish Plant For Switch To EVs
STOCKHOLM (Reuters) -Volvo Cars will invest 10 billion crowns ($1.1 billion) in its manufacturing plant in Gothenburg in the next…