07:41 Trade war and safety concerns take centre stage at Shanghai auto show
-China's annual major auto shows have become a showcase for the rise of ever-cheaper, better-performing electric vehicles and more confident local brands in the world's biggest market for cars.
- Reuters23:51 IMF slashes global outlook as White House says trade talks pick up pace
-Worldwide economic output will slow in the months ahead as U.S. President Donald Trump's steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday as global finance chiefs swarmed Washington seeking deals with Trump's team to lower the levies.
- Reuters21:53 Breakingviews - Crafty CEOs peek around tariff corners
-There are many reasons to dump U.S. stocks, but even in bad markets there are good opportunities. In these trade-ravaged times, some companies have positioned themselves, relatively speaking, to ride out the turmoil, for a while at least.
- Reuters20/04 Shocking from football player to Amed stands:
-Corum FK player Burak Suleyman Amed SK tribunes after the movement of the match was tension.
- MSN08/04 Boeing deliveries in March jump by 41% compared to a year earlier
-Boeing delivered 41 jets in March, up from 29 during the same month a year ago, the company announced Tuesday, though the figure was slightly lower than the 45 handed over in January and 44 in February.
- Reuters03/04 Small-town Ireland nervous as Trump seeks to lure pharma investment to US
-As U.S. President Donald Trump takes aim at the mostly American-owned pharmaceutical factories that dot the Irish countryside, the people of Carrigtwohill are getting nervous.
- Reuters03/04 Breakingviews - Life sciences undergo painful genetic modification
-Medical researchers helped tame a worldwide pandemic, but they may be powerless against the financial disease rapidly spreading from Washington. The Trump administration’s sweeping budget cuts are hitting agencies that fund research and approve new drugs, including the U.S. Department of Health and Human Services now led by vaccine skeptic Robert F. Kennedy Jr. The immediate implications pale next
- Reuters04/03 China bans imports of Illumina's gene sequencers right after Trump tariff action
-China announced a ban on Tuesday on imports of genetic sequencers from U.S. medical equipment maker Illumina , just minutes after U.S. President Donald Trump's additional 10% tariff on Chinese goods took effect.
- Reuters23/01 Abbott banks on glucose monitors, new launches to ride out China, currency hit
-Abbott Laboratories on Wednesday forecast 2025 profit that came in line with Wall Street estimates as it expects new device launches and growing demand for its glucose monitors to offset a hit from weakness in China and a stronger dollar.
- Reuters21/01 Biden FTC chair Khan to resign from commission in coming weeks
-Lina Khan, who headed the U.S. Federal Trade Commission under former President Joe Biden until Monday, will resign from the commission in the coming weeks, she told staff in a memo.
- Reuters16/01 World Bank warns that US tariffs could reduce global growth outlook
-The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of their own.
- Reuters09/01 Ex-Met Amed Rosario agrees to one-year, $2M deal with Nationals
-Amed Rosario — who played four season with the Mets — and the Washington Nationals agreed to a one-year, $2 million contract on Wednesday.
- New York Post08/01 J&J pauses rollout of heart device in the US to investigate stroke risk
-Johnson & Johnson said on Wednesday it has temporarily paused the rollout of its Varipulse heart device in the United States, citing an abundance of caution as the company investigates four reported stroke events.
- Reuters06/01 FDA seeks to boost accuracy of blood-oxygen monitors across skin tones
-The U.S. health regulator on Monday proposed new guidelines for widely-used blood oxygen monitoring devices to improve their performance across skin tones amid growing evidence that the current ones are not reliable for patients with darker skin.
- Reuters06/01 South Korea extends shutdown of Muan airport due to crash probe
-South Korea's government said on Monday it will extend the shutdown of Muan International Airport by a week to Jan. 14, citing the ongoing investigation into the crash of a Jeju Air jet that killed 179 passengers on board.
- Reuters31/12 Empty desks and tears mark five colleagues killed in South Korean plane crash
-Empty desks and a calendar marking days off after Christmas sit in a South Korean office where five co-workers once planned a holiday to Thailand which ended in tragedy on Sunday when their return Jeju Air flight crashed.
- Reuters29/12 Father of woman killed in South Korea air crash says the tragedy is unbelievable
-Jeon Je-young keeps playing the video of the plane with his daughter and another 180 people on board slamming into a wall and bursting into flames at a South Korean airport.
- Reuters29/12 Experts question bird strike as cause of deadly South Korean airliner crash
-Uncertainties surround the deadliest crash on South Korean soil, experts said on Sunday, questioning initial suggestions that a bird strike might have brought down Jeju Air flight 7C2216.
- Reuters16/12 Honeywell considers spinning off its aerospace business amid Elliott's breakup push
-Honeywell said on Monday it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company's breakup.
- Reuters16/12 Weight-loss drugs draw Americans back to the doctor
-Powerful weight-loss drugs are expanding use of U.S. health care as patients starting prescriptions are diagnosed with obesity-related conditions or take the drugs to become eligible for other services, health records and discussions with doctors show.
- Reuters27/11 FAA will not require immediate 737 MAX engine action after bird strikes
-The Federal Aviation Administration said on Tuesday it will not require any immediate action after convening a review board to consider concerns about Boeing 737 MAX engines after two bird strike incidents on Southwest Airlines planes in 2023.
- Reuters25/11 Morning Bid: Treasuries rally on Bessent pick, dollar retreats
-A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters19/11 Airbus CEO says CFM engine supplies achievable, but tight
-Airbus CEO Guillaume Faury said on Tuesday that it could potentially ease an engine supply bottleneck and meet year-end targets, telling Reuters that CFM International should be able to supply enough units but it would be "very tight".
- Reuters15/11 Health advocates press Cepheid for cheaper mpox tests
-Global health advocates have written to the makers of a key mpox diagnostic test to call for its price to be cut from around $20 per test to $5, to help tackle low testing rates in poorer countries badly hit by the virus.
- Reuters31/10 Breakingviews - Siemens AI deal is baby step to higher share price
-Siemens CEO Roland Busch is taking a small step towards a higher share price. The German trains-to-robots group is buying simulation-software maker Altair Engineering for $10 billion, after netting off cash. The rich transaction will take years to pay off. But if Busch can use the deal as a trigger to turn $155 billion Siemens into a much simpler company, he might one day earn a higher valuation.
- Reuters30/10 Siemens to buy engineering software firm Altair for $10.6 bln
-Siemens will buy Altair Engineering for $10.6 billion, the American engineering software firm said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market.
- Reuters28/10 Olympus CEO resigns after allegations of illegal drug purchase, shares tumble
-Japanese endoscope manufacturer Olympus Corp said on Monday that Chief Executive Stefan Kaufmann has stepped down after allegations he purchased illegal drugs, sending its shares sliding 6%.
- Reuters22/10 GE Aerospace raises 2024 profit forecast on strong demand for aftermarket services
-GE Aerospace raised its full-year profit forecast for the third time this year on Tuesday, driven by strong demand for aftermarket services from airlines that are relying on older planes to make up for the shortage of newer aircraft.
- Reuters10/09 Airbus CEO upbeat on new engine technology, but says jury still out
-The head of European planemaker Airbus said novel open-rotor technology being tested by engine maker CFM International offers promising efficiencies and reductions in emissions but the "jury is out" on whether it will be commercially viable.
- Reuters04/09 Judge rules J&J owes Auris investors $1 billion related to 2019 robotics deal
-Johnson & Johnson owes shareholders of Auris Health $1 billion in damages for breaching a 2019 agreement to acquire the private developer of robotics, a Delaware judge ruled on Wednesday.
- Reuters04/09 Exclusive: Norway wealth fund may divest companies that aid Israel in Gaza war, occupied territories
-Norway's $1.7 trillion wealth fund may have to divest shares of companies that violate the fund watchdog's new, tougher interpretation of ethics standards for businesses that aid Israel's operations in the occupied Palestinian territories.
- Reuters03/09 Illumina wins Grail battle in blow to EU merger power
-U.S. gene sequencing company Illumina on Tuesday won its court fight against the European Union's investigation of its $7.1 billion purchase of cancer diagnostic test maker Grail , a ruling set to curb Brussels' merger powers.
- Reuters31/08 Wall St Week Ahead U.S. stock rally broadens as investors await Fed
-A broadening rally in U.S. stocks is offering an encouraging signal to investors worried about concentration in technology shares, as markets await key jobs data and the Federal Reserve's expected rate cuts in September.
- Reuters25/08 Attack statement from Diyarbakır Deputy Eren: The price of the language of hostility and hatred you incite against the Kurdish people will be very heavy.
-DEM Party Diyarbakır Deputy Serhat Eren made a statement about the attack on workers from Diyarbakır wearing Amedspor jerseys in Ürgüp district of Nevşehir. Eren warned the government, stating that the attack was a reflection of hatred and hostility towards the Kurdish people. CLICK - After the attack on Amedspor fans in Nevşehir, Ame...
- MSN22/08 Exclusive: Evolent Health in sale talks after receiving takeover interest, sources say
-Evolent Health is in talks with private equity firms and healthcare services providers for a potential sale, in a process that kicked off after it received takeover interest, people familiar with the matter said on Thursday.
- Reuters21/08 Exclusive: Putin ally Chemezov says West risks global war over Ukraine
-Sergei Chemezov, a close ally of Russian President Vladimir Putin, says the United States and its Western allies risk triggering a global war if Washington continues to "provoke" the conflict in Ukraine and allow Kyiv to attack Russian territory.
- Reuters15/08 EY, KPMG benefit most from PwC China's regulatory woes
-Ernst & Young (EY) and KPMG have snapped up over half of PwC's corporate clients in China that have fled the market's leading accounting firm as it faces a regulatory probe, filings show.
- Reuters12/08 Dodgers DFA Amed Rosario two weeks after acquiring him as Mookie Betts returns
-His second stint with the Dodgers came to a quick halt on Monday two weeks after Los Angeles acquired him at the trade deadline late last month.
- New York Post30/07 Dodgers acquire Amed Rosario from Rays
-On July 30th, Japan time, the Dodgers, who had just completed a triangular trade, moved to further strengthen the team. They traded minor league right-hander Michael Flynn to the Rays and acquired utility player Amed Rosario. The Dodgers acquired Rosario at last year's trade deadline, and Rosario will be returning to the Dodgers for the first time in six months. The Dodgers have Mookie Betts, Max
- MSN30/07 Dodgers trading for Amed Rosario from Rays amid busy pre-deadline day
-The Dodgers continued to bolster their roster as they hunt for their second World Series title in four years.
- New York Post23/07 The teams that control the direction of this MLB trade deadline
-There are three American League clubs, in particular, who have a chance to change the quantity and quality of this trade marketplace.
- New York Post22/07 Rays’ Amed Rosario open to Yankees trade as possible infield boost: ‘Why not?’
-Amed Rosario came up with the Mets as a top prospect before being traded to Cleveland in the blockbuster deal for Francisco Lindor.
- New York Post04/07 Russian armour-piercing tank rounds to be made in India, Rostec says
-Russia's vast state-owned Rostec corporation said on Thursday that its weapons export unit had organised the production in India of armour-piercing rounds for Russian-made battle tanks.
- Reuters04/07 Putin says: preference for Biden remains unchanged despite the debate
-Russian President Vladimir Putin said on Thursday that he had seen fragments of the debate between Joe Biden and Donald Trump but that his preference for Biden as the next U.S. president remained unchanged.
- Reuters28/06 Fujifilm once struggled to sell cameras. Now, it can't keep up with demand
-For years, Japan's Fujifilm pivoted away from its legacy camera business to focus on healthcare. But thanks in large part to the TikTok crowd, its retro-themed X100 digital cameras are now a roaring success, boosting its bottom line.
- Reuters25/06 Airbus cuts key targets and takes hefty Space charge
-Airbus softened key industrial and financial targets and took a hefty 900-million-euro ($965 million) charge for its troubled space activities as Europe's largest aerospace group sought a clean slate approach to supply disruptions and commercial risks.
- Reuters25/06 Engine maker's Boeing dilemma helped to stall Airbus's output plans
-Engine maker CFM's wariness to ramp up supplies significantly to Airbus at a time of stress for its other key customer Boeing was likely a factor in Airbus' move to delay planned jet output increases, industry sources said on Tuesday.
- Reuters23/06 Rays’ Amed Rosario exits game after getting drilled in face by 99 mph pitch in scary scene
-Rays third basemen Amed Rosario had quite the scare during Saturday’s game against the Pirates.
- New York Post19/06 GE Aerospace developing hybrid engines for single-aisle jets
-GE Aerospace is developing a hybrid electric engine with the hopes it will power next-generation narrow-body jets by the middle of the next decade.
- Reuters12/06 Exclusive: Capital Group shakes up strategy to hit $4 trillion by 2031
-Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its core equities franchise to stem client withdrawals and compete with faster-growing fund rivals, its CEO Mike Gitlin told Reuters.
- Reuters08/06 Apollo 8 astronaut William Anders, who took 'Earthrise' photo, dead in plane crash
-Retired astronaut William Anders, who was one of the first three humans to orbit the moon, capturing the famed "Earthrise" photo during NASA's Apollo 8 mission in 1968, died on Friday in the crash of a small airplane in Washington state. He was 90.
- Reuters15/05 Biden's new China tariff wall faces leakage via Mexico, Vietnam
-The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them.
- Reuters14/05 What the US-China trade looks like by sector
-U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.
- Reuters14/05 What are Biden's new tariffs on China goods?
-President Joe Biden is hiking tariffs on $18 billion in Chinese goods including electric vehicles, batteries, semiconductors, steel, aluminum, critical minerals, solar cells, ship-to-shore cranes, and medical products, while retaining Trump-era tariffs on over $300 billion in goods.
- Reuters14/05 Biden sharply hikes US tariffs on an array of Chinese imports
-U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports including electric vehicles, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters who give his economic policies low marks.
- Reuters06/05 New York state sues group over abortion pill reversal claims
-New York state's top prosecutor on Monday sued Heartbeat International, an anti-abortion group, and 11 crisis pregnancy centers, accusing them of misleading and potentially endangering women by claiming that they can provide a treatment reversing the effect of the abortion pill mifepristone.
- Reuters29/04 Philips pays $1.1 billion in US settlement over ventilator recall
-Philips shares surged 33% at the start of trading on Monday, as the Dutch medical devices maker announced a sweeping settlement for claims over its recalled breathing devices in the U.S.
- Reuters23/04 Morning Bid: Tanking Tesla reports, Europe business beats
-A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters17/04 Breakingviews - Guess what: Boeing can be spelled without G and E
-Boeing’s problems are now as big as its 747 jumbo-jet. Years of dubious decisions have eroded much of the plane-maker’s goodwill with regulators, customers, passengers, and shareholders. The best way to regain it would be to uproot the corporate culture and go back to the drawing board on a new aircraft.
- Reuters17/04 Lilly's weight-loss drug reduces sleep apnea severity in late-stage studies
-Eli Lilly said on Wednesday its weight-loss drug helped reduce episodes of irregular breathing in patients with obstructive sleep apnea across two late-stage trials.
- Reuters12/04 US says China is boosting Russia's war machine in Ukraine
-China is supporting Russia's war effort in Ukraine by helping Moscow ramp up its defense production through large amounts of machine tools, microelectronics, drone and cruise missile technology, senior U.S. officials said on Friday.
- Reuters12/04 Britain to equip ships with lasers to take down drones from 2027
-Britain's defence ministry on Friday said it would install lasers on warships designed to cheaply shoot down drones from 2027, five years earlier than previously expected, under reforms designed to speed up the deployment of new technology.
- Reuters10/04 Breakingviews - US deal shrinks number of Philips’ known unknowns
-Koninklijke Philips CEO Roy Jakobs has ticked one more item off his long list of regulatory and legal overhangs stemming from faulty breathing devices. On Wednesday, the $19 billion Dutch toothbrushes-to-defibrillators group said it had finalised a settlement with the U.S. government that requires quality management improvements at its Respironics U.S. plants. The deal, which was initially outline
- Reuters10/04 Philips shares rise on final US deal on sleep apnea machines
-Philips announced the main terms of an agreement it reached in January with the U.S. government on its new sleep apnea machines, which has already cost the company over 360 million euros in the fourth quarter of 2023, sending its shares up almost 3% on Wednesday.
- Reuters03/04 Exclusive: Boeing 737 output drops on quality checks, more FAA audits, sources say
-Boeing 737 MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up factory checks and workers slow the assembly line outside Seattle to complete outstanding work, industry sources told Reuters.
- Reuters02/04 Investors hope GE spinoff will defy poor track record of breakups
-As General Electric completes its $191.9 billion breakup, bullish investors are betting it will defy the lackluster share price performance that has followed many corporate spinoffs over the last few decades.
- Reuters02/04 GE completes three-way split, breaking off from its storied past
-General Electric on Tuesday completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American business power.
- Reuters19/03 Nvidia's dizzying rally spurs rush into AI-themed ETFs
-The fervor around artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia .
- Reuters13/03 Tech-heavy Nasdaq comes under pressure as yields rise
-Wall Street had a lackluster start on Wednesday, with the tech-laden Nasdaq bearing the brunt as U.S. Treasury yields rose, while investors awaited more data for clues on the timing of the Federal Reserve's interest-rate cuts.
- Reuters28/02 Agilent reports better-than-expected first quarter results, shares rise
-Agilent Technologies on Tuesday beat Wall Street estimates for first-quarter profit and revenue, helped by strong sales in its life sciences and diagnostics units, sending shares up 5% in extended trading.
- Reuters21/02 Ex-Met Amed Rosario agrees to one-year, $1.5M deal with Rays
-Amed Rosario, who played for the Mets from 2017-2020, signed a $1.5 million, one-year contract with the Tampa Bay Rays on Tuesday.
- New York Post15/02 US FDA classifies Philips' recall of imaging machines as most serious
-The U.S. FDA said on Thursday it has classified a recall of Philips' medical imaging machines as most serious due to the risk of a detector in some devices unexpectedly falling on patients during scans.
- Reuters15/02 AI firms surge after chip giant Nvidia discloses stake
-Shares of smaller AI firms rallied on Thursday after the world's most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy.
- Reuters15/02 Exclusive: US families begin to embrace weight-loss drugs for their children
-A small but rapidly growing number of U.S. adolescents began treatment with Novo Nordisk's weight-loss drug Wegovy last year, a powerful new tool to address record rates of pediatric obesity, according to data shared exclusively with Reuters.
- Reuters15/02 Private US moon lander launched half century after last Apollo lunar mission
-A moon lander built by Houston-based aerospace company Intuitive Machines was launched from Florida early on Thursday on a mission to conduct the first U.S. lunar touchdown in more than a half century and the first by a privately owned spacecraft.
- Reuters15/02 Illumina, already facing pressure from Icahn, saw other activists at year end
-Gene-sequencing company Illumina , which was pushed to make changes by Carl Icahn last year, had two additional activist investors in its stock at the end of the fourth quarter, according to new regulatory filings.
- Reuters14/02 Private US moon lander set for launch half century after last Apollo lunar mission
-A robotic moon lander built by Houston-based aerospace company Intuitive Machines was set for launch early on Wednesday on a NASA mission to conduct the first U.S. lunar touchdown in more than a half century and the first by a privately owned vehicle.
- Reuters07/02 Wind power giants give bleak view of 2024 as challenges persist
-The world's three biggest wind power groups on Wednesday gave a sober view of the year ahead, citing ongoing challenges in the maturing sector that continues to suffer from project delays, equipment issues and inflation.
- Reuters07/02 Apple beats AliveCor lawsuit over heart-rate apps for Apple Watch
-Apple persuaded a federal judge to dismiss a lawsuit by a Silicon Valley startup accusing it of illegally monopolizing the U.S. market for heart rate monitoring apps for its Apple Watch.
- Reuters05/02 Exclusive: Eisai expects 1,500 Alzheimer's patients in China launch, sees ‘huge’ growth
-Japan’s Eisai aims to roll out its groundbreaking Alzheimer’s drug Leqembi to 1,500 people in China later this year, but expects growth to accelerate significantly in 2025 as diagnosis methods change, a company spokesperson told Reuters.
- Reuters29/01 Philips reaches compliance agreement with FDA over ventilator recall
-Dutch health technology company Philips said on Monday it had reached an agreement on the terms of a settlement with the U.S. Food and Drug Administration (FDA) over a large-scale recall of ventilators.
- Reuters28/01 India pivots away from Russian arms, but will retain strong ties
-India is seeking to distance itself from its largest arms supplier after Russia's ability to supply munitions and spares was hobbled by the war in Ukraine, but must step carefully to avoid pushing Moscow closer to China, Indian sources said.
- Reuters26/01 Lighting maker Signify beats Q4 core profit margin forecast
-Signify , the world's biggest maker of lights, beat fourth-quarter margin expectations on Friday, aided by share gains in professional lighting systems.
- Reuters24/01 Morning Bid: Shoring up confidence in fragile China
-A look at the day ahead in U.S. and global markets from Dhara Ranasinghe
- Reuters23/01 US FDA seeks 'boxed warning' for CAR-T cancer therapies
-The U.S. health regulator on Monday asked a host of drugmakers, including Gilead Sciences , Johnson & Johnson and Novartis , to add a serious warning on the label of their cancer therapies that use CAR-T technology.
- Reuters23/01 GE posts higher profit on strong demand for engine parts, services
-General Electric Co on Tuesday reported a higher fourth-quarter profit as its business that makes aircraft engines benefited from strong demand for spare parts and services, while cost cuts helped narrow losses in its renewable energy unit.
- Reuters19/01 Atlas Air Boeing cargo plane makes emergency landing at Miami
-An Atlas Air Boeing 747-8 cargo plane was forced to make an emergency landing at Miami International Airport after experiencing an engine malfunction shortly after departure.
- Reuters17/01 Exclusive: Netsmart's owners explore a sale valuing it at $5 bln -sources
-The private equity owners of Netsmart Technologies are exploring a sale of the U.S. healthcare software firm that they hope will value it at more than $5 billion, including debt, according to people familiar with the matter.
- Reuters09/01 Breakingviews - Breakingviews: Boeing loses when it has everything to gain
-It’s hard to imagine a business with bigger walls protecting it than Boeing . The $138 billion plane manufacturer dominates, along with rival Airbus , the commercial plane market. Yet repeated issues, such as the grounding of Boeing 737 MAX 9 planes following a blowout of a panel on an Alaska Airlines jet on Jan. 5, are undermining Boeing’s reputation and, worse, its finances.
- Reuters08/01 Drugmakers kick off industry conference with two cancer deals
-Johnson & Johnson and Merck on Monday announced plans to buy cancer therapy developers on the first day of a major U.S. healthcare conference, igniting what industry participants hope will be a strong year for deals after a solid end to 2023.
- Reuters08/01 Unloved healthcare stocks draw investors despite US election risks
-The U.S. healthcare sector is showing signs of life after lagging in 2023 as investors bet cheap valuations will offset a tendency to underperform during presidential election years.
- Reuters05/12 Ukraine aerospace sector's push for Western tie-ups met with skepticism
-Aerospace group Motor Sich has little to show so far for a wartime effort to woo potential partners in the West, as it seeks new direction after it lost Russia as its biggest client and had a China tie-up blocked.
- Reuters29/11 Exclusive: Emirates tells Rolls-Royce: Go back to basics, put products first
-The head of Dubai's Emirates has urged Rolls-Royce to go "back to basics" and focus on the performance of its engines, a day after the British firm laid out plans to quadruple profits.
- Reuters29/11 US FDA flags new problem with Philips machines, shares fall
-Philips shares fell more than 6% on Wednesday after the U.S. Food and Drug Administration said it is alerting patients about a new safety issue with machines made by the group that are used for treatment of obstructive sleep apnea.
- Reuters28/11 Morning Bid: Treasuries gobbled up, oil braces for OPEC
-A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters28/11 Rolls-Royce boss aims for surge in profitability
-Rolls-Royce aims to become a much more profitable business with a goal to increase its civil aerospace margin to 15-17% from 2.5% last year, in boss Tufan Erginbilgic's new masterplan for Britain's most prestigious engineering company.
- Reuters23/11 Businesses, tech groups warn EU against over-regulating AI foundation models
-Businesses and tech groups on Thursday warned the European Union against over-regulating artificial intelligence systems known as foundation models in upcoming AI rules as this could kill nascent start-ups or drive them out of the region.
- Reuters20/11 Morning Bid: Thanksgiving starters of AI and oil
-A look at the day ahead in US and global markets from Mike Dolan.
- Reuters17/11 Economics and nature square off in Dubai Airshow jet engine rift
-A debate over engine performance has exposed a dilemma facing aerospace firms at this week's Dubai Airshow - the hottest part of the jet market is also the hottest part of the world.
- Reuters14/11 Emirates holds off on Airbus A350 order in engine rift
-Emirates ruled out an immediate deal to buy Airbus A350-1000 jets on Tuesday, blaming a dispute with engine maker Rolls-Royce over the durability of its engines and leaving the European planemaker without a major showcase order at the Dubai Airshow.
- Reuters01/11 Exclusive: Novo hires FUJIFILM unit to help make Wegovy weight-loss drug - source
-Novo Nordisk has hired FUJIFILM Diosynth Biotechnologies to fill Wegovy injection pens, a source familiar with the matter told Reuters, as the Danish drugmaker scrambles to boost output of its hugely popular weight-loss drug.
- Reuters31/10 GE HealthCare beats quarterly profit estimates on imaging device demand
-GE HealthCare Technologies Inc on Tuesday beat Wall Street expectations for third-quarter profit as a continued recovery in demand for surgical procedures boosted sales of its medical devices.
- Reuters27/10 Safran posts Q3 revenues up 26%, reaffirms key targets
-France's Safran on Friday posted 26% higher underlying third-quarter revenues and reaffirmed full-year financial targets.
- Reuters27/10 Analysis: Healthcare companies counter investor worries over Wegovy effect
-Healthcare companies who profit from treating obese and overweight patients are trying to convince investors that powerful new weight-loss drugs won't shrink their businesses.
- Reuters26/10 Labcorp beats quarterly profit estimates on strength in routine testing segment
-Laboratory Corporation of America topped Wall Street expectations for quarterly adjusted profit on Thursday, as strength in its routine diagnostics business more than offset weak COVID test sales.
- Reuters24/10 Wall Street climbs as bond selloff eases, earnings lift mood
-U.S. stocks rose on Tuesday on upbeat forecasts from Verizon, Coca-Cola and others.
- Reuters24/10 GE raises 2023 profit forecast on aviation boom
-General Electric on Tuesday raised its full-year profit forecast on robust demand for jet engine spare parts and services and improved performance in its renewable business.
- Reuters24/10 Morning Bid: Big Tech reports as bond yields recoil
-A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters19/10 Corporate America weighs risks of the Ozempic effect
-U.S. companies across sectors such as food and beverage makers and manufacturers of glucose monitors have faced investor questions over the risk to future sales from the growing popularity of promising weight-loss treatments.
- Reuters11/10 Blood tests needed for widespread Alzheimer's diagnosis on the way
-Blood tests for Alzheimer's are needed to more widely diagnose the brain-wasting disease and understand its prevalence, but it will be another couple of years before they become an everyday tool, medical experts and company executives say.
- Reuters09/10 Weight-loss drugs fuel boom for firms that fill syringes
-Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to administer treatments like Novo Nordisk's Wegovy.
- Reuters05/10 Jet engine maker CFM says suspect parts reached its own repair shops
-Jet engine maker CFM International said on Wednesday the number of engines suspected of containing falsely documented parts from a UK distributor had risen to 126, including 16 inside its own workshops after it inadvertently bought them indirectly.
- Reuters12/09 RTX engine issue will ground 350 planes per year through 2026
-Shares in Pratt & Whitney parent RTX Corp hit a two-year low on Monday as it took a $3 billion charge and told airlines hundreds of their Airbus jets would be grounded at any one time in coming years to check for a rare manufacturing flaw.
- Reuters08/09 Biden, Modi discuss rail deal, democracy as U.S. press sidelined
-U.S. President Joe Biden and Indian Prime Minister Narendra Modi spoke for nearly an hour on Friday about joint plans on technology, infrastructure and the importance of a healthy democracy, shortly after Biden arrived in New Delhi for a G20 summit over the weekend.
- Reuters05/09 Analysis: US healthcare stocks roiled by investor tug of war over economy
-U.S. stock fund flows into and out of the healthcare sector have swung wildly from week to week lately, as investors have adjusted their bets over how long the economy will stay strong.
- Reuters28/08 Medical tech firm Danaher to buy Abcam in deal valued at $5.7 bln
-Danaher Corp said on Monday it would buy smaller rival Abcam Plc in a deal valued at $5.7 billion including debt, as the medical tools supplier eyes bigger contracts by expanding its services.
- Reuters23/08 Novo hires Thermo Fisher as second manufacturer for Wegovy weight-loss drug -source
-Novo Nordisk has hired Thermo Fisher as its second contract manufacturer for its hugely popular weight-loss drug Wegovy, a source familiar with the matter told Reuters.
- Reuters15/08 US FDA identifies recall of Philips' respiratory devices as most serious
-The U.S. Food and Drug Administration (FDA) on Monday classified the recall of Philips' respiratory machines as its most serious type, as their use could cause serious injuries or death.
- Reuters03/08 Germany's Merck flags steeper drop in earnings
-Germany's Merck KGaA on Thursday warned of a steeper earnings decline on a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech niche markets get drawn into a wider downturn.
- Reuters31/07 Morning Bid: Wall St shines, China misses again
-A look at the day ahead in U.S. and global markets from Mike Dolan:
- Reuters27/07 Guardians, Dodgers swap Amed Rosario and Noah Syndergaard in trade of ex-Mets
-Two former Mets will have new homes.
- New York Post27/07 Airlines brace for hit from Pratt & Whitney's new engine problem
-Airline executives are fuming about the prospect of grounding planes and trimming flight capacity amid a busy summer travel season after fresh problems arose with some of RTX's Pratt & Whitney engines.
- Reuters26/07 RTX shares tumble on Pratt & Whitney airliner engine problem
-Pratt & Whitney on Tuesday hit fresh turbulence over a problem-plagued engine model, prompting a 10% drop in shares of parent RTX as it said more than 1,000 engines must removed from Airbus planes and checked for microscopic cracks.
- Reuters25/07 GE rides aviation boom to lift 2023 profit forecast
-General Electric Co on Tuesday raised its full-year profit outlook after quarterly earnings topped Wall Street estimates on robust demand for jet engine spare parts and services from airlines looking to cash in on surging air travel.
- Reuters25/07 Morning Bid: Big Tech litmus test as Fed gather
-A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters20/07 J&J expects cancer drugs, medical devices to drive growth in 2023
-Johnson & Johnson forecast 2023 profit above Wall Street estimates on Thursday, banking on demand for its cancer drugs such as Darzalex and the strength in its medical devices business.
- Reuters19/07 Regulator says found no animal welfare breaches at Musk firm beyond 2019 incident
-The head of the U.S. agency responsible for animal welfare has told lawmakers that it did not find any violations of animal research rules at Elon Musk's Neuralink beyond a 2019 incident the brain implant company had already reported.
- Reuters06/07 Zuckerberg-Musk fight's first round: Meta launches 'Twitter Killer' Threads app
-Meta's Mark Zuckerberg delivered a blow to Elon Musk on Wednesday night.
- Reuters28/06 Analysis: India's aerospace suppliers see upside in parts-making from record jet orders
-Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production.
- Reuters24/06 US House panel critical of Twitter probe to question FTC chair at July 13 hearing
-U.S. Federal Trade Commission Chair Lina Khan is set to testify on July 13 before the House Judiciary Committee led by Republicans who have sharply criticized her leadership of the antitrust enforcement agency, the committee and commission confirmed on Friday.
- Reuters20/06 Lab crunch: British science has nowhere to go
-For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home.
- Reuters19/06 Defence, critical tech on agenda as India's Modi heads to US for landmark visit
-Indian Prime Minister Narendra Modi heads to the United States this week for a visit billed as a turning point for bilateral relations, with deeper cooperation in defence industry and sharing high technology in sharp focus.
- Reuters18/06 Analysis: Lockheed-Airbus face lengthening odds in U.S. tanker re-run
-European hopes of winning at the second attempt a groundbreaking U.S. military order for refueling planes are fading after the Pentagon scaled back its potential order, cooling the prospect of a new transatlantic "Tanker War," industry sources said.
- Reuters09/06 Exclusive: LNG developer Venture Global spars with customers over cargoes
-Venture Global LNG, which is building three multi-billion dollar U.S. liquefied natural gas processing plants, is sparring with two customers of its first project over mechanical failures that have prevented commercial deliveries a year after initial shipments began.
- Reuters06/06 Air India plane from Delhi to San Francisco lands in Russia after technical issue
-An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airport in Russia's Far East after it developed a technical issue with one of its engines, the airline said on Tuesday.
- Reuters05/06 Exclusive: Musk's Neuralink valued at about $5 bln despite long road to market
-Elon Musk's brain implant startup Neuralink, which was valued at close to $2 billion in a private fundraising round two years ago, is now worth around $5 billion based on privately executed stock trades described to Reuters by five sources with knowledge of the matter.
- Reuters02/06 Grail says about 400 patients incorrectly informed they may have cancer
-Cancer test maker Grail Inc said on Friday that its telemedicine vendor erroneously sent letters to about 400 patients suggesting they may have developed cancer.
- Reuters25/04 GE raises low end of 2023 profit forecast on aviation boost
-General Electric Co on Tuesday raised the low end of its full-year profit forecast, encouraged by strong demand for jet engine spare parts and services on the back of a strong recovery in air travel.
- Reuters24/04 Philips makes $631 mln provision for recall litigation costs
-Dutch health technology company Philips on Monday said it had set aside 575 million euros ($631 million) for possible litigation costs related to its global recall of respiratory machines.
- Reuters19/04 Illumina wins fast-track appeal of FTC order to offload Grail
-A U.S. appeals court on Tuesday said it will accelerate reviewing Illumina Inc's challenge to a federal agency order requiring the biotechnology company to divest cancer diagnostic test maker Grail LLC.
- Reuters19/04 GE's largest union ratifies 2-year contract extension with wage hike
-General Electric Co's workers have ratified a two-year contract extension that provides for a 12% rise in wages, their union said on Wednesday.
- Reuters19/04 Abbott beats profit estimates on strong medical device sales
-Abbott Laboratories reported quarterly profit above expectations on Wednesday, driven by sales of its diabetes care devices and an improved demand for other devices due to a resumption in non-urgent medical procedures.
- Reuters18/04 J&J raises annual profit forecast on cancer drug strength
-Johnson & Johnson beat first-quarter profit estimates on Tuesday and raised its 2023 profit forecast, as it banks on its newer cancer treatments and multiple myeloma drug Darzalex to soften the blow from declining demand for older drugs.
- Reuters13/04 Airlines, repair shops in North America rely on used, generic parts to keep aircraft flying
-Airlines and aircraft repair shops in North America are increasingly relying on used and generic parts to keep jets flying, a symptom of the rising costs and supply-chain shortages plaguing the aerospace industry.
- Reuters12/04 Pirro to replace Bastianini at Ducati for Americas GP
-Ducati test rider Michele Pirro will replace the injured Enea Bastianini at this weekend's Grand Prix of the Americas in Austin, Texas, the factory team said.
- Reuters11/04 Theranos founder Elizabeth Holmes cannot remain free during appeal, judge rules
-A U.S. judge on Monday denied Theranos founder Elizabeth Holmes' request to remain free on bail while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup that was once valued at $9 billion.
- Reuters02/04 ValueAct questions Seven & i strategy, pushes 7-Eleven spin-off
-ValueAct Capital is pushing Seven & i Holdings to explain its corporate strategy to shareholders including why it is not spinning off of its 7-Eleven convenience store chain or considering selling the whole company.
- Reuters25/03 Breakingviews - Trustbusters pick fight that can make friends
-After a year of fighting losing battles, one of the United States’ biggest trustbusters is taking on a fight where it will be easy to find support. The Federal Trade Commission proposed new rules on Thursday that would make canceling subscriptions less burdensome for consumers. The measures are sensible and offer obvious benefits to millions of Americans. Plus it could earn the FTC some brownie po
- Reuters24/03 UK's Sunak raises concerns over Israel's judiciary with Netanyahu
-British Prime Minister Rishi Sunak stressed the importance of upholding democratic values when he received Israeli counterpart Benjamin Netanyahu for talks on Friday, referring to a move to overhaul Israel's judiciary that has stirred mass protests.
- Reuters14/03 Southwest to upgrade crew-scheduling software, hire more staff during winter
-Southwest Airlines Co said on Tuesday it would upgrade its crew scheduling software and hire more staff in the winter, as the airline attempts to address problems that had led to large-scale cancellations during the holiday season.
- Reuters12/03 Six Hong Kong-listed firms say their deposits at SVB are immaterial
-Six Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed cash deposits at Silicon Valley Bank on Sunday, adding that their exposure to the failed U.S. lender and its impact on operations were immaterial, in an effort to calm investors.
- Reuters09/03 Wall St climbs as jobless claims rise, payrolls data in focus
-Wall Street's main indexes rose after a jump in weekly jobless claims eased some concerns about sharper rate hikes.
- Reuters09/03 GE sticks to 2023 earnings forecast amid renewable energy troubles
-General Electric Co on Thursday reiterated its earnings outlook for this year as booming demand in its aerospace business is expected to make up for challenges in the company's renewable energy business.
- Reuters02/03 Factbox: Neuralink, other brain-chip makers face long road to FDA approval
-Neuralink, founded in 2016, has yet to receive FDA approval to test its brain chip in humans. Other implant makers have spent years or decades on research to secure U.S. regulatory approvals.
- Reuters02/03 Factbox: Elon Musk's missed deadlines for FDA approval of Neuralink brain-chip trials
-Several times since 2019, billionaire Elon Musk has predicted his brain-chip company, Neuralink, would soon secure FDA approval for human trials. But the company's application was rejected in early 2022, Neuralink staffers told Reuters, and the company is still working through the agency's concerns over the safety of the experimental implant.
- Reuters17/02 U.S. FDA classifies recall of Philips' respiratory devices as most serious
-U.S. health regulators on Thursday classified the recall of Dutch medical device maker Philips' respiratory machines as most serious, saying their use could lead to injuries or death.
- Reuters16/02 Air India has options to buy 370 more jets after mammoth order
-Air India has options and purchase rights to buy 370 more aircraft from Airbus and Boeing over the next decade, an company executive said in a recent LinkedIn post, days after the carrier unveiled a record order for 470 jets.
- Reuters16/02 Analysis: Germany's oldest companies face fresh break-up calls
-Activist investors are renewing their years-long efforts to break up some of Germany's most venerable companies, seeing streamlining as a promising route to reviving share prices as Europe's top economy emerges from the energy crisis.
- Reuters15/02 How secret London talks led to Air India's gigantic plane order
-Air India's record aircraft deal for close to 500 jets from Airbus and Boeing has put the Tata Group-owned airline in the league of aspiring global carriers.
- Reuters14/02 Air India agrees to buy 250 planes from Airbus
-Air India has agreed to buy 250 jets from Airbus , including 210 narrowbody planes and 40 widebody aircraft, N Chandrasekaran, chairman of Tata Group, the airline's new owner said on Tuesday.
- Reuters11/02 Exclusive: Payments giant FIS prepares to break up-sources
-Banking and payments conglomerate Fidelity National Information Services Inc is making preparations to break up, undoing a $43 billion acquisition it completed four years ago, people familiar with the matter said on Friday.
- Reuters02/02 Peltz's Trian seeks to rally Disney shareholders against board director Froman
-Activist investor Nelson Peltz's hedge fund Trian Fund Management wrote to Walt Disney Co shareholders on Thursday to make the case for replacing the media and entertainment conglomerate's board director Michael Froman.
- Reuters01/02 U.S., India partnership targets arms and AI to compete with China
-The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence (AI).
- Reuters31/01 Morning Bid: 'Soft landing' or 'no landing'?
-A look at the day ahead in U.S. and global markets from Mike Dolan
- Reuters30/01 Philips scraps 6,000 jobs in drive to improve profitability
-Dutch health technology company Philips said on Monday it would scrap 6,000 jobs to restore its profitability following a recall of respiratory devices that knocked off 70% of its market value.
- Reuters27/01 Tata's Air India to seal half of jumbo plane order - sources
-Air India will on Friday seal half of an order worth billions of dollars for some 495 jets with Boeing and engine suppliers General Electric and CFM International, two industry sources said, as its new owner seeks to revive the airline and compete with much larger rivals.
- Reuters24/01 Wall Street falls as earnings kicks into high gear
-Industry bellwethers 3M, Johnson & Johnson, and GE beat expectations for profit but warned of a challenging year ahead.
- Reuters24/01 GE forecasts weak 2023 profit on troubles at renewable business
-General Electric Co forecast a lower-than-expected 2023 adjusted profit on Tuesday, as the industrial major struggles persistent problems at its money-losing renewable energy business.
- Reuters24/01 Morning bid: Tech tonic, recession rethink
-A look at the day ahead in U.S. and global markets from Mike Dolan.
- Reuters23/01 New suppliers race to plug in to electric car market
-The global auto industry has committed $1.2 trillion to developing electric vehicles (EVs), providing a golden opportunity for new suppliers to grab contracts providing everything from battery packs to motors and inverters.
- Reuters13/01 Exclusive: Southwest eyes operational changes after airline's meltdown -CEO
-Southwest Airlines Co Chief Executive Bob Jordan said on Thursday the company is looking at all options to ensure the operational meltdown it suffered last month is not repeated.
- Reuters11/01 FDA warns Japan's Olympus units over testing violations
-The U.S. Food and Drug Administration on Monday said it has issued warning letters to manufacturers of medical scopes used in surgical procedures, citing violations found during inspections of facilities in Japan.
- Reuters04/01 GE HealthCare shares rise in market debut
-Shares of GE HealthCare Technologies Inc reversed course to trade up 4.4% in their market debut on Wednesday, after the medical equipment maker completed its separation from industrial conglomerate General Electric Co .
- Reuters02/01 France's InVivo to buy one of the world's oldest malthouses in Belgium
-Malteries Soufflet, a branch of French agribusiness group InVivo, said on Monday it had signed an agreement to take over Belgian malthouse Castle Malting, one of the oldest producers of the beer ingredient in the world.
- Reuters