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…
WASHINGTON (AP) — The U.S. trade deficit soared to a record $859.1 billion last year as Americans splurged on foreign-made electronics, toys and clothing during the economy’s unexpectedly robust recovery from a short but nasty 2020 pandemic-fueled recession. The trade gap — the difference between what the United States sells and what it buys from…
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…
VIENNA (AP) — Diplomats from Iran and world powers reconvened in Vienna on Tuesday to seek a deal reviving Tehran’s 2015 nuclear accord, with pressure mounting for results soon. Negotiators from Iran and the remaining parties to the agreement — Britain, France, Germany, Russia and China — got back to work after a break of…
(Reuters) – Canada’s main stock index opened higher on Tuesday as signs of a positive quarterly earnings season lifted investor sentiment, while a slide in crude prices kept most gains in check. At 09:37 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 0.1% at 21,257.51 points. (Reporting by Anisha Sircar in Bengaluru;…
MILAN (Reuters) – Stellantis on Tuesday unveiled its new Alfa Romeo Tonale compact sport utility vehicle (SUV) as it aims to expand in the premium market and add electrified and interconnected vehicles to its range. The world’s fourth largest carmaker plans to spend over 30 billion euros ($34.2 billion) through 2025 to electrify its vehicle…
NEW YORK (Reuters) -Thomson Reuters Corp missed fourth-quarter earnings forecasts on Tuesday as the news and data provider stepped up investments it said would help deliver stronger-than-expected revenue growth this year and next. The parent company of Reuters News reported adjusted earnings fell to 43 cents per share from 54 cents a year earlier. That…
MADRID (AP) — A Spanish retiree campaigning to keep in-person customer services at banks because he felt “left out” by the shift to online banking is handing government officials a petition with more than 610,000 signatures, amid a wave of national support for his cause. Carlos San Juan, 78, a retired doctor from Valencia in…
