(Reuters) -Mattel Inc on Wednesday snatched back rights to produce toys based on Walt Disney Co’s “Frozen” franchise and Princess lineup, more than seven years after losing it to rival Hasbro Inc. The reunion will bring popular Disney characters, including “Cinderella” and “Snow White,” to Mattel, which will also make toys based on characters in…
ATHENS, Greece (AP) — Greek army and municipal crews removed hundreds of vehicles Wednesday that had been stranded in snow for three days along a road linking Athens to its international airport, as authorities struggled to clear blocked thoroughfares and restore power to blacked out parts of the capital. In Istanbul, Turkey’s largest city, road…
Boeing on Wednesday reported a $4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much worse. The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copies of its 787 jetliner and compensation for airlines…
(Reuters) -Abbott Laboratories’ quarterly profit beat analysts’ estimate, aided by robust sales of COVID-19 test kits due to the spread of the Omicron variant and strong demand for its diagnostics products. Abbott said it expects $2.5 billion from COVID-19 test kits in the early part of this year. The company will update its test kit…
(Reuters) -Abbott Laboratories on Wednesday reported a 7.2% rise in quarterly sales on strong demand for diagnostics products, including its COVID-19 tests, led by a sharp surge in cases due to the Omicron variant. The company’s net earnings fell to $1.99 billion, or $1.11 per share, in the fourth quarter ended Dec. 31 from $2.16…
LONDON (AP) — Chipmaker Intel scored a decisive legal victory Wednesday in a long-running battle against European Union competition watchdogs after a court reversed itself and threw out a billion euro antitrust fine issued more than a decade ago. The EU’s General Court annuled the 1.06 billion euro fine ($1.43 billion at current exchange rates)…
(Reuters) -Microsoft will begin offering more information to customers about how it automatically renews Xbox online gaming subscriptions in Britain, the UK’s competition watchdog said on Wednesday. The Competition and Markets Authority (CMA) said it had secured undertakings from the U.S. tech giant to inform customers upfront about auto-renewals for Xbox Live Gold and Game…
BEIJING (Reuters) -Apple Inc achieved its highest-ever market share in China in the fourth quarter, when it was the top-selling vendor there for the first time in six years, research firm Counterpoint Research reported on Wednesday. The milestone coincided with the release of the iPhone 13, and amid otherwise stagnant demand for handsets as chief…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – South Korea’s LG Display Co Ltd on Wednesday reported a 30% drop in quarterly operating profit as a one-off cost related to profit-sharing plan and lower TV panel prices offset solid shipments of smaller screens for computers, laptops and smartphones. The Apple Inc supplier posted an…
BERLIN (AP) — The German government on Wednesday cut its growth forecast for this year, but said that Europe’s biggest economy remains “robust” and will return to its pre-pandemic size in 2022. The Economy Ministry predicted that gross domestic product will grow by 3.6%, down from the 4.1% Germany’s previous government forecast in late October….
