By Bhanvi Satija and Mariam Sunny (Reuters) -Eli Lilly on Tuesday raised its annual forecasts as demand for new diabetes drug Mounjaro surges ahead of a decision on its use as a weight-loss treatment,[...]
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Toshiba says tender offer to take it private will launch on Tuesday
By Makiko Yamazaki and Anton Bridge TOKYO (Reuters) -Japan’s Toshiba said on Monday a $14 billion tender offer to take the industrial conglomerate private will be launched on Tuesday – an[...]
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Meme stock Tupperware jumps as debt restructuring deal fires up retail army
By Medha Singh and Savyata Mishra (Reuters) -Shares of Tupperware Brands surged 44% on Friday, after the kitchen storage container maker finalized a debt restructuring deal as it attempts a turnaround[...]
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Bombardier profit beats estimates but cash flow misses; shares fall
MONTREAL (Reuters) -Canada’s Bombardier on Thursday reported a quarterly profit that beat expectations, boosted by demand for flying and maintaining private jets, but its free cash flow missed e[...]
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Major global firms warn of slow China sales as post-pandemic surge fades
(Reuters) – Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have warned of slowing earnings in China as the world’s second-largest econo[...]
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Food distributor Sysco misses revenue estimates on inflation-induced demand slowdown
(Reuters) – Food distributor Sysco Corp missed Wall Street expectations for quarterly sales on Tuesday, as inflation-hit consumers restrict discretionary spending on products such as custom cuts[...]
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Companies double down on AI in June-quarter analyst calls
By Noel Randewich (Reuters) – It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter[...]
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Bearish traders swarm AMC options as stock conversion plan faces doubts
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of AMC Entertainment Holdings Inc have been hit by a wave of bearish options bets amid uncertainty over the company’s stock conversion plan[...]
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VW cuts sales outlook as EV competition heats up
By Victoria Waldersee and Miranda Murray BERLIN (Reuters) -Volkswagen on Thursday cut its full year sales target and pledged to improve its cash position in the second half by hiking prices and cuttin[...]
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