Category Archives:
JPMorgan agrees to acquire 49% stake in Greek fintech Viva Wallet
By George Georgiopoulos ATHENS (Reuters) - JPMorgan said on Tuesday it had agreed to acquire an around 49% stake in Athens-based payments fintech Viva Wallet, subject to regulatory approvals. Financia...
Jan 25, 2022
3M posts nearly 5% fall in profit as supply chain snarls, costs bite
(Reuters) -Industrial giant 3M Co posted a 4.7% fall in quarterly profit on Tuesday, as sales in its transportation and electronics segments were impacted by global supply bottlenecks, rising raw mate...
Jan 25, 2022
Unilever’s soap opera: M&A, job cuts and grumpy investors
(Reuters) - Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in an overhaul aimed at easing shareholders' concerns after a failed acquisition and news an activist investor had bui...
Jan 25, 2022
J&J expects up to $3.5 billion in COVID vaccine sales this year
(Reuters) -Johnson & Johnson on Tuesday forecast $3 billion-$3.5 billion in revenue for its COVID-19 vaccine this year, compared to $2.39 billion it generated in 2021, even as the drugmaker faces manu...
Jan 25, 2022
UK manufacturers plan biggest price rises since 1977 – CBI
LONDON (Reuters) - British manufacturers expect to raise prices by the most since 1977 over the next three months, after facing the biggest increase in costs since 1980 and intense labour shortages, a...
Jan 25, 2022
GE expects better profit, higher cash flow in 2022
CHICAGO (Reuters) - General Electric Co on Tuesday forecast higher profit and higher free cash flow this year after reporting higher-than-expected earnings in the quarter through December. (Reporting ...
Jan 25, 2022
Cybertrucks, new factories in focus as Tesla set to report record earnings
By Hyunjoo Jin SAN FRANCISCO (Reuters) - Tesla Inc is expected to post record revenue on Wednesday, but analysts and investors are focusing on how fast Tesla can scale up production at two new factori...
Jan 25, 2022
Analysis-‘Aggressively conservative’ Supreme Court plunges into U.S. culture wars
By Lawrence Hurley and Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court's decision to hear a case that could doom university policies considering race as a factor in student admissions is th...
Jan 25, 2022
U.S. set to release study details on chips shortage amid funding push
By David Shepardson WASHINGTON (Reuters) - The U.S. Commerce Department is expected to soon release details from a study of semiconductor chips it conducted last year amid a push to win funding to boo...
Jan 25, 2022
Trump battled the Powell Fed’s rate hikes. Biden’s betting on them
By Ann Saphir (Reuters) - U.S. central bankers on Tuesday will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March, to slow the...
Jan 25, 2022
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