Pfizer slashes revenue forecast on lower COVID sales, will cut costs
By Michael Erman (Reuters) -Pfizer on Friday slashed its full-year revenue forecast by 13% and said it will cut $3.5…
Day: October 13, 2023
Tesla fights $230 million fee sought by attorneys who sued over board pay
By Tom Hals WILMINGTON, Delaware (Reuters) -Tesla Inc urged a Delaware judge on Friday to reject $230 million in legal…
New US SEC rules to shine a light on short selling
By Douglas Gillison and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Friday agreed to roll out new…
Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly NEW YORK (Reuters) -Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain…
Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul
By Manya Saini and Tatiana Bautzer NEW YORK (Reuters) -Citigroup’s third-quarter profit beat estimates on Friday as it benefited from…
Contract talks break down between Hollywood actors, studios
By Lisa Richwine LOS ANGELES (Reuters) -Negotiations between Hollywood studios and the SAG-AFTRA actors’ union were suspended on Wednesday as…
JPMorgan profit beats estimates on record interest income, First Republic purchase
By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat expectations for third-quarter profit on Friday as rising borrowing costs…
BlackRock signals M&A hunger after sharp drop in inflows
By Jaiveer Shekhawat and David Randall (Reuters) -A sharp drop in net inflows took shares of BlackRock down around 1%…
Dollar General shares pop on Vasos’ return as CEO
By Deborah Mary Sophia (Reuters) -Shares of Dollar General jumped nearly 8% on Friday, as investors drew confidence from the…
WTO chief warns of ‘really big impact’ on trade if Israel-Hamas conflict widens
By Andrea Shalal MARRAKECH, Morocco (Reuters) – World Trade Organization chief Ngozi Okonjo-Iweala said she hoped the Israel-Hamas conflict could…