Category Archives:
EV maker Lotus Tech to go public in the U.S. via deal with L Catterton SPAC
By Brenda Goh SHANGHAI (Reuters) - Lotus Technology said on Tuesday that it will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp ...
Jan 31, 2023
GM, Lithium Americas to develop Thacker Pass mine in Nevada
(Reuters) - General Motors Co and Lithium Americas Corp on Tuesday announced they would jointly invest to develop the Thacker Pass mine in Nevada. Under the agreement, GM will make an equity investmen...
Jan 31, 2023
Pfizer forecasts 2023 sales of COVID products below estimates
(Reuters) - Pfizer Inc on Tuesday forecast 2023 sales of its COVID-19 products of $21.5 billion that fell short of Wall Street expectations, hit by lower demand in international markets and slower upt...
Jan 31, 2023
Marathon Petroleum beats profit estimates on high demand, tight supplies
(Reuters) -Marathon Petroleum Corp on Tuesday beat Wall Street expectations for quarterly profit as refining margins soared amid tight supplies and higher demand for refined products. Profits last yea...
Jan 31, 2023
GM reports higher quarterly profit, forecasts lower results in 2023
DETROIT (Reuters) - General Motors Co on Tuesday reported a higher quarterly net income for the fourth quarter, but said profit in 2023 would fall from last year. For the full year, GM's profit droppe...
Jan 31, 2023
Analysis-Airbus and Boeing try to fill giant factories with small jets
By Tim Hepher PARIS (Reuters) - Airbus and Boeing have set the stage for the next chapter in their titanic rivalry by remodelling two of the world's largest buildings - gutted by changes in air travel...
Jan 31, 2023
Exxon smashes Western oil majors’ earnings record with $59 billion profit
By Sabrina Valle HOUSTON (Reuters) - Exxon Mobil Corp posted $59 billion in adjusted profit for 2022, the company said on Tuesday, taking home more than $6.7 million per hour last year, and setting no...
Jan 31, 2023
Caterpillar misses profit estimates as costs weigh
(Reuters) -Caterpillar Inc on Tuesday reported a lower-than-expected quarterly profit as increasing manufacturing and freight costs pressured the heavy machinery maker's margins. Shares of Caterpillar...
Jan 31, 2023
Tesla raises spending plan as it looks to boost production
(Reuters) - Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the Elon Musk-led electric-vehicle maker ramps up production of its new battery cell and the Semi heavy-du...
Jan 31, 2023
AbbVie’s Humira gets a U.S. rival, but costs could stay high
By Patrick Wingrove (Reuters) - U.S. patients will finally get access to cheaper versions of AbbVie Inc's blockbuster arthritis drug Humira this year, but the cost savings are expected to be limited. ...
Jan 31, 2023
Peoria, IL, USA
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