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Biogen to cut 1,000 jobs to save costs as Alzheimer’s drug launch gathers pace
(Reuters) - Biogen Inc said on Tuesday it expects to slash about 1,000 jobs, or about 11% of its workforce, to save costs as the company ramps up the launch of a new Alzheimer's disease drug in effort...
Syndicated Content Jul 25, 2023
US distillate stocks fail to make summer recovery amid refinery outages
By Laura Sanicola (Reuters) - U.S. diesel, heating oil and jet fuel stockpiles have failed to recover from the 10-year lows hit last year when high prices caused the Biden administration to consider a...
Syndicated Content Jul 25, 2023
RTX raises 2023 sales outlook boosted by aviation recovery
(Reuters) - RTX Corp on Tuesday raised its full-year revenue forecast, as the aerospace and defense major is set to benefit from strong demand for jet engine parts and related services following a rec...
Syndicated Content Jul 25, 2023
Power cuts in Malta put the government in hot water
VALLETTA (Reuters) - Widespread power cuts across Malta caused by a week-long heatwave have led to criticism of Prime Minister Robert Abela's government, with business fearing it could damage summer t...
Syndicated Content Jul 25, 2023
3M reports quarterly loss on “forever chemicals” settlement
(Reuters) -3M Co on Tuesday reported a quarterly loss compared to a year-ago profit, as the U.S. industrial conglomerate took a hit from a $10.3 billion settlement related to water pollution claims ti...
Syndicated Content Jul 25, 2023
GM puts profit ahead of growth, veering away from Tesla
By Joseph White and Ben Klayman DETROIT (Reuters) -General Motors lifted its full-year profit guidance on Tuesday, in large part because it plans to invest less in new products and cut operating costs...
Syndicated Content Jul 25, 2023
Swiss bank Julius Baer to end business with clients in Russia-letter
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Swiss private bank Julius Baer will end all business with clients based in Russia, it told them in a letter seen by Reuters on Tuesday, as wealth managers n...
Syndicated Content Jul 25, 2023
GE rides aviation boom to lift 2023 profit forecast
(Reuters) -General Electric Co on Tuesday raised its full-year adjusted profit forecast, betting on steady demand for aircraft engine spare parts and services from airlines looking to cash in on surgi...
Syndicated Content Jul 25, 2023
Dassault Systemes’ flagship platform sales slow, but targets confirmed
By Victor Goury-Laffont (Reuters) - French software maker Dassault Systemes said revenue rose 5% in the second quarter, but shares fell to a four-month low after it flagged slower sales growth in its ...
Syndicated Content Jul 25, 2023
‘Operation Cookie Monster’: Dutch arrest their most-wanted suspect in cyber case
AMSTERDAM (Reuters) - Dutch police have arrested a man they described as their most wanted suspect in the investigation into the Genesis Market, a dark web marketplace for stolen computer credentials,...
Syndicated Content Jul 25, 2023
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