Zimmer Biomet’s downbeat 2024 view hits shares after forecast raise
By Mariam Sunny (Reuters) -Zimmer Biomet Holdings on Tuesday raised its full-year profit forecast after beating second-quarter estimates on demand…
Caterpillar’s 2023 margin forecast, upbeat results send shares to record high
By Shivansh Tiwary (Reuters) -Caterpillar Inc said on Tuesday that strong demand for heavy machinery from construction and mining industries…
TSMC leads in advanced chip packaging wars, LexisNexis patent data says
By Max A. Cherney (Reuters) – Taiwanese chipmaker TSMC has developed the most expansive arsenal of patents surrounding advanced chip…
Pfizer considers cost cuts as demand for COVID products falls
By Bhanvi Satija and Michael Erman (Reuters) -Pfizer on Tuesday said it will launch a cost-cutting program if its COVID-19…
Marathon Petroleum profit beats forecasts but slumps 63% on lower refining margins
By Laura Sanicola and Arshreet Singh (Reuters) – U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit…
Networking startup Nile raises $175 million to challenge Cisco
By Krystal Hu (Reuters) – Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel,…
Oppenheimer strategist projects S&P 500 will eclipse record high by year end
By Lewis Krauskopf NEW YORK (Reuters) – Oppenheimer Asset Management on Tuesday projected the S&P 500 would rise above its…
Goldman Sachs’ head of partner family office Opoku to leave -memo
NEW YORK (Reuters) – A senior Goldman Sachs executive, who oversaw the firm’s office that manages the wealth of its…
European shares start August on sour note as global factory activity falters
By Sruthi Shankar, Amruta Khandekar and Shristi Achar A (Reuters) -European stocks fell on Tuesday, with the German DAX pulling…
Norwegian Cruise sails south as higher costs hit Q3 profit target
By Granth Vanaik (Reuters) -Norwegian Cruise Line on Tuesday forecast downbeat third-quarter profit after a strong second quarter, as elevated…