Author Archives: Syndicated Content
Abbott beats quarterly profit estimates on strong medical device sales
(Reuters) -Abbott Laboratories beat Wall Street estimates for quarterly profit on Wednesday and raised the lower end of its forecast, as robust demand for medical procedures boosted sales of its devic...
Apr 17, 2024
New tariffs on Chinese metals won't impact inflation, White House says
WASHINGTON (Reuters) - Sharply higher tariffs on Chinese metal products being considered by the Biden administration would not affect U.S. inflation and are necessary for national security, White Hous...
Apr 17, 2024
Banks falling behind on messaging app scrutiny, survey finds
By Sinead Cruise LONDON (Reuters) - Global financial companies are falling behind on the monitoring and archiving of all business-related communications using personal messaging apps, a survey release...
Apr 17, 2024
Aerospace parts manufacturer Loar Holdings aims up to $2.28 billion valuation in US IPO
(Reuters) - Loar Holdings is aiming for a valuation of up to $2.28 billion in its initial public offering in the United States, the aerospace parts manufacturer said in a filing on Wednesday. Loar sai...
Apr 17, 2024
US FTC preparing to sue to block $8.5 billion takeover of Capri by Tapestry, NYT Dealbook reports
(Reuters) - The U.S. Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday,...
Apr 17, 2024
United Airlines jumps after results beat 'dramatically low' expectations
(Reuters) - United Airlines shares rose about 5.3% premarket on Wednesday, driven by an upbeat profit forecast for the second quarter and strong first-quarter results despite a $200 million hit over p...
Apr 17, 2024
Tesla asks shareholders to vote for Musk's compensation plan
(Reuters) - Electric automaker Tesla on Wednesday urged shareholders to vote in favour of a proposal to ratify billionaire Elon Musk's compensation under the CEO pay package, just months after a Delaw...
Apr 17, 2024
French government defends its new deficit-reduction plan
PARIS (Reuters) - The French government on Wednesday insisted its plans to cut the country's deficit was 'coherent and responsible', as it responded to criticism of the plan from the country's indepen...
Apr 17, 2024
IMF Board backs key change to lending-into-official-arrears policy
By Marc Jones LONDON (Reuters) - The International Monetary Fund's Board has backed a key change to give it more freedom to support crisis-hit countries even if debt renegotiations with big creditor g...
Apr 17, 2024
Eli Lilly's weight-loss drug succeeds in trials with sleep apnea patients
(Reuters) -Eli Lilly's weight-loss drug helped cut the frequency of irregular breathing in patients with obstructive sleep apnea by as much as 63% on average across two late-stage trials, the company ...
Apr 17, 2024
