Author Archives: Syndicated Content
Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
(Reuters) -Peloton CEO Barry McCarthy has stepped down, the company said on Thursday as it decided to cut 15% of its workforce to tackle a post-pandemic slump in demand for its connected fitness equip...
May 02, 2024
BorgWarner raises full-year 2024 adjusted profit outlook
(Reuters) - Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. BorgWarner, which...
May 02, 2024
Nigeria court adjourns Binance and execs trial to May 17
By Camillus Eboh ABUJA (Reuters) - A Nigerian court on Thursday adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the ex...
May 02, 2024
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) - Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump. Sales ...
May 02, 2024
Vietnam parliament approves speaker's resignation, state media says
HANOI (Reuters) - Vietnam's legislature on Thursday approved the resignation of National Assembly chairman Vuong Dinh Hue, state media reported, the latest top official to step down amid an intensifyi...
May 02, 2024
Teleflex beats quarterly profit estimates on healthy demand for medical devices
(Reuters) - Teleflex reported a better-than-expected first-quarter profit on Thursday, on the back of strong demand for its medical devices. The Wayne, Pennsylvania-based company also raised the lower...
May 02, 2024
Novartis to buy radiology specialist Mariana Oncology for $1 billion
(Reuters) - Novartis has entered an agreement to acquire US radiopharmaceutical company Mariana Oncology for $1 billion, the Swiss drug manufacturer said on Thursday. The deal also includes $750 milli...
May 02, 2024
Becton Dickinson lifts profit view on strong surgical equipment demand
(Reuters) - Becton Dickinson raised its annual profit forecast and beat second-quarter profit estimates on Thursday, as the group banks on strong demand for its surgical equipment and syringes. Medica...
May 02, 2024
Futures climb as Fed allays rate-hike worries
(Reuters) - U.S. stock index futures advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed fears around potential rate hikes, with focus moving to a spate of ...
May 02, 2024
Insurer Chubb prepares to pay $350 million in Baltimore bridge collapse, WSJ reports
(Reuters) - Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on...
May 02, 2024
