Raytheon’s profit rises on China aviation boost
(Reuters) – Raytheon Technologies (NYSE:RTX) Corp reported a 4% rise in quarterly adjusted profit on Tuesday, as the aerospace and…
UBSG: UBS Sees Profit Shrink by 52% but Gains $28bn of New Money
You can’t have your cake and eat it too, the quarterly report of Swiss megabank UBS just confirmed. UBS reported…
PepsiCo raises annual forecasts on buoyant demand, price hikes
PepsiCo (NASDAQ:PEP) Inc on Tuesday raised its annual sales and profit forecasts after beating first-quarter revenue estimates on the back…
Spotify’s monthly active users top 500 million, beat estimate
(Reuters) – Spotify Technology SA (NYSE:SPOT) has crossed the half billion mark for monthly active users for the first time, helped by…
Nestle beats quarterly sales estimates with price hikes
(Reuters) -Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world’s biggest packaged food company increased prices to offset…
Netflix to invest $2.5 billion in South Korea to make TV shows, movies
(Reuters) -Netflix Inc said on Tuesday it will invest $2.5 billion in South Korea over the next four years to…
GM, Samsung SDI to soon unveil plans for EV battery plant in US, sources say
(Reuters) -General Motors Co and Samsung (KS:005930) SDI are set to announce as early as Tuesday the plan to build…
ABB dispels industrial gloom to raise full-year outlook
(Reuters) -ABB Ltd raised its full-year outlook for sales and profit outlook on Tuesday after the Swiss engineering and technology…
Novartis, helped by cost cuts, raises full-year outlook
(Reuters) -Novartis on Tuesday raised its full-year earnings outlook after cutting costs, a breast cancer drug trial success and progress…
Hyundai Motor bolsters US presence with $5 billion EV battery venture
(Reuters) -South Korea’s Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint…